The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-27

The changes are quite expcable and logical The
shipment OF specie and the customs receipts almost
exactly account for the loss of specie The decrease
I'm loans Is the result Of contraction against the
quarterly statement The losses in deposits and
legal tenders are attributable to the shipment OF
rency southwark and westward and to the with
drawal OF funds by the country banks
The money market worked closely at the begin
ming OF business, and although more active than on
Thursday, less than in the earlier portion OF
che week. The rate during the forenoon was seven
per oent in gold, with exceptional cases OF COM
missions and exceptional transactions In currency
Later III the day funds were more abundant or
rather were offered more freely under the induce
nent OF earning two days. interest and the rate
declined to seven per cent in currency The course
OF the money market for the ensuing week is SUBJ
Ject OF much concern, but the banks win be under
the necessity OF contracting still further In order to
help their appearance in the quarterly statement
there Is little hope Of relaxation until after the
advent of the New Year. The question OF the reissue
OF $2O,ooO,oOO of greenbacks creates continued in
quiry in the street. The following explanation has
received the semiofcial authority Of subTreasurer
Van Dyck:-"The fifty dollar legal tender note hav-
ing been very perfectly counterfeted the
some time since determined to withdraw all OF that
denomination from circulation and to replace
them with new notes. IL was also de-
cided to call in such other legal tenders
~ bore the endorsement that they were
exchangeable into nvetwenties; these latter were
issued during the early part Of the war. To effect
the exchange alluded to the United States Trea-
surer, about month ago, sent circular 10 the diff
ferent Assistant Treasurers and to the government
Repositories requesting them to forward such notes
20 washington and to receive therefor new ones.
This exchange has been going ON for some time,
and the old notes have been accommodating in the
Treasury at Washington. The despatch OF Thursday,
stating that sec, 0000 600 had been burned probably
alluded to this accumulation"
u prominent dry goods j0bbing house doing bust
ness In broadway, near the corner OF Worth street.
suspended to-day, and the consequence has been
another check to discounts Their liabilities are not
extensive II they confined to the sum reported,
which comprises $l,25O,00o business debts and
100000 due to the banks.
Gold opened at decline from Thursdays closing
prices, the first sale being made at 1S4A. On the
strength Of large shipment to Europe to-day the
premium became 1rmer and advanced a quarter.
The price remained at 1856 until the afternoon when
y receded to 1345s The market was duh in general
Operators abandoning the Gold Room for
The Stock Exchange. 1t is announced from Wash
ington that the January coupons will be paid on
Thursday next the 30Ih inst, and the SubTreasurer
began to-day to give out checks therefor dated
january !, 1859. This Will give the banks an oppor-
tunity OF appearing well In the quarterly statement
- some twenty millions Of gold viii be distributed
In this city. The gold shipments for the week were
over 100000. The gross clearings to-day at the
Gold Exchange Bank were SOL, go, 900, the gold
balances $1,751,16l and the currency balances
$274s,41o. In the morning the carrying rate went
high 10 per cent and 1-32 but relaxed to aad
g. with the easier feeling in money prevailing in the
afternoon. The price Of gold during the week Is set
forth az fnlloYS:-