The New York herald., 1868-12-06

u. 10.
Loans s25i, ,3seO5s $259, ,4p1, ,eo5
Specie. e................... lo.5S62I1 1894, ,2o4
scmas'on nayussts 1s74IsSSs 800 20 oa' s1y s1y
Legal tenders. 81, 440, 206 59402 476
The increase decrease In each item respectlyey
n shown as follows:-
Increase In loans. S5 Io5 s48
Increase In specie ......................1s 1s57.9S7
Decrease In circulation. 29' sO4
Increase In deposits. sts.............. Q 424' 9s2
Decrease In iega tenders. 2947,73
Tne decrease In legal tenders Is readily accounted
for by the sales OF government gold, $1,000 600 Of
which was disposed OF at auction by the SubTr
urer, Mr.. Van Dyck The increase OF specie Is ex-
actay the amount which was deficient last week. and
shows return to the bank Of gold which was prob
aoly n0arded for speculation. The disposition TO
nnd 1ault with the increase In loans is not very
reasonable. The excess Is not extravagant In COM
parls0n with the great business demands OF the
metropolis. It Is questionable whether liberal
policy OF expansion not better than q too conser
vattve one. Money is intended to be actually en-
ployed not to be stored away in bank vaults and an
Overcautious institution is On obstacle rather than
help to commerce. The amount OF loans above de-
posits 10 about S2,5Oo,Oo0, which is about the sum
sent South during the week to move the cotton CROP
The reports from the Gulf and Atlantic
ports show an increase. OF over $4,000 bales
In the receipts OF the staple for the week as CON-
pared with last week. This cotton will soon be en-
route for Europe and paid for in gold. The banks
are therefore making loans on undoubted security,
ana VIII show plethorc vaults when the cotton Is
once on shipboard
Money was shade more active this afternoon,
perhaps through an icpation of the bank statement
Tne prevailing rate was per cent at the banks
ana trust companies and, on mixed collaterals,
among the brokers. On governments the rate was
Six. with exceptions at dve Good houses however,
obtained all they wished at six on the ordinary col
saterals Commercial paper was without any change
either In rates or business. Foreign exchange was
undecided owing to the fluctuations in gold but dull
after the steamer.
, The Gold Room was feverish and excited during
the forenoon In consequence Of extravagant reports
from Europe, which tended to advance the premium.
The market was prepared for "bull' movement
by the publication OF the report that the government
would sell no more gold this year, and therefore
readily responded to the influence of cable tee-
gram from London saying that the Continental
news was OF an unfavorable character. This was
interpreted to mean that Napoleon was dead, that
there were riots in Paris that the Oriental question
mad been revived and that Russia and Turkey were
going to war. The price, which opened at 1855, ad-
vanced steadily to 1861, from which point 1t re-
ceded to 1865, the closing price at halfpast
1our O'Clock. The relapse was natural
reaction, stimulated by later dispatches de-
priving the first rumors OF their absurd
extravaganza. The German bankers were large
purchasers during the early period OF the ex-
citement, but their fears were soon disslpaed and
they ceased buying if they did not return their gold
70 the market. There are indications of gold job
bng nature In these kilograms especially as gold
was "unl0aded" at the highest figures Of the day,
and the weekly bank statement shows return Of
nearly two millions OF dollars "locked up" last week.
The range or prices is shown in the table,