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The Daily Dispatch: August 11, 1862., [Electronic resource], Later from the North. (search)
levying war against the United States. Financial. New York, Monday, August 4--6 P. M. --To- day's bank statement compares as follows with that of last Monday: Week endingLoans.Specie. July 26$149,768,293$33,064,609 August 2150,517,84434,022,490 Increase$749,551$957,881 increase$749,551$957,881 Week endingCalculationDeposits. August 26$9,244,953$132,427,178 August 29,311,868137,112,937 Increase$66,915$4,685,759 The feature of this statement, as of the lasAugust 29,311,868137,112,937 Increase$66,915$4,685,759 The feature of this statement, as of the last, and indeed all the statements for several weeks, is the large increase in the deposits. With the bank deposits increasing at the rate of four and five millions a week, and the loans — which indicate the demand for money — only increasing at the rate of three-quarters of a million to a million, it is evident that we shall have a 2 or 3 per cent, money market here this autumn, unless the rate of interest be prevented from declining by the offer of the Government to receive money on deposit to