New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-07-17
NEW YORK.

The Dry Goods Market---Conditi0n Of
Affairs More. sQuiet---Propable Effect
of the War ON American Finances
Fluctuations of the Gold NIarket---
Bank Statement---COttOn---Go
ments Close Strong---S0utherns Quiet
Sub-Treasury Balance -. Collector
Murphy Qualifled---German Steamers
German Mass Meeting.--Pr0tectiOn for
German Mail Steamers..-Advance Of
Freight ON Breadstuifs---Hot Weather.
New YORK, July 16.-Dry Goods-Busi-
ness continues inert and prices are settling
down to a level that must ere long give an
impetus to trade, Canton fannels opening
at a low scale of prices Amoskeag A %
inch reduced to &c. Amoskeag AA &c;
Amoskeag bleached 3Oc.; Ellerton from 220
221ac.; E1lerton bleached 231ec.; Ellerton l.
bleached I7c.; EllertOn N brown 24c.
Worsted braids, both in common and high
colors, selling down to 52la 55c. Prices Of
printed calicOes are about being fixed for
the fall styles at II lsc. for Dunnels, Pacific
American and Merrimac; 12ac for Merri-
mac w fancy, and l2c. for Cocheco fancy,
and 13c. for robes de chambres.
The unsettled feeling caused by the un-
certainty as to whether war would be de-
clared or not has been succeeded by
quieter condition of affairs, and attention
now in Wall street is entirely directed to
the probable effect that the war may have
on American finances. This will depend
largely on the amount of specie shipments,
which, in turn, will depend on the quantity
of American securities which may be re-
turned from Europe. After the first flush
over the declaration of war, it is believed
that foreign capitalists will seek investments
in our bonds, while the demand for bread
stuffs and American products is likely to
exert an important influence on foreign ex~
change.
The return Of any considerable amount
of American securities would, perhaps, neu--
tralize the demand for breadstufs. The
earliest sales of gold to-day were at 116a4,
after which there was a decline to 11534. On
report that England had obtained a sus-
pension of hostilities for eight days for ne
gOtiAtiOns, the price returned to 116as, the
first recorded sale in the room, and ad-
vanced to 1864 on the denial of the report,
and dispatches saying that the hostile
armies were in motion and that sixty-twOs
went down to 84a4 in London. Subsequent
ly the market fluctuated between 116A a
116h, and finally closed firm at Il69s a
116A. Carrying rates Sac per cent. Clear
ances $144, 4,O0O, 900, representing Yesterdays
business. To-day's figures will probably be
as large. Exports to-day 81, l,O76,97O, and for
the week 50, ,74O,26 Of that to-day about
100000 is silver.
The bank statement is most remarkable
showing an enormous Increase in loans.
specie and deposits. Loans $285, ,377 ,3I6;
increase 81 ,593,89l; specie .$4l, ,l35, ,6S8; in
crease 5,4O1 .254; circulation $32, OF, ,786;
increase $1,072,571; deposits $234, ,332, 1856;
increase $l46O6, 1887; legal tenders $53, ,46l,-
34l; increase $1l2,271.
Cotton: The movement for the week
| shows receipts at all ports 9474, and exports
| 1868 bales. ....
Money easy at "A ON call; sterling quiet
! at 97s 01Ols. In governments the feeling is
| decidedly better, and prices have advanced,
closing very strong, though without much
| activity.
Foreign bankers were buyers to some
| extent, while the home investment demand
was good, and the supply was quite mode
| rate.
State bonds quiet Old Tennessee 6s,
new 63s4.
Imports for the week: Dry goods
| 81, ,595, ,758, general merchandise S3,77 3, ,35l-
| Sub-treasury balance Gold S7l AS, ,495,
currency $lO,992, $50.
Collector Murphy took the oath of Office
| to-day.
| The Prussian Consul here says no official
| information has been received from his gov
ernment relative to German vessels, except
a caution that they avoid French men-of-
war if possible.
| The North German steamship Hermann
has been detained by orders from her own
ers in Germany.
| The Hamburg steamer will sail as usual
next Tuesday.
A German mass meeting will be held here
next Wednesday.
The German Mail Steamship Company
have asked the United States for protection
for their vessels, and will detain their YES
sells until protection is afforded them.
| All European steamers have advanced
| freights on breadstuffs.
| 1t is stated that orders were to-day re-
ceived at the Navy Yard to fit out immedi-
ately all available vessels for reinforcement
| Of the Cuban squadron.
The Pacific Mail Steamship Company are
arranging to start line to Europe forth
with.
One broker to-day sold nearly S3,0OO 900
worth of gold at between 160 l619.
To-day was one of the hottest days OF the
season, the thermometer ranging above 93
in the shade. Twelve cases Of sunstroke re-
ported-three fatal.
After the slight fluctuations during the
evening, gold closed at the Fifth Avenue
Hotel tonight at III.