The New York herald., 1871-12-03
FINANCIAL and COMMERCIAL.

FINANCIAL and COMMERCIAL.
WALL STREET. |
SATURDAY. Dec. 2-6 M.
| On Change to-day wheat was shade lower and
| dull. C0ttOa was unchanged.
THE COTTON MOVEMENT.
The receipts OF cotton at all tie ports during the
past week were 1922 26 bales, against lo bales the
previous week. Tue total receipts slace September
J. l. II, S0014i bales, against 1O5s,S.7 bales Tor
the corresponding period OF the previous year. show
ing decreasein present crop 49, 0S6 bales. The
cxporSs from all the ports for the week were 90 $40
bales, against 70. AZ bales Tor the same week last
year. The total exports for the expireI portion OF
the cotton year are 4o7,4li bales, against s2ssO6
bales for Inc same time last year. The STOCK at all
the ports Ia S4J bales, against 393 056 bales for
the same date IN 1870
rHs BANK STATEMENT.
The weekly atemcnt o. the associated banks Is
IN avorabe, owing 70 loss OF about hall million
dollars In the surplus reserve winch Is n wv a0out
seven millions. The specie return is made on
rising average and reflects therefore, only partially
lhe real situation or the banks In this item. tie
heavy disbursements OF coin in payment Of the
"caed" 1928 cOunung during only sinal traction
OF the week. lie Important feature Is loss OF ~
millions OF legal tenders, winch SHOWS the activity
OF the movement OF currency TO the South and
West. Tie dcposiLs are jlst about Inc amount the
banks have expended In l0ans-viz., l0ur mICns-
q ratner anomalous policy, Dut adopted, doubtless,
with reference rather to wnat the bank statement
Will ne week or TWO hence, wnen Their resources
are forifed vita the ten or d teen millions OF gold
coming OF the Treasury Tor the '6-'s. Tue State
ment contrasts with Its predecessor as loows:-
N0n m5er rs. Dec nlber?.
Loans............ $2SS, S,4J3, 100 s292, ,3Io, 900
specie. ............... lO.ZS-,SVV looi4, iO0
CircuatlJn. .....".... 3o,oss,oJo SO! 10, 9OJ
DePOsits. ............ "a, aIe,ooo Izo,oif,oUo
Legal tenders. 65,GA,9Jo 52.4 800
The diferenc IS Tor the week bclng:-
Increase In loans. 200
ltcTciso III slcc.c.. l,Sol,So
Increase IN cicu,alion .................. 1.,4O)
increase III deposits 5.................. 4,.S4,10o
decrease III legal lenders Lse0,O0o
An ANALYSIS Oi the above SHOWS that the banks
have made net gain OF S5j5s.0 IN reserve against
All increase OF $4,3J2.1oo. Delucstng rs per cent Of
the latter from the surplus Of last week aud aiding
the above gam leaves the BANKS with $7,07S,250 In
excess OF the legal reserve loss Tor the week Of
$5UJ,6l5
THE REFUNDING OF THE DEBT.
According to telegrams from Washington tie
total amount OF checks paid out SO far on account
OF the "caed' bonds OF 1862 Is $4,000. 900, or
which s7.uoJ,oo) had been cashed IN New YORK up
10 the close Of business lhls afternoon the whole
amount 20 be patti lor will be nearly 81. oo,00o
wnca will De repaid To the extent OF about
$l0,ooo.oJo by SUBSCRIPTIONS to the new loan In gold
outside the Syndicate.
THE THREE PER CENT CERTIFICATES.
Assistant Treasurer Hiilhouse, IN obedience to In
srucnons from Washington, gives notice to the
holders of three per cent temporary loan certificates
issued under The acts OF March 3 1861 and July rs,
1885, that all such certificates bearing date May
is, 1885, Of the denomination Of So, o. between The
numbers 2,Si9 aud 1851. inclusive, and OF the de-
nomination OF 500 each, between the numbers
2,S34 and 1862 inclusive. Will be paid on presenta-
tion at mis- office, and thai from aad alter the Slst
day Of January. 1872 such certificates viii to
bear interest and Will be no longer available as q
portion OF tue Lawful money any national
banking assoc. alton.
MONEY ACTIVE.
Money was in sharp demand throughout the day
at seven per cent, which was freely PAID, and was
sometimes BID In con. The leading government
dealers exceptionally had balances lett with them
at six per cent.
Prime paper was quoted at a IL per cent dis
count
Foreign exchange was steady and quiet.
GOLD 1l0k 1l03i.
Gold was quiet ana steady at 1l0< and 11Os<,
although some effort was made to get up activity on
q rumor that the government had united with
England In interfering against Spain In Cuban
affairs. The changes OF the day are shown In The
tablet