The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-07-02
FINANCIAL and COMMERCIAL.
WALL STREET, I
SATURDAY. Julv If T.. Al. (

=. SATURDAY. July Id T.. MI
ON Change to-day wheat was dull ana heavy.
The cotton market was moderately active ana n
traction higher.
THE COTTON MOVEMENT
Tie receipts OF cotton at all the ports for the past
week 1897 bales against 66i bales the pre-
vous week. The tot Al receipts since september !,
1870 are 0lS bales, against 2s25 469 bales for
the corresponding period or the previous year. show
ing an increase OF 1,065,5iS bales In the present
ecrop. The exports from all the ports for the week
1920 bales against 1913 bales for the same
week last year. The total exports for the expired
portion or the cotton year 306 S bales against
2.OS9,07l bales for the same time last year. The
stock all the ports is lo2 bales, against 1sOe4s
bales for the same time In 1870.
THE PUBLIC DEBT.
The reduction the public debt for the month OF
June Is larger than anticipated and exceeds seven
millions OF dollars. The chief features OF the state
ment issued by The Treasury Department are tabu-
lated us f0ll0ws:-
Debt July l, ls7l........... ...$2, 292 o3o. sS4
Debt June l, 1871 2-Sslo4'l o4
Decrease of debt during June lsu... s7,los,35o
Decrease since March 1871 ......... 2S,8.S,Ol2
Decrease from March l. 1863, To March
j. lsu........... .................. Ios' 'os,sio
THE BANK STATEMENT.
The disbursements OF coin interest by the govern
ment during the past week saved the bank state.
ment from proving unfavoraole, for without the
eight millions OF gold thus paid out the heavy specie
export. combined with slight decrease i'm legal
tenders would have materially impaired the reserve
or the banks. The gain i'm specie from
the source indicated does not fully show
in the bank statement which gives
kJny tlle average, and the banks are
therefore really stronger than they appear in the
item OF specie. The deposits are up nearly five mil
lions. The resulting gam reserve ls therefore
considerably reduced. The total liabilities Of the
banks amount to s27s, 1903, $50 and their
10 $S7, 279 or more than the twenty
five per cent required by law, gain for the week
! or $i.3ls.637. The statement compares with its
predecessor as follows:-
| 400. Ju ne "a; o: ,l@g1: Changes:
(Specie. 14olS,2ls 1652o,461 Inc. 2.5ll,2a5
Circulation. 30.56O,6 COG 3d. 94,457 Dec. 66, l49
Deposits. 80. 24a52I5l3 24s3os,6g8 Inc. 47s7lsO
Legal tends. T,36l,168 7l,348, 828 Dec. 12340
y MONEY TWO TO THREE PER CENT.
Money was easy at three per cent on stock col
laterals and at two to three per cent on govern
ments.
Prime commercial paper was quoted at ~ q 6 per
cent discount.
Foreign exchange was dull and about steady on
the basis OF 1lOH 110H for prime bankers sixty
day sterling, and Ill l11}S for sight bills.
GOLD sTRoNa-l1s,I A l1s3I.
The gold market was strong as consequence OF
the large shipment OF specie by to-days steamers.
rhe amount exceeding even the figures of
I the engagements reported yesterday, and ag-
gregalng over $1,94o,oO0. The lowest sales
occurred at 1917, with the bulk Of the
days business at 1854. few transactions,
barely sufficient to make the gu otation took place
late IN the afternoon at 1881. The Assistant Urea
Surer paid ont $780, 900 account OF July interest,"
making total payment for the week OF IS, %, 900.
The course or the market is shown In ne table,