The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-04
FINANCIAL and COMMERCIAL.

WALL STREET,
SATURDAY, June Sc +. NJ
On 'Cnange to-day wheat was better and firm.
The cotton market was higher and steady.
THE COTTON MOVEMENT.
The receipts OF cotton at all the ports for the past
week were 02 bales. against 40 us bales the pre-
vious week. The total receipts since September l.
1870, 37o2 2eo bales against 277o 432 bales for
the corresponding period OF last year, showing an
increase OF lo9 1897 bales In the present The
exports from all the ports for the week were Al S92
bales against &c. 10O bales last year. The total ex-
ports for the expired portion or the cotton year are
2044,17 bales, against 1861 500 bales for the same
time last year. The stock at all the ports is 100
bales against 276,0S0 bales for the same time last
year.
THE BANK STATEMENT.
The weekly statement OF the associated banks is
favorable, but devoid OF important feature. The
heavy export OF specie during the week has reduced
the line OF specie to the extent of over million and
half OF dollars, but compensation for this loss In
the matter Of reserve Is more than made up by gain
of about So legal tenders The deposits have
increased close upon three millions In loans there
is very moderate expansion. the increase being
only $780, GOETHE result OF the duler movement at
the Stock Exchange, which necessitated n less ac-
tive inquiry for loans in connection with speculative
transactions. The decrease In circulation Is over
800, Goa larger amount than usual. The state
ment contrasts with its predecessor as follows =
Loans ag q sss n sc.4s INC oa sss $40
Specie. 153So,l14 l3 7S9.SS0 Dec. 500, 23i
Circulation. 3l,o1,2l4 sO,98a,72s Dec. 1o2,52l
Legal tends 0s,23O,4ls 7o,9oo,s33 Inc. 267o,4l5
An analysis of the above figures shows net gain
IN reserve of S1,0so1s1, ana net increase IN
liabilities OF So 0O,23s. Deducting twenty-five per
cent or the latter from the former leaves $500 to
be contributed to the surplus the legal reserve,
which surplus now stands at SID, ios,653.
MONEY TWO TO FOUR PER CENT
Money during the usual hours for making engage
ments, was quoted at two to three per cent ON call
loans with pledge Of government collaterals, and
three to four per cent on stocks. After two O'Clock
there was the usual Saturday pressure to lend ball
ances, and money was freely offered al three per
cent regardless OF the kind OF collaterals Dis
counts were quoted AZ u OK per cent for prime
names.
Foreign exchange was dull after the steamer, and
sales nominally the same.
GOLD l. wEI-112I A 1l17s,
The "Dull" clique In the Gold Room were less de-
monstratve to-day, and made no resistance to large
sales by prominent bankers, which were supposed
to be the complement OF sales OF United States gov
eminent and railroad bonds In the European mar
kot. One rnmor had 1t that the Chesapeake and
~
OF millions OF their first mortgage bonds in tho
London market. These sales depressed the price
from Hex to 1117s, after which there was reac-
ton, the succeeding sales occurring alternately Mt
112 and 112H. In the loan market the rates ranged
from per cent for carrying to fat for borrowing
The operations OF the Gold Exchange Bank were as
follows:-Gold cleared $40, 525, COOS gold balances
s2,s95,sla; currency balances, s2,so5,97o The sew
eral European steamers took out little over
ST. 600
GOVERNMENTS STEADY.
The government list was shade lower in some
issues-a natural sequence Of the reaction In the
gold market, but was generally steady in sympathy
with the strength OF the London money market,
which Offset the decline in gold, and closed with the
following quotatious-Unied States currency SKIES,
1855 1857; do do, 1881, registered, ia lax;
do. do, coupon, l174 1171s; do. fve-twenties.
registered, May and November, 11lal 112; do.
do, 1852, coupon do, 1l1N a 112; do. do, 1894,
do. do, NIX 112; Go. do, 1885, DO do, 111az
ll2: do. DO, registered, January and July, 1903
11oT; do do, 1865 coupon, do., ll91s 1la4; do.
Co., 1857, do. do. 11A5s 1l4as; DO do. 1865, do.
DO, l14E ll4%: do. ten-forties, registered lo94
189s4; DO. DO, coupon, 10 ilo1S.
SOUTHERN SECURITIES STEADY.
The Southern State bonds were steady, with q
small but well distributed business most OF the
leading Issues coming in for attention. Tie changes
IN price were unimportant, end the market left
of ON the street as foliows:-Tennessee, ex
coupon, Il 71E; do. new, Il q 11h; Virginia,
ex coupon es a 90; do. new, 723s 1874; do old,
registered stock, 56i4 56js; Georgia sxes 50 90;
do sevens. 931s a "a; North Carolina, ex coupon, AZ
a476; do funding, 1866, 37 374: do. do, 1858, 81
q 80; do. new, 26i4 264; do special tax, 20 2UH
Missouri skies. 739. 1871; do, Hannibal and st.
Joseph, 94A e4s; louisiana SKIES. 20 70; do new.
70 49, 60. levee SKIES, ~ 49, do. do Fights, IS
a go; do. Peni,cntiary sevcns 20 IS; do. railroad
Fights, "A rs; Alabama hves, 10 76 40 Fights,
lo3 104; do railroad eights, 05 100; South Caro-.
lina skies, rs IS; do. new January and July, e3A
a 631s; do, 10. April and October. 81 c.; Arkansas
skies, 81 a So; do. sevens, AZ a62.
STOCKS WEAK AND LOWER.
The stock market was weak and underwent an
average decline the active list OF over one per
cent, which would probably have been more serious
had 1t not been Tor the strong support given Lake
Shore and Rock Island, which, by advancing each
one per cent in lace OF the dropping tendency
of prices, prevented what threatened to be
the general decentralization or the whole list.
The decline was more marked In Pacific
Mail, western Union Telegraph, New Jersey Central,
Hannibal ana st. Joseph preferred, Pittsburg, New
York Central, wabash, Reading, G., y. and /. G.,
ana the Northwestern shares Lake Shore advanced
10 1I5s< on the sidewalk after the adjournment Of
the session up stairs the rise being due to the usual
tmid;tv OF the .shortu interest on Saturday after
moons particularly, bets were freely offered that
the scrip dividend would be made before the middle
of next week. Rock Island was once quoted at
1s3s., but the transaction was cancelled, the buyer
begging to be excused on the ground Of making
mistake in reading an order rom a customer. The
best figure was l28sS which, and that OF 1864 for
Lake Shore are tue highest figures of the season Tor
these Two stocks.
HIGHEST AND LOWEST PRICES.
Tic following table shows the highest and lowest
prices of the principal stocks during the day
highest. Lotcest
Nav YORK Central consolidated. -. 90 q1ai