The New York herald., 1871-03-19
FINANCIAL and COMMERCIAL.
WALL STREET,
WALL STREET, I
SATURDAY, March 1916 p. n.
On Change to-day wheat was quite active and
firm. The cotton market was quiet and lower.

SATURDAY March 1916 p NJ.
! On Change to-day wheat was quite active and
lrm The cotton market was quiet and lower.
THE COTTON MOVEMENT.
The decline I'm cotton the past few days In the
face OF a decline In the receipts OF the week s due
to the more general calculation OF the crop up TO
date, which so largely in excess OF that for the
corresponding period OF last year as 10 warrant the
be!leflhat the receipts for the present cotton year
viii be over tour millions oi bales Last year the
crop was about 8, 2000 900 bales. The excess In the
receipts up to the present time Is nearly 5000
bales; that II the balance Of the crop should
be only the same IA last year we must
have over 100000 bales The recents at all the
ports for the l02 4S4 bales against 1858
bales the previous week. The total receipts since
September ], 1870, are 3i5S,5l7 bales, against
2,S03S7o bales Tor the corresponding period OF the
previous year, showing increase OF Sto,645 bales
IN favor OF the present crop. Tue exports from all
the ports Tor the week 10000 bales, against
81, sO7 bales the same week last year. the total
ports for the expired portion OF the cotton year are
2o7Os27 bales against l4o2 80 bales for the same
time last year. The stock at all the ports is dias ss2
bales against 499 1871 bales for the same time in 1870
THE NEW LOAN
despatch from Washington states that the total
subscriptions to the new loan, az reported to the
Treasury Department, amount to s15, oo3, ooo
TIE IMPORTS OF TIE WEEK.
the imports otner than dry goods and specie for
the week ending March H. 1871, were S3o05 4i2.
The imports OF dry aools for :he week ending
March II, 1871, We're S3,SSs,A)o.
THE BANK STATEMENT.
The weekly statement OF the associated banks is
very unfavorable ana rejects the operation OF arri-
fcia influences 10 assist monetary crisis IN con-
nection with The natural outflow OF money 10 the
rural districts al thus season, when the conn.
try banks draw on New York for FUNDS 10
be employed In the "April settlements The
banks themselves seem, however, to regard
| The occasion az devoid OF any cau,e for
| alarm, aud IN View OF the Interests which
they have atsaEe their rafocnation is not likely 10
! be hasiy or evsid of sagacity There is IN i'm
mcnse short interest IN the stock market. and some
powerful Operators are leaguea TO produce decline
/ They must succeed now go 10 the wal. Should
tue lst OF April once 30 by without a break IN the
stock market they will be overwhelmed by the enor
| nous summer rise which may be looked tor In the
Stock Exchange. with peace In Europe aud with the
! Secretary OF the Treasury determined to make 2ib
money market easy, even II il requires him to part
/ with every available dollar OF gold in the Treasury
| in excnange for bonds, the speculative spirit ~
thoroughly aroused and VIII lead to marked results
before the close OF the year. The changes since lasS
| week In the banK statement are:-
Decrease In specie .....-.,...........- l,4eoagl
| Decrease In circuiauon. .............,..... asso5
increase IN uGpVoita i,v-t,o1o
Decrease IN legal tenders l4z-, 80
The totals TINS week compare with those of last
! week as ioows:--
March II. horch ls.
/ Loans. 80. .353. 39i Saw 516.a3I
! Specie. q 769,iI5 52,'id3. y
! Circulation Oh h03.Vti o., IJi 80
| Deposits ........... 22a,9gA5Si 2So,9isGl}
/ Legal tenders ......... 5T.df5, sSi 5Jl25 045
TIE loss IN re Is s2521.67o. ana in the surplus
/ over the legal reserve s2779,i7o. 1he banks con
tnue TO nold s2Gl9, sc in OF the legal re-
serve.
MONEY EASY.
| The money market was easy al four TO i've per
cent
Prime commercial paper WAS quoted az a Z per
! cent discount.
! Foreign exchange was dull ana stead.
GOLD wEAK--llla A II0B.
| Our bonds III London continue to advance in face
OF the announcement oil the neg French loa0, ana
'62's went Vi To OK. me gold market was heaVl.
and finally became weak with sales toward tht
case at iiogs. The course Of The market is shown
| mi In ta,i