The New York herald., 1871-10-22
FINANCIAL and COMMERCIAL.
WALL STREET,

WALL STREET,
SATURDAY. Oct 2l-6 =. M.
On 'Change to-day wheat WAS lower, bur the de-
cline made business and the market was active.
Cotton quietly submitted TO decline of &c. 2sc.
THE COTTON MOVEMENT.
The receipts OF cotton at all the ports for the past
week were So 53s bales against a. o97 bales the pre-
viOus week. The total receipts since September /,
ls7l are 2aS S74 bales, against 900 bales for the
corresponding period OF the previous year, showing
decrease OF 8 2l6 bales in the present crop. The
exports from ali the ports for the 33,s92
bales against 80 ,974 bales for the same week lash
year. The total exports for the expired portion OF
tue cotton year are 114,075 bales against 1874
bales for the same time last year. The stock at all
the ports Is 1S4487 bales against 2O4911 bales for
The same time IN 1870.
THE BANK STATEMENT
The weekly statement OF the associated BANKS
proves favorable, thanks to the policy OF conserva-
nsm which has been at length adopted oy those
institutions under the significant warnings OF the
past few weeks. the first feature OF importance Is
= contraction OF nearly ten millions In loans-a
result really not expressive OF all that they have
been doing In this direction so far as Wall street Is
concerned for, with an extension OF perhaps I'VE
millions IN the way Of accommodation to the mercan
tile interest, they must have Withdrawn fifteen MIL
hons from Wall street with the effect OF sending the
speculative interest to the foreign bankers Tor loans
0r sterling on pledge OF stock collserals, as was
referred to in this column early In the week. Other
WISE the statement Is not SO susceptible OF explana
tOn, unless the theory that the bank accounts OF
some OF the larger pools IN the stock market have
been adjusted to produce the discrepancy Thus the
decrease in legal tenders is only $so7, ,OO0 when the
shipments Of currency to Chicago were several mil.
lions and the renOw during the past few days less
than half million Furthermore, there is an in
crease In specie when a decrease was ex-
pected, the Treasury receipts for customs and
Ihe foreign exports OF specie being largely
IN excess OF the TWO millions government gold sold
on Thursday. In partial explanation IL is said that
the banks have recelpted to the extent OF about q
million dollars for the November registered inter-
esg, and nave counted the Treasury checks which
are payable on and after Wednesday next as so
much specie on hand. the deposits have fallen Off
over eleven mlons. representing chiefly the con-
traction in loans, so far as their surplus is con-
cerned, and the calculation Is made for all the
banks on the Clearing Aouse sheet-the Twenty
0ve Per Cent law, good one, being as
applicable, so lar as the interests OF
the public are concerned, to the state
banks as well rs 10 the national banks-a gain mas
been achieved and they now hold reserve enough
% show surplus OF about one ana half millions
m amount small enough TO have eAcred consider
able remark did 1t not furnish q favorable contrast
10 the deficit OF last week and little enough to
this season, regardless of the financial commotion
sOccasloned bv the Chicago fire. The statement
compares with ats predecessor of last week as