The New York herald., 1871-03-26
FINANCIAL And COMMERCIAL.

WALL STREET,
SATURDAY, March 25-6 p. M.
On Change to-day wheat was unsettled and
heavy. The cotton market was strong and fairly
active at slight advance.
THE COTTON MOVEMENT.
The cotton movement for the week shows con-
siderable falling OF IN the receipts which, at all the
ports. were 81 a26 bales against 1024s4 bales the
previous week. The total receipts since september
l. 1870 240 $40 bales against 35S 317 bales for
the corresponding period OF the previous year,
showing increase Of 8S2 553 bales the present
crop. The exports from all the ports for the week
were 97,s33 bales against .562 bales the same
week last year. The total exports for the expired
portion OF the cotton year 1885, III bales against
,701 bales for the same time In 1S69-7O.
THE BANK STATEMENT.
The weekly statement Of the associated banks
shows further heavy decrease IN legal reserve the
loss in which amounts TO nearly So, 500 00O The de-
posits at the same time have run down over
$5 ooo so that the surplus reserved Is impaired
only 81 17S,636. The banks now hold $lO,47O 500
above the legal reserve which is fair margin with
which TO meet the contingencies connected with the
ensuing week, which will be the only and the last
period in which activity IN money likely to occur
before the FALL with Its shipments Of currency to
marke the wheat and cotton crops Of the West and
South. The loss In specie is attributable to the
heavy customs payments and the specie shipments
Of the week, amounting to about $5,250OOO, against
disbursement OF only S2,250,OOO OF gold from the
Treasury. The statement compares with Its prede-
cessor as follows:-
March Is. March 2.5 Changes.
Loans. $780,, ,576,4o4 s2ol, l4.a2O Dec. 462 Osi
Specie. 2; 22 Ss745 Isela,oo7 Dec. s'o4e, 1888
Deposits. 230945,643 225,774,302 Dec. 5171, 341
Legal ten.. 56,e2a,645 55,lsS,4oS Dec. 43O,237
MONEY THREE TO FIVE PER CENT.
Despite the unfavorable bank statement and the
fact that the banks have commenced to contract
their loans, money was easier than any previous
day OF the week and exhibited the usual Saturday
abundance, The general rate on call was four per
cent with exceptions al five per cent stocks and
tour per cent on governments. Prime discounts
were quoted six to seven per cent. Foreign ex-
change was dull after the steamer and nomlnaly
unchanged.
GOVERNMENTS STRONG.
The government list developed considerable
strength as the day progressed, and prices steadily
improved until those at the termination of business
were the best Of the day. The latest
street quotations were as follOws:-United States
currency skies, ll34 ia; 40. SKIES, 1881,
registered, 1853 a 1l51; do. do. coupon,
1l5ss ll5sl; do. fve-twenties registered, May
and November, 1l2 q 1l2h; do. do, 1852, cou-
pom, do, 1929 ll2h; do. do. 1854 do. do, 112
l12h do. do, 1885, do. do. 1l2 11256; do. do,
registered, January and July, 110T Ill; do. do,
1885, coupon, do, 11O7s q Ill; do. do, 1867, do.
do, 11oX Ill; do. do, 1863 do. do, Ill 111H;
do. tenforties, registered, 1881 a 1OS%; do. do,
coupon, 10Sh 1885,
STOCKS STRONG AND HIGHER.
The stock market was generally steady in the
morning, and gave promise Of becoming dull and
heavy, but to the surprise and astonishment OF the
"bulls' not less than the '.bearsn the whole list
became exceedingly strong despite the announce
ment OF SO bad a bank statement, and upon active
dealings prices took sharp upward turn, touching
in some instances the highest points made the pres
ent season. Lake Shore was perhaps the most con-
spcuous feature Of the day, and advanced from
l0oA to 1919. Northwest common sold at S61a, and
st. Paul common AZ 6lH. Western Union returned
to 5s, and Ohio and NJ issssppi to AK In the mis-
ceaneous shares &c. G. l. CO.. advanced to %, and
was rather a feature late in the day.
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest
pces OF the leading speculative stocks during the
day.