The New York herald., 1871-09-17
FINANCIAL And COMMERCIAL.
WALL STREET,
SATURDAY, Sept. l6--6 Z. NJ. !


SATURDAY, Sept I8--6 p. NJ.
On 'Change to-day wheat was heavy and dull.
The cotton market was fraction lower but strong
at the decline.
THE COTTON MOVEMENT
The receipts OF cotton at all the ports for the past
week were IL 56l bales, against l37 bales the pre-
vous week. The total receipts since September 1,
1871 are 500 bales against ss2 bales for the cor.
responding period OF the previous year, showing
decrease Of O2s Dales In the present CROP The ex-
ports from all the ports for the week were I5,sl5
bales, against 3,s4O bales for the same week last
year. The total exports for the expired portion Of
the cotton year are so43O bales, against TO- 9o3 bales
for the same time last year. The stock at all
the ports Is s5 22s bales against 55253 bales for the
same time in 1870.
THE STOCK EXCHANGE BUILDING.
The afternoon session OF the board was dispensed
with to-day and the members visited and inspected
the remodeled apartments OF the Stock Exchange.
The room OF the open board Will be abandoned on
Monday, and business resumed under the ola roof
which now covers but one grand hall, In place OF the
two stories into which the Stock Exchange was
originally separated.
THE BANK STATEMENT.
The weekly statement OF the associated banks con-
tnues to show reckless expansion OF loans In face
OF further heavy loss in legal The exhibit
Is OF character calculated to excite alarm and is
deniably "bad, TO quote The monosyabic opinion Of
1t prevailing Throughout the street. The frantic effort
OF Mr.. Boutwell, TO help the "bear" Syndicate in gold
by selling four millions of government treasure has
failed to increase their specie balance, for the reason
that the entire amount went back into the Treasury
for customs. loss OF half q million more was Oc-
casioned by the specie shipments to Europe The
gold Of the Treasury paid for in large part with
greenbacks, which, with the movement Of currency
to the INTERIOR is rejected In a decrease OF over
three and halr millions In legal tenders. Despite
the greatly impaired powers OF the banks they have
seen fit to enlarge their loans to the enormous
total Of $3l2, 800, OO0-an increase for the week
of about and half million dollars. The
decrease In deposits Is about two millions,
or just the difference between the total loss
in reserve and the fresh loans OF the
week-a fact which strongly implies that the banks
had to come to the help OF some OF their customers
ana extend accommodation In order to prevent en-
barrassment. The circulation Is also down not far
from million of dollars, which means either that
the banks have been boarding their own notes as
first protection against demand for greenbacks,
that the country banks. anxious to forty their own
reserve, have sent these notes home by express for
redemption in legal tenders. IL is possible too, that
OF the banks have sold portion OF their CAPT.
tai to new banks, West or South. An analysis Of
the statement shows that the total loss in legal re-
serve has been $685. 400, against reduction In
liabilities OF So 036 400 The loss In surplus reserve
is, therefore, $2,s99, 800. In other words, with
liabilities amounting to $276 400, the banks hold
only So 500 in Of the twenty-five per cent
required by law. Tney have not been 50 poor in q
long time. The statement contrasts with It's prede-
Ce ssOr as fOllOWS:-