The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-28
FINANCIAL And COMMERCIAL.
WALL STREET,

WALL STREET, l
SATURDAY. May 27-6P.M
TN Change today wheat was drm ana in better
demand. The cotton market was o shade higher
and strong.
THE COTTON MOVEMENT.
The receipts OF cotton at all the ports for the past
week were 17S bales against 45os7 bales the pre-
vious week. The total receipts since September I,
1870, are 3,75ssos bales, against 2,75oo47 bales for
the corresponding period OF the previous year.
showing an increase OF OO6 s5l bales in the present
crop. Tee exports from all the ports for the week
$3.50 bales, against 421 bales for the same
week last year. The total exports for the expired
portion Of the cotton year 9s bales against
1,923,4s1 bales for the same time last year. The
stock at all the ports Is 300 si3 bales against 1892 0l3
bales for the same time last year.
THE BANK STATEMENT.
The weekly statement OF the associated banks con-
tnues to show increasing averages In the several
items, except clrcul alton, which, as natural when
he flow OF currency Is toward this city, shows q
decrease. The loans have been expanded only
$2,OOo.0oo, against net gain In surplus reserve
OF nearly 500 1000. The banks now hold s15,22o,o31
above the reserve required law. Their total
reserve is over 81 per cent OF their liabilities The
changes are in detail as follows:-
Loans. 4,6 IS sl %g Inc o"s lo1
Circulation. aaS4sss s1oms Dec Dec isssl
Deposits 233, 5o4ols cas- 400. 100 Inc. 1896 IA
Legal tend. 66521,322 6S,2S0,4lS Inc. l,7O3,098
MONEY TWO TO FOUR PER CENT.
The money market was easy at three TO four per
cent on stocks and at three per cent on govern.
mcnts. Exceptional loans were made at two per
cent on the latter securities. AS showing the
plethora OF money and The desire to get the best
possible rates OF interest It is worth remarking that
q number OF loans made al three ana half per
cent among the STOCK houses.
Prime commercial paper was quoted AZ q SIX per
cent discount.
Foreign exchange was nominaly unchanged and
dull. Bills out Of second hands and round amounts
were attainable at u to SIG per cent below the
asking rates OF the leading bankers.
GOLD DULL-1l1a 11lI.
Gold was stagnant. the lew sales occurring during
the day being alternately at III and l1l%, In the
loan market the rates ranged from l per cent for
carrying 10 / per cent for borrowing. The OPERA
tons Of the Gold Exchange Bank were as follows:-
Gold cleared. 500 047, GOO
Colo oalanceS. ................,......... l234,l06
CulItuCy oaduccs.. l4oo,oZO
GOVERNMENTS HIGHER.
The government list was strong ana fraction
higher. The dealings were devoid of special rea-
ture, the final street market leaving or ioows:-
United States currency skies, 1863 1861; do. do,
1881, registered 1I714 1l79s; do do, coupon 117
1177s; do. five twenties, registered, May and No
vember, 111ss 1llA; do. do, 1862, coupon, do,
ILL.,. NIX; do do, 1864 do. do, 111s 1l1A; do.
do 1855, no. do 1l15s lllal; do. do, registered,
January and July, 1874 113I; do. do. 1865, cou.
pom, do, 1888 III; do. do 1857, do. do, 113zs
ia: do. do, 1868, do. dO Ia n4s; do ten-ror-
ties, registered, lo9H 1926 do. do, coupon, 1929
o ITO.
THE SOUTHERN LIST STRONG.
The Southern State bonds were firm and fairly
tive The prices the only call had to-day as
follows:-Tenncssee skies, ex coupon, TAX 72%;
do. new, 1924 1873; Virginia skies, coupon, 6oh
694; do. new, 7l1s 14a4 do. DID, registered, 57A
a 574; Georgia sevens, 92a< 95 do. gold bonds, "a
q 94A; North Carolina skies, old, 471s q Az; do.
new, 261d 27i4 do. special tax, 1917 201s;
South Carolina skies, old, IS ~; do. new, July,
63zs q Ca Missouri skies. 95i4 a 95.; do. Hannibal
and st. Joseph 941s 95; Louisiana skies, 70; do.
lcvee skies, 72 do do. eghis 80; Alabama lives, 20
bid; do Fights, 1o3 q 1O4; Arkansas sevens 621k.
STOCKS DULL AND IRREGULAR.
There was very little dong at the Stock Exchange
outside OF the stocks which are the immediate sub
ject Of clique manipulation. Reading, after
siderable inactivity, suddenly advanced to 11sH.
Rock Island strong and rose to 1904. Otherwise
prices irregular. The following table shows the
highest and lowest prices Of the principal stocks
during the day.