The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-08-20
FINANCIAL and COMMERCIAL.
WALL STREET.
SATURDAY, August I9--G L. NJ.

WALL STREET. \
SATURDAY. August l9-6 +. M.
On Change to-day wheat was BETTER and the inn
provement was attended with considerable bust-
ness. Cotton was barely steady.
THE COTTON MOVEMENT.
The receipts Of cotton at all the ports for the past
week were 1850 bales, against 9,454 bales the pre-
vious week. The total receipts since September !,
1870 3995,05i bales, against 2,S9i223 bales for
the corresponding period OF the previous year,
showing an increase OF no. s3l bales In the present
crop. The exports from all the ports for the week
were SAT bales, against 5,7G2 bales for the same
week last year. The total exports for the expired
portion of the cotton year 1885, COZ bales. against
2,ls4, $50 bales for the same time last year. The
stock at all the ports is ,42 bales, against &c. 76S
bales for the same period II 1870.
THE IMPORTS OF THE WEEK.
The imports OF foreign merchandise during the
week We're ST. o65 against 49, the previous
week and s5.377 1874 for the corresponding week OF
last year. or this amount 154 was dry goods.
TIE NEW LOAN.
Fresh indications OF brighter career for the
now loan are furnished daily, and the "new
departure' Is already exciting Juror which,
II sk;lfully encouraged. may bring the re-
funding OF the debt TO happy fruition.
TIE American Syndicate report that the European
Syndicate have received subscriptions to the extent
OF $3.50 900 IN cash for the new ves although the
advertisement OF the loan was only begun to-day IN
the principal European capitals, the books TO be
opened next Tuesday morning aud close on Thurs
day afternoon. rie bonds are also reported 10 have
advanced premium or !. a $40 per cent, but the
dispatches are conflicting as to whether
reference Is had TO the premium
the bonds themselves or on the privi-
lege OF membership In the European Syndicate.
one arm In the American Syndicate have sold their
interest TO out OF town national bank for hand
some consideration, The European syndicate are
reported to have declIned a number OF heavy bids
for the bonds made ny parties on condition that
they should gel all they retit,oned for, and not be
compelled TO submit 10 such allotment as NAV occur
when the books are closed. The European Syndi-
cate Will distribute coo or the bonds, nclu
sive OF siO.Ooo.OOo out Of the $25,OoO,OtO for
which they subscribed absolutely. The American
agents report receipt OF large number OF let
tiers from the national banks asking for instructions
as TO the conversion OF the SIX per cent 1ve-twen-
ties. The bonds advanced TO 1925 bid on the street
this afternoon, and sale OF 100000 was made at
99I In gold, buyer thirty days, the bonds carrying
5l6 per cent or accrued interest. While there has
been. confessedly, q great deal done the past ten
days IN the way OF good start toward success
with the new Loan IL should be remembered that
when the syndcates have got through with the $780,.
oOo.OoO (snould they place SO muchj there remains
equal proportions OF the $500, 900 Jour and half
per cents and 100000, 900 OF the four per cents.
Doubtless the tear OF Congressional legislation VIII
stimulate the national banks enough TO ensure the
American Syndicate In placing all they hold of the
five per cents. The subscriptions reported In the
usual way IRON Washington were $500, 600 to-day.
THE BANK STATEMENT.
The weekly statement Of the associated banks
proves quite unfavoraoe. The specie has run down
about three millions, In consequence OF the
heavy customs payments on imported goods.
and the legal tenders have fallen over two
millions. exhibiting the shipments oil currency ini.
tiaing the fall movement to the West and South.
The loans have been, on the other hand, expanded
! two millions, and the deposits consequently show
decrease less than the totai loss in specie and e-
! gal tenders. Tne surplus re serve is consequently
/ impaired to the extent OF S4.2S,,427, and Is now
/ DOWN 10 SlO,l3l05c. The statement contrasts with
! ire nre,ecassor as iOOWs:-