The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-04
FINANCIAL and COMMERCIAL.

FINANCIAL and COMMERCIAL.
WALL STREET, I
SATURDAY, June Sc T. NJ.
On 'Chenge to-day wheat was better and firm.
The cotton market was higher and steady.
THE COTTON MOVEMENT
The receipts OF cotton at all the ports for the past
week &c. 4O2 bales against 40 IT'S bales the pre-
vious week. The total receipts since september !,
1870, 1872 2e9 bales, against 2772432 bales Tor
the corresponding period OF last year, showing an
increase of 1901, 1897 bales In the present crop. the
exports from oil the ports for the week were 47s 92
bales against 36lGO bales last year. The total ex-
ports for the expired portion OF the cotton year are
2o4i,177 bales, against 105s693 bales for the same
time last year. The stock ut all the ports Is 267 13o
bales against 27eoSo bales for the same time last
year.
THE BANK STATEMENT.
The weekly statement OF the associated banks is
favorable, but devoid OF important feature. The
heavy export OF specie during the week has reduced
the line OF specie to the extent OF million and
half OF dollars, but compensation for this loss In
the matter Of reserve Is than made up by gain
of about 7oO 900 in legal tenders The deposits have
increased close upon three millions. In loans there
is very moderate expansion. the increase being
only $780, O0o-the result OF the duller movement at
the Stock Exchange, which necessitated q less ac-
tive inquiry for loans in connection with speculative
transactions. The decrease In circulation is over
s10o, COCOA larger amount than usual. The state
ment contrasts with its predecessor as follows :
Loans ay q sss Sus INC ca .sss SO
Circulation. aI.oI,an sosos,!2s pee. 1921
Legal Iend's 0s,asO,4ls 7o9oo,sss Inc. a,e7O,4l5
An analysis of the above figures shows a net gain
IN reserve OF s1,oso,1s1, and net increase IN
liabilities OF $2,7oo,23s. Deducting twenty-five per
cent or the latter from the former leaves $3s2622 to
be contributed to the surplus the legal reserve,
which surplus now stands at SD, io2653.
MONEY TWO TO FOUR PER CENT.
Money during the usual hours for making engage
ments, was quoted at two to three per cent on call
loans with pledge Of government collaterals, and
three to four per cent stocks. After two O'Clock
there the usual Saturday pressure to lend bal
ances, and money was freely offered AZ three per
cent regardless OF the kind OF coaterals. Dis
counts were quoted AZ o 6h per cent for prime
names.
Foreign exchange was dull after the steamer, and
sales nomnally the same.
GOLD l. wEI-.112A A 1117s,
The "bull" clique In the Gold Room were less de.
monstratve to-day, and made no resistance to large
sales by prominent bankers which were supposed
eminent and railroad bonds in the European mar
ket. One rnnor had 1t that the Chesapeake and
Ohio Railroad Company had negotiated couple
OF millions or their first mortgage bonds in the
London market. These sales depressed the price
from Hex TO 1117f, after which there reac.
ton, the succeeding sales occurring alternately Mt
112 and len. In the loan market the rates ranged
from per cent for CARVING to fat for borrowing.
The operations Of the Gold Exchange Bank were as
4 eoD.n hale.
s2,3o5sla; currency balances s2,so5,97o. The sew
eral European steamers took out little over
S1,2o1,0oo
GOVERNMENTS STEADY.
The government list was shade lower in some
issues-a natural sequence OF the reaction In tho
gold market, bnt was generally steady in sympathy
with the strength OF the London money market,
which crset the decline in gold, and closed with the
following quotations:-Unied States currency SKIES,
1853 1l5Js; do do, 1881, registered, ia 114A;
do do, coupon, 117ia 117h; do. fve-twenties,
registered, May and November, Ill x 112; do.
do. 1892, coupon, do, 1112s l12; do. do, 1884,
do. do, NIX liz; Co do, 1885, do. do, 111A
ll2: do. co., registered, January and July, 11O%
I102; do do, 1865, coupon, oo, 111ls 1l4z; do.
Co.. 1867 do. do, 11i5s 1i4ss; 10. do. 1868, do.
do., max nay; dc. ten-forties, registered. 1o0a
109s<; 90. d., coupon, 10 a Il01S.
SOUTHERN SECURITIES STEADY.
The Southern State bonds we're steady, with
small but well distributed business, most OF the
leading Issues coming in for attention The changes
IN price were unimportant, end the market left
OF the street as IOliows:-iennessee ex
coupon, Il 7IE; do. new, Il o 11h; Virginia.
ex COUPON es co. do. new. 723s 1874; do. old,
registered stock, 56i 56js Georgia skies, 50 92
do sevens 931s "a; North Carolina, ex coupon, ~
a47h; do funding, 1906 81 Il 379: do do. 1885, 81
81; do. new, 26,4 2624; do. special tax 20 2OK;
,,rt civ q Hannibal nd
Joseph, 94 945s; louisiana SKIES, 20 y; do new.
~ 49, 10. levee skies, Y q IS; do. do. eghts So
go; do. peniientiary seycns, 20 rs; DO. railroad
ciglis "A rs; Alabama fives, 10 76; 90. Fights,
l03 1O4; do railroad eights, 95 100; South Caro-
lima Skies, rs 49, do. new. January and July, 63A
a o31s: do 10. April and OCTOBER 81 c.; Arkansas
SKIES. 81 So; do. sevens, AZ 60.
STOCKS WEAK AND LOWER.
The stock market was weak and underwent an
average decline on the active list OF over one per
cent, which would probably have been more serious
had it not been Tor the strong support given Lake
Shore and Rock Island, which, by advancing each
one per cent IN face OF the dropping tendency
of prices, prevented what threatened to be
the general Generalization OF the whole list.
The decline was more marked IN Pacific
Mail, western Union Telegraph, New Jersey Central,
Hannibal ana st. Joseph preferred, Pittsburg, New
York central, wabash, Reading, g., q. and l. G.,
ana the Northwestern shares. Lake Shore advanced
70 1l5s( on the sidewalk after the adjournment OF
the session IN stairs the beng due to the usual
tmid;t7 OF the short' interest on Saturday after
Moons particularly, bets were freely offered that
the scrip dividend would be made before the middle
of next week. Rock Island was once Quoted at
1891 but the transaction was cancelled the buyer
begging to be excused on the ground Of making
mistake in reading an order from customer. The
best ngure was 1898, which, and that OF 1l5s4 for
Lake Shore are highest figures OF the season Tor
these TWO stocks.
uIaUEcT AM LOWEST PRICES