The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-08-18
FINANCIAL and COMMERCIAL.
A SPHINXITIC BANK STATEMENT
A Loss Of Two Millions in Greenbacks and a
Gain Of Two Millions in Specie.
The Banks Stronger Relatively, but
Poorer Absolutely.
DECLINE IN GOLD TO LIS.
Renewed Foreign Inquiry for
United States Bonds.
MONEY EASIER AND ABUNDANT
The Weeks Imports Of Foreign Goods
UPWARDS of Ten Millions.
MONEY EASIER AND ABUNDANT
The Weeks Imports Of Foreign Goods
Upwards Of Ten Millions.
STOCKS LESS ACTIVE, BUT STEADY.
Pacific Mail, Western Union and
Northwest Weak and Lower.
EARNINGS OF THE ERIE RAILWAY.

WALL STREET
SATURDAY, August 17-0 T. M.
On 'Change to-day wheat was steady and less
active. Flour showed an improving tendency and
moderate activity. The cotton market was un-
changed.
THE COTTON MOVEMENT.
The receipts Of cotton at all the ports for the past
week were 2472 bales, against LIS bales the pre-
vious week. The total receipts since September l,
1871 are 2714 436 bales against 3,995054 bales for
the corresponding period OF previous year, showing
q decrease in the present crop of 1,2SO61s bales.
The exports from all the ports for the week were
1858 bales against 647 bales last year. The total
exports for the expired portion of the cotton year
are 1867 bales, against S,lS66o7 bales for the
same time last year. The stock at all the ports s
o. bales against 114 AL bales for the same date
IN 1871.
THE IMPORTS OF THE WEEK.
The total imports at this port during the past
week were $1O,139,oOe.
The imports Of foreign dry goods at the port Of
New York for the week ending August 16, and since
the beginning Of the year, have been as follows:-
Thrown on market 2,l77,72S a,47a,s2s eOoo,sSo
Since Jan. l.
Entered at port. e2,a7s,752 s5,sls,e5o sSo47 ses
Thrown on market 62,936,257 s2,91S.954 s7,422.651
The imports OF merchandise, other than dry
goods amounted to $4,716,970
MONEY FOUR TO TWO PER CENT.
An effort was made to establish the rate for
money at 4 per ceEt, and little business was done
at that figure; but the quotation dropped to per
cent and the closing transactions were at az
per cent An effort is being made to get up SEN
sation over an active money market at Montreal.
The latest advices from Peoria represent money
easy In that ceEtre so that we needn't be alarmed
about Montreal. Prime discounts steady at
per cent, and foreign exchange left of moderately
firm on the oasis Of 1857 and 1925 as the asking
rates for prime sterling.
THE BANK STATEMENT.
The weekly statement Of the associated banks is
favorable Ia SO far as 1t shows a much stronger
position OF the banks in their reserve which bears
q larger proportion to liabilities than it did last
week, the surplus above the legal limit having in
creased about $650,00O The least satisfactory fea-
ture is loss Of two millions in legal tenders, which
Is onset so far as reserve is concerned by more
than equal gain in SPECIE but points to an outward
movement OF money-doubtless as beginning of
the usual eux Of currency at this season and later
on In the Fall. The loss in deposits Is just the
amount Of the loss in greenbacks. The decrease in
loans Is nominally three and half millions, three
millions of which Is correction OF error in last
weeks statement. The gain in specie is the most
tnexplicable result, and has been taken to mean
that the gold clique sold good deal of their hold
tngs when the market dropped to 114% early in the
week. The statement compares with its prede-
cessOr as follows:-