New-York tribune., 1872-08-12
SATURDAY, Aug. l0-P. NJ.

The general trade of the city during the past
veel has been fairly active at well-supported prices
and IN certain classes OF domestic produce higher hgures
have been reached the breadstus market there mas
been considerable excitement, particularly IN cereals
the burning Of an elevator In Chicago, ed WIN Whea
amounting, according to the official register to 65"o
bpshels on which warehouse receipts TO the
,,,,, NJ over ao0OO bushels had been issued,
tcndnp 70 intensity the commOuon among the grain FOR
arders In dry goods there has been more activity ana
animation than several weeksand sales nave SHOWN
decided increase the buyers being as rule Joooers from
ont of town. with also large Western inquiry douOt-
lessaided by the reduced freight tarh on the western
trupk lines Domestic fabrics have been very readily
taken while importers have offered large lines OF foreign
,,ods at a liberal rate The cotton market has been
,i,c lively ana the market closes strong aud higher ON
the bass of 2l9c for Mddlng Upands The total receipts
OF the week 7s bales aud the exports 9Ooo Oes
In Wall st. and the Stock Exchange the advent OF dos
days and the attendant sutriuess OF the atmosphere
have done considerable toward keeping ahalrs quiet
though some important changes have been reported IN
tbe leading markets. We have 10 record weak and
,,r ejaculation in stocks, with free offerings of
sbarcs nv holders which prcciptated a sharp decline
cold has been strong about all the time, and foreign
exchange unsettled and weak, with ready sales
NJ prime sterling go days. as low as lOe5.
Doubtless some Of these were bllls borrowed
,or the ocension, and sold in order 10 obtain
d at l0s3 afforded the drawer handsome profit both
an tho cold which could be lent at II to per cent for
nae for the 60 days, while the currency proceeds com
nanded per cent for the same time Government
hords have been firm and money easy Indeed, the
uonetary situation has been drifting toward further
and instead OF and cent last week the close
~ the uresent finds abundant offerings low as and
nor cont a condition OF affairs unprecedented even
DURING the past season Of low rates. This has
been In part owing TO the continued shrink
AGE OF values on the Stock Exchange, which
as materially reduced the amount of money re-
oured TO carry stocks and secondly by the cessation Of
the demand from the West, owing to the "corner" in
wheat at two Of Western cities The outlook for the
immediate future appears to be quiet, though, has
already been demonstrated, the stock manipulators
might In any emergency engineer tight money.
The stock market during the week has reflected the
disposition of holders press their stocks to realize
whatever they would fetch. This continued through
the week, and TO the close tonight, when the
lowest prices made, the decline Of the
last six days being found In the tables below The most
decided fall has been in Western Union Telegraph, which
was selected the special object Of attack, and
pushed down To TOia fall OF A. per cent. The depres-
sion In this stock attributed failure Of
the Company negotiate their real estate bonds the
London market and the alleged necessity OF the sale OF
the COmpanys stock TO provide the for the con-
structiOn Of the building about 10 be erected on
Broadway, In this city, II seems extraordinary that
excellent a security should 20 begging and II
the late heavy sales OF stock and the consequent
falling of price could be traced TO any
other adequate should be unwilling 10 give the
least credence to astounding We have, for
at least two years past, believed the stock TO he
valuable than the quoted price has Indicated and
reason even the story OF failure true
why such event should have serious an effect IL
not 10 be denied, however that large blocks OF the
stock have been sold todayhye times larger, 1t II be-
heyed. than innocent holders would bo inclined
10 part with - aud hence the suspicion that
the managers, many Of whom have been
large holders selling their individual shares IN an.
cpaton Of the large sales hined ut In the street gos
ain or else that the story true In all ts entirety and
the compapys shares are being put out the market ~