New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-08-05
kATCEDAY. Aug. ar. VI.

The general trade of the city during the
week has showna fair degree II activity In dry goods
there was an animated movement in first hands, the
close approach the distributing season forcing pack
age buyers into purchasing Tie volume OF business is
far below the usual Affair." jobbng business was
done in most lines OF groceries while for breadsuGs
active market has been reported. Cotton has shown
declining tendency, at least during tho first half OF the
week with free sales export though later brisk In
oiry for consumption set In, which gave strongcrtone
10 the market the close, with late sales on the basis OF
2oc for Low Middngs. The noipts Tor the week were
2l17 bales and the exports $780,
In Wal-st and financial circles there has been more
features OF interest than characterized the market
for many weeks past, chief among which were the
gradual hardening of the money market the advance In
gold the mness OF Government bonds, and the weak
ness OF the stock speculation prominent topic Of con
yersaton has been found in the wonderful success of the
new French indemnity loan. Of which $6O0'OO0OOO
was offered for subscriptions, Responses to the
amount OF forty-one miards Of francs G5,2OO000O0O
national money! were received though but very
few "details arc yet at hand and these must
be awaited by the English malls. Until received
it would be idle TO make any predictions AS Its elect
upon the Continental exchanges the future OF
American bonds and secures Atthe outset prices at
London improved about per cent, Government bonds
here making also sharp upward turn to lCl in the ease
of 1865 with corresponding advance in the other de-
for mercantile make payments to the Treasury for
dutcs TO lift large lines Of merchandise from bond the
reduced tariff went into operation on the lat inst For
eirn exchange, however has weakened and sales OF
prime bills at second hands have been reported
low as 100 net, the pressure being princi-
paIly OF borrowed bills by parties anxious
TO obtain gold bridge the next days. there
being some apprehensions that there may be scarcity
OF the precious metal byandby. The meeting OF the
Directors of the Bank OF England. Thursday did
consider IL necessary change the minimum Of dis
count though the bullion in the bank vaults showed
decrease Of s3lOOO The rate continues 81 per cent
The weekly increase OF the Bank OF France
francs Tile money market ruled easily enough during
Monday and Tuesday, at 10 per cent, but In
the later DAYS OF the week rates hardened from
the Interference OF temporary local causes,
aud In some Isolated per cent was paid
on call, s being paid very freely. There
reasons for expecting closer working OF the market
during Fall season, though there Is real ground
for pretending any decided stnngency. The policy OF
contraction however, pursued and persisted In by
Secretary Boutwell, may operate dlsadyantageousy, for
the Treasury Department have called In since December
81 1871, sJ7i5OOOo three per cent certificates only
g. having been called before January 81 ISL Tie
amount OF these certificates uncalled l. S6GsOOOD
These certificates form part Of the bank reservrs and
their place supplied by National bank notes.
Of the banks II 10 papaDe that while the reserve has