New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-09-09
SATURDAY, Sept. 7-P. NJ.

The week closes in trade circles upon a rea-
sonably active movement in all the merchandise mar
Kets-a condition due, in large measure, to the deght
full weather which has impaired new life and activity 10
both buyers and sellers In many OF the Leading staples
there has been all advance reported but the improve
neut has not been general. decidedly better blEi-
ness has been done in Lreadstu generally at higher
prices which, however, did not hold al tue close
The upward turn groceries somewhat retarded oy
the putting up Of the freight tariffs on the leading trunk
lines which induced Western buyers TO purchase WIN
less freedom fair degree Of animation was reported
in dry goods and the Fall season seems TO nave opened
with as much activity as is ordinarily noticed. Inc
obbers orders have increased materially, the ndica-
tions OF cooler weather inspiring interior buyers 10 III
I'D their stocks meet the growing demand from con
sumers. There has been also quick inquiry Tor 40
nestle cotton goods, with liberal movement OF
stocks from both first and second hands. There mas
been an improved feeling in wOoens, and an increased
trade in foreign fabrics The movement in cotton has
exhibited much activity with an advance OF quarter
for cotton on the spot and about that on future delivery
The market closed strong the basis Of 2c for Low
MSddling. The receipts at all the ports amounted to
1854 bales these being the total receipts Of the new
cotton crop commencing September !. The exports
footed up Loss bales.
In financial circles there has not been any decided
movement any of the various channels conbina-
ons being retarded by bears to the course OF
money While somewhat active business was done in
siderable feverishness and regularity though strong
unaertone WAS impaired 10 the market which at the
close lifted the list Of stocks from out Of the Slough Of
Desmond" 70 the high ground OF strength. Gold
has been at lower quotations, responsive to
which, in part at least, the entire list
of Government bonds weakened and fell
materially as will be seen by comparative table The
current prices are the lowest for many day and find
explanation in part from the reaznss of the banks
which earlier in the season had invested their funds in
these securities pending the period ofow interest rates
The decline in prices abroad is due, in connection with
the depression Consos, TO the recent failure OF Messrs
Lamb Nash Co., heavy house engaged in the lndia
trade with Liabilities approximatlng S2OOOO THIS foI-
lowing closely upon heels Of the Messrs Gedstanes
Co stature and xpectatOn OF other embarrassments
served TO give the London market heavy and uncom-
Portable appearance Still the Bank OF England rate OF
discount rules 81 per cent the bullion being reduced
$4,000. The Bank OF France lost during the week
1888, 900 francs.
Foreign Exchange has continued depressed by the very
liberal offerings Of borrowed bills, aud in some quar-
tiers 1t is thought that ~ much as five OF six million
pounds sterling have been placed this In Ve@ OF
the prospective large crops 70 forward there should
be very heavy export in order 10 warrant this extern
sive kite flying. Gold has been inactive and declined
from 1874 TO 1922 the decline finding partial explanation
from this cause. In view Of the absence OF any
speculative interest in the market the decline
under the weakness Of sterling IS natural.
There are certainly indications Of clique
nipulauons. AT the close to-day there
nrmer feeling Money has ruled easy during the week,
and the rates call chiefly at and per cent,
with and the extreme range. Loans on time are
difficult, and command sharp rates and the explanation
of the low quotations call s found in the desire OF
lenders to Keep their capital well in hand in order to be
readiness to meet the expected drain westward The
market for commercial paper Is also dull the banks be-
ing unwilling even II able, TO take any long lines OF
paper while the full extent Of the currency movement
Ia unknown. We hardly expect IN view OF these preca