The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-26
The Weeks Imports of Foreign
Goods Nearly Ten Millions.
SUSPENSIONS IN THE COTTON TRADE.
Another Dividend to the Ocean
Bank Creditors.
Early Closing Movement i'm the
Gold Board.
WALL STREET,

FRIDAY, May 25-6 +. NJ.
On Change to-day wheat firmer but duer.
Flour was easier, II not heavy, and cotton strong
TWO or three failures in the cotton trade were
reported, but names are withheld in view OF prom
Use that the trouble may be only temporary.
THE COTTON MOVEMENT.
The receipts OF cotton at all the ports for the past
week were 12,0S3 bales, against Is, 1877 bales the
previous week. The total receipts since Septem-
Der 1871 2641 119 bales, against ,S9s for
the corresponding period of previous year, showing
o decrease in the present crop of Lis, 1899 bales
The exports from all the ports for the week were
2S,S3S bales, against 56,540 bales for the week
last year. The total exports for the expired pOr-
ton of the cotton year 1886 252 bales against
1892, 9S4s bales for the same time last year.
The stock at all the ports is 211,O2O bales,
against 30O,S bales for the same date in 1871.
THE MONEY MARKET
was easy with steady supply to the stockholders
At per cent and to the government dealers at
a0per cent Prime paper was quoted q per
cent discount. Foreign exchange was unaltered.
THE BANK STATEMENT.
The chief features OF the bank statement are q
decrease of two millions In loans and gain of
nearly two and q half millions in the supplies over
the legal reserve. The contraction In loans
Is not readily explained, unless it represents
the liquidation In the stock market during the
week by large holders who borrowers previously
nom the banks sold their stocks and returned the
loans Considerable of this is thought to have been
done by the operators in Pacific Mail moro
pecially The actual gain in legal reserve has been
over three millions, composed chiefly, as may be in
ferred, of legal tenders, the gain in specie being
rather larger than was generally anticipated,
gidertng the outward current of specie The banks
have now SO, S15,675 in excess Of the required re-
serve-a gain for the week of $2,426575. The
az
foll0ws:-
Loans Ssg as ss Mag Il pes a 70
circulation 2SssssOS 2,5GS',soO Dec. $500
Legal ten assc5sOo 5iso me- me-
GOLD 1917 113I
The gold market was moderately active and
lower In the forenoon on sales to realize the differ
ence between the prices Of fve-twenties here and
in London securities in the latter place having
been quite favoraby affected by the prophecies of
speedy adoption in the Senate Of the Supple
mental Treaty. Governments responding to this
advance gold, which had fallen or from
1884 to 1131 recovered to 1881 again In view Of the
less sentimental feature of the weeks specie ship
ment amounting to close upon four and half mil
Hons and closed lib 1-16 113A. Loans Of gold were
made at a 9 per cent for carrying The operations
of the Gold Exchange Bank were as follows Gold
balances, $3.50, 1886; currency balances $780, $685.
gross clearances, S37,571,00
The specie exports for the week were S4,37S $40,
of which $3,755,0OO was American gold coin. The
total exports of specie for the week and since the
beginning of the year have been follows:-
Total for the week. ACKNOWLEDGEMENTS. $437S 6D7 70
Previously reported IL, 057 1914 SO
Total since January l, 1872. s22 1885, 244 AZ
Same time, 1870. ACKNOWLEDGEMENTS. IL, 1888 SS7 81
Same time, 1859 ................. lS,lle, 1858 90