The New York herald., 1872-12-29
A Gain in Specie and a Loss
in Legal Tenders.
GOLD HEAVY AND LOWER
A Specie Shipment of Nearly Two Mil
lions for the Week.
STOCKS DULL, HIGHER AND FIRM.
Tho Leading Features Erie, Pacific Mail and
Western Union-A New Imue
of St. Paul.
WALL STREET,

WALL STREET, I
SATURDAY, Dec. 2s-6 p. NJ.
On 'Ohange to-day cotton was very quiet, but
steady for "spet" while "futuresn were . trine
bettor Flour was more active and firm. Wheat
was also In better demand and unchanged, while
corn was barely steady and very quiet.
THE IMPORTS OF TIE WEEK.
The imports OF foreign goods at this port during
the past week amounted to $4,575,75o, made up Of
S977, ,472 Of dry goods and $3,59s,2s7 Of general
merchandise.
THE COTTON MOVEMENT.
The receipts OF cotton at all the ports for the
past week were 1o3 43 bales, against 12 357 bales
the previous week. The total receipts since Sep
tember l, 1872 5s7 bales against 1851
for the same period Of last year, showing an in.
crease In
THE PRESENT CROP -
OF 254,s7e bales The exports from all the ports for
the week were s9,757 bales, against 1888 last
year. The total exports for the expired portion Of
the cotton year are $780, IT'S bales, against COG 252
last year. The stock at all the ports is 49s,320
bales, against zsl, Sl4 for same date in 1871
NT"--sss --ss.s;ss - y THE FOREIGN MARKET
The London Quotations show nearer quotations.
for both kinds of consols, dulness and steadincss
In United States bonds and an active improvement
In Eres which last advanced to and closed at 81,
with reports Of further failures among the "bear'
spectators. The price 81 IL equivalent to about 63
In this market The street rate for money in Lon
don on prime colatcrals was Y per cent below the
bank rate Of per cent. 49, 49, A'-s....-..,
~'..&~;r- TIE BANK STATEMENT. -
The weekly statement Of the associated banks is
favorable. thanks to the government disburse
ments OF coin in prepayment Of the January inter-
est, which were ample enough to more than coun-
Jerbalance heavy decrease in grsenbacks, the re-
suit, it il now known, Of locking-up movement
On the part OF clique spectators at the Stock Elk.
change. The legal tenders are down three and
half millions and the specie has increased four and
half millions, so that with decrease in deposits
Of $4,000 A-
THE SURPLUS RESERVE ~
OF the banks has been increased good million
1T B objected that the strengthening OF the reserves
has been made by specie only but 1t should be re-
membered that for many months to come the banks
will have little need to ship currency so that their
enlargement OF credit may be made just az well
.upon reserve OF gold as upon one of greenbacks
Furthermore the greenback average is rising one.
and the banks are really better on than they SEEM
~ the present comparison is made with their stu
alton week ago, when they were really weaker
than they appeared In the statement OF that occa-
sion. At the same time
THE SPECIE AvERAoE
ls rising one, although the result may not he 50
Important in this respect for the reason that the
specie shipments Of the past three four days On
Guiding today will count against the steady daily
disbursements Of coin by the Sub Treasury. The
statement compares with its predecessor a. fol.