New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-23
TO CLOSE OF BUSINESS,
SALES FROM
sATrRpAY. Dec. 21-P. N.


The general trade of the city has ruled quiet
during the week, and presented but few new FEATURES
The retail trade OF course has been lively enough, aud
holiday goods have represented enormous business.
but among the wholesale houses there is very little
animation The movement in cotton has been fairly
active and spot cotton shows an advance over last
weeks quotations The total receipts at oil the ports
for the past week 125S5 bales against l256I bales
last week. 1898 bales the previous week. and lSI29
bales three weeks since, making the total receipts since
the LIST Of September 1872 52922o bales against os79
bales for the same period of 1871 showing increase
since Sent l. this year. Of 2S M bales The exports for
the week ending last evening 1880 bales Of which
1854 we're to Great Britain 55s to France and 1908 to
the rest Of the Continent while the stocks as made up
last evening were i9i ll3 bales.
The events of the week in financial circles were unusu
ally important The. stringency in money has contn-
ued and with greater severity than last week AS
high as per cent and interest was paid at one time la
per cent having been quite common. Beside the nat
ura influences sufficient Of Themselves to create dis
turbance in the money market, the Treasury Depart
ment has aggravated the existing state OF affairs by
making another call on the Banks OF Commerce and
Fourth National for 2i6 legal tenders deposited in
those institutions Oct for the purpose then Of resor
ing ease 10 the market; and by selling 100000 gold on
Thursday, when there were no bonds purchased on
Wednesday TO Offset the effect OF the gold SALE The
strngency viii doubtless lie aleviated by the dis
OF moneys Tor interest, ana uNlueDus &C.,
now making and TO be made, shortly The price OF gold
declined under this influence from 1929 to 1li, the fail
ure OF the cash gold squeeze also contributing It's quota
Al one time ld5l6 was paid for the use OF gold,
hut later holders Of coin paid considers
ton 10 have the same carried. The for
eign exchanges though for time unsteady,
on account Of the high for cash gold. were adj
yance yesterday 1903 for long sterling and TO l0
for short sight bills Commercial bills and in
demand, Government bonds have gradually reduced
from 10 per cent IN sympathy with gold and the 40
tyity In money but close with steader feeling under
the prospective inquiry growing out of the large amount
OF money 10 be disbursed at the opening Of the new
year. Cther investment securities were firm, notably
ra,lrOadSSoaas which arc IN active demand.
Speculation the Stock Exchange displayed increased
animation and activity and the enlarged business Gov
cred wider range OF shares than last week The two
special features were Pacific Mail and Erie The former
opened at IN and advanced TO s2i before any serious
break In the price occurred. On Friday morning
tho price touched "a, but has since reacted
10 7Qf The stock has been Influenced by
many reports and rumors, among which was one that
o. 10000 bonds were ~ be issued for the purpose OF
building new steamers etc. ana another TO the effect
that Jay Gould was to become President OF tho Com
pany But other and more important causes have been
at work TO produce the startling fluctuations noted dur
ing the week, and the immense volume OF
business In the shares proves that the public