New-York tribune., 1872-09-16
SATURDAY, Sept. 1i-p. m


The general trade of the city during the past
week has been in good degree active the season open
ing with considerable spirit. The unfavorabe outlook
I'm money does not interfere with payments and colec-
tons are made promptly, merchants generally doing
driving trade. The breadsuds market has barely held
up in the leading staples. The trade groceries has
only been moderate. but general Improvement In
prices has been noticed in nearly all classes The
heavy failures in Baltimore and the suspension Of
heavy tea house have had different effect upon prices,
though 1t remains to be whether these suspensions
will affect the future markets. The cotton market mas
been declining one with general depression all over,
the more marked run down being in "spots," though
futures" those maturing sooneso were also affected.
owing to the rapid arrivals of new crop cot
ton tho recepts at all the ports for the
week amounting to 29625 bales or since the beginning
of tho new cotton year 42.9 balesnearly double the
amount OF receipts for the same time last year. The
exports 537 bales The more threatening aspects
of the Eastern trade here somewhat unsettled and
mixed up the condition OF affairs abroad, and in this
element OF weakness found The theory OF short
crop the coming year finds many believers and ad-
herents, and this TO give to the market
a firm undertone. We quote the market at
the close steady at the decline and on the
basis OF about 2lsc. for middling uplands. The
movement in dry goods for tho past six days has been
liberal. interior buyers having put in an appearance
and purchased quite literally the approach OF Winter
and it's expected demand In cotton goods good busl
ness has to beached and unDeached fabrics good
selection OF piece goods has been made and fair
ment I'm Fall packages. There has been better trade
I'm wooens, the inquiry running principally to medium
and better grades. There has been little change to
In foreign fabrics from last week, though a
good demand is reported for all descriptions.
The movements in Walst during the week just closed
have not been OF startling nature. Briefly, stocks have
been irregular gold duh and steady and Governments
slightly higher and strong at the close. The chief inter-
est of the street cenered In the money market and
although demand loans have been readily negotiated
at 4 to per cent, yet much concern has been felt
I'm financial circles TO Its future This appre
henson OF causing strlngency has induced capitalists
to hold their ready money we'll In hand In order that
they may control 1t whenever the occasion demands
The legal tender averages OF the city banks only
about $4,000 OOC-a decrease from last year of fully
sOOOOOO As yet the banks have scarcely felt tho full
effect OF the Western movement. During the week. the
city institutions have been remittng freely TO the West
as well as TO the NewEngand and Middle States and
also TO contiguous cities. The banks In the Western re-
demption cities In less gratifying position than last
year, The three per cent certificates have been, IL Is true
qudated within twenty months TO the amount OF upward
OF S3OOOOOO These retired as the new banks issue
national notes. which naturally float to the redemption
cities The banks issuing the notes required TO main
tain reserve equal per cent In gold greenbaoks
Consequently the currency contraction Is twofold; for
the cancellation OF the per cents involves withdrawal
OF legal tenders to the amount required reserve. II Is
to bo regretted under tho circumstances that the city
banks arc trfnchng closely upon their forces
10 Is gratifying, hO9eyer, 90 know Itbat the lock-
up operations with which Wallst. for years
has been periodically treated will DO ayerted as tho rules