The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-27
A Good Statement from the Banks, the
Atlantic National Excepted.
GAIN OF A MILLION LEGAL TENDERS.
The Gold Market Steady and
Speculation Quiet.
Firmness in Government Bonds--Fo reign
Exchange Heavy-Advance in Union
Pacific Land Grants-The Cotton
and Specie Movement and
Imports for the Week.
WALL STREET,
SATURDAY, April 26-6 p. MI


SATURDAY, April 26-6 P. M
On 'Change to-day cotton continued quiet and
steady for "spot,n while "futures" were in better
demand and shade 1rmer. Flour was quiet and
steady. Wheat was also quiet but firm. Corn
was in fair demand, and again frmer.
THE IMPORTS OF THE WEEK.
The total imports of foreign merchandise at the
port OF New York during the past week were Of the
specie value OF $40 $40 1863 made up OF s2Oss74s Of
dry goods and $s252, 015 OF general merchandise.
THE COTTON MOVEMENT.
The total receipts of cotton at all the ports for
the past week were 46,373 bales, against $3.50
bales the previous week, making the total receipts
since September l. 1872, 3,209S9S bales. against
1864, 1852 bales last yearan increase in the present
crop OF CAS- 246 bales The exports from all the
ports during the week were 6o,S72 bales, against
2s,97l bales for the period last year. The total
exports for the expired portion OF the cotton year
are 900 bales, against 1746,S25 bales last year.
The stock at all the ports is 4S9 664 bales against
279,1S4 bales in 1872.
THE FOREIGN MARKET
The London quotations opened u higher for
cOnsos, but the Improvement was subsequently
lost The slXty-sevens remained steady, but the
ten-forties declined 4 and the new fves y per
cent during the course of the day. Erie shares
were fraction better and quiet.
MONEY EASY.
The money market was easier and steady. The
rate on call ranged from 1854 and interest to Mon
day equivalent to about 10 per cent per annum to
6per cent, the quotation closing a per cent
quite while before three O'Clock. Commercial
paper quoted q II per cent discount for prime
names. Foreign exchange was nominally I'M
changed, at 1925 for prime bankers sixty-day
sterling and 1881 for sight bills; but the market
was heavy in tone and dull
THE BANK STATEMENT.
The weekly statement of the associated banks is
favorable, and shows a gain Of nearly three
now only about $500 600 less than the 25 per cent
required by law In fact, the national banks In
the Clearing House really hold about $500, 900
surplus above the legal reserve, the deficiency OF
$500 900 being with the State banks in the
organization. The statement, for some
reconcile reason. continues to conceal the
arrivals Of currency at this centre, the
receipts for the week. according to the reports of
the express companies, having been IS, 5oo,o 0o
while the increase in deposits is about 81, 000,000
The statement Of the banks is, as we know,
an average of their condition for the week;
but it is hard to understand why so
large an influx Of money has made SO little an i'm
preston upon the deposits 1t is consoling to
know however, that 'next week" the statement
Will tell the truth more approximately The state
ment compares with its predecessor Of the pre-
vfnus week az follOWS.-