New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-08
Of the premium

Foreign exchange during the week has been fear
fully demoralzed and under the heavy pressure
of borrowed bills sterling has sold down 80 low as
for time 70 give rise TO some talk about I'M
portations Of gold this way. So long there was
any danger of trouble in the cash gold deliveries
sterling was completely out of joint. but with ealer
terms for lending and the sharp break in the price
rates rebounded and all classes Of bills became
quick Of sale at i reaction Of pretty nearly one per
cent a. the two extremes Of the week.
The movement IN gold found its echo in
money. rates on call loan having been forced up as
high "a 1-16 of one per cent bonus, at which many
borrowers met their engagements even on pledge OF
stock collateral The later striDgency has checked
dealings ~ commercial paper and rates are nominal
because buyers prefer to use their capital on call
There has been another active business IN cotton,
and further advance in the price chiefly for rea-
son set forth in our review Of last Monday. The
market closed on the basis of 49, cents for Low Mid
5lpgs The receipts At all the ports reached 1886
bales against 81 bales last week 1O5i1 bales the
previous week and l0.5s1 bales for the week ending
Aug O. The total receipts for the expired portion OF
the cotton wear sept are $3.50 bales against 1854
bales the same tame previous year, decrease Of
4-69s bales The exports for the week were 1852
bales, against 2055 year agO--an increase of 39J7
bales. The total stocks on hands are 75.0l7 bales.
against -. 4Jl bales year agOsn increase Of 3Otlb
bales The total stocks IN the interior towns are
IOO3 bales. against = "a bales time last year,
an increase of 5,29 bales The total quantity OF
cotton IN sight amounts 70 2027,5jJ bales, against
214lGj bales last year at the same tme-a decrease
of 1868 bales. The weekly exports FROM the port Of
NewY York amount 20 1868 bales. against 9'59 bales
last week a decrease Of s. 1886 bales.
Government bonds have followed de course Of
xold during the week. and prices have declined all
over The list Railroad bonds were trIn and IN de-
mand. The Southern State bonds were nominal.
Affairs on the Stock Exchange Monday were Of
afavorable character aud IA the early part OF that
day a considerable advance was established The
unsteady course N money, however. caused great
irregularity in the later dealings. AID tue Unecr-
tainty eliminated on Friday IL serious break Ia
some shares. ths decline beng shown in
tbe tables below IL il fact well worthy
of attention that the favOntes known 30 he baked
nv prominent parties did not move with the down
ward tendency Of other stocks. The most prominent
of this class of stocks were Lake Shore, New York
Central Western Union and Harlem while on The OPP
poite side Hannibal and ST. Joseph, ST. Paul North
West and Wabash were conspicuous Tor weakness
and depression. The last-Baned moved up early IN
the week from 6ss TO 10, owing TO the EFFORTS OF
parties controlling the greater portion OF the stocS
70 create belief that a contest was gong Oh 4OI the
control Of the next election The effort failed, now
ever and marked decline ensued. The inhnitesimal
dividend Erie had effect upon that stock "hich
kas moved wholly 10 accord with the London mafAeI