New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-27

freights have embarrassed shippers. better de-
mand from retailers has produced partial revival
in the grocery trade while business in the dry
goods line continues very dull, the jobbing trade
being restricted TO the demand from nearby re-
taners. Stocks, which have been at no time this
season over large, well reduced by sales to
merchants In distant parts of the country before the
panic and prices are held steadily. With due caution
on the part of importers in connection with the re-
duced production Of our own cotton and wooden
mills, which are nearly all running on reduced time,
and the managers of some Of which contemplate the
complete closing Of their mills for time, it is not
likely that there will be any such glut in the dry
goods market will tend seriously to reduce prices
The cotton market continues dull, with decline
for the week of 1sc. " ID, low mddlng selling
at &c., and middling at Isle. The total
receipts OF cotton for the week ending Oct
a. amounted to 1OO,452 bales against 1886
bales for week ended Oct. IL 45,746 bales
for week ended Oct TO- and 52676 for previous week.
making the total receipts since 1st of September,
1873 S6l j bales against 5262i4 bales for the same
period IN 1872, and showing decrease of 164463
bales. The exports for the week were 26,i 2l bales
against 1886 for the corresponding week of 1872
and since Sept sos bales against 1s9 2S1 in 1872
The cotton in sight amounts to 205 9 bales against
252,S in 1872 This shows decrease Of %, AGA bales
in the exports Of the week. and Of $50 bales in the
quantity of cotton on hand.
The outlook of the money market and financial
situation has considerably improved during the
week. The banks appear to be gaining in currency
at the rate of about 100000 per day. and the vote
of the Clearing house Association to discontinue the
equalization or pooling" of the legal-tenders on
and after the 1st of November is pretty strong in
dication that the banks will very soon resume the
regular payment of currency to their depostors.
Indeed it is not difficult now to obtain currency
from the banks in reasonable amounts, when re-
qured for ordinary business purposes, and the coun
try banks have very generally resumed currency
payments. The banks are apparently affording as
liberal accommodations to the merchants as
their circumstances will permit and yet
during the greater part of the week first
class mercantile paper has sold at IS to "a
per cent per annum, II TO per cent per month
The week has developed nothing new i'll foreign OK
change unless 1t be advance in short sight result
ing from the advance in the Bank of England rate
of discount. The supply of cotton bills is better
The State bond market has been dull, with very few
transactions at the Board. Railway bonds have
been inactive, though those of the old and sub
stania roads have maintained themselves very well
and are in moderate investment demand. Govern
ment bonds have begun to show marked improve
ment and the gold market has been without feature
the price having ranged from l08 to 1857, the latter
being the moro general quotation to-day.
The market for railway and miscellaneous
shares has been feverish and attended by
quite wide variations in price, as will be
seen by our weekly table of quotations.
At times during the week there indications of
a revival of the upward speculation in this market,
but it appears that confidence in railway manage
ment as we'll as in other corporate trusts, has been
too seriously impaired by recent Developments to be
easily reinstated and to-day the market has been
almost as much given to the panic spirit as on
any day during the past five weeks. The de-
cline for the week has been from to per
cent In tho market to-day, for the hour
succeeding the opening. prices were strong holding
well TO those made last night, but as the spirit oil
distrust became infused a declining tendency be-
came quickly apparent, and then vigorous pressure
to sell Central and Lake Shore together with West
ern Union, and prices broke down one to five per
cent, Central touching the very low price OF S5s.
Why there should have been such extraordinary de-
preston in prices it is not to determine, since
no new damaging facts have been disclosed to the
public to-day affecting stocks though there were some
vague rumors concerning alleged irregularities IN
Toledo and Wabash, but nothing tangible one
theory to account for the decline IN the Vanderbilt
stocks runs to the effect that large amounts OF these
securities were forced upon the market to raise the
funds necessary to take up maturing loans due
to capitalists who refuse to renew and
another alleges that vigorous bear move
ment has been inauguIated and that stocks
were largely sold short to-day, which seems
very improbable in view of the fate that has over
taken nearly if not all the big bulls and bears In
their recent encounters so we are forced to the
conclusion that people sell stocks because they
do MT care to hold them any longer, and that the
selling depresses the price. The tables below tell
the stor, of the market, if looked upon in connec-
ton with the printed sales at the head of the col
umn The opening, highest, lowest and closing
prices of active stocks were as follows: