New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-06-23
sArrRpAY. June 2l-r. ".

SATURDAY. June PIP VI.
The week ending to-day has been a very quiet one
in the general trade of the city, with prospect OF
change for the better anil after the first week OF
July when wider distribution IS expected. Ocean
freights have been fairly active and higher. In
breadstuls -four has continued Its declining move
ment. and very low prices were touched. Corn was
also lower but wheat active on steadier quota
tons. fair trade was done in groceries at salts
factory prices. The dry goods market continues
tame. and the departure of NEWCOMERS for Summer
retreats has checked the demand except for the
lighter textures No very material change has oc-
Cured in cotton. and business has been gmot, mo
market closing on the basis of Doc. for Low Mid
dlngs The receipts at all the ports for the week
were 1862 bales, against 1888 last week; 25l3O
bolcs the previous week and 1896 bales for the
week ending May 30. The total receipts for the eX
pired portion of the cotton year 3475,SS1
bales, against 2GS!2 95 bales same time pre-
vious year-an increase of 1885 bales The
exports for the week were 80 49, bales against 129jS
a wear ago-an increase Of 1892 bales. The total
stocks on hand are 4S2 bales against 1894 bales
a wear ago-an increase Of GojH bales. Inc total
stocksn the interior towns 1901 bales, against
13471 bales same time last year-an increase OF 9bO
bales The total quantity OF cotton in sight amounts
10 764l 1913 bales against 2,59,j2 bales year ago
an increase compared with that year Of 1851 bales.
In financial circles the chief events OF the week
were the declining tendencies of the various mar
kets gold recc1ing almost point, while stocks were
weak and depressed. The break in the latter was
in large degree occasOned by the disposition to press
stocks in view of the illness of
Horace +. CLARK. and to such an
extent that his sub sequent death failed to
influence the market to the extent it would proba-
bly, otherwise have done. Strange the fact may
appear to the uniuitiated, the discountng of the
death of prominent operator is common upon all
the bouTses of the world even the eminent Roths-
child lately deceased, having, 1t Is said, on being IN
formed of his inevitable doom, ordered his brokers
to go short of all the the speculative securities
in which he was publicly known to be interested
The course of money has shown no material vara-
ton from the previous week, the supply of avail
able funds being so far in excess of the require
ments of borrowers that the turn of the market
rules in their favor We may quote the more gen
eral call loan rates at four and five per cent, with
perhaps the preponderance of business at intennedi
ate figures though many loans were done at three
On one OF two occasions during the week. because
of some uuaccountable furry six and seven per cent
were paid exceptionally, the market quickly sub
siding into its normal condition. The banks have
been taking paper with some freedom but confne
their purchases 10 acceptances having not much
more than 90 days yet to run, in order that their
funds may be at their disposal TO meet the con-
tingencies of Autumn, and to avoid recurrence of
the protracted stringency OF January to May last.
The gold speculation has sought lower figures
the extreme range of the week being lGI and ll5.,
against l1G, the lowest price made last week. The
same causes have entered into the calculations IA
then the clique being sellers at the decline and
many long accounts closed out by reason of a
growing general disposition to accept lower prices
in view of Treasury disbursements of maturing
interest and Treasury operations in connection
able and encouraging condition of foreign
affairs has also been against an upward
speculation, United States bonds having been
held with a great degree of strength through
out the week. In the open London market
money has ruled below the minimum rate of dis
count at the Bank Of England (six per cent? this
institution making the large gain Of Gg93 900 bullion
for the week ending Thursday, and by 30 much
diminishing the chances of drain of specie from
this side. The foreign exchanges have not been
important. Government bonds have been unsettled
by the changes in the gold market. The decline of
gold has checked buyings by the foreign bankers,
and their withdrawal from the market has caused q
general dullness in dealings we'll over the counter
as at the Boards. There has been marked disparity
between bidding and asking quotations. and
while buyers were chary OF taking stocks,
holders were equally unwilling to name
figures at which they would sell. At present
quotations on both sides Of the ocean there il no
profit in trading The Southern state bonds have