The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-02
The Weeks Imports Of Merchandise
and Exports Of Specie.
A BAD BANK STATEMENT.
Loss of Over Two Millions
in Surplus Reserve.
BuoYANcy IN the STOCK MARKET.
Advance in Western Union, Rock Island,
Erie, and Boston, Hartford and Erie.
WALL STREET,


Tt WALL STREET,
SATURDAY, Feb 1-6 +. NJ.
On 'Change to-day cotton was quiet both for spot
and future, and the market was easier. The re-
seipts at the ports to-day were 1855 bales Flour
ruled quiet, but some grades commanded rather
better prices. Wheat and corn were likewise quiet
but firm, iull prices being demanded.
THE IMPORTS OF THE WEEK.
The total imports OF foreign goods at this port
during the past week were s9,661,59s, made up Of
S3,4ll go of dry goods and $6,25O,37s Of general
merchandise.
THE COTTON MOVEMENT.
The receipts of cotton at all the ports for the past
week were ia, GIG bales against 135,49S bales the
previous week. The total receipts since September
l. 1872 225s,337 bales. against 191e47s for the
same period Of last year, showing an increase IN
THE PRESENT CROP
of $50, 1858 bales The exports from all the ports for
the week s941O bales, against 49, 1888 last year.
The total exports for the expired portion Of the
cotton year are 1,26O,S4O bales, against 1ol4,1lo
last year. The stock at all the ports is 55l,S75
bales, against SOS, GOT for same date in 1872
THE NATIONAL DEBT.
The national debt statement for the month just
closed shows an increase Of $406,243, which is re-
ierred by Mr.. Boutwell, to continued heavy dis
The net debt now stands at 50, 1872 65s, 5S1.
THE SYNDICATE AND THE NEW LOAN.
The Syndicate made official announcement to-day
throughout Europe and America that the books Of
subscription for the new five per cents would re.
main open only during the four days from February
4 to February inclusive. deposit OF per cent
will be required with each subscription. An addi-
tiona per cent must be paid at the time Of alot-
ment 40 per cent on the lst of May and the remain
ing so per cent on the LIST OF June. curious fea-
ture IN connection with the new 1ves in
THE FOREIGN MARKET
ls the commencement OF speculation already in the
scrip OF the aotments for which, 1t is reported, 4
per cent is bid in London. The prices OF consols
come steady, and those of our bonds e lower all
around, except for ten-forties, which were I'M
changed. Erie shares were active, II not excited,
and advanced to 53s, but closed at 531a French
rentes were buoyant in Paris and rose to $500.
The advertisement Of the Syndicate will be found
In an adjoining column.
MONEY EASIER.
The money market was active at per cent dur.
Ing the earlier portion Of the day, and good deal
of business was done at per cent coin. In short,
the rate on stocks was a coin, and on govern:
ments az per cent. By halfpast two O'Clock the
demaud relaxed and the rate began declining until
It reached per cent before the close OF banking
hours. Mercantile paper was steady, with rates
rs previously reported. Foreign exchange was
puiet, but rather frmer for sixty day bills which
were worth lO9,S. The Secretary Of the Treasury
has called in $esoooo Of the per cent certincares
On which interest will cease March 81.
THE BANK STATEMENT.
The weekly statement Of the associated banks ID
pute unfavorable, owing chiefly to loss Of nearly
Two millions IN reserve, the effect Of which has
been to impair the surplus to the extent OF
over two millions of dollars. The statement
represents the banks IN o poorer condition than
they really are as the several items composing 1t
are, made upon rising averages. 1t is, In fact,
more indicative of their condition week ago,
modified by the gradual effect oil the average of the
results in the meantime. 1t will be remembered
that we called attention to the TACT last week that
the condition of the banks at that time would be
more nearly represented in the statement Of this
week. Hence
THE LOSS IN SPECIE,
It appears, is as much as one and three quarter
millions, because OF the heavy specie exports a
week ago. We said on that occasion that the
banks had lost instead Of gained greenbacks, and
the present result verl1es our assertion. The ex-
pansion in loans has been not far from five mil
lions while the gain In deposit has been less than
half million. In respect, therefore, to these two
items the statement is illogical. unless we accept
the theory that the gold clique, in shipping gold
borrowed money from the banks on the equivalent
bills OF exchange, that the outgo orcoh can
celled the credits OF the clique and prevented the
loans from appearing as deposits. The statement
compares with its predecessor as iolows:-