New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-31
SATURDAY, March 29-P. NJ.


The week closing to-day has been an extremely
unpleasant one, and with one exception, every day
has been rainy and raw, thereby checking the slight
progress made last week in the Spring trade. While
the general trade of the city has been quiet, the
movement of the week shows a slight improvement
in the prices Of the leading domestic staples Pro-
visions have been higher in the main, though some
what irregular Ocean freights have been quiet but
rather higher Breadstufis were in moderate actlv-
itv, with stronger tone noted in groceries. The
cotton market has been quiet, and no extraordinary
feature has been developed, prices seemingly
being controlled by Liverpool. The pIice has
varied in accordance with the quotations there
closing quotations here for low mddlngs
being Isle The receipts for the week were
Sc Ol5 bales against 74l9j last week e3433 the pre-
cedng week, and 50, 1907 bales for the week ending
March s. The receipts since Sept /, 49, were
SOL ,OjG bales against 2,4270i7 same time previous
year, an increase of 5S31O0 bales. The exports for
the week were 1866 bales against 5000 same time
q wear ago. decrease Of 1921 bales The total
stocks on hand amount to 5260i5 bales, against
30710l bales same time last year, an increase of
1854 bales. The total stocks in the interior towns
are 1O5 40 bales against 7O9G7 same time in 1872,
increase of 81 ALB bales The total quantity of cotton
in sight is ., 1923 bales, against 2iO57 same time
II
In dry goods there was less doing than had been
reasonably anticipated while for foreign merchan-
disc there has been scarcely any demand, and what
little movement there was reported run pretty ex-
clusively to domestic lines cotton goods being lower
as the staple declined, while woolens without
material change.
The week in Wall-st has not been particularly
exciting and the salient features have been active
money, strong and higher gold, buoyant United
States bonds and dull stock speculation the total
business of the week barely reaching threequarters
of a million shares. Money has been active from
the start on Monday morning, and since that day,
during which call loans commanded thTty-s6cOnd
and interest theruingrate has been sixteenth with
exceptions as high eighth and interest Against
such rates as per cent a month successful bull
speculation was almost impossible. The movement
apparently has been very little influenced by the
daily course of Mr. Richardson in regard to the
S44 100000 legal tenders and the amount outs tand
ing tonight is 1855 10000 against S3jS 10000 last
Saturday night. The banks have been making
preparations for the first OF April settlements and
were at times renting to the interior but not in
such quantities TO particularly affect the situa-
ton, though in view of the strong speculation in
gold it is more than probable the market has been
tempered with by outsiders, who have an object to
As we have from time TO time mentioned,
large amount of the money required in
CARRYING stock returns comes from borrowed bills
of Exchange London bankers having lent their
credits here TO extent estimated at from $4,000
600 to 100000. The amount may be Overesti-
mated but it large; and serious
doubts are expressed in certain quarters-whether
well founded or not we do not undertake to deter
mine-as to the renewal of these bills as they ma
ture. Should the whole amount, oreyeu the greater
part of il. be required at maturity, it is not difficult
TO see that the effect upon the gold market would be
very serious indeed The increase TO per cent of
the discount rate of the Bank of England was doubt
less made for the purpose OF checking the
immense outflow of specie from the
bank to Germany and the Continent, the
extent Of which can be somewhat estimated in the
decrease of bullion in the Bank vaults of E9I5,OO0
sterling for the week (rhe Bank of France gained
600 900 francs in the same time In certain quar-
tiers, however, il was Thought that the rate was ad-
yanced as note of warning 10 the flyers Of exchange
kites species of business which as have already
intimated, is being carried to inordinate extent
Just now, aud which. II perSisted in, may result IL