The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-05-04
The General List Sympathizes, but Receivers
and Closes Strong,
THE GOLD MARKET STEADY
4 Bank Statement Of the Olden Time
Nearly Three Millions of Surplus Re-
serve-Government Bonds Quiet
Advance in Foreign Exchange.
WALL STREET,

SATURDAY, May Sc p. M.
On Change to-day cotton was dull and nominal
for spot. but in moderate demand for futures, at
slightly easier rates. Flour remained quiet, but
steady. Wheat and corn were in limited request,
but firm.
THE IMPORTS THE WEEK.
The total imports OF foreign merchandise at the
port OF New York for the past week were SO 1857,
made up OF ST. 42s OF dry goods and S. $3.50 Of
general merchandise.
THE COTTON MOVEMENT.
The total receipts OF cotton at all the ports for
the past week were As, 046 bales, against 46,373
bales the previous week, making the total receipts
since September l, 1872, 3,257,944 bales against
1858 200 bales last yearan Increase in the present
crop OF 645, 46 bales The exports from all the
ports during the week were 59,622 bales against
83,022 bales for the same period last year. The
total exports for the expired portion OF the cotton
year 1885, 522 bales against 1,77ss47 bales last
year. The stock al all the ports is AIS, 43S bales,
against 25S,93S bales In 1872.
THE FOREIGN MARKET.
The London quotations were steady for consols
and United States bonds. Erie shares were strong
and advanced about half per cent. The new
French loan improved to 5l per cent premium,
but fell or at the close to per cent premium. A
cable report from Berlin announces that the Bank
Of Prussia has raised the rate of discount from to
6per cent.
MONEY EASIER.
The money market was easier with, toward the
close, a pressure to lend which revealed an unex-
pected abundance Of money in the hands Of
brokers' The opening rate on call was 1872 a Lie,
with the bulk OF business early in the day at
new quotation among stock houses, viz, 1854
As all the commissions were paid for
the two days TO Monday the highest ex.
treme OF the day was equivalent to about
Is per cent per annum. After TWO O'Clock the rate
fell quite rapidly, and by the close Of banking hours
money was offered at per cent. Foreign ex-
change was 1rmer, and the leading drawers ad-
vanced the rates for sixty-day sterling to 10sA
for sight to 1925. The outstanding extra green
backs have been contracted $4,000 since yester-
day, and now amount to the even $1,000, 900.
GOOD BANK STATEMENT
The weekly statement OF the associated banks is
the most favorable in several months, the gain in
resources having been large enough not only to
take the reserve acrose the line, but to create
nearly three millions OF surplus, the latter luxury
being quite novelty. The increase in deposits
begins at length to reject the heavy receipts of
currency from the interior, but without yet
doing full justice TO their abundance. The gain
In specie-showing the payment Of the May inter-
est on the public debt-and in legal tenders is
about five Millions The banks have been so much
encouraged by their acquisition OF strength as to
enlarge their loans about million and hall. The
statement compares with It's predecessor of last