The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-16
FINANCIAL and COMMERCIAL.
Money Active at az Lower
Range of Rates.
THE USUAL SATURDAY RELAXATION
Another Heavy Importation.
Of Foreign Goods.
A Further Advance OF a
PoiatIn Gold.
A BAD BANK STATEMENT.
Tho Reserves Of the Banks q Million and q
Quarter Below the Required Legal Limit.
DECLINE IN THE STOCK MARKET.
A ~Break" of Over Two Per Cent
in Pacific Mail
Government Bonds Strong-The Cotton
and Specie Movements "A Tum-
BILE in New Mariposa
Tho Reserves Of the Banks q Million and q
Quarter Below the Required Legal Limit.
DECLINE IN THE STOCK MARKET.
A "Break" of Over Two Per Cent
in Pacific Mail.
Government Bonds Strong-The Cotton
and Specie Movements Tum-
BILE in New Mariposa.
WALL STREET, /
SATURDAY. Feb. 15-6 z. MI. I

1
SATURDAY, Feb. 15-S P. MI
On Change to-day cotton was dull and nominal
Tor lots on the spot but in moderate demand for
futures at 1-16c. to &c. per ID. Improvement. Re-
celpts at the ports to-day 1870 bales. Flour re-
NAMED dull, bat prices were not quotably changed.
Wheat and corn were also dull
THE IMPORTS OF THE WEEK.
The total imports Of foreign goods at this port
during the past week were $11, 1868. made up Of
$5O95, S45 OF dry goods and $6,26s,523 of general
merchandise. This is the largest weekly importa-
ton OF the season. and about the third largest In
The history of our foreign trade.
THE COTTON MOVEMENT.
The receipts Of cotton at all the ports for the
gpast week were 1872 O52 bales against 1854 bales
the previous week. The total receipts since Sep
TENDER 1872 are 25O1 56S bales, against 2o9 1876
for the same period OF last year, showing an in
crease In
THE PRESENT CROP
Of 4O;sf2 bales. The exports from all the ports for
the week were 123, $50 bales, against 76,459 last
year. The total exports for the expired portion of
the cotton year 1861 bales against 1152,074
last year The stock at all the ports is 563 bales.
against 574, 800 at the same date in 1872.
MONEY ACTIVE
The money market was active at concession OF
a-64 1872, in addition to per cent until after two
O'Clock when the usual Saturday relaxation &C.
cured, and loans were made at as low as per
cent. Before three O'Clock fresh demand carried
the rates up to a per cent again. Mercantile
paper was neglected and quoted 8 a 10 per cent
discount. Foreign exchange was steady and dull on
the basis of for prime bankers sixty day sterling
and ITO for sightbil
THE BANK STATEMENT.
For the third time in their history and the nrst
ct this season of the year, when money usually Is
abundant at this centre, the banks are below the
due OF their legal reserve, the deficit being
ST. 10000. The reason of this is seen in the bank
statement for the past week, which shows loss OF
nearly Ave millions in reserve against decrease
OF less than six millions in liabilities. The loss on
reserve Is made up of nearly equal loss in specie
and legal tenders, both Of which, furthermore are
Ealing averages, so that the banks are really
poorer than represented in the statement. The
decrease of two and half millions in specie Is
fcrable to the heavy payments for customs during
the week, even without the suspected
LOCKING UP OF GOLD
BY the clique in the Gold Room. The outflow OF
currency the West is reflected IN the decrease In
legal tenders in which item there is quite proba-
bly, locking up movement also by speculative
combinations whose intentions were detected and
revealed to the public by the HERALD early in the
past week. The contraction In loans Is about two
and half millions, which is probably rising aver
age, as the banks began to take In sail only when
they discovered the sudden
INRoAD ON THEIR RESERVES.
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