The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-04-06
Further Relaxation in the
Money Market.
The Last Rate on Call Equivalent to
About Is Per Cent.
A BAD" BANK STATEMENT
Below the Reserve About Three
and q Quarter Millions.
The Deficiency Made by Locking
Up Legal Tenders.
THE STOCK MARKET DuLr AND FIRM.
The Gold Clique Make a
Further Demonstration.
The Price Advances to Il9 l-S
and Closes at 10.
WALL STREET,

SATURDAY, April So NJ.
On 'Change to-day cotton was quiet, but &c per
B nrmer for spot and &c. &c. per h. better for
future. Flour continued duh and weak Wheat
was dun and nominal, while corn was quiet and
easy.
THE IMPORTS OF THE WEEK.
The total imports OF foreign merchandise at the
port e New York for the past week were $7,576o73,
made up Of 81 104, O60 OF dry goods and $5472,0l3
Of general merchandise. This amount Is great
reduction from the previous week, when the i'm
ports footed up $13 SS5 000 1t is fair to estimate
that the present weeks figures have fallen Off
one to two millions in consequence OF the nom
arrival OF the cargo of the shipwrecked steamer
Atlantic.
TUE COTTON MOVEMENT.
The receipts OF cotton at all the ports during the
past week were 1861 bales, against 56,0l5 bales
the previous week, making the total receipts since
September ], 1872 3059,435 bales against 2464 22S
bales last year, increase IN the present crop of
sos, POT bales. The exports from all the ports for
the week 49076 bales, against 81 $50 bales for
the same period OF 1872 The total exports for the
expired portion Of the cotton year are 1,s97,939
bales, against 1917 342 bales last year. The stock
ut all the ports 5IS 125 bales against 400 bales
h1s72
THE FOREIGN MARKET.
The London market has been lower for consols
and United States bonds, despite the non-advance-
ment of the Bank OF England rate of discount, the
minimum Of which continues to be per cent.
The ten-forties were exceptionally strong and q
per cent, for reasons which do not appear. Erie
shares were heavy and tribe lower. In Paris
French rentes were easier at 55.97.
MONEY EASIER.
The money market was easier, and the rates on
call ranged from SIG the highest extreme to
per cent coin as the lowest. The fractional rates.
or commissions" were paid for the two days to
Monday, SO that the market was easier than at
6rst sight it would appear to be from the terms
for call loans. The decline to per cent coin oc-
Cured at about quarter to three O'Clock. The
last quotation was lie lie and interest
Foreign exchange was dull and nominal rates
we're unaltered at 1918 for prime bankers sixty
day sterling and 1885 for sight bills.
THE BANK STATEMENT.
The weekly statement of the associated banks is
the worst ever presented in their history, thanks
70 the success OF the '1ocking-up" conspiracy,
BY which nearly four millions of greenbacks
was withheld from the banks as means
TO assist the ''money clique" in forcing the
extravagant rates which prevailed during the
past week. The banks are now three and
quarter million dollars below the line OF reserve.
which, under the laws OF Congress. they should hold
against their present liabilities. Nor on this occa
sion can the fault be laid to the State banks,
which are really better of than the nationals the
latter being behindhand over two millions. The
statement is made, IL is thought, on rising aver
ages, so that the clique have probably done their
worst. The totals or this week compare with those
loot yook foil