New-York tribune., 1873-06-16


Notwithstanding the excitement over an autici-
pated corner in cotton the general trade Of the city
has been of only fair proportions and with but mod
crate changes. In brcadstuits good movement Is
reported-nOt unusual at this season Of the year.
Flour has declined through all the different grades
less from the freedom OF receipts than pressure to
sell Wheat has been, perhaps, frner, while yet
irregular but closing lower, the movement IN other
cereals being of 10 special significance. Ocean
freights have been moderately active at tull rates
on moderate shipments of breaGs,uis, sc. fairly
active business is reported in groceries particularly
noticeable after the late period OF inactivity
The drygoods market has approached that
stanation in trade which marks the adj
vent of Summer and all the various fabrics
have been dull both domestic and foreign.
The unsatisfactory trade of the last year in this line
leads to the belief that the Fall will bring
more liberal distribution. Cotton has been greatly
excited during the week. and sharp advance has
been the result of the speculative combinations in
this staple, the market closing on the basis Of l9ic
for low middlings, against 1S.c. week ago. The
receipts at all thcpOrts for the week were 1923 bales
against 2j13O last week; 3O,9JG bales the previous
week and Il OOl bales for the week ending May %
The total receipts for the expired portion of the cot
ton year are 3,456,jO9 bales against 267S,Aj bales
same time previous year. an increase of S,4ji bales
The exports for the week 80 476 bales, against
1851 a wear ago-an increase Of 1925 bales. The
total stocks on hand are 227ji3 bales against 1GG&
bales year ago-an increase of $500 bales The
total stocks in the interior towns are 50S00 bales
against 14G43 bales same time last year-an increase
of G158 bales The total quantity Of cotton in sight
amounts to $50 bales. against 2Gj0,777 bales
year ago-an increase compared with that year of
l71,Sl2 bales.
The movements in Wall Street have not been ma
terially important, the financial sky having been
unclouded from Monday morning TO Saturday night,
and the surface of speculation unruhled by even a
ripple The week may DO briefly summed up as
follows: Declining gold, rising bonds, a bullish
sentiment in stocks at the close Of the week and
easy money. We must quote the bulk of negotia-
tions in money call at and per cent among the
borrowers on pledge of ordinary Stock Exchange
collateral, with daily offerings low 8, usually
after the brokers had made up their accounts
Prime mercantile paper has been selling at @! to Ia
"A per cent and money on time has been freely
offered ford to months at and per cent The
declensiOn of stock speculation, as shown in the
diminution of the daily sales published at the head
Of this column, has made the occasion for the use
of money less, so that with the rapid
accumulation of funds sent here for employment
usual in the Summer months, the market has be-
come gutted Ii has not however particularly
assisted the stock movement as will be seen in some
further remarks on that subject. The gold specula-
tion for higher prices has also met with check
during the week, and, instead Of further upward
career a reverse movement has set in, the price
descending gradually from lls to llG, the lowest
price being made to-day, though the decline created
no excitement whatever The occasion of the down
ward reaction is traceable to various causes among
y.It tI,.I r ~,
ury gold standing over the markets the decline in
the Bank Of England rate Of discount to Gpcr cent,
rendering the possible drain of specie from this side
more distant because OF the gain of G42 900 in bullion
during the week from other sources aud the further
reason that in the matter of the pending specula-
ton the clique have been outgenealed. Instead of
the promised squeeze Of a fortnight ago. holders Of
gold have been compelled to pay pretty severe in
terest charges TO have their gold carried The fu-
ture Of the market viii DO watched with great in
terest as developing the resources and brllancy of
the tactics Of the clique which is conducting tho
speculation for an advance. The Government bond
market has presented subjects for comment other
than those mentioned from day to day in this
column. The features have been, and still are, the
continuous demand from foreign bankers for
port and the difficulty Of filing such orders under