The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-05
GOLD QUIET AND FIRMER.
A Heavier Line of Merchandise Imports
aud Specie Exports for the
Week than Expected.
Tire LAKE SHORE DIVIDEND.
Stocks Dull, with a Closing De-
cline in Prices.

WALL STREET,
SATURDAY, Jan. +8 p. M.

WALL STREET,
SATURDAY, JAM 80 p. M.
On 'Change to-day cotton was quiet for ''spot"
and in moderate demand for culture, but at Lice.
3-l6c. per Id. easier rates. Flour more active
and frmer. White wheat and corn we're quiet, but
also firm.
THE IMPORTS OF THE WEEK.
The total imports Of foreign merchandise at this
port during the past week were s8,2s6, 9O4 made
up of ST. 400 CAB OF dry goods and 261 OF gen.
eral merchandise.
THE COTTON MOVEMENT.
The receipts Of cotton at all the ports for the past
week were lo4 1903 bales, against 103 443 bales the
previous week. The total receipts since Septem-
Der l. 1872 1734 219 bales against 412 bales
for the same period Of last year, showing an in
crease in
THE PRESENT CROP
OF 247 s07 bales. The exports from all the ports for
the week were H. 0O3 bales against 40 922 bales last
year, The total exports for the expired portion of
the cotton year 9o2 4s2 beles, against y37,912
bales last year. The stock at all the ports is 972
bales, against 500 1870 bales for date in ls72S
THE FOKEIGNAMARKET.
The London quotations show steadiness In
United States bonds at the recent advance, and an
Improvement of y y per cent in consols for the
account the street rate for money on prime COL
laterals being quoted at 81 a per cent against
Inferred will be lowered at the next meeting OF
the directors Erie opened at jump to 615, but
Eeceeded to 51h, the latter being equivalent to
o8h in this market. The failure OF q London firm
doing business in Manchester goods is reported by
the cable, the liabilities being variously reported
ct million to million and a half sterling.
MONEY EASIER.
The money market was easier even for .Satur-
day, on which day, by some curious law Of our
local finances, the supply Is usually more
abundant than on other days OF the week. The
orst dealings call were at 1872 and occasional
borrower paid as high as 1-16 with possibly, per
cent besides; but as the day wore the offerings
ceeded the demand, and by three O'Clock the quo
tation closed as fairly as could be at per cent.
As on Friday. the relaxation was still regarded
with suspicion, but the fact was indisputable and
lnobviable that borrowers were able to make up
their bank accounts quite cheap terms, although
u is hardly probable that the rate would have
hllen below per cent had they all waited
until q quarter of three O'Clock. Commercial
paper was nominally quoted 10 a IL per cent dis
count. Foreign exchange was unchanged.
THE BANK STATEMENT.
The bank statement is quite favorable, and the
weeks result OF the banking movement encourages
the expectation OF an easier working OF the money
market. The return OF currency to this centre Is
reflected in small gain in legal tenders the aver
age Of which is rising one while the coin payments
by the government on account of January interest
have added further instament OF two and q quar-
ter millions to the item OF reserve. The stronger
position in which the banks find themselves has
allowed them to extend their loans three mil
lions, which, with the gain in reserve already re-
ferred to, appears in an increase OF i've and quar-
ter millions in the deposits. The statement COM
pares with Its predecessor as follows:-