New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-24
SArrRpAY. March or. ".


The general trade of the city during the week has
developed no new features of interest, nor Will any
special activity of moment be likely TO take place
until navigation is fairly opened Breadstuils have
been in fair demand both for home and foreign ac
count though the receipts are barely mp to the aver
AGE standard Groceries have moved with moderate
activity, but on the whole lower basis Of prices
has been noticed In the dry goods trade there was
a good movement in the early days of the week.
which was subsequently depressed by the prevalence
of the equinoctIa storm The cotton market has been
active and excited all the week and the price az the
close is still declining one, low middlnps selling
AT 1sc per 10. The total receipts for the week were
741Qj bales against S}433 last week, S2,3O7 the pre-
cedng week and 1Oj52S bales for the week ending
March l. The receipts since Sept. ]. 1872 were
2.954853 bales, against 2.5SJ,414 same time previous
wear. an increase of 5GS399 bales. The exports for
the week were GSj1S bales against 639oS same time
n wear ago, an increase of 1880 bales The total
stocks on hand amount to 53l5l9 bales, against
1888 bales same time last year, an increase of
1Oi18l bales The total stocks in the interior towns
are los 2l1 bales against 1854 time in 1872 an
increase of LII bales The total quantity of cotton
in sight is 2l57O0S bales against 25cjil0 same time
last year, decrease this year of 1902 bales
The financial events Of the week were of no import
ance. barring the discovery Of forged Toledo and
Wabash stock certificates last Monday and the
Bulls Head Bank failure Of Thursday, which were
not frought with sufficient weight TO affect the
course of ordinary affairs. Money has ruled with
persstcut srinCency all the way ont and call loans
have commanded a bonus Of l-32 to l-l6 of one per
cent each day, with some cause for sltppOsing that
the artificial interference with the legitimate
Of money adds 10 the severity of the shingency.
The Treasury contraction and initiation policy has
been in operation all the week the legal tender re-
serve being sometimes larger and sometimes smaller
the greeubacks outstanding at the opening of bust
ness this morning being S3js47l000. and tonight
S3jS. 100000. We cannot see how financial affairs
have been benefited by comforting this discretion
airy power upon the Secretary, or to speak more ac
curately by the Secretary's assumption and exercise
of the power. The London money market has been
easy with cOnsols aud United States bonds generally
ruling steady. The Bank Of England rate of dis
count is as vet 81 per cent the ibank gaining G5SOOO
specie and the Bank OF France half a million francs
Foreign exchange has been dull all the week with
business doing at concessions from the asking rates
Of the brokers the German houses at the close offer
ing bills drawn against Erie bonds cheap. Gold la,
not been benefited by either exchange or foreign
markets but has been withal strongly backed
closing al about the highest price reached the move
ment covering range of 1l5 and 115s. The bulls of
the market have had TO contend against high rates
of interest charged for carrying The closing days
of the week noted for strong demand for
United States bonds from home and foreign inyes-
tors, and prices made sharp advance closing at
pretty much the best prices of the week. Southern
State bonds were in good trade.
There has been a marked decline in the stock mar
ket during the week aud weakness was one of the
principal features OF the whole of the active list
The only prominent exception to this rule was West.
eTn Union, which has moved up about two per cent
though the advance was apparently maintained with
difficulty and holders were anxious to realize at the
improved prices On Monday few stocks advanced.
but since then the sales have been lower in many
cases. Panama declined nearly 10 per cent. Pacific
Mail Al. Boston, Hartford aud Erie 81, C.. c. &IC.
90, Erie 2i, and Harlem per cent.
The decline in the remainder of the list
was less important. At the close
somewhat steader feeling prevailed, and a
part of the early decline recovered in some
cases This was especially trne of the final dealings
when, though the market as stagnant as II well
could be- rally in Pacific Mail and Erie. Of over .