New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-07-14
SALES FROM "a O'CLOCK P. NJ. TO
NESS, 3 O'CLOCK p.
SATURDAY. July 12-P. NJ.

SATURDAY. July Up. NJ
A fair degree of animation has been infused into
the general trade Of the city during the week follow
ing the holidays, and barring an exception IN the
case of cotton, in which there was some decline,
there has been an upward tendency in prices. There
are also indications of the return of feeling OF
more confidence in business circles, rendering the
Fall outlook more satisfactory. Ocean freights rule
scarce and high however and this serves to dlmin-
ish exports of produce, by embarrassing shippers.
The cotton market has been quiet throughout,
though the latter days of the week showed more
activity the closing quotation being for low mid
dlings against 2Oc. week ago. The receipts at all
the ports for the week S1 bales against S
last week 1866 bales the previous week, and
10 672 bales for the week ending June 90 The total
receipts for the expired portion of the cotton year
are 1858, G3j bales against 2699g3 bales same time
previous year-an increase of S5s,7lO bales The
exports for the week 1860 bales, against 2SS9
q wear ago-an increase of 1881 bales. The total
stocks on hand 1854 bales against lS4293 bales
a year ago-an increase of 1921 bales. The total
stocks in the interior towns are 9OS9O bales, against
10 48 bales same time last year. an increase of1994
bales The total quantity of cotton in sight amounts
70 5 474 bales against 2G29 $50 bales year ago
decrease compared with that period of 81 S5 bales
The weekly exports of cotton from the port of New
York were S.2SG bales. .......
The week in Wall-st and on the Stock Exchange
has been noted chiefly for the general revival of
speculative activity in pretty nearly all the various
markets. with generally stronger aud higher range
of values in all directions. This favorable change
from dizziness and stagnatiOn TO animation and
yipor was the occasion of great JOY to those mpe-
cunions Othell0s of the bourse whose occupations
were gradually going. The revival seems to afford
TO the sangune reasonable grounds for the hope that
with the distribution and dissemination Of the July
dividends the Summer trade will be OF more general
Importance than has been fairly anticipated. Among
the features Of the week and one notunusua at TINS
season of the year. has been the abundance OF money
pressing upon the street at extremely low
rates. the range on call taking all classes of
borrowers and coaterals being to per cent, with
the intermediate rate the ruling one. The banks
have acquired such a strong condition owing to the
influx of money from the interior, and the distribu
ton of July interest money, that general feeling
of confidence in the future is the natural sequence,
and though when the crops get IN motion more
active state of the money market must enSue, yet
il does not necessarily follow that the strngency
of last Fall will recur at least il should not if the
conservative tendency of our mercantile commu-
nifty affords fair criterion. This is the more san
gune view Of the question, yet il is but the truth
to say that the more conservative aud careful bTok
ers aud operators are occasionally putting an am
Choir to windward by taking long loans-six months
or upward-when offered at the full legal rate of
per cent per annum
In gold we have to report a smart speculation and
clear rise of per cent during the week, with very
nearly the full price maintained at the close; but
there is a contrariety of opinion among the gold
brokers ~ to what is to be the future of the market
The transactions are large and prices iuctuate SUI
ficiently to make q rather active business for the
season. So far as can be discovered there are few
short sales, while houses known TO be in the in-
terest of ciques are credited with being large buy
ers at every fractional decline in price Round lots
of 100000 to S5OO,CO0 each are said to
have been bought in this way and again
loaned out apparently with view of quietly
accommodating az much possible Of the
gold in market. AZ tins lending of gold has the
effect Of creating short interest that places the
market more and at tho mercy of the bulls. il
becomes question with merchants requiring gold
for actual whether it be the wise to
borrow it from these spectators or to buy il out
right, a question which they are presumed to be
competent to decide tor themselves. The course
of foreign affairs has been favorable and not eaeu-
lated 10 elect materially the new speculation IN