The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-26
FINANCIAL And COMMERCIAL.
The Money Market Still More
Stringent.
Loans on Call at 1-8 END
Interest," uM
Aggravation of the Normal Activity
by Clique Influences.
DECLINE AT THE STOCK EXCHANGE.
Prices Down About One Per Cent for
the Leading Features.
"A RALLY IN PACIFIC MAIL.
Interesting Statistics Concerning
the Savings Banks.
A Movement in the Gold Market Not Down
in the Clique Programme.
Prices Down About One Per Cent for
the Leading Features.
"A RALLY IN PACIFIC MAIL.
Interesting Statistics Concerning
the Savings Banks.
A Movement in the Gold Market Not Down
in the Clique Programme.
WALL STREET,

WALL STREET,
TUESDAY, Feb. 25-6 p. M.
On Change to-day cotton on the spot was in
peter demand but at irregular and generally
easier prices. Future delivery ruled an nc. per
pound lower. Flour remained duh. Wheat was en-
firely nominal, while corn and oats were quiet
aud lower.
- G. THE EXPORTS OF THE WEEK.
The total exports Of domestic merchandise from
rhe port OF New York for the week ending Febru-
nry rs, 1873 were Of the currency value of
THE FOREIGN MARKET.
The London quotations show further heaviness
IN consols, but no essential variation In prices.
United States bonds were steady. Erie shares
were weak, and fell or to SIX. The new French
loan was quoted before Money on the street
sFas quoted per cent, against 81 per cent at
bank
The stringency In money was more severely felt
Ao-day owing to Its aggravaton by more more har-
monieus concert among the parties engaged in
s'squeezing' the market for the sake OF the "com.
missions" which are paid, in addition to per cent.
The brokers engaged In this operation are fur
nishsd with the money by several institutions,
being leading Canadian bank, and the other, as
alleged, prominent Broadway bank, to whom, as
She story runs they pay per cent for its use and
-.Dl SMALL BONUS.
AS they manage to secure from the street more
than twice-nay, several times-the amount Of this
bonus the operation Is quite profitable to the
Soung gentemen'engaged in it. CTney ore among
the junior members OF the Stock Exchange, which
accounts probably for their adroit manipulation of
the marketD All this would be but inditferently
successful, however. were not money really scarce
and actually difrcult Of access. To-day the rate
pm CALL which, as usual, was quoted only o gold
among the government dealers, ranged from 1-32
lata he lot
extreme being equivalent, it will be seen to about
b21l per cent per aanum. The quotation stood n
Nat
4 AND INTEREST
during the interval between halfpast TWO and
quarter to three O'Clock, but the closing dealings
were at lie and interest. Commercial paper was
dun and neglected, and quotations continued
nominal, 80 much so as to be hardly quotable.
There is not much pressure of paper on the market,
so that sellers figures are frmer than might be
tancied, in view OF the rates for money in call
joans. Foreign exchange was steady and un.
changed as TO nominal rates, but late in the day
transactions arising out OF further Offering Of
borrowed bills were reported at as low as 10sz, less
Ale, for prime bankers sixty day sterling and losx
ior sight bills, the amount being about GOO, oOO
THE SAVINGS BANKS OF NEW YORK.
According to the annual statement Of the Super
lnendent OF the Bank Department, just transmitted
banks in the State OF New York Is 15o In which
shere was on deposit on the LIST OF January last the
large sum OF $685. 2S6 621, represented by 800 e42
open accounts, which, supposing each OF these to
represent separate individual depositor. shows
mn average deposit OF $34e 10 to each individual.
and that nearly twenty per cent OF the people of
fhe State have savings bank deposits. The total
assets OF these institutions amount to 1906 asl
Of which bonds and mortgages constitute about "a
percent, United States stocks 10 per cent New
York state stocks per cent, bonds Of cities in
this State 20 per cent, bonds Of counties in this
State 4 per cent, bonds OF towns in this State 2
per cent bonds of villages in this State one
OF one per cent and other stocks and bonds less
than per cent. The stock investments constitute
about so per cent OF the entire assets, and
amount to $153, 552756, Of which the par value Is
3l63,46s,711.
ANNUAL INCREASE oP DEPOSITS.
The following table shows the amount of deposits
In the savings banks OF this State from January l.
1858 when they were first committed 20 the super.
vision Of the Superintendent, to January !, 1873: