New-York tribune., 1873-01-06
SECOND BoARD-l p. n.
SATURDAY. Jan. 4-P. ".

cAlbRDA1 JAN -. NJ
The general trade Of the city has been unusually
quiet and restricted during the week ending to-day,
the festivities attendant the Christmas holidays,
and the mpediments TO transportation forming the
conspicuous causes of the dullness. The dry goods
trade has been of the dullest kind in all ITS various
branches the settlements of the old year interfering
very materially with new business Thecotton market
was in the main firm under the comparative paucity
of receipts. These amounted to O 703 bales in place
of 10S 43 last week; 125S57 the preyous week, and
125 564 for the week ending Dec. ii. The total re-
ceipts since Sept l, were 17342l9 bales, against
14S6 412 bales same time the previous year, an in
crease OF 247 S07 bales. The exports for the week
were n O03 bales against 1922 bales same time last
year. an increase of 30OS bales. The total stocks
on hand are 4S4 4972bales against 5O0SO time in
1872 decrease of 15,2CS bales The total stocks in
the interior towns are 9l,5S4 bales. against 929S3
bales in 1872 The total quantity of cotton in sight
is 2O34 259 bales, against 2,1459O6 same time last
year, a decrease of 81 ,90S bales.
Events in financial circles during the week have
not been of special Importance, the week having
been broken by the jollites of the holiday season.
Since the new year came in business Of general
nature has been suspended, has at least given way
to the payment and collection of dividends interest
etc, maturing the first instant so that the specu
lative interest Of the street has been tame enough.
Money has ruled snugly all the way through, the
general rates on demand loans being asixteenth TO
an eighth and interest with exceptions involving the
payment of as much quarter and Interest At the
close however there were more decided indications
that the backbone of the stringency is the point
of breaking under the impulse of the various dis
bursements. For full five weeks has the street
suffered the pecuniary tortures of monetary inqu-
siton the of which We have duly set forth in
this column. The gold speculation has been very
limited with the dealings on restricted SCALE while
the tendency is to lower prices. The foreign markets
are all in favorable condition, while at London
outside of the Bank money rules to per cent
below the minimum discount rate which continues
at 5 per cent. The bullion Of the Bank
of England during the last week increased
f347OOO sterling, the Bank of France gain
ing 100000 francs. Gold declined from 1l2l
to 1l1t. An improving tendency in our securtie, at
London has been noted where fresh impulse has
been added by the gratifying condition of the for
eign financial condition. Government bonds have
improved in fatteriDg manner abroad, though at
home while firm market has prevailed the
offerings have been rather more free from
those parties who purchased bonds late
in the old year. for the purpose of avoid
ing taxation The sale of such holdings
has caused something of reaction and sellers have
consequently made some concessions. Foreign ex-
change ruled firmly during the earlier part of the
week. but rates yielded toward the close though the
lower range of gold. at the late steamers caused
somewhat improved demand for bills. The state
bonds have been without special feature, except
Louisianas, which have declined in consequence of
that State having defaulted and gone to protest
her interest, which may be set down one of the
beautiful results of carpet-bag and scalawag gov
ernment in that State. Railroad bonds and city
bank stocks have not exhibited any special features
worthy of remark.
Tue stock market on Monday and Tuesday was
generally lower. Pacific Mail declining from 75. to
72!, Erie from 62i to 6Oa, Western Union Telegraph
from 81 to 79t, and the remainder of the list TO
lesser extent. Since Thursday morning the market
has been irregular but in the main higher, Pacific
Mail reaching TAI, Western Union 81! and Erie cSs.
N. Y. Central advanced at the opening of the week
from 9ss to 1OOi but has since fallen back to s9l
with late dealings in the neighborhood of
par. The transactions In the above men
toned shares were quite animated at periods,
snd fonsd the leading features Of the market until