New-York tribune., 1873-02-03
,,ar decrease Of 1872 bales. The total stock IN
no ;rtcr;or towns Ia OF 40 bales against 80 s same

war decrease Of 1872 bales The total stock IN
Tho interior towns Is Of 40 bales against % sao
time in 1872 gain Of 2190 bales The totai qhu.iy
of cotton in sight amounts to 2S''6f DIes, as',i'
ocS oos same time in 1872 decrease Of 1886 bales
In financial circles the leading event during slo
! u,eek was the contamination of arrapgenents uc
tween the Secretary of the Treasury and the fundeu
| oan Syndicate for the placing Of the remaining
so 600 600 five per cents. The preliminaries OF tne
syndicate are pretty nearly arranged and the oooh
| for subscription will be opened simultaneously III
| NevYork and London next Tuesday, ana remain
ono four daya The particulars in relation to tins
matter are fully set forth In an advertisement else
! whore The announcement that q new Syndicate
| had been formed created much excitement ana ac-
| tiyity in the foreign markets, ana was loi-
! lowed by buoyant and higher prices for
| securities Tho monetary situation ABROAD
! il one Of great ease, and with the prOOapie
! removal of apprebensions of trouble between the
| Great European powers on account OF Asiatlc en-
croachmeuts of Russia the outlook satisfactory
Money rules sufficiently easy in London to warrant
the Governors of the Bank Of England in reducing
the minimum rate of discount to 81 per cent, while
the bank gained in sterlng bullion during the week
ending Thursday, f2S5,OOO. The Bank of France
during the same time gained half a million francs
Under such condition of affairs the gold specula-
tion deprived of the support Of heavy specie ship
| ments lost heart a little toward the close OF the
week and the price declined to 1l3s this morning,
! oco;nst ia last Saturday afternoon. Yet
the market has displayed no special IN
dcations Of weakness, and the bulls VINO
have conducted the late campaign with the
most consummate skill and tact, still feel conhdent
in their ability to keep up the price They believe
| that the gold likely to flow in from Europe
on account of subscriptions to the five per cents VIII
| be small in amount, that the result OF the Syndi-
Gates operations if successful. Will be SIMPLY the
exchange of SIX per cents for ves. During the iast
day or two good deal Of short interest IN god mas
been making, based on Syndicate operations, and
that is calculated to afford future support 10 tue
market by creating demand for gold to deliver
The course of Foreign Exchange during the week
has at times influenced gold The rates for sterling
| declined ouite materially on Wednesday and Thurs
dav under a better supply of commercial bills ana
| hatch of borrowed bills thrown on the market lOI
sale TO facilitate stock operations, under WHICH goou
bills sold in the street as low as lO9s oince tneh
| there has been "a reaction In the rate, ana
the quotations of the early part of the week were
again established. The loop movement in gold has
| exercised considerable influence over money,
which has ruled quite firmly for the greater part OF
the week. On the whole, we should quote per cent
gold as the more uniform rate to the stock brokers'
ON the pledge Of usual collateral during the greater
part of the week, alternating with currency ON
Monday and Tuesday. The closing days Of the week
were marked with more activity. and bonus OF
thirty second was occasionally paid. The leading
Government bond dealers accommodated all
the way through az 6 and 7, and the best class OF
borrowers obtained their requirements at the legal
currency rate The disparity between the rate OF gold
and the Treasury Sinking Fund purchase Of bonds,
operated against the of call loans The cur
rency movement has been of no special Importance.
The note brokers report active business for the
week and rates at the close still quoted at and
| per cent. The dealings in Government bonds
during the week has been large and excited and
very strong particularly the five per cents, which
overshot the boundary of par in gold The wide diff
ference between the 6s of 1881 and the 52 OF leoS
has been feature of the market. Since it has be-
come more generally understood that there is no
nrobabilitv that the 1858 will be redeemed in adj
vance of the redemption of the long skies, the gap
between them has been gradually closing up. Spec
nlation i'm State bonds has been active Tennessees
and the price has advanced to s2GS3 both issues
In railroad bonds an active business has been done
in Paciics, Centras rising above lO2, the Unions be-
ing firmer at the close. The week has also marked
the completion of the Chesapeake and Ohio Railroad
The stock speculation in the market proper was
not as active as usual this week, though lot of
fancies were displayed to advantage through
| the free use of the +" laundry" Thus such
shares as Atlantic and Pacific, Missouri Pacific
G. c. and ]. c, Atlantic Mail and the local stocks
played more prominent part in the cOmedv of the
week All of these, with the exception of the Cen
trail Coal and Atlantic Mail, show an advance for
the week of / to A. per cent Erie has been strong
| in sympathy with an advance at London, and the
price rose from q to G7s Pacific Mail declined from
73 to 71s but advanced to "a the safe arrival of
! the " Alaska at the harbOr of Hong Kong. West
ern Union ranged from $50 to 81, with the
highest prices current at the close. Delaware, Lack
awanna, and Western rose from 80 to 1913. The re-
maindor Of the list was quiet fluctuations of to
per cent, alternately upward and toward lower
! figures There was a quiet feeling in the market
| to-day, aud beyond few Of the leading shares,
smaller business than usual was transacted. Erie,
| Western Union, and Rock Island eynced cOnSidera-
| BILE strength while the Boston, Hartford, and Erie
fancy" moved up from % to 10. Pacific
! Mail and Atlantic and Pacific preferred
were heavy and lower. The general mar
| ket opened firm and advanced, receded a
| fraction about / o'clock, and later recovered
the decline notwithstanding the unfavoTable bank
statement. Quicksilver was lower but Consolidation
| Coal made a further advance. Expresses were dull
In the investment list Delaware, Lackawanna and
Western rose from lOls to lO2. New-Jersey Central
sold at 1O501Ojl Michigan Central 109a109s, and
Fort Wayne at 93. a93s The market was irregular
at the close but in the main firm. The opening
highest lowest and closing prices of stocks were as
follows: