New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-01-27


| eeipts for the week at all the ports
was 495 bales against 1925 last week.
1926 the previous week, and I047O3 bales for the
week ending January 8. The total receipts since the
| beginning of the cotton year are 2lSsS0s bales,
against lSA,o4o bales the preceding year-an
increase this year of 914,769 bales. The
| exports for the week were 1850 bales, against
S0,q99 same time in 1872, q decrease of q443 bales
The total exports to date are 9s66l6 bales against
| l,l6S,%1 same time last year. a falling off
OF 1SS29l bales. The total stocks in band
are Si4,S2S against 5S5, bales same time last
year, gain of 9,247 bales The total stocks in the
interior towns are sl5S bales, against 944S3 last
year. decrease of 1885. The total quantity of cot
ton IN sight amounts to 2,l7S,13l bales against
2l76.O9S last year, decrease lof 1862 bales The
week closes with much more favorable outlook
than was remarked at the wind up last Saturday
In financial circles the events of the week have
been more important and noteworthy than those of
any other week during this month. The most i'm
portant of these was the conclusion of Secretary
Boutwell, not to attempt to float the remaining new
lives on the open market by himself alone but to
accept the proposals of certain bankers, home and
| foreign, TO place the not yet taken amount The
| precise terms have not been made fully
public though it is likely the basis will
be that of the Jay Cooke Syndicate of
1871. This affair added the much needed
element Of activity to stocks and the speculation
during the later days Of the week has been lively and
excited with a consequent large volume of business
This has been aided by the ease and general steadi
ness of money which has been in liberal supply
about all the way through. the street brokers
obtaining their requirements at carrying inter
est and exceptions at lower figures on the
pledge of the usual collateral. Some business
has been done at gold interest when the
standing of the borrower entered into the consider
atiOn particularly yesterday and to-day. The fact
that the Secretary sold gold largely in of his
bond purchase, and some apprehensions of trouble
in the loan market consequent upon the immense
specie shipments to day. created quite furry in
call loans late yesterday and slight bonus paid
by dilatOry borrowers. though tonight its traces
had disappeared intpaTt. The banks continue to
gain IN legal tenders, rs in national bank
notes, and the better supply of money and the
natural easing mp of rates on call, has turned the
attention of capitalists to the paper market where
frst-class in brisk request, with the ordi-
nary grades deDomnated good" passing ut to
per cent, though gilt-edged acceptances were done
al T. Money is ruling easily all over the CONT
nent, and the daily advices from the foreign
money centers all favorable. and the ont
look cheering. In London, the rates in the
open market are o00t per cent, Wnle at Ddnh
the minimum discount figure has been reduced to 4.
The Bank of England gained in sterling bullion for
the week ending Thursday last f4S200O while the
Bank of France lost half million francs. The specu
lation in American securities, and the demand for
United States bonds has revived, more particularly
since the new Morton Cooke Syndicate began to be
talked about, and prices have gone up wonderfully
and this doubtless will facilitate their opera
tons. Yet somewhat surprisingly, in face of these
facts, gold continues to go up, and during
the week has risen to ia, advance since last
Saturday of over point. AS we have from time TO
time remarked, there is strong speculation behind
the market Endorsed by heavy operator in stocks,
who is entirely unknown to fame in either depart
ment. The considerations otherwise affecting the
market and influencing higher level are the again
heavy importatiOns of the week, over SlO,0O0,OOO,
with above S11,OOO,OOO last week; and the
heavy shipments of gold coin, full details
of both of which are TO be found
in our tables of foreign commerce below. The resi-
dent agents and bankers representing foreign CAPT
tai and interests in this country are so generally
interested in maintaining high currency standard
for coin, that they stand as powerful and, even
without preconcert of action, an almost perpetual
bull combination in the precious commodity. The
money of a clientage spread all over the specie
paving world being gold, while the measure Of
value of everything here is paper, the higher
premium the former for the time being
nav command the greater its purchasing power in
our markets. and the larger the commissions of the
resident bankers. Though the resumption of specie
payment be never so near. each one Of them con-
tributes what he can to maintain gold at the highest
possible point and so it will probably remain, with
occasional immaterial fluctuations, until the
subject shall be fairly met and grappled
with by our Governmental Government which
we regret to say, shows indication OF
n desire to resume specie payments; but
on the contrary, seems quite content that our ma
tonal promises to pay shall forever stand as per
petua disgrace This influence of the foreign bank
ers in coniunction with occasional domestic or in
ternational causes is mainly the reason, IN our
opinon of the present high premium, and the chef
difficulty which binders gold from dropping gradu-
ally to par without Government action. Whenever
therefore, any other parties choose to lnaugurate
bnll movement they are sure of the cooperation OF
this large and influential class and considerable
advance in price is the almost inyariable result.
But the high figures reached have influenced Gov
eminent bonds and in consequence the last few days
have not witnessed very large business in this
class of securities and a remarkable advance III
prces all over the list. reflected in our usual weekly
comparative table. Bonds have been very scarce on
the street. and the biddings prompt stock beng par
tcularly sought under the prospective Treasury OPP
eraons. In State bonds speculation has been pretty
nearly at stand-stil, except for Tennessees, which
declined from SO to 70 and returned to 81 In rail-
road bonds business has been large at full prices
though the Union Pacifcs were variable
There was a revival Of speculation ON the STOCK
Exchange and the changes were lvelier than usual
piece advanced in the main from / to per cent,
but there were frequent reactions and at times the
market presented ragged appearance. The most
notable advances were in Pacific Mail, ~ T. Central
Erie Lake Shore, Rock Island, Ohio and Mississippi