New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-06-02
SALES FROM O'CLOCK =. NJ. TO CLOSE Oh
NESS 3 O'CLOCK NJ
SATURDAY, May 3l-r. n.

SATURDAY, May U-r.
The general trade Of the city during the week has
been light and of no material import in any Of the
leading staples the movement in cotton being also
light The receipts at all the ports for
the week were 3O9O6 bales, against 3l,0H last
week; 1901 bales the previous week, and
1870 bales for the week ending May 9.
The total receipts for the expired portion of the
cotton year are O9S7 bales against 2G53.925 bales
time previous year an increase of bales
The exports for the week were 6565 bales, against
22,697 year ago-an increase of 1884 bales. The
total stocks on hand ae 2S5 ESQ bales against 1886
bales year ago-an increase of 93,1Gl bales. The
total stocks in the interior towns GGSGO bales,
against % 759 bales same time last yearan increase
of 81 O1 bales The total quantity Of cotton in sight
amounts to 2,5G5J68 bales, against 242Oi22 bales
year agO-an increase Of IA $40 bales.
The week in financial circles was broken by the
occurrence of Yesterdays holiday but business
much more active than during last week Stocks
have been feversh and weak, but frmer at the
close money a shade more active, and gold alter
nately weak and strong sterling being unsettled.
The foreign situation has been favorable cOnsOls and
United States bonds materially improving, and
closing strong at very slight concessions. The Bank of
England minimum rate Of discount underwent no
change standing at six per cent while money III the
open market was something below. With this fay-
orable condition of the markets, and the lowering
of half point III the Foreign Exchanges, there was
less talk of specie shipments from this side, which
so much withdrew supporting influence from gold,
though the speculation in that commodity
is still strongly backed by powerful parties on
the bull side of the account. The price reached
TO 1885, reacted TO 1l7a and at the final close sold at
116s. There is much apprehension in street circles
that the cash gold deliveries arc to be seriously
bairassed-a feeling which has perhaps aided in pro-
ducng more active market in money, seven per
cent gold, being paid IN a number of instances,
while the common rate call has been 7, with ex-
ceptOns at O. until tonight, when loans were made
at 3G4. Aside from these unsettlng causes the ten
dency Of money is toward great ease. in the United
States bonds the business has boon of a moderate
nature, but the demand from the foreign buyers
tnues TO run ahead of the supply. The 'G7s were
tho leading feature, and sold up to 122 and wero
closely followed by 1858, which are gradually
assuming equality with them. In railroad bonds
tho Union Paciiics have been severely handled and
the prices forced down some Gallo per cent on the
new litigation Of the United States Government
against this corporation and the Credit Mobier. 1t
is understood, however, that innocent holders of
bonds do not suffer- and this fact later strengthened
these securities.
On the Stock Exchange the only features OF inter-
est was the sharp selling movement in Union Pacific
and Pacific Mail, which depressed these shares 81
and g percent respectively and exercised weaken
ing influence the remainder Of the list The fiuc-
tuatons outside of the two favorites however, were
so nmrOw that before the close of the week most
ofthe decline had been recovered, and nothing Of
special interest was developed ia the dealings.
Union Pacific ranged from 800 TO 25. with dealings
at a recovery to ~ afterwards, and Pacific Mail
from 40 to 39 with rally at the close to A. To-day
quiet feeling prevailed, and the changes were small
outside of Pacific Mail The course of this specially
was just as eccentric as ever selling at 4l639.0Ht
94Os. Between ~ and p. M. the general market
was very firm, and prices were moved up TO per
cent but before and after that time business was on
n small scale New-Jersey Central, and Delaware
Lackawana and Western were strong at the highest
prices Of the week The following were the open
ing highest, lowest Ind closing prices Of stocks;