New-York tribune., 1873-05-19
SATURDAY, May Up. NJ.

SATURDAY, May 17-P.M.
more satisfactory trade was reported in the gen.
eral city markets, consequent upon the complete
opening of canal navigation and it now seems that
better condition of affairs is likely to result in the
immediate future. Breadstutts were in better in-
quiry at improving prices, and more active busi-
ness is doing in groceries The dry goods trade is
quiet as the season draws to close the Summer
trade not having fairly set in. There was nothing
new IN the cotton market during the week, and
prices here made no special or important change the
market closing the basis of IS! cents for low mid
dlings. The receipts at all the ports for the week
were O31 bales against 43 no last week. 4s 04G the
previous week. and 46 373 bales for the week ending
April 25 The total receipts for the expired portion
of the cotton year 33i29 bales against 26l5595
same time previous year. increase of 7379 bales.
The exports for the week were 1886 bales against
1913 year ago-an increase of 2S, S,4g3 bales. The
total stocks hand 3G5OS2 bales against 240070
bales year agO-an increase of 12j,0l2 bales The
total stocks in the interior towns 1902 bales,
against 43S bales same time last year-an increase
of 36,6Oi bales. The total quantity of cotton in
sight amounts to 2,554,9SO bales, against 2,45O,5n
year ago-an increase of 104, 400 bales.
In financial circles during the week we report an
unsettled condition of affairs, most decided in stocks
which were feverish and weak, the leading shares
being forced down eight points. Gold has
been strong much to the joy and qualification of
the bulls, while foreign exchange has been advanced
10 a point admitting profitable exports of specie.
The unsettling of affairs in the street is TO some
tent due to the excitement in the continental mar
kets arising from the panic the Vienna
Bourse. This caused an unsettled and ner-
vous feeling in the German markets, and
higher rates for money in all the leading
cities of Europe. While the foreign securities were
pressed TO a disadvantage at declining prices, Amer
lean securI ties at least United States bonds and
frst-class railway mortgages, suffered material
damage. London not over-excited in the prem
ises, and was less shaken from its propriety even
than the local markets, despite the fact that any
serious trouble must come first through that source
The Bank of England rate Of discount
was lifted Wednesday to five per cent,
there appears to be nothing further in the Conti-
mental situation TO necessltate it, As we have be-
fore remarked the action is taken partly as q meas
ure of self protection, and to check any drain of
English capital Ii serves twofold purpose, for il
tends TO attract gold from this sde and under the
ruling rate of sterng there good deal Of talk of
sending gold across tho water; and this, too has
been made use OF by the bulls in sustaining the
price of gold, while adroity unloading their long
ventures The range Of the price during the week
was 1l7l and 1ls1, the highest figure being reached
mental troubles, and ruled easy and quiet all the
way through at six and seven per cent TO bor-
rowers on demand. with considerable business