The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-25
FINANCIAL and COMMERCIAL.
The Stock Market Quiet and
Steady.
THE BEAR MOVEMENT CONTINUED.
GOLD A TRITLE STRONGER.
THECOTTON PROSPECT
The Average Unequal to the
Expectation.
Screw Versus Sidewheel Steamers for
the Pacific Mail Company.
Report of the Rock Island Rail-
road Company.
EXPORTS FOR THE WEEK.
WALL STREET,


TUESDAY, June M-6 p. M.
On 'Change to-day cotton ION the spot" was
DUH while for future delivery transactions were
light at a decline of u &c. per ID. Flour was
quiet, but lrmer Wheat was steady, and corn
active and frmer.
EXPORTS.
Our outward now of produce continues to OK
hbit it's favorable contrast with that OF preceding
months and years. For the week ending to-day
the export trade shows an aggregate in domestic
produce and merchandise of $5,72S, 915 in mixed
values against S. 1885, S43 in 1872 and $4,976,52 in
1871. The total exports from January to date are
900 against $101 s33, $40 in 1872 and $11O-
691, 091 in 1871.
In contemplating these figures 1t is always to be
borne in mind that two-thirds OF the imports of
the country come direct to New York and are re-
ported, while on the other hand fully ree-dfths
OF the exports are distributed along the coast and
enter only into the general statement made
through the department at Washington. Hence
the full value must be measured from week to
week by the proportions above mentioned.
THE COTTON ESTIMATE.
The Official report of the Agricultural Bureau
shows an average increase Of cotton acreage over
last year OF nearly IL per cent. The present condi
ton OF the crops stands follows :-Florida per
cent above the annual average. All the others fall
below-viz, Virginia and Alabama, per cent;
North Carolina, Is per cent; South Carolina. IL
per cent; Georgia and Louisiana, per cent? Mis-
sissipp and Arkansas, per cent; Texas. IA per
cent, and Tennessee, 10 per cent.
The acreage cultivated will fall considerably be-
low that planted. The weather generally during
the last week in May was favorable, and there was
hopeful prospect that the condition Of the crop
would rapidly improve. Worms and caterpillars
have made an early appearance at various points,
and ere causing considerable apprehension OF de-
struCtve ravages. No estimate Of the crop is
made.
THE WHEAT CROP.
The Official report OF the Agricultural Bureau on
over last year, with good prospect for more than
IN average yield per acre.
THE FOREIGN MARKET.
London advices report money and discounts
steady at yesterdays prices. Consols for money
were quoted at s2A 927, for account at 929a
VIZ; bonds OF the issue OF 1867 at 92h 92A, ten
t0rties at $50, new 1ves at S9I, Fries at 493S,
Illinois Central at So. The new French loan con-
unues at the premium Of OF per cent. In Paris
rentes were $500; and in Fran kfort bonds OF 1862
were quoted at 96A.
THE MONEY MARKET
presents no important change. Borrowers with
the usual collateral security on call are supplied at
aa5 per cent, and prime mercantile paper matur-
ing in the Fall commands per cent. AS con.
sequence OF the July disbursements it is not i'm.
probable that during the latter days OF the month
money will be a tribe higher for the moment Ex-
change has hardened for sixty days sterling, and
~ now 1925, the rate for demand remaining l1OA.
In other particulars former Quotations are I'M
changed.
GOLD 1853 1863.
As sequence OF London advices, as well perhaps
Or the report OF the Agricultural Bureau concern
Ing the dsappointmentn the cotton crop, gold was
stronger to-day, although 1t strange that any
rise should take place just at the present juncture
unless there be some propeling personal power
behind. Opinions are not SO thoroughly antago-
nistic as TO the course OF gold hereafter as one
would suppose. The best informed claim to have
anticipated the present and even a lower figure
but at the same time they express the belief that
certain speculative agencies at work, which, in
spite OF all governmental, commercial or local in
nuences which may be exerted, VIII have the effect
OF materially advancing the price later in the
season. The following table Will show tue nuctua-
tiane today.