New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-06-09

SATURDAY, June 7-P. NJ
The general trade of the city during the week
only slightly superior to that of last week. and there
is still wanting that spirit and confidence which
alone beget activity and animation. In ocean
freiphts there has been decided advance under free
grain offerings for foreign ports The breadstuffs
market has been in decline, while groceries were
quiet and steady. The dry goods movement was
light with considerable irregularity in prices. Cot
ton has been quiet, with the price stereOtyped at
1870 for low middlings. The receipts at all the
ports for the week were 25,130 bales. against
5000 last week; 34,0H bales the previous week,
and Il O01 bales for the week ending May IT, Tho
total receipts for the expired portion of the cot
ton wear are 34SS25S bales against 2,G6599s bales
same time previous year. increase of 1890 bales
The exports for the week 1890 bales. against
9179 year ago-an increase of 1881 bales The
total stocks on hand are 251 1884 bales against 1855
bales a year ago-an increase of 5000 bales The
total stocks in the interior towns 92l4 bales,
against q 200 bales time last year-an increase
of 83OO5 bales. The total quantity of cotton in
sight amounts to 2,9l9GSS bales, against 2,725,963
bales a year ago-an increase compared with that
date of 199 TBS bales.
In financial matters the week has been the tamest
of the season. and without any movements of special
Importance Money has settled down to a condition
of ease. Funds accumuating here in large
quantities. and with limited demand from the Stock
Exchange. where business is growing smaller by
degrees and beautifully less" every day. and the
servative tendency of general trade, there would
seem to be ground for apprehension of trouble in
money during the Summer months. Those who an
ticipate high rates of interest in the coming Fall
would possibly do well to borrow money while
it is cheap rather than to borrow trouble about the
future which is likely to take care of itself some
way. The demand for mercantile paper from capt.
talists who apply their surplus funds i'll this drec-
ton has been large during the season. and the
supply offering has been pretty well reduced. As
fresh paper of large amounts is being written, this
market is more quiet We quote per cent the
rate for prime names. The foreign situation has
attracted good deal of attention, because of the
further advance in the minimum rate of discount at
the Bank of England to per cent. occasOned by the
expected drift of specie to the Continent
through the final payment of the French Indemnity
to Germany. Too much credit cannot be given the
French Ministry of Finance for the skllful manner
IN which the whole affair has been conducted the
only disturbance TO the markets of the world re-
sulting from this gigantic operation having come
from the German side. There was a good deal of
discussion late in the week the rumor
that the British Government had decided to
authorize the Bank of England to increase it's note
circulation from G15000OO0 to &2 100000 but up to
the close to night the story has not been confirmed
This condition of affairs has tended TO keep
gold strong, despite the heavy Treasury sales
and the supply to come upon the market
from Syndicate sources, and the price has
risen from 1173 Monday to 1871, clos
ing at 118; the chief business of the week
being in the vicinity of this figure. II is by no
means unlikely that some operations Of Importance
in progress in this market which the future may
develop. The Foreign Exchanges have been strong
and advancing The Government bond market has
been strong, under the heavy foreign purchasing
movement noted from time to time Indicating the
feeling of confidence in foreign circles in the superb
ority of United States bonds. The late call for the
redemption of S2OOOO0OO additional bonds has i'm
parted further frmness to bonds, and many capital
ists hesltating TO buy at present high figures are
turning their attention to the next best securities
and are taking first-class railroad bonds. In South
ern State bonds, business remains inactive. The
financial condition of these States does not foster
confidence in these securities.
The railroad and miscellaneous share speculation
has been characterized by alternate duness and
activity and by spasms of strength and depression
Early in the week there was pretty fair business
done, and prices generally moved up, with the
notable exception of Pacific Mail. The improve
ment was not maintained, however, and IN some
cases prices fell afterward TO the lowest point Of the
season. The yacht and horse races took many spec
ulatOrs away from the scene Of action, while the
meetings of various railroad cOmpanieg at the West