New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-25


These figures show the readiness with which tho
bulls have sustained and even advanced the price,
and 90 far to strengthen the general impression that
they control large portion of the available gold,
for the prIoe rises daily despite the weakness of
Foreign Exchange, the condition OF the foreign
markets. and the nearuess of tine time when our
ports of domestic produce are usally increased.
The decline in Exchange leads To some talk OF int
ports from Europe but such reversal of the current
would be of short duration inasmuch as 1t would be
at once checked by an advance in the London Bank
rate of discount. England could not afford TO have
specie running away from her in this direction,
nor DO share the apprehension expressed Ill some
quarters of a repetition of the memorable Black
Friday. The impetuous youth who inaugurated
that panic has gone to that boune whence no stock
speculator returns and his place is occupied appa
rently by men of GOODNESS and sagacity, who TO
be in no haste to kill the goose that lays the golden
egg but are rather inclined to act upon the theory
laid down by Mr.. Drew when he assured his brokers
that "the bOysp would pay out their money more
cheerfully if drawn at the rate Of per cent per
diem rather than three The vcriest tyro in the
business must understand that profits taken IN at
the rate of / to per cent per day win aggregate a
larger net gain than Sudden jump that makes pay
ment impossible by throwing the whole system of
clearances into nextricable confusion
The cotton market has displayed more life and
activity during the week, closing firm the basis
of 10 cents for Low Middlngs. The receipts ut all the
ports reached 1854 bales against l0,56l bales last
week IOSi bales the previous week, and II 25j bales
for the week ending Aug. >. The total receipts for
the expired portion of the cotton year are 360Sl24
bales against 27l6,G96 bales the time previous
year-an increase OF S9l 42S bales The exports for
the week were 1884 bales, against 500 year ago
an increase Of 1894 bales The total stocks hand
are 1865 bales against 57.21S bales year ago--an
increase of 1892 bales. The total stocks ia the in
terror are 1921 bales against 4977 bales same
time last year-an increase of II 30 bales The total
quantity of cotton in sight amounts to 9O2 bales
against 5S 80 bales last year at the time--a
decrease of 96.Sis bales. The weekly exports from
the port of New York amount to 7512 bales against
$3.50 bales last week-an increase 7l3 bales.
The same substantial features are remarked of
United States bonds as last week. the dealings CON
tinuing on an unusually small basis. Prices have
held up strongly and the of the limited bust
ness is entirely tTaceable to the small offerings for
the demand continues active both from home and
foreign buyers In State bonds there has been a
fair movement in Tennessees ut firm prices while
Missouris have been easier. In railroad bonds sat
isfaetory business is reported in the Old established
roads. ..
The railway and miscellaneous speculation has
been somewhat irregular during the past week !
though the volume of business has been considera
bic in excess of last week. The higher rates for
money exercised depressing influence carly in the
week, and created general feeling of nervousness
The return of the magnates of the bourse Is anx-
iousy looked for it will decide to some extent the
future current of speculation. In the meantime il
is expected that the cratic course Of prices |
will continue. The decline early the week |
ranged about TO per cent, with
recovery. and still later |
downward reaction. Our tables below give the
course Of the market. Outside of one or two
A. IA a.. hna tad