New-York tribune., 1873-05-26

SATURDAY May PIP. NJ
The general trade Of the city during the week
continues light, and with the Fall monetary outlook
so apprehensve, and possibility of embarrassments
growing out of the pending gold speculation, there
has been pressure rather to sell the leading staples,
WITH as a rule, concessions in prices. Provisions
were weak and Breadstuffs on the whole dropping.
Ocean freights were active and advancing. Gro
ceries were dull and ruled steady, the dry goods
trade showing no marked improvement on last
week Cotton has also been quiet, with on the
whole slightly improved demand and generally
steady tone to the price, the market closing on the
basis of 1S!c for low middings. The receipts at all
the ports for the week were 34,0H bales. against
Al 0S1 last week 1870 bales the previous week, and
48O4G bales for the week ending May 2.
The total receipts for the expired portion of the
cotton year are 3Ss5l4 bales against 26i1l9 bales
same time previous year. increase Of 73 S95 bales
The exports for the week were 42,52 bales against
2sS3s year ago-an increase of 27,7Oi bales. The
total stocks on hand are S2 529 bales against 2lCO
bales year ago-an increase of 12l,5O9 bales. The
total stocks in the interior towns are 65S79 bales,
against 35 2O2 bales time last yearan increase
of 3067 bales The total quantity of cotton in sight
amounts to 2,5269jO bales, against 2,4Sl46O bales
year ago-an increase Of 92,i00 bales.
The week in financial circles has been one of un-
mitigated dulness throughout and even during the
days of sultry Summer heat, can scarcely recall
a uuieter week than the which closes to-day.
The total sales of stocks Of the week barely exceed
half million shares the temper of the speculation
being in the main dropping with prices tending
downward. Money has been easy, and Government
bonds advancing gold having also advanced over
point. The Vienna troubles are over. and
Continental affairs beginning to assume
an ante belIum condition. Consols and American
securities in London have improved materially
during the week, and stand tonight higher than
while the Bank of England rate Of discount was
per cent Yet gold has developed strong and mp
ward tendency and the price has advanced from
1l7s on Thursday to llSs, the highest price being
made to-day, though up to yesterday the preponder-
of business has been at ll7s to HI. The adj
vance, with only the Mexican border troubles as
natural element of strength back it, to the
common and unregenerate mind unwarranted.
Some heavy contracts mature next week
and the week after, put out on the
expectation of Treasury gold to out in redemp
ton of called bonds and the bulls disposed to
take advantage of this fact. and said to be in
tent on making sharp corner. Rumor has it that
the clique either has already, OF soon will have, con-
troll of the entire street supply Whenever the short
contracts are required to be filled, 1t would seem
within the power of the ruling genius of this great
speculation TO make things exceedingly hot for
these unfortunates who will persist in selling what
does MT belong to them. Ii is mainly owing 20 this
persistent short selling that gold is to-day at its
ruling high rates.
Foreign Exchange, under anticipatlons that en-
barrassments in gold deliveries may ensue with
possible trouble in money from the same cause, has
been dull and free operations have been checked,
resulting in the transaction Of business at consid-
eraby lower figures than during the earlier days Of
the week Money has been in abundant supply, and
though in half-dozen isolated cases coin interest
was paid, yet the chief rates have been and z
with idle balances lending every day at g. 4 and
5. Money il steadily accommodating here, aud the
paucity Of business in stocks, and the conservative
tendency of trade, under apprehensions OF renewed
stringency in the FAN thanks to our Legislature
in taking no steps TO modify the Usury laws
naturally tend to keep money rates cheap
during the Summer. Ii remains TO be seen
however how far the market viii be
affected by the threats and acts of the gold corner
ers large business has been driven in commercial
paper on the basis Of 2 20 o per cent. The feature
of the Government bond market has been the active
buying demand Of the foreign bankers, and con-
tnnance of orders far in advance of the supply of
bonds offerings for the street is swept bare of bonds
and the stock Offering is slim. Az eyidencing the
largcncss of this demand may mention that
prominent German house has exported during the