New-York tribune., 1874-06-01
THE MONEY MARKET.
SATURDAY, May 30--P. N.

SATURDAY, May 3O--P. N.
The week closing to-day has been remarkable
only for the fact that it has exceeded in dullness
and inactivity any Of its predecessors during
the present year. Cotton, corn provisions. and, In
fact. all kinds of the products of the country, are
slow Of sale at slightly declining prices. Money con-
tnues great abundance at to per cent on call,
with.satsfactory coaterals and TO 8 per cent for
frst-class mercantile PAPER London rates being
equally cheap. which facts make it reasonably clear
to the ordinary understanding that the general
staguation in trade which prevails throughout this
country, and only to q somewhat less degree In
Europe cannot be properly charged to lack OF
"facilltes' for the transaction Of business. what
Congress may do on the currency question during
the three weeks of the session still left except to
talk 1t Is impossible TO divine, but it is safe to say
that 1t will do nothing in the way of contracting
the volume Of currency. and even if it should succeed
in deyisIng measure for its further imitation that
wond meet the views of the President which is not
very probable it is difficult to see what effect it
would have upon the business interests OF the coun
try other than to intensity the already widespread
distrust in present values. Government bonds
have been III fair request during the week, both
for home and foreign investment. while other
securities as a rule have been depressed. which
shows disposition on the part of capitalists to
leok to the certainty of an income from their
investments rather than to high rate OF
interest, and this is another evidence OF the dis
trust in values TO which have just referred. The
advance in United States bonds since last Saturday
has been to per cent, the greater improvement
having been in Currency Skies. The gold market
has been fat and heavy in the face Of large exports
of coin and bullion. and exchange has been quiet
and steady all the week. while State and railway
bonds have been dull The speculation in railway and
miscellaneous shares opened with some spirit at the
beginning of the week, and prices advanced slightly
on a limited volume of business but the market
soon relapsed into duness and dropped. closing gen.
orally below the quotations OF last saturday, though
there are few exceptions to the rule The decline
ranged from to = per cent, viz: Central and Hud-
son and Erie each Wabash. St. Paul Common.
and c., c. and L c.. each !. Northwest Common,
2 Harlem, st. Paul Preferred, Hannibal and st.
Joseph Common, Western Union Telegraph, and Pa
cifc Mail. each Union Pacific { Lake Shore, l3;
and Northwest Preferred which seems not TO have
been much preferred in this instance, IL per cent.
On the other hand Rock Island remained stationary,
while Ohio and Mississippi and Hannibal and ST.
Joseph Preferred advanced each per cent; New
jersey Central, J; Delaware. LackAwanna and
Western. and Panama Railroad, II per cent. This
being Decoration Day" has been generally OBJ
served as a holiday, tine Stock, Gold, Cotton, and
other Exchanges, the banks. and as rule che mer-
camille establishments, having been closed. The
financial news from Europe IL unimportant. The
Bank of England lost to-day by withdrawal Ell0OO
sterling and money Is easy.
The following shows the exports exclusive OF
.peciel from the port Of NewYork to foreign ports
for the week ending IAy 2j, and since the begin
ming Of the year: -
For the reek....... 81 93j 59j sj2Oj3 31t s537603i
Previously rePJrtld sO9)o.Gj lObl2J.i5@ lo'Soi'ooo
Since Jan I.sJ7 59s sIll32s656 sII2 gs95o2
Prce % -0.l......... A4J's 4Aos AA-s
The following shows the imports Of foreign dry
goods at the port of New-York for the week ending
May % and since the beginning Of the year:
D., t%r csa. q. Y't g. ,,f isios siS57sos s75i5e
General Merchandise. S.sI-,b14 J,i1StII f'4-l'Ito
Total 70, reex.. 81 % 7s2 s55Ij 92I ss.5so,605
Proy.oa, reported. l-J9oJ.17l l73i4i61s l'OI1o'-oo
Since Jan 1...slg6 3o5 jj5 sls626O579 sl7o.7O6.o1o
The following are the dry goods imports included
in the above for the period
ra,.Is % :. a. he s'tS 5or,. s9;is c7s So slHs5e
Thrown narket." I72i37i 4,OlsoOo I'7"'o''
F,t.re lt 5e .ort s6s 4IIii3 sjS3565l7 80 5i2tG2
Tbrowa on mlrsst.. 6O3Ijlu0 5JJJ1,2l3 5ZlojJJi
The Custom house was closed at an early hour on
Saturday Decoration Day.. and we are consequently
unable to give the official amount Of the exports of
sprcie for the week, also our comparative yearly
table