, 1872-12-16
WALL STREET..
Review OF tho Money, Gold, Eond,
Stock, and Provision Markets for
the Week Ending Dec. ID.

Review OF tho Money, Gold, Fond,
Stock, and Provision Markets for
the Week Ending Dec. Ii.
Special Despatch to T71e Chicago Tribune.
New Yonz, Dec. 14.-During the past week
tho money market has been mainly stringent,
and the bulk Of the borrowing On cali has been
ut 7 gold to 1882. Tho Treasury sale OF ono
million gold, and it's failure to buy bonds, worked
against borrowers. In the stock Market the
ownership of speculative securities has been
largely concentrated of late in the weaker class
Of operators. and there has been more
competition for money on call. The
heavy decline in. some securities during
the week caused more or leas shifting Of loans,
and induced greater security into the standing
Of borrowers. Some stocks which tluctuate wildly
on the Stock Exchange are now, to . considerable
extent, excluded from collatora1e, and this tends
to aggrayate the financial situation. In addition
to this, money always works close here at this
time of tho year.
Tho discount market has been close and un-
settled.
Foreign exchanges have improved, and bunk
CTS gradually advanced the rates for sterling in
consequence Of the growing scarcity of CONNER
During the week the gold speculation has bocn
on I tic p reduction Of tho Bank of England rate
and the improved condition Of affairs at London.
The stock market has been irregular and very
eccentric with Some wide and violent tluetua-
tions in a few shares. The features OF the week
has been Pacific Mail, which rapidly declined
from 80A to 7036, a fall Of 9X per cent, due to
the continued 1oss of its steamers. Panama
shares have moved directly in sympathy with
Pacific Mail, declining from 1856 to 124, fall OF
II points, with itiul rallies in late dealings.
The Hannibal l. St. Joseph shares, after q long
period Of dulness, hayo suddenly 1oomod up
prominently, common rising from 3425 to 495A and
preferred from IS to Il. This advance OF Is to
16 points has attracted much attention, and
greatly increased the dealings. The extreme ad-
vance WAS not fully sustained at the close, and
widely, advancing 10 Ill early in the week, and
declining to 1091S. The final depression in this
stock Was based on tho rumo1B Of o new issue,
and, also, Of some trouble about tho land grant
OF the old Mississippi & Missouri Company,
swallowed up by Rock Island some
years since. Western Union Tele-
graph VAS strong at ono time. and advanced
to so, but subsequently, became weak and de-
c1ined to 1917. The dulness in Wabash at one
time gare way to increased activity, and an ad-
vance from 60 to 721, but later the stock reacted
to 70M, aud the actiTity subsided. Early in the
week, Northwestern shares advanced to ~ Tor
common and 92N for preferred, on the declara-
tion Of 31I per cent dividend on boti Classes.
but later the advance was partially lost, and the
stocks wero quiet. Boston, Hartford d l4rlo
was aroused from it's lethargy, and ran up from
was almost entirely lost. st. Paul common 40,
vanced from 50 to 5514, and afterwards declined
to SIN. Delaware, Lackawanna western
declined from 94115 to 81 on the passage Of the
dividend. Canton declined from los to 101; At
lantic Mail from 14a9 to 1873; Quicksilver, com
mon, from 4S15 to IS, and preferred from 524
to 52H. The fluctuations in the balance Of the