, 1872-12-23
WALL STREET..
Weekly Review Of the Money, 8ond,
Gold, Stock, and Produce Markets.--
Business Yesterday.


Gold. Stock, and Produce markSts.--
Business Yesterday.
Special Despatch to The Chicago Tribune.
NEW YoRK, Dec. 21.-Dnring the past week
money has been very stringent. There have
been exceptional loans at per cent to first
class bankers and brokers' Of gilt-edged reputa-
tion, but the general average Of borrowers On
call have been forced to pay from 1882 to IS per
diem, Or from about u per cent to 1877 per cent
per annum. The stringency during the week
has been equal to anything previously
experienced this season and is largely due to the
United States Treasury continuing to Withdraw
currency from the depositaries in this city. One
Of the large city banks has been forced to call
in q considerable amount of money to meet
revenue bonds and other obligations OF the City
of New York. Upto Friday, this bank had paid out
about 81 soc, 900 in checks on account Of revenue
bonds, and the recipients Of these checks we're
savings banks, insurance and trust companies,
and estates; but by far the greater portion OF
banks in this and adjoining cities. The savings
banks are restricted by law to loaning On aecur-
tiles to United States bonds, New York State,
fGeng 9e g9n city + o5sr ana ssfa t9En Se RSed sag an
bank managers for several days past
have been offering money quite free1ey at per
cent to leading banking houses, on pledge of
Government bonds, but these securities are
scarce here. During the coming week, many
corporations will be gin to call in their money
preparatory to disbursiug early in January on
account Of interest and dividends. These facts
explain the natural causes at work in making
money scarce, and dear. The discount market
is close; scarcely any prime paper passes under
IL per cent.
Foreign exchanges have gradually improved.
The continued scarcity Of commercial bills and
the demand from German bankers for exchange
On account OF imports OF Enc stock caused rates
10 ~ {1,a irEau nj i'm "a
past.
Gold speculation has been weak, and the price
has declined from 11235 to 111a44, on the pros
pective outflow from the Treasury, on account
| OF the January Interest.
The stringency in money, and the decline in
| gold, have produced q decline Of a to q per
| cent in Government bonds, but other invest
J ment securities have been firm. The railway
and miscellaneous speculation has presented
some curious and exciting features, and, taken
| altogether, the events OF the week on the Stock
Exchange arc among the most remarkable in
! the history OF the Institution. The general list
| has advanced steadily. Goulds dlsgorg1ng has
| lifted Erie about 8 per cent
| The bank statement is again unfayorable,
! The foreign commerce OF the port for the
| week is as follows: General merchandise I'M
ports, including dry goods, Sc, 912, ,o75 produce
exports, $500, ,541i specie EXPORTS $a88's92.
Money was in better supply to-day, and call
| loans we're easier. Early IN the day Il was paid
| and then the rate declined to gold. In the af-
| ternoon there WAS an advance to 1-16, and a
large business Was transacted at this rate, al
though just previous to the close, money grad
| ually declined to currency.
| GOLD AND EXCHANGE.
| Foreign exchange continues firm. Gold Has
dull throughout at 11114@l1A.
/ BONDS.
| Government bonds we're unchanged and very
| dull.
/ STOCKS,
The stock market was comparatively quiet to
day. Erie opensd at 61, and after furry fe]
OF ~.
| PRODUCE.
Flour opened heavy but closed more active
| and better for choice family brands and choice
shipping extras. Grain opened stronger. Win.
ter wheat was higher and scarce. The market
closes irregular. The demand is fair for spring
wheat for export. Pork was dull, and nominal
on the spot. 4 moderate jobbing business wac
done at $13.25 for old, and 51s.75 for uninBpectr
ed new mess. Gut meats steady; 100 boxes dry
salted shoulders for January sold at 4s4c. Bacon
sales OF ~ boxes short rib at SIC, and 25 boxef
long clear, for February and March, at 6Ac
Long clear ia offered on the spot at 6Nc. Larc
| moderately active and unchanged.