, 1872-11-19
WALL STREET..

Review of the Money, Ronds stoch.
Gold, and Produce Markets.
specia! Despatch to TIE Chicago Tribune.
NEW YORK. Nov. 18.-Ihe improvement in the
tone Of the London market continues. The
turning point wss last Wednesday. The ship
:to Of Sc, ,oo0, 600 in gold from here has ma-
:tIR7aI55ic13~ affairs in London, and it 1s BE-
/ ., .pu1ents will suffice. Foreign
b&15al uoIr :.,, taking this view Of the situat-
ton, and are, u some cases, lending their sixty
day sterling bills to the large holders Of stocks
The Boston fire has affected tae
mercantile credits more than the call
loan market, and whatever bad results re are to
feel here, it believed, will be felt later on. In
business in Boston, It is expected, will in &
short time release, for temporary use Oh call, 3
GOOD deal Of money. Boston balances III our
banks have increased during the past week, not
withstanding the fact :hat We have shipped some
currency to Boston. we are still, however, send
ing currency, chiefly 1egal-tenders, as NATIONAL
Bank notes are scarce, to the South and Vest
Applications for discounts at the banks are
large, and in open market buyers OF paper dis,
criminate closely, and the best double named
does not pass below IL per cent.
Until the full effect of the mercantile losses
by Boston can be obtained, this DISCRIMINATION
will work against free movement OF paper.
Many insurance companies have money !pa1ea ha.
already been called in, and more wall be called
az soon as the losses are adjusted. Theao facts
are inducing increased caution in all directions
HONEY.
in the afternoon. Early III the day borrowers
On call with stock collaterals peid per cent
gold, but rates steadily hardened, and late busl-
ness was at 1-16 to Il per cent per diem-
FOREIGN EXCHANGE
uas heavy and lower under limited demand
and an increased supply: Some OF the bankers
have been 1oaning their bills on stock couateIas,
and the same ere pressing on the market. There
is also better supply Of cotton and other CON-
mercia1 bills.
was dull during the greater part Of the Day at
113k to 1883, but late in the afternoon Little
irmer, and some fow sales we're made at l1SA.
STOCE9.
The stock market opened irregular, first ad-
yancing slightly and then losing the ADVANCE
Owing to the deaEness OF money IN the after
noon the market fell of Il to 3S. The buslness
WAS light throughout.
The Erenina Post says: e. We are unable yet
to make the announcement by authority that the
Chicago L. Northwestern Railway Company WILL
issue consolidated mortgage instead OF puttlng
out 910,000,000 OF convertible oonos' pug naV@
little doubt that the former method OF rals1ng
the money for the company will be adopted It
is noticeable that there is is an unusual amount
of money-raising BY railroads this season. Ine
railroad business is good, and some OF ne ne"
tiles. and not to nav Dividends 6H existing share
capital"
Government bonds closed quiet and firna-
PRODUCE.
The inquiry for -four was light, With less pres.
| sure to sell the medium grades: The cold
| weather induces more frmness. There 1s some
inquiry for shipping brands for future delivery
Fanl7 grades are without important change.
At the close, the market was irregular, and easier
for medium grades and firm for low grades, With
eome demand. Family brands dull but STEADY.
demand chiefly for export. Winter firmly he]a,
and offered less freely: The market c,o9es 70
higher for spring.. and frmer 3gr & #inier. a11a.
Pork was dull and rather Wesk Mess, seller
the month, vas offered At a15.1275. Cut meata
generally quiet on spot. Bacon acti7e fo1 f9tqre;
but que Th long cear auotbsa at sS
Tor winter months at 7Ac- Lard Was quiet
and rather unsettled for Western, for which 82lo
was bid on the spot, and $50, asked.