, 1872-12-22
WALL STREET..
Weekly Review of the Honey, Rond,
Gold. Stock, and Produce NIarkets---
Business Yesterday.


| Business Yesterday.
| Spcoiat Despatch to The Chicago Tribune
New YORK, Dec. 21.-During the past week
money has been very stringent. There have
| been exceptional loans at por cent to first
class bankers and brokers Of gilt-odged reputa-
tion, but the general average Of borrowers On
| call have been forced to pay from 1-32 to 81 per
diem, or from about II per cent to 1877 per cent
| per annum. The stringency during the week
has been equal to anything previously
experienced this season, and ia 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 bonda and other obligations of the City
Of New York. Up to Friday, this bank had paid out
about 81 500 o0G in checks on account Of revenue
bonds, and the recipients Of these checks were
savings banks, insurance and trust companies
and estates; but by far the greater portion Of
tie checks paid out has been to the savings
banks are restricted by law to loaning on secur-
tiles to United States bonds, New York State,
ths bonds Of ot other States. T1e savings
bank manage!s for several days past
cent to leading banking houses, on pledge Of
Government bonds, but these securities arc
scarce here. During tho coming week, many
corporations will begin to call in their money
preparatory to disbursing early in January on
explain the natural causes st work in making
money scarce, and dear. The discount market
is close; scarcely any primo paper passes under
II per cent.
The continued scarcity of commercial bills and
the demand from German bankers for exchange
on account Of imports OF Erie stock caused rates
to advance to the highest point for some timo
past.
Gold speculation has been weak, and the price
has declined from 1928 to 111335S, on the pros
pectlye outflow from the Treasury, on account
OF the January interest.
The stringency in money, and the decline in
gold, hayo produced q decline Of 4 to y! per
cent in Government bonds. but other invest
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. Gou1d's diegorging has
lifted Erie about 9 per cent.
The bank statement is again unfayorable.
week is as follows: General merchandise i'm
ports, including dry goods, Sc, ,912, CTS; produce
exports, s., 1925 specie exports, S4s8,392.
MONEY.
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-
teruoon there was an advance to 1-16, and q
large business was transacted at this rate, al +
though just previous to the close, money grad
ua11y declined to Z currency.
GOLD AND EXCHANGE.
Foreign exchange continues firm. Gold Was
dull throughout at 11114@1l1M.
BONDS.
Government bonds were unchanged and very
dull.
STOCKS.
The stock market was comparatively quiet to
day: Erie opened at 81, and after furry fol
of ~.
PRODUCE.
Flour opened heavy but closed more active
and better for choice family brands and choice
shipping o1tras. Grain opened stronger. Win
ter wheat was higher and scarce. The market
closes irregular. The demand is fair for spring |
wheat for export. Pork vas dull, and nominal |
on the spot. 4 moderate jobbing business was
done at S1325 for DID, and $13.75 for uninspect- |
ed new mess. Cut meats steady; 100 boxea dry
salted shoulders for January sold at 4Mc. Bacon,
sales Of 72 boxes short rib at 614c, and Is bo1es
long clear; for February and March, at 6Ac.
Long clear is offered On the spot at 6Ac. Lard |
moderately active and unchanged.