, 1872-10-19
NEW YORK,
Special Despatch to The Chicago Tribune.
BTQCKG.

STOCKS.
| New YonK, Oct. 18.--The feature Of the
stock market to-day WAS speculation for rise.
| The temper Of the market was bu1lish through
out the day, with one or two slight reactions.
| Late in the afternoon, the bull speculation tooK
q very decided shape in q few shares, and a
sharp advance waa Made. Pacific HAIL led the
market, and rose rapidly from 853S to 9593, rise
OF 996 per cent. In the latest dealingsy. Pacific
Mail absorbed the speculative interest. Western
Union advanced from 7694 to 78A; Lake Shore
from 81 to 9296, Erie from 4916 to 81, Rock
Island from 11oX to 1114, Northwestern from
72N to 7915; other fluctuations were X to Il per
cent. The market became weak just before
closing, and prices dropped of from ~ II per
cent. Pacific Hail declined. from 96 to IS, Ohios
from 46 to Is, Western Union from 7871 to 761<5,
Rock Island fell from 1113{ to 110116, and Union
Pacific from 4oh to 98115.
THE MONEY MARKET
easy, but unchanged; from to per cent on
call, with latest dealings at to s. Prime busi-
ness notes pass at IL per cent, With executions
at 3. The Posts money article OF this evening
Says sit is true that the reissue Of $4,000. 900
legal tenders would assist in floating 4 or *
per cent Treasury bond; but the impression has
been that at least part OF thege bonds were to
be put into the National Banks in place
of their $40 bonds- It is also true
that such an issue Of legal tenders would carry
the gold premium to near war prices and would
defer indefinitely the day Of specie resumption
It should be the frat duty Of General Grants
new Administration to address itself to restoring
our currency to sound condition, which, once
obtained, our credit would improve the world
over more rapidly than it half bonded debt OF
the Government, not yet due, was bought
up in single year. The fluctuations
in our currency NOW cost the business
community and people more every year~than the
amount Of bonds retired. We cannot believe
that the reported movement in Phila1elphia
will receive the approval Of the best men there,
and do not for q moment believe that il such
recommendations we're sent from every city in
the country, that General Grants Administers
ton would be SO blind to it's own reputation as
to adopt them"
FOREIGN EXCHANGE
heavy and lower, closing at 10856 to 108%lfor
sixty days, and 1886 for sight.
GOLD
heavy, and declined from 1855 to 1125S.
GOVERNMENT BONDS
quiet and steady, the decline in gold not having
the usual effect on prices, Central Pacific bonds
ClO6eu AZ 1Vut41uu15i QuOA 1dEA4G ul8tH, $50
s9A; land grants, 76ez@771l; incomes, $500
81.
BREADsrUFFs.
Flour opened dull and heavy; medium grades
very firm but quiet; euper6ne and No. 2 dull
and heavy. The storm checks business. At
the close, the market is steady, with fair
inquiry for low grades; very dull" and
heavy for medium, and steady for high grades.
Wheat frner; private advices from London
more favorable, and, with limited offerings, the
market is stronger The market closes stronger
for prime qualities, aud heavy for ordinary.
The supply Of good winter is limited, and
holders firm.
PROVISIONS.
Pork active and in better demand, in part to
fill contracts for future delivery, including in
above 1,750 br1s, seller this month.
at s15,05@15.20, and 1000 brls mess.
seller November, at s15.oo.. Cut meat
more active and steady; sales Of 5000 hams, at
141zc, in pickle; 1900 hams, fresh, at 1o@1o1<o,
and 1000 shoulders, in pickle, at 7c, and 1900
boxes dry-salted shoulders for early December,
at 615c; and 1000 smoked hams at 1616c.
Bacon scarce and very firm; sales
Of 100 boxes long and short
clear as they are at &c, and $50 boxes in cons
dition exc, and 900 boxes long and short clear
for January and February at 756c. Lard quiet
and tame.
TO the associated Prees, Il
WILL CONTESTED.
New YoRE. Oct. 18.-Ihe wiu Of the late Judge