, 1872-12-14
WALL STREET..

Review of the Money, Gold, H0nd,
Stock, and Produce MARKETS.
Special Despatch to TIE Chicago Tribune.
New YonK, Dec. l3-The favorable foreign
advices, to-day, both in London and On the Con-
tinent, depressed gold u, the closing price being
11276. The short gold interest has been greatly
reduced by the recent squeczes. The bears !"
in gold havo been squeezed 30 often this year
that they hold off.
was active nearly all day, at per cent to 1-64
for call loans, but closed easier at 7. The con-
tinued decline On the Stock Exchange lessena the
demand, and city banks are receiving more cur
rency from the interior. These receipts
neutralizo the shipments to the South
for cotton, ana also the demand from
the pork packing trade. While it is not
reasonable to expect other than an active money
market until the early part Of January, yet there
are indications Of unusual ease, both here and
in Europe. The disbursements of the German
Government, beginning next January, will re-
,Geve sufficient amount OF money to stimulate
active speculation in securities. Commercial
paper with leading names is held at 10 to u per
cent, with few sales under u per cent.
STOCKS.
The stock market is dull and depressed, with
continued decline in the leading specialties.
The Epening Preas Bays the reason assigned,
to-day, for the decline il Rock Island is the pros
pect that the Company will lose in the litigation
now pending good part Of theirlands which come
to them by one OF their leased lines. The real
reason for the decline probably is that the
streetpool, organized 8 week OF two since for a
4 or per cent turn, have sold out, not having
been able to compel the managers OF the Com
pany to take their stock on the threat that the
buy the streetpoo1 stock. There is . similar
outside pool in Western Union Telegraph,
which advanced the stock to 80, on the e1pecta-
tion that the managers Of the Company Wonld
be compelled to take their stock from them
at advanced figures. It is very, well
less stock than usual, and that they apprehend
hostile legislation in Warrington this winter.
The outside pool, however, may yet succeed IN
making profitable speculation, Independent OF
present managers, who have improved the prop
erty very much since their advent to power,
when stock sold at 5000. In regard to the
Pacific hail, the loss OF steamers OF late has i'm
paired the value OF stock, which, however, Ii
governed fully as much by speculative as BY in
trinsic considerations.
The EUeni1.g EIpress one Of whose editors ia
in Congress, says The Postal Telegraphic bills,
two Of which are reported, Mr.. CEesWens and
Mr. Palmer's, will result in close vote and
great strife. Creswelps bill, which asks $12,-
valued at $40 00o, 900, will not pass even through
the Committee On Appropriations. Mr. Palmer's
plan allows company or companies to conduct
the telegraph system as q private enterprise,
the Government to fix the tolls.
EXCHANGE.
Foreign exchange WAS stronger for long ater-
ling, but sight was unchanged.
. BONDS.
Government bonds we're quiet, and in part a
fraction lower
The arrivals OF -four are light. Trade brands
are dull aud irregular, and the market closes dull
and lower for most grades under $3.50. The
trade buys very sparingly. No. 2 and snperhne
done in wheat at the opening. Most holders are
firm, but buyers held back. Winter is still held
higher, and is in Light supply. The market
closes quiet for spring, and dull for winter: Pork
was rather drmer, with Rales Of about $50 brls
at $13.05 for old for December, $l3.62}4 for in
epected new in jobhing way, and 3l1.76@12.00
for extra prime; Cut meats are quiet; the sup
ply Of Western hams is light. dry-salted ehou1-
ders On the spot being about 4316c. In bacon
there WIS some business 1T steady prices. Sales,
ESQ boxes at ?zac for short clear for early Al;
ls in moderate demand and steady.