, 1872-10-25
WALL STREET..

Review Of the Money, Bond, Gold,
Stock, aud Produce Markets.
Special Despatch to The Chicago Tribune.
NEW YoRK, Oct. 24.-Contrary to general e1-
pectation hero, tho Bank OF England's minimum
discount rate was not advanced. This morn
ing's dispatches cay money is still active out
side the bnnk at about 6 per cent, the bank rate.
The failure to advance the rate may be ex-
planned by the statement in the Lo1don Times
this forenoon, which, as cabled to Kiernan's
new agency, is: "The French Government is
expected shortly to Iberate part OF e26, ,O00 900
sterling, which they held" This supplements the
dispatches On Saturday last, to the effect that
what is equivalent to $40 0OO, 900 were to be re-
leasedfrom the Bank Of France, and put in the
Bank Of England. The latest English papers
received by mail allude to such a transfer. 1t
is supposed the money would remain with the
Bank Of England until the end Of the year, when
the next indemnity payment from France is due
Germany. The news from London to-day had
the tendency to produce frmer feeling on the
Stock Exchange in early dealings, and decline
in the gold premium; but later, the speculation
was somewhat reversed.
MONEY.
The money market WAS easy in the morning.
Call loans were made at to per cent, but later
A@NAAA0SA F@A
tile paper is quoted ut 10@12 per cent. Some
choice names are held at per cent. Time
loans are not easily negotieted, and nothing can
be done better thnn 7 gold and 8 commission,
which varies according to the time which the
loan rune.
TIE GOLD LocK.
During the morning borrowers had to pay as
high as Is per cent per diem for use OF gold,
but in the afternoon Z per cont for carrying:
1.-THE Bank B. Of Of Montreal" the RsraM y3
Drew, Gould, and others in locking
up gold. This ambitious Canadian institution
presumes to enter Wall street to derange busi-
ness. Surely the banks and capitalists of this
great commercial metropolis can find resources
enough to checkmate the adventures OF this
Colonial speculator, though he his ready to crosa
the border with fvo millions Of gold in his car.
pot-bag.'
FOREIGN EXCHANGE
was frmer to-day on tho increased rise in the
cash gold market. Prime bankers advanced
rates to 100 tor 60 days, and 110as for sight, The
actual business was at los 13~1G@10856 for long
sterling, and 11o16@11o1 for sight.
declined 11216 early in the day, but afterwards
recovered to 1855.
The stock market was quiet and steady in the
morning, but more active in the afternoon,
when prices declined on the general list. Busi-
ness Concentrated in 8 few shares, and only
important fluctuations in three or four special
tiles. The decline ranged from Is to ~ pei
cont. During closing hours there WAS consider
able pressure to sell, aud some large blocks
changed hands. At the final close the market
was weak, and the lowest prices Of the day cur
rent in most cases.
GOVERNMENTS.
Government bonds were quiet, but frnaer.
THE PRODUCE MARKETS.
Flour was dull and heavy, the supply Of Low
and medium grades being larger. These are
heavy. Family grades firm but not active: No
2 and superhne dull and weaker. The disease
among horses retards business At the close
tho market was heavy for all grades under $9.0(
and very quiet. In wheat there vas little doing
arrivals large, and, owing to the absence Of
much freight room and less favorable news from
Europe, prices we're lower. The market closee
lower tor spring. Corn in fairly active demand
confined to shippers. Pork -steadier
with q fair local and moderate future
demand. For future delivery, sales of 750 brls
seller October, at $3.50. Cut meats steady and
in more active demand, chiefly for city cuts
Bacon dull and heavy. Lard firm, but quiet, 70,
Western,