, 1872-11-03

OF leeal lenders, there certainly is mono which
autnor1zes Ine secretary to use this power Be-
cretly to the immense benefit Of few, aud to
the injury and possible ruin Of the many. This
feature Of the case is utterly indefensible, and
even alarming
The Commercial Adoertiser, this morning,
calls attention to another probable Treasury
trick on the general public, as follows: Those
of the Treasury plans we're sellers of gold yeg-
terday, and have mada money by their sales.
They have been been selling again this morning.
and the gold brokers suspect that the sales are
based upon private knowledge Of the November
announced to the public"
MONEY.
During the past week the money market has
drifted towards higher rates and Increased in
activity. The great bulk OF the loans on call
has been made at z per cent currency ~ to Z per
one hand, and 3 to on, the other. The discount
market has worked close, and, outside Of the
banks, prime business notes have been quoted
at 10 to II per cent. The great check gwen to
the transporting Of produce and merchandise by
the horse disease has caused q greater pressure
for discounts.
FOREIGN EXCHANGE.
The foreign exchanges have steadily declined,
under very limited demand, an increased sup
ply Of cotton bills, and the uncertainty attend
ing the daily rates for the use Of cash gold.
GOLD.
The gold speculation has been weak, and the
price has declined from 11335 to 11l3s to-day.
The somewhat remarkable spectacle WAS pre-
sented Of $780, gold coin being exported to
low the shipping point during the closing days
sellers Of gold, which gave rise to runors that
the Treasury we're selling secretly.
On the Stock Exchange speculation has been
irregular in the extreme. The speculative in
fare1f haa carfara6 a. fayv a1prAa The
of the market has been influenced to q consider
able extent by the increased activity in money
and the proposed issue 31g000,000 Chicago d
Northwestern Convertible bonds, and $40,000,- :
ings showed an irregular market, some shares
being nearly made up to the highest point Of
the week, and few close On to lowest quota
tions, while the bulk Of the shares WAS about
midway.
THE BAHK STATEMENT
is favorable. Increase in deposits, 81, ,203 800 !;
increase in loans,- 81, ,907, 800; increase IN
specie, 31,093, 300; decrease in circulation,
$4,000 decrease in legal tenders, 96o5,6o0.
IMPORTS AND EXPORTS.
The foreign commerce Of the port for the
week vas as xfollows.: General merchandise
imports, including dry goods, Sc, ,487, ,625; pro-
Sl,172, ,556. Total merchandise imports since
Jan l, 1885,, III, $50, against $780, 931 649 last
A.1N -
specie since jan /, AS o16, against $62 1885,,
072 last year.
MARKETS YESTERDAY.
Money Was generally easy to-day. In the
morning call loans ranged from to per cent,
but in the afternoon declined to 8, with final
business at 4 to S.
The foreign exchange market YES dull and
heavy.
Gold was heavy and lower. In the morning it
declined from 112 to 1111S5. but in the afternoon
there was q frmer feeling, and recovery to
111I.
Government bonds were heavy and lower.
There was a fair inquiry for flour. Low grades
very scarce, and shipping brands wauted.
Medium amber wheat scarce. Extra grades firm
but quiet; super6ne and No. active and drmer
at the close. The market for low grades was
quite active for future. Lots on spot quiet. In
wheat nothing doing; holders asking higher
prices for shipping qualities winter held high
er but quiet. The market closed dull and weak
er on spring, and steady but quiet for winter.
Shippers and nillers held of. Pork unsettled
and easier at the close for future delivery dull.
Cut meats weaker and less active. Bacon weak
or. Lard weaker,