, 1872-11-04
WALL STREET,


Comments OF the New York Press on
Treasury manipuIations--Rev Of
the Money, Bond, Stock, Gold, and
Produce Markets.
SpecieI Despatch to The Chicago Tribune.
New YORK, Nov. 2.-The Express says this
evening: "1Ir. BoutweWs debt statement
turns out like his sale Of gold and purchase Of
bonds on Oct 7, juggle. While buying per
cent bonds, he secretly issued 81, 566, ,664 in
greenbaeks, and Increased debt to that amount.
The issue Of greenbacks, like the sale of gold
and the purchase of bonds, was done in a corner,
to make corner, and to help the few. The
secrecy Of these acts is among their worst fea-
tures.'
The Post remarks on the same subject: "The
public Was not advised Of any such proposed &C.
ton, though there is good reason to suppose
that some individuals we're. These fortunate
persons were enabled to prepare, to their own
gain. for q change Of values. while the general
commercial public, without the knowledge, must
suffer. Whatever authority Of law there may
be, or assumed authority Of law for an increase
authorizes the Secretary to use this power se-
cretly to the immense benefit Of few, and to
the injury aud possible ruin Of the many. This
feature Of the case is utterly indefensib1e, and
even alarming.
The Commercial Advertiser, this morning,
calls attention to another probable Treasury
trick on the general public, as follows: ''Those
who are thought to receive secret information
Of the Treasury's plans we're sellers Of gold yea
terday, and have made 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
programme Of the Treasury Department not yet
announced to the public
During the past week the money market has
dEfted towards higher rates and increased in
activity. The great bulk Of the loans on call
has been made at per cent currency to Z per
cent gold, with exceptions at 1872 to 1-16 oh the
one hand, and to on the other. The discount
market has worked close, and, outside OF the
banks, prime business notes have been quoted
at 10 to u per cent. The great check given to
the transporting Of produce and merchandise by
the horse disease has caused 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.
The gold speculation has been weak, aud the
price has declined from 113s9 to 11l56 to-day.
The somewhat remarkable spectacle was pre-
sented OF 100000 gold coin being exported to
Europe, with sight exchange at = Der cent be-
low the shipping point during the closing dayB
Of the week. Some prominent bankers we're free
sellers Of gold, which gave rise to runors that
the Treasury were selling secretly.
On the Stock Exchange speculation has been
terest has ccntered in few shares. The course
Of the market has been Influenced to consider
able extent By the increased activity in money
and the proposed issue S10,000,000 Chicago d
Northwestern convertible bonds, and 94o, ,000,-
600 New York Central bonds. The latest deal
ings showed an irregular market, some shares
being nearly made up to the highest point Of
the week, and a few close on to lowest quota
hons, while the bulk Of the shares Was about
midway.
THE BANK STATEMENT
ia favorable. Increase in deposits, 81, ,2o2. 500;
specie, 81, ,os3, 800; decrease in circulation,
S94, 800; decrease in legal tenders, s6o5, 800.
IMPORTS AND EXPORTS.
The foreign commerce of the port for the
weak Was as follows: General merchandise
imports, including dry goods. Sc, 49,, ,625 pro-
duce exports. SIS, ,470, ,104, and specie exports,
S1,172,556. Total merchandise imports since
jan against ssnsa Ss2o as
against S199, ,283 o65 last year. Total exports Of
specie since Jan. /, 962 ,48 016, 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 5, with final
business at to 5.
The foreign exchange market was dull and
heavy.
Gold was heavy and lower. In the morning it
declined from III to 111ez, but in the afternoon
111A.
Government bonds we1e heavy and lower
There was fair inquiry for -four. Low grades
Medium amber wheat scarce. Extra grades tirm
but quiet; superdne and No. 2 active and f1pner
at The close. The market for Low grades WAS
quite active for future. Lots On spot quiet In