, 1872-10-20
NEW YORK.


~A-ANeA3~% ~'~A'e
spects The monetary situation has been char-
| acterized by ease for call loans, which have
ranged from 4 to per cent, with occasional ox-
ceptions at lower rates. Prime business notes
haye been discounted in open market at to IL
per cent.
Foreign exchanges wero generally firm, until
near the close, when the borrowing rates for
cash gold had q tendency to weaken the market.
In the Gold Room the price has 1uctuated be-
tween 112t5 and 11322SS, closing with firm feel
ing. Speculation on the Stock Exchange has
been active and excited, with frequent and rio-
lent fluctuations in some shares. During the
first two days of the week buoyancy prevailed in
marked degree, but afterwards thore was a
sharp reaction, followed by an upward move
ment aud irregular market to lie close. Pacific
Mail has been the leading fcsiure throughout
the week, and has controlled, to E con-
siderable extent, the general market. Tho
advance in Pacific Mail for the week
was 15A per cent, rising from IS to 100!1. Tha
intermediate fluctuations have been wide and
frequent, while dealings bare been On an enor-
nous scale. Panama advanced per cent, and
afterTard lost part Of the improvement. Can
ton advanced 6 per cent, from sc to 102. Weat-
ern Union advanced 3ss4 per cent, ind closed
with q reaction Of ~ per cent. Rock Island
advanced per cent, and finally lest the nd
vance. Erie advanced 311 per cent, and later,
reacted about ~ per cent. Tho balance OF the
list advanced from ! to 3per cent and toward
the close lost the advance. In some stocks the
lowest prices Of the week we're current ut the
close,
The foreign commerce ot ftha port for the
week was as follows General merchandise i'm
ports, including dry goods, s5,30l ,107 produce
exports, Sc, III, ,056, and specie exports, $780,
1888. The total merchandise imports since Jan.
we're $355, ,230, ,494, against 5305, ,390, ,256 last
year. The total exports Of produce since Jan. /
$685. 70s 156, against 51o9, 795 last year.
The exports Of specie since JAN are S53,859,-
425, against s61, I'll, SAG last year.
Private aivices from London today reported
money active in the open market, and following
close upon this we're rumors TINT
tho Bank OF England Directors would
meet on Monday and advance the rate of dis
count to Per cent Late in the day special tel
egrams stated that tho Bank Of France will de-
post one hundred million francs in the Bank Of
England. One authority stated that this was
movement Of assistance, while another had it
that it was an exchange transaction in connec-
tion with the French Indemnity, at the close
every one seemed to be puzzled in regard to all
these reported financial movements abroad, and
nothing WIS apparently known here, even
by those usually well posted.
The bank abatement is favorable. 1t shows
that tie banks have made net gain Of 4,412,-
075 in their legal reserve. They now hold
e8,027,475 above the Is per cent required by
law.
CLOSING RATES.
Money was more active at intervals to-day,
and ranged from to per cent.
Foreign exchange closed up quiet at 1885 to
1oss< for sixty~day, and 11o15 to 11o2l for sight.
Gold was firm early in the day, and advanced
from 112s5@ to 1885, but in the afternoon there
was decline to 1125s, followed by rally to
1895.
The stock market to-day Vas irregular being
higher in Pacific Mail, and lower in the general
list. Pacific Mail opened at IS, advanced to o6,
declined to 9314, advanced to 80, reacted to 95m1
and finally advanced to 1905. In tho general
list there WAS decline Of from II to 2h per
cent early in the day, but during the afternoon
there vas partial recovery. Western Union
declined from rs to 75s5, and then recovered to
Tx, closing at7611. Chicago, Columbus l. In
diana Central declined from 35e4 to 335S, end
rallied to 549. Rock Island declined from 1l1k
to 10oS, and later recovered to 1909. Erie de-
cliued from b0A to 4915, and rallied at the close
to 50M. Union Pacific declined from 391< to
372a and afterwards advanced to ssM. North
western common and Ohios declined TX per
cent, and rallied about per cent at the close.
New York Central and Wabash fell of per
cent, and recovered part OF tie decline late in
the day. Other fluctuations were about u to Is
per cent, and generally unimportant. The
market WAS affected by the reports about the
financial situation in Europe.
Government bonds were quiet ard steady.
Central Pacific bonds closed at 100@100]a;
Union Pacific 6rsts, s83S@89; land grants, TIC
771s; incomes, 8014@8os5.
BREADsTuFFg.
Flour very dull and Irregular. Low grades
more plenty aud easier; fancy grades in re-
duced supply, and very choice higher and in good
demand. No. and superfno dull and heavy:
At the close the market VAS weak for1ow grades,
with moderate inquiry; choice family Strong.
Holders Of wheat were firm, but buyers held of.
Arrivals light aud stock Of winter very limited.
Market closes steady for spring. firm for winter,
and fairly active. Demand chiefly for export.
PROVISIONS.
Pork again better md in actiYe demand, ip