, 1872-10-29
WALL STREET.
Review Of the Money, Rodi1, Stock,
Gold, and Produce Markets.


Gold, and Produce Markets.
Special Despatch to The Chicago Tribune.
New YORK, Oct. 28.-The Bulletin anticipates
brisk move in produce exports to Great Brit
ain, to supply the deficiency in the cereal crops
there. It says: "The money value OF the def
cheney is variouRy estimated at from $50, ,000, 900
to twice, and even three times that amount.
But, whatever it may be, it is quite certain that
the United States will be required to supply
large proportion; so that we may
look for very large and active
foreign breadstuffs trade. This view is
also sustained by thefact that the wheat supplies
from Russia, where England for the last few
years, has drawn the bulk Of her importations,
are likely to be less than usual, owing to the un-
favorable harvest in some of the more important
grain producing districts Of that vast empire.
The supplies from Taganrog, the Sea Of Azof,
and the Black Sea are much below the average,
and at last accounts prices we're rising at nearly
all the. ports Of supply. This advance
may be partly accounted for by the eagerneas Of
merchants to increase their supplies before the
close of navigation, but under ordinary circum-
stances the supply at shipping ports is equal to
the demand. But while England will take all
the grain We con spare or find meanb to ship,
and pay fair price for it, any speculative move
ment to force up rates or make s'corner" in
wheat in view Of the European exigencies would
not be likely to prove any more successful than
is usual in such enterprises.
The stock market was excited and irregular.
The reported loss Of the Pacific Mail steamer
Quatemate ran the price Of Pacific Mail down 10
per cent The dealings in this stock we're very
~, with heavy transactions. The rest Of the
active list except Erie, declined from 1@1A,
Erie was strong, and advanced II. The market
in general closed very weak,
MONEY
opened easy at 6@7, but the stock dealings rem
dered the market stringent in the afternoon, aud
before the close of bank hours, loans we're made
al high as 1-32 to LIS per diem. There WAS an
active demand for discounts, and ut the outside
banks prime mercantile paper passes at a@12
per cent, with few sales under 10 per cent.
GOLD.
The market Was quiet throughout: Govern
ment bonds quiet and steady.
The World says OF the stock market: ssThe
some Of the leading bears by which they have
secured their co-operntion, by system Of puts
and guarantees against loss, to run up prices
for the purpose Of leading outsiders to buy, so
that they may unload to them. Affairs are
ssSs 50 "psRssd pas aSa BY this 5e.s fsae ?t
is impossible for the public or outside operators
to make money. In plain terms, cliques control
the prices of the leading stocks, and can put
them up or down as suits their interest. Since
Mr. Boutwell, came into the money market, the
prices OF the leading shares have been marked
up by the clques about s6o, 1000, ,000."
PRODUCE.
The market for all grades Of -four is dull and
weak; the difficulty Of moving it prevents any
business Of moment, and prices may be regard
ed as nominal At the close the market was
dull and lower for all grades under $780, Wheat
opened dull and heavy; offerings liberal,
and private advices from London unfavorable.
The market closes in buyers favor, with very
moderate export demand. Pork only moderate
" active and steady. Cut meats rather weak on
spot bacon in good demand for future sales
Of $50 boxes short clear, for February, at 8]9c;
goo boxes short clear for January; 500 boxes do
for February and March, and in Milwaukee LOCO
boxes long and short clear, all on private terns
Lard steady, with fair trade.