, 1873-01-12
WALL STREET.
Review Of tho Money, Hond, Stock,
,una Gold nRArkcts for the Efeek--
Business Matters Yesterday.


SpeciaE Despatch to 1ik: Chicago Tribune.
New YonK, JIM. 11.-Tho money market
showed signs Of relaxation in tho opening days OF
tho week, but afterwards there was partial
return to stringcncy. Tho January disburse-
ments have not given that ralict to the money
market which many anticipated. Much Of the
money called in during December for payment
OF interests and dividends has not yos found its
way back to Wall street. The Treasury opern-
tions continue to increase tho stringency. From
Nor. ! to the present time, the 1feasury
has purchased about 81 300 900 bonds, and paid
out IS, 529. 900 currency for tie same, while tie
gold sa1es for the game period were $4,000, 600
ard tho currancy absorbed therefor 311, ,124 900.
Some Of the city banks ara receiving National
Bank notes from the gra;n-receiving sections Of
tho W~s::, but very few legal tender notes haTo
yet boon returned. The currency 6cnt to the
South and Southwest to moyo cotton aud pack
hogs las not yet commenced to return. The
absorption Of money each year by railways is
very large, and the effect Of this one On our ou
months has become vary plain. The check given
to tho export trado by the snow blockade ut
Northern ports, ard the horse-di5caso at the
South, has caused revival Of specie shipments,
and during this week about s., ,000, ,000 OF gold
coin has been exported to Europe.
Foreign exchanges have beon generally firm
on h,eher basis than last week.
Tho course OF gold has been mnrkcd by in-
creased tirmuess, md an advance from 1l19s to
11o; on tho rise IN exchange and specie SHIP
ments.
Thorc has been an increased Investment de-
uand for Government bonds, and prices adj
rauccd from X to *, although the highest fig
ures we're not current at the close.
In first-c1asa railway bonds there has boen IN
improved business at full prices.
af nef, market has been very lrrtHuiHT. anu
dealings at Intervals quite active in farorto
shares. New York Central hns been the 1noat
prominent feature, and advanced from 33es to
10l with frequent intermediate fluctuations.
This advance was based on ntreet ruulogs that
tho Company earned s31 900. GOO for the year
ending with December lest; that the net earn
inrs Eero 13 per cent Oh tho stock, and finally
tha. Commodore Vanderbilt was'golng to mako
another scrip dividend. At the close tho ntock
reacted from tho highest point, when it was
announced That the Directors, at, their
meeting to- Gay, changed the details Of the SAo,-
Q09. 600 mort gage. 60 that $50 000, ,0oo would DO
per cent currs1cy bonds, aud $10 00o, ooo per
cont sterling bonds. Horace i. CLARK and Jay
Commodore seems 10 ho moro than match Tor
thom. Eric, UEion Pacific, and Pacific Mail
have been weak end declined. Western Union
has beon a:tiye, advancing abont 8 per cent:
Rock Islaud has been weak; declining from II
to 1Oo1S OIL report that tho Company would
sell at ile morning session Of the Stock Ex-
change, on Wednesday next, 95,000,0oo now
stock authorized soms time since.
The bGnl: statement ia again fa7oEable.
MONEY
Mouev was active q. per cent gold to l-G4,
but closed at Z. There is a good demand for
mercantile pspcr ut S to Il per cent.
BONDS.
Government bonds ruled steady with fair
busisess, except in 1sG7a, which are less active.
GOLD AID EXCHANGE.
Foreign exchange Was iove7 and weaker, with
An increasing supply OF commercial bills. Gold
Was dull throughout ct 11222ss to 11233s.
The stock market opened firm,
but foil OF, closing irregular.
Among the investment shares Michigan Central
WAS conapicious by decline from 105sl to 1o4.
This was based on . CIRCULAR issued BY the Com
pa,1y explaining tho reason for scrip dividend
Instead Of tha usual cash dividend.
PRODUCE.
The arrival of -four was limited, and higher
p1ces vera asked. Tho market closed stronger
for family and medium ainnesota, with mod
crate business doing At the opening there
were few samples Of wheat offered, though
most Of tho holders were worry indifferent about
selling, as the stock is much reduced, and the
supplies in prospect Light: Tho market
cosea stroGgsF goce h&t & orba bt ataady #nte
strong but quiet. Pork WAS firmer but quiet at
913.75 bid and 914.00 asked for new mesa on the
spot. Fifty brlsnew mess sold at 313,87A: Cut
meats were activo for dry Ealted shoulders, Of
which 500 boxes sold for january ut 1-1Gc. b.
con firm, but no decided activity. Long clear,
7c; short clear, TIC. Lard frmer, with sales Of
$50 tc. Western for January 1T 81sc- City is
quoted ut &c. For future delivery we report
sales Of 800 tca at 85sc for April and 8]zc for.