, 1873-02-17
WALL STREET.
Financial and Commercial II 4ovicV for
the WocIs.~Thc Markets YeAtcrduys

k1nnnG&ul MnQ lnmCTCl11 kkoFAcyF XOT
tho vvoolS.~Tho Markets Ycstordnys
Special Despatch to The Chicago Tribute.
New YonK, Fob. 15.-During the past wool
orally boing 1-32 Foreign bankers hnvo lonnod
thuir orodit freely to rpooulaeora againot ntool1
collhtordls.' Thia has denlorn1izod foreign ex-
changes, and carried down the rates for sterling
to d lower point than for some time past. Tho
speculation for riao in gold has mado stoady
progresses, and tho highest point OF present up
ward movement has been reached. Tho two OK
tromes Of the past wcok woro 11994@11456.
Government bonds llavo been atoady and uni
form on small dealings,
Erat-olass railway mortgages and other prime
investment soc'1rites havo boon firm, with
moderate domand.
Tho stock market has boon irregular, and in
tho main weak and lower. Largo holders Of
atocl1s were froa Hollera during tho woek, when
weak holders wore forced to pay fancy ratoH for
money. During tho closing days, tho general
market drifted into du1neBB, closing heavy On
ru eon apd was sae mos
marked in Atlantic i Pacific preferred, which
recovered to s5}6. westofn, Union was % noxt,
dropping. from o. to 90H on tho announcement
sale Of Ii, poo shares made by President 0rton,
Later the stock rallied to 80, and closed at 87lS
@87sA. Erie, Missouri, Pacflc, and Hannibal d
st.. Joseph common flnctuated ~ por cont each.
Eric doclinod from 6G9< to e3, notwithstanding
tho dividend, but recovered to e5]1l, and finally
closed at 031f.
The bank otatemont is very unfavornblc,
showing that the banks, gu the averages Of tho
past week, .lacl, e1,299, 600 Of the rs per
Ssa Saas sssFsa soyye Sy aT II as h
condition at this BENSON. The fact that they are
now go poor in reserve Is stated to bo due to tho
severe contraction Inst year Of tho 8 per cent
certificates, and by tho unusunlly hoayy ship
which in turn was caused by tho faot that Eu-
ropo took few american securities during tho
Inter part Of 1878,
Many vcssoia dclayod by stormy woathor mr.
rivod thie week, increasing tho imports and GUS
toms duties.
Money wyas active to-day, opening, nt 1-G4 to
1-32, but the rnto dropped to 7, and late in tho
day loaus made as low as 8. Discounts woro
dull ut from 8@19. Tho rate Of domestic e1-
during the whole week, causing drain Of legal-
tonderH.
WIS active md higbor, advancing from 114A to
114f4. Tho advnnco was attributed to heavy I'M
ports mud tho bnnk stntomont. Tho shipments
Of bullion for tho wook will aggregate about
S750 900, Of which over $500. 900 are Silyor bars.
Only fow gold bars were Rent out.
BToCK6.
Tho stock market was weak and lower: There
is d Washington pool in Union Pacific, the NOM
bors Of which l,avo boon uolling hoavily. III
Lake Shore, tho contest is for tho control OF tho
road, it being understood TINT if the present
managers remain In power an alliance will be
made with tho Eric.
r.. BONDS.
Government bonds wcro firm on higher gold.
PRODUCE.
Flour waB weaker for medium spring aud low
and medium, wintor, md heavy for shipping OK
trns. Family grades wcro steady. Wheat
opened very strong, especially choice spring.
WiEter quiet and unsettled. Tho market oloaoH
quiet, dealers apart.
Pork WAS fir1ner and fairly active, with sales
Of ! .250 brla now n,css for April at s14.G231@
14.75, and $50 brls do for March at s14.6216.
New mess quoted Ut about 914.60 cash; 400 brIs
extra primo sold at $11 so. The market 10 firm
for dry salted meatB for shoulders. 6a9o naked,
55Ho bid; and 10@1lo for short cut hams on
spot. Bacon was firm, with sales Of 100 boxes
long cloar t7]1(o; short clear ia held at 7slo.
Lard was firmor. but not active. Sales aro ro-
ported OF 100 tcs prime Western on dock at 811c !;
600 tcs DO for February ut $3.50; and 25o tcs for
April ut 99Ac.