, 1873-05-05
WALL STREET.

| Ax0Mus S6oclks nuu Produce N1nrAet8s
Special Dispalch to The Chicago Tribune.
New YonK. May o.-Wall atroas, outside OF tho
stock marriott, III which there lpa boon panic,
WAS exceedingly dull to.day. The bank stato-
| mont, wllo It docs not show tho full return Of
currency from tho INTERIOR is very favorable, tho
gain In not reserve being s3,029,700 II tho cur
rouoy receipts of tho express companies havo
boon correctly reported at least s20 000 600 havo
coma back ainco the frat week in April. Within
woek or two this must show in tho bank state
mont Oh tho money market within that titno
will have passed. tho bounds whore 1t pnyB
for apoculators to withhold from sb,00o,000 to
9l0,000,000 from tho market. Will tho heavy
gain In resorve, the loans have boon expanded
lcHB than 81 800, 900. Tho banks now hold
s2.720. .425 In lawful money aboyo tho 25 por
cent requirement.. Tho National Dnnks have q
percentage Of reBorvo to total liabilities Of
20 24-100 por oent, and the State Bauka, which
arc not required to keep 25 por cont rosorve,
of 25 08-l00 per cont.
very easy in tho afternoon, and dropped to 8 por
cent before Q O'clock Mercantile papor is dull,
primo bolng held at to "a per cont.
sTocKB
we're moro ectlvo than for many days past, and
tho fluctuations quito important. In addition to
late features, Pacific Mail, Western Union, and
st. Paul common, g., 9. 4 I. O., Union Pacific,
Ohio I Misnissippi, Lake Shore and New York
Central wero prominent In tho dealings. Tho
general marriott made ali improvement at tho
opening Of Il to " per cent, but commenced to
woakon before the First Board. Tho lowest
s's s deens % me assgng xs' rom @ s''fo psf
cent. During tho afternoon there wero occa- m
aional eEaBma Of weakness, but there Was ON
advance In tho main Of II to 395 from tho low
est point, Tho hreak vas cal1sod BY Disgrace
shear" interest, TINT three or four Of tho
strongest houaen on tho street had failed Those
stories were manufactured hero yesterday af-
tornoon, and spread broadcast through tho
principal ctics Of the, Vest. This morning the
kilograms from their country correspondents
inquirng II this or TINT house had failed.
Inquiry necessary to reply to theao te1o-
grams caused tho stories to DO floatcd in
had boon made and this domoralizod tho mar-
kot. Tho raid waA made on paoifio Null, aided
by reports that the Howe Sowing Machine Com:
pa,iy and A. D. 9tockwoll woro In trouble, aud
Mail stock was hammered down about per
cont. All tho stories wero soon contradicted,
and later in tho day, tho favorable bank state
ment gave strong tonc to tho market, but it
WAS noyortbolesa foverish nll day. The 1oweat
poiut touched today by Pacific Mail WAS within
* per cont Of tho lowest figure in the Mail panic
early In April.
was htornatoly firm md weak.
U0NDa.
Governments were quiet and steady.
EXCHANGE.
Foreign exchange closed mp hrmor.
PRODUCE.
Flour was dull and easier for most gradoB
under. 5000. Tho inquiry was moderate owing
chioily to tho stormy spring. Wheat o1tras woro
frooy offered, and medium oxtraB rulod unsal-
able. Sales, 8.100 bbls; receipts, 1898 bbls.
Wheat was dull low grades boing extremely
unstable. Good woro steady. Shippers hold
of, and tho incloment weather md poor aasort
mont check inquiry. Sales, Il, GOO bu receipts,
225, ,7G0 bu. Pork WAS rather quiet to-day, and
prices moro or less nomnal. Nov. moss
for May iB quoted Of Sl815, and in tile
jobbing way at $1,000. For future delivery no
transaclions were reported. Receipts, 62i pkgs.
Cut meats aro still very quiot, aud prices rather
weak. Dry snlted shoulders arc offered on the
spot ut 7c. OF smoked meat wo note ealos Of
600 hams IN bulk ut 1876 for 14G@l5 Tbs, and 400
shoulders, 12@14 lbs, at &c. Picklod hams in
ttsass tas are nominal at 11A@13o. RoccIpta,
$50 pkga. Bacon waa quiet and rather
unsettled. Western long clear was offered
at 95ao OIL the spot. Ill boxes to arrive sold at
this figure. Woatern short clear is quoted at
100. Lard ruled quiet, and tho market WAS
rather weak. For Western, for May doliyory,
0 6-1Go ia asked, and 0Ao bid, with a resale re-
ported at tho lower figure. City nominal at 20
asked for June; 91c bid and 10c asked for July.
Receipts sc kegs and 1927 pkgs.