, 1873-04-18
WALL STREET.

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WALL STREET.
Review OF the Honey, Golh, Hont,
Stock, nnN Produce n1nrI1ctH---A
Much Isottor EeelinS III Financial
Circles.
Special Dtspatch 10 Thd Chicago Tribune.
NEW York, April 17.-Tlo monetary situation
to-day showed an improvement on TINT Of yos-
tordny. During tho early hours largo city
bank called in considerable money, md thore
was alBo general onlling-in Of loans on tho part
Of monoy-londors, nndor fear Of firthor failures
on tho Stock Exchange, nnd price advanced mud
for time was positively close at 96@11 por
cont. Those rates induced borrowers to sool &C.
commodations immediately, and the effect was
ctoaaod demand, as affairs took turn for tho
better, Ninny lenders showed some
anxioty to placo their funds at
intoreat over night, which had
tondouoy to woaIon tho rates Of
interest. Many capitalists WHO called in thoir
monoy during tho morning., woro offering the
Bamo quite froo1y later In tho day, aud before
o'clock tho pa Price haa declined to llo por
Q por cont.
Adycon from Chicago and other Woatorn
points state that nearly Ill tho loose National
worry soon legal tonder notos will flow thiB way.
This will provo great relief to tho banks
and tho money markot. To-day National Bank
notoa woro offered at 01-10 discount to
gold, and in othor casos tho bnnla were offering
to tako tho gold, and 1end tho currency thereon,
II tho successful bidders would tako National
Bank notoB from them, and place tho samo in
sasa i saa hS best Sf sthopy Ell That parties
manipulating st. Paul nro the actual instigators
Of the money stringenoy. Van sohnyck & 90.
have not failed, as reported.
was weak in tho morning, and declined to
1175S, but in tho afternoon tho prices nd
advanced to 1t7N on d cable telegram TINT tho
Bank Of England had lost .e4G6, 1000 startling for
tho woek, and tho Bnnk Of Franco had gained
1000, 900 francB. Late In tho day tho market
roachod to 1173G, aud again rallied to 1171G@
1175z.
wore foverish and unsettled during the morning
hours, and there seemed to bo general fear Of
further failures. Pricos li1otuated from to ~
por cont, alternately up and down, tho changes
being very rapid. After meridian, there was loss
e1citomont, Which eliminated in str;2e4ng market
now ns'f failure @ J. 1. brownol Bro, ind TIT IN
unimportant ona. Increased case III money aHo
assisted tho upward roaction aud before the close
prices advanced from ~ to 514 per cont. The
tral, Luke Shore, Rock ina1ld, st. Paul, Wabash,
c., O. l. l. g., Union Pacific, Erie, Ohio, Pan
arnn,. aud Northwestern proforred. Thcro was
| considerable buying for out Of town account,
aud this had much do with tho strength Of tho
market Into in tho day. Experienced Wall
etroet men say that there ih now no fcar Of
| general conyuision, which would extend to NOR
oanto cirolos; but It Ia oyidont TINT thoeo on-
couraging yiows aro in 4 measure forced. It iB
| vol known that tho banks mud trust companies
aro In such condition Of depletion that IL shrink
ayo Of probably less then per cent III Loading
soil tho securities they hold as collat--
depression III tho maj arkot, tic trust companies
como forward and step into tho broacll, prevent
ing further shrinltaage, ind then call up tho
woniil he in vain, for tho owners Of the STOCKS
have already sutforoda loss Of from to 10 tjor
cont by the stringcncy III money md loss by tho
broak of yostoFday is to bo added to tho burdon'
III railroad bonds, tho groatost activity was in
| Pacific mortgages and Boston, Hartford y Eric
Arhts. The Inst named wero weak md lower,
some salcs being made ut 98 to 3G.
heavy and lover in tho morning, but 1rmor and
| In botter demand toward tho oloso, i'll sympathy
with tho money market
| PRODUCE.
| For flour, the inquiry, except for future, waB
limited. Tho inolomonat woGtler aud largo ar-
rivals give buyers a further advantage. Most
Of tho spring wheat brands must 60 lowor
to acll freely. Choice family gralos arc much
1000 % brls M good Wostorn o1tra for My, 1t s79o
receipts, II, ,l03 brlB. Wheat WAS weaker, with .
moderate milling and export inquiry. The busi-
nesa is largely confined to CIR lots OF spring.
Choice Whito wheat Ia scarce ~ am.t ~ iirm under
29,720 bu. Pork flrner, at Sl8.25 for spot
and for future. Tllo businoes in the tobblnE
way embraced sales at al4.5o for r.,n,p, and