, 1873-02-05
WALL STREET..

Review of tho Gold, Bond, Stock,
Money. rad Produce Markets.
Special Despatch to The Chicago Tribune.
NEW YoRK, Feb. 4--A1oney loaned to-day
chiefly at currency to 7 gold, with exceptions
in the afternoon at LILO. Prime mercantile papor
is discounted at 500. Good four months
names sell at 1902, and prime bankers' paper,
GO days, sells ut 1908.
BONDS.
Government bonds were less active opening
lower, but closing steadier, in sympathy with
higher gold. Considerable anxiety Was felt to-
day to hear from Europe, regarding the opening
Of the new United States S por cent loan, but the
news has beon naeaSre.
It ia estimnted three-fourths Of tho per
cents held In Europe arc in the hands Of Ger
mans, who probably prefer to exchange their
6 per cents for gold, and reinTest in securities
bearing higher rate Of interest than per cent.
It is upon this transfer Of capital from Germany
to this country that much Of present specu-
lation in the stock market Is based II tho Eu-
ropean subscriptions should all be paid in 5-2os,
the operation would be a simple exchange, and
the market would be affected very little. Re-
ports from Europe arc, therefore, awaited with
general interest. It is said tho new loan opened
fayorably in the United States to-day, but no
details are given. The London market for
American securities closed very strong for new
Is and 5-2os, though lower for 1o-4os-
SroCEH.
The stock market opened very buoyant and
prices advanced considerably on the opening
quotations. which induced sales On tho part OF
those who saw large profit on recent pnr-
chAses. Those sa1os caused decline. The
market closed generally lower than yesterday,
Union wero enormous, but closed e lower
Commodore Vanderbilt eays the new issue Of
912, ,000, 900 per cent consolidated mortgage
bonds, to be placed on the market by the Har-
1nrn bu:1- to S~.&n III &- &-Ys.
standing securities, and has no reference to
the "rapid transit tunnel" which ia an
enterprise separate from the Harlem Road. The
Chicago i Northwestern Railway, to-day, made
application to the Stock Exchange, to hare their
new consolidated Z per cent gold mortgage bonds
put on the regular call. These bonds amount to
248 000 000 Of which 935, ,3i9, COO will be held to
redeem the bonds a1readyissued as they mature.
The balance will beused to better equip the road,
buy new roads, etc.
Gold was higher, advancing to 119}5. The Gold
Room clique circulated rcportB that the Syndicate
negotiation is a failure, and there we're reports
also that the Khiyan situation is more unpromis-
ing.
Flour closes weaker for Ill grades under
$1,000, with moderate inquiry. Liverpool
advices are less favorable Wheat ruled quiet;
prime and choice spring are firmly held; winter
dull. The market closes stronger, the demand
more general, in part for the South. Pork was
more active and firm, with sales OF $50 barrels
new mess at 514-25 cash. February, March, and
April cut meats are firm. Dry sa1ted shoulders,
however, offered at 51]zo for February, and 80
bid. Three hundred smoked hams, 12-lb, sold
at 12c. Bacon is in some demand; 250 boxes
long and abort clear sold for March
at TIC. Long clear is offered st
70 on the spot. Short clear is quoted at 719@
75zc Lard was lower for future, and active,
with sales OF $3.50 tcs Western, mostly for
March, at 61155c, but including February at e1c,
and April ut = 9-1Gc.