, 1873-05-02

WALL STREET.
x&osiosT ~ the Money, Stock, Gold
nn1 Produce Nlnr16 6afa.

ftnd Produce Nlnrlkets.
Special Dstatch to Tha 0hfcaoo Tribune.
NEW fonK, A1ay 1.-Tho monetary aitun.ion
To-day WaH marked by Increased etrInuopoy. and
hiBh ratios Of tntoroBt. In addition to tho uenal
manpnlationa, combination Of circumstances
tonded to mnko money tight to-day. Tho CITY iB
paying out 82900,000 for interest and other ma
turod obligations, which nocossitated. tho call
ing n Of loans to 4 large oxtopt by banks hold
Cd bAnkors md brokers Of Wall stroet who 1,ayo
boon borrowing money from tho designated de-
posltorlos, Of tho city. Payment Of ronts to-day
Hso involves large Hurns, and this Affects tho
DO aottlod on May 1, which, Is an additional
cause OF disturbance. To-day Ia also gon1f-
monthly settling dny among country bnnks, and
h tnoao Hett!omcnts result n heavy drafts on city
nsnit' nsnKs' temporarily onrtai!ing or londing en-
caused considerable ealos Of gold to bankers and
and brokers, which hlHo abs0rbs monuy for lin
momont. Tho Mobile and Montgomery Rnilroad
Company has defau1tod On itB A1ay interest.
a good domand for commercial paper is re-
ported at to IL por cont. A Nassau gtroot
house effected nnles thiH O. IN. to tho ox-
tont Of s2oo,ooo, and last wook Sl75,ooo
" soofs &c afT'nsso Tsfe of oo Pos cent pr a
n tho history Of the Btock Exchnnge It would
bo impossible to find similar condition to ono
that existed this afternoon. Tho President of
The t1su Board passed through tue lat Of stocks,
oliciting only bids and offers with Scarcely a
transaction, tho entire sales amounting to Loco
ahnros all told. Prices declined, Of course, but
at tho final oloso tho market was quiet and
steady.
FAILURE.
Tho failure Of tho house of Ot,s d. Swan +
c., announced this morning, created consider
ablo surprise. Thoy had tho roputation of
boing:. one OF the moss conservative houses
on. on tho 1anu, street, doing small business,
generally sound. Fhoir liabilitos s On atook a arc
aaid to 30 not more than $4,000. Some Now
3orsoy Contral wan bought III Under rulo for tlis
amount to-day. Arumor Of the failuro had boon
current In tho room for some time before its au-
nou1cemont. and caused approhonBionB Of
trouble. During tho prevalence Of this foo1ing
tho stock market was easily sold of, and on its
partial recovery anot!ler downward turn was
given 1t by tue report that tho Tenth National
fo Ssnk had ootnp sss1 %e' of msnsy ts nfsS Seine
House to tic o1tont of s175 ooo Inquiry IL
the proper quarter rovoalod tho. fact tint 'ths
vas legitimate credit, funds having boon trans-
pose Of distributing intorost to city creditors.
was dull and heavy.
wore quiet.
Flour heavy for most grades, with moderate
inquiry. salcs, 7,200 brls. Receipts, 1850
br1s. Wheat-mhrRet for spring lower; good
spring, 1@2c lower inferior, 2@ao offered tho
latter neglected at tho close and as
tho season advances, it ia not 80 popular with
ahippers. Wintor quiet; prime wanted; salos,
$4,000 bushole. Receipts, IL, 120 bushels. Pork
moderate, aotive, mud steady. New moaB in full
lots quoted at s18.75 cash: Advance for future
delivery. Sales, cash and regular, about 200
brl8. at 319 for now nlesg and $40 for clenr nm
inspected from dock. For future delivery, 1000
brlH for June sold at $40. Reccpta, 1Ge
pkgs. Cut meats generally continued
worry quiet and prices nominal and un-
settlod, Dry saltod shoulders quoted at 7c,
and no saleB. Smoked hams, Il lbs, o1torod IN
bulk at 1870. Dacon-Roeeipts, 2,729 pkga.
Worry quiet, md pridea unsettled. Western long
clear quoted ut 10o; city do, nominal at 1o1Sc ;
and do short cloar ht 1o19c. Lnrd quiet, but
market stoady; salos Of CO tcs at 914o for city ;
for future delivery the transactions embrace 900
tcs March at GOO 1-19c; June guotod at 01so,
and July at 1o6c. Receipts, 800 kegs, 1900 pkga.