, 1873-02-18
WALL STREET..
Review Of the Money, Gold, Bonds
Stock, md Produce Mnrkets.

HGF1GN OF lh6 H1VAot9 ~UAAS AoVAA4
Stock, md Produce Murkets.
Speciat Despatch to The Chicago Tribune.
New yoRH, Feb. 17.-EfonoY WIS active and
stringent. The leading Government bankers
wore supplied ut Z, hut tho stock brokers had to
pay from 1-84 to 1-1G. Tho demand was very
pressing from stock people, aud continued until
after o'clock. Tho banks offer but little re-"
lief, as their deficiency IN roserve compels con-
eeryatism. Commercial borrowers are BUFFER
ing, and have to pay at loast 1 per cent per
month. It should be remembered that this
week has but five legal daya, md We
may, therefore, look for rising aVer~
ages from this causo alone IN tho next
atatemont. An analysis of the condition OF
each bank shows that there ie nothing alarming
in the situation. The stringoncy In tho local
money market il creating Large demand for
sterling, which is II Lent on good collateral m oS
tho market and converted into currency Iii:
is one cause Of the Wo akness OF foreign ex'
chnnge. Another is that the advance In the
gold premium has naade profitable market foI
an immense amount of American produce, md the
supply, particularly OF Southern bills, has Of late
boorn largely increased. Further, tho advance in
gold has stimulated the shipment Of large
amounts Of American securities. a single Ges-
weok agninst shipments OF United States bonds
Tho export movements Of securities has been
gensral since THO advance Of tho past week y ~
s gS s ID s 1af1aa e eGps omdns i1s ahe Of
gold week or two ago are also having VerJ
good effect in London and indirectly here.
Dispatches from London state that money
outside the bank OF England IL 31@1 per cont
below the bank rate Of s!5:
The Btock market WAS stronger and more ac'
tive, A large bnginees WAS recorded in Erie,
Pacific Mail, Luke Shore, Weatorn Union, O., G.
p 4Vn1,u IL A11rn $rU$N
Hartford & Eric rose from to 1o}]9, on the ru.
NOR that William H. Vanderbilt viii shortly bt
mado President Of the Company.
Gold WAS firmor, ranging from 11415@11491.
Tho high range of tho gold premium Is proeuc'
Ing beneficial offoct upon tho export trade Pro
duoers ara hurrying forward their staples as rap.
idly o. possible to take advantage of tho improve.
Of cotton were sent forward, much Of which was
held back for favorable opportunity.
nONna.
Governments wero strong and moro actiVo.
Sonlo foreign bankers worc free buyers early ID
tho day, tho export Of bonds with gold at its
present prico being attended with profit. Ad-
vices from London report good demand for
American aoouritieB. Tho foreign dema!Itl for
bonds runs chiefly on nnnn'1ss 1sS1s l807A aud lo4o'
Flour olosos irregular, with q fair, inquiry at II
concession on wintor brands. Good superlfne is
ilrm and steady. Common No. 3 Ia lesa
plenty aud ~ w,; far oona domana; Wheat
latiyo inquiry. Tho business confined
to car lots, with prices fayoring tho buyer. Win
tor dull and ta!llo. Pork Oh tic spot IL higher,
owing to scarcity; barrels aold at $14.70 oasl1.
Gut meats arc generally firm. and moderately az
tive. Dry Baltol shoulders arc quoted at b96c,
and do hama, 20 lbs, loo. Five Thousand pounds
picked bellies, u lbs, aold ut $40 Bacon ia
lir1ner on tho spot, ind highar for future. Long
m fha In mad A. md afo