, 1873-05-28

Review OF t1le Money, Gold. HonJ,
Sl0clt, t1nd Produce HI.trtkuts.
Spteiat Ns,ttch to Tvs Chicago Tribune.
NEW YoR1s, Mny 27.-Tho dullncaa and mon.
otony which havo ollnraotorizod speculation or
tho btook Exchange for wooks past. was rolioyotl
today by hoavy vydoc1no In Union Paoitlo Hoouri-
tioa. This decline WIS started by tho pub1ica-
ton In tho morning Journals OF tho bill in equity
tlod OH hfonday in tho United Btatos circuit
Court for tho District Of Connecticut, entitled
"Tho unitcd etatos vs. Tho Union pactfo Rail-
road, orodlt h1obilior Of America, and othors.''
Evoryono lad boon expecting this suit, but tho
prominence given to 1t BY tho press this morn
ing gtartod hoavy selling movement In Union
ractiso securities, undcr which large decline
took plnoo.. Tho atool oponod at BOAGD8OE. and
IeManod IN tho vicinity of thcao hg,lros for
somo nd tlm9 bnt tho stoAdy stream Of salos finally
26a, With apusmodo reactions. Flrst-mortgago
oontis 1d declined from B05 to e5, and lan- grant
from ?oI to u. Incomos suffered moro Than
eav oeer to oqMs, ~ a,r dG}otnng from eo to o. NTH
Cline in tho above Hoourities gradually 'goakenod
tho general market, but no particular foii oc-
Cured until Pacific Mail suddenly became hoayy,
and declined from 45]1S6 to 4114, On somo now and
on Of bho mo1s a regard to he etua
whs r1'nor that tho nowo rnortseso v~as
II 600 so' nharss Ct tho stock vas aotu
was indebted 10 tho Prosidont instoud pts nf TX
rcvorao. Thon oamo contiotnr r,,rno,a j., .ho rn'
gerd to tho election Tomorrow, and tho prospect
oia o. compromise tiokot betweon the conflicting
namoa woro circulated in tho stroot as tia com.
1sutuH Hatcl', ]. b. Smith; !. ii. Burke m ' q. % ),
qoeorno' so1 Gspt as Bradbury Russell sage, and g.
is difficult to speak undorstandinrlv on
tho subject, as 80 mauy VIII rn.
ports woro aQoat this afternoon. Outa;5o
Of tho unon Pacific securities md Pacific 1lail.
gonornlly active, and tho doolino in In "onaroi
share list ranged from 4 to IL nor conf. oAt tIo
closo, tho market was tfrinor.
TE!o financial littlcutios which inyolva thu Ne,v
York Il Oawego Midland Iailroad ara renorto, nv
not inHurmountable,
Money was o.,v au4;ss ,eSsfi tho ;no,n,no .. . ~
per een but BECAME more @ soivo IN Tie 10 sfter.
ora, k9In diaco,,nta rnod trn1o waa notsd III,
primo morcn1ltilo aceoptancos pasvi11e at t to
er cent. but Irat-o]nHa nannr il hacnn,;,. sn,roa
and jobbors, with otlIer ainglo names leug hnown ]
Oct l, &'e~@ "'AA~' A1'|'u1'' poaofo
GOLD
has boon alternately strong and weak to-i7av
During tbe onr]v hnra In 1n61or;t,, % "van ~
In tie Gold Room woro Jrswn ;t " +b peIasGas Is
that tho ao hrokera bad hoo nto ino peno1
anounts, and thoV too aoI and % andIanils fg ftarg9
tAomsolyeu short Of le ma1et anI II 5o ssno
timo entertained Iiyoiv T. sno ea1no
aquoezo Of cash coin yorv eocI,> n "oa o,do,,t
to many Of thom That aotoo aar tric 4sao a
playod. aud M nttomnt svaa n5o1o sA ~ "aa s nens
Which scnt tic prca tn M" 11Ra tson 70 1ocGvor tn
was decline Of X hntt htts t,,o h0" r,srent .ret3
was tolerably strong ~ tow"rd III tfo lI[aot "inso
at 11BI1. About Tic eloan ~ s"o c,oer,nw. otnev.
house lours Tia ioan rata fni ~ a. ~ aa
Ing Indicating vory iargo M short II Interest e M WIFI
caurht by INV euon a., frcaa ~ P0o,9qn 70 DO
loyod tbat nnny nf tho innoptore hne ~ ~ W.,
time loans Of eold euticiont to onnlio go thom ~
lido oyor tho Horjoi now ann,oaad ~ 'hon ho 70
bracod IN Tie sauoozo' oz ~" '"pPoa0o " 10 e"'
nosna
uoyernmsnte wero nniot md atoad1
no11nAv ''o ''oaN5'
An announcement wns 1nnfio +o.3a~ that prt-
day boing legal holiday, tic GoId ana s;oof
Exchanges viii DO closed, and all coptracte nn-
turing on that day must DO settled on Thursday.