, 1873-03-08
WALL STREET..

Hovlosv OF tho Money, Gold, Nond,
Stock, and Produce Markets.
| Spteia! Dsspateh to The Chtcaao Tribune.
New YoRK, March 7.-Tho money atringonoy
wns increased, to-day, By the brokers paying
from 1-82 to 5a There soems to DO no immo-
dinto protpeot Of relief to tho present condition
Of affairs In money circles. The s1, ,5o0, 900 gold
sold by tho Treasury yesterday Was paid for to.
day in lcgal-tender certificates. Mercantile paper
! ie dull. ,-.-.~
II TIE London monoy market is oasy nt s@8]4.
Tho power given to tho Secretary by tho In
action Of tho last 0ougross is tremendous. AS
On example,, tho courso, pursued last
l. 0t w h' s1esR RsR'rtsnt o s s'fs ass sss
proTious to thp Monday, on which ho lot out
a5, ,0o0, 900 Of 1ogal tendore, ind, influenced by
tho newa gold declined ~ per cont, and tho
stock market becamo rampant. Tho more fact
by stock jobbors whoneyer ,occasion requires,
lhtors will DO "1nilkod."
Tho foreign bankers havo almost ceased to
lend their credit to spooulatore, % they do not
like to have their bills hawked about tho street
ut the present low .ratoa for exchange. This
ehute Of an Important source Of aupply. Timo
loans, in currency arc still High, be-
ing per cent per annum and COM
cont 0f for .9ty Psf sy isn aaa e sf{ pea
ninety days. Time loans in gold are dearef, and
go quoted at LILO to II for use Of gold for thirty
days, M to Il for sixty and ninoty days, IS to Il
antSs tor -four ~ na3enths. e. 4 t. Ref cent for ai1
Foreign exohangos have become completely
demoratzed by the advance In gold, tho strin-
genoy in monoy, and the liberal supply of bonds
and other bills offering by German bankers, as
well as good supply q Southern cotton bills.
BTobKa:
The stock market WAS i11Bguiat, closing higher:
Harlom advanced ~, on the strength Of q dis
patch from Albany istating that tho Assembly
Committee on Railroads had reported fayorably
On tho bill authorizing tho Harlem Railroad
Now York, for small cars:
Gold wan active and higher, advancing from
11615 to 116M.. Tho gold market, although very
ventures on tho short o. bear side are extremely
small and eaaiiy handled; and, further, I III i
u IT, saIa t. to o., bo In strong hands, to
the Syndicate. The q bulls " n gold take as 3
basis for their calculation tho fact that the
Treasury balances arc now down to s40, 900
actual coin, aud that tho banks Of this city haye
probably not moro than $2,o00, 900 hard cash in
Tho imports Of dry goods for tho week ending
to-dny amount to 81; ;099, ,514, and the amount
marketed to "a, 49,, 197. The total imports for
tho weok Will be about s9, 00o.''
bonds
Governments Wero quiet and firm, excepting
new b. Of 1881, which declined to 112N early
In tho day. The market closed strong Ia sym
pathy with the advance in gold, with new Is
selling at 1885, The Comptroller Of tho Cur
rcncy, BY order Of Secretary Boutwell,, has do
cided that hereafter new 5s only can be substi~
tuted for called bonds, or any exchangesof bonds
In the Department.
PRODUCE.
Flour e1oaea bcttor, especially for grades under
$500. These arc In good demand. The arrivals
aro limited, and holders firm. Wheat closes
strong and botter, with fair export inquiry.
Pork was firm and moderately ectivo, with GALES
OF about loo brle new mcss at $1,000; for future
delivery, 500 brls for May at Sl5.75. e16.00 ia bid
for June. In cut meats, tho business is moder-
ate. Bales 200 boxes picked bellias, ay. 100
i lbs, At e@9Ho; goo boxes dry aaltod ahouI.
hams, small, at 11}1o. Bacon WAS firmor long
clear, 8H@819c. Lard was In fair demand and
higher, for Western 9-16o bid for March, and
$40 asked; 40 tierces sold at 81{c. For future
delivery we note aales OF $50 tcs, April, 1T 7No;
$50 tcs. May, ut %, and 1000 tca, June, at 80