, 1873-01-31
WALL STREET,

REVIEW OF the Money, Bond, Gold,
t Stock, and Produce Markets.
Special D<spatch to 1he Chicago Tribune.
NEW YoRK, Jan. 3o.-Money opened easy ut 7,
| declined to g. and closed at 5@6. Prime 10er-
camille paper sells at 8@9. The reduction OF the
Bank Of England discount rate to-day from to
| 81 had somewhat reassnring effect az to the
Khivan question. Outside the bank, in London,
money cells at s@31a, which is very favorable
for the new syndicate. OF the es00, ,00o, 600
6 per cent dve-twenties to be called in, it is
estimated that s25o, 900, 600 are held in Europe,
the remaining S5o, ,ooo, GOO being distributed hero
among banks corporations, trust funds, DC.
STOCKS.
The stock market WAS dull and the downward
movement WAS continued. It ia said the whole
Of the $40 900 900 preferred stock of the Atlantic
d Pacific Company has been bought up
Dir. c. P. Huntington, President at tho Chesa-
dispatches, this morning, from the Chief En-
gineer, that the last rail on the road was laid
yesterday afternoon. This completes tho
aouthetly trunk-1ine from the Atlantic to the
Wet. 50 that hereafter there will be ner COM
petitor for tho carrying trade OF the West. At
the Ohio River the Chesapeake 4; Ohio Railroad
connects With river navigation and the railway
system OF the West. The Company hsYe an IN
tention OF building ultimately an extension OF their
line to some points West, and open the watars
of the Chesapeake, 80 as to be able 10 transfer
cotton, tobacco, PROVISIONS and b1eadstut1s OF
the West direct to tho largest European mar
kets, and coaatwise, by sailing aud steam ves-
sela;' Ihe cost OF the work il estimated at up
wards OF sG5, COO, 600. The Company beginH its
through operations nth com mparatiye]y light
burden OF debt, coasisting Of S15, ,O00, 900 first
mortgage bonds, ESQ 100000 debenture bonds,
and the remainder in capital stock and miscel-"
laneous debt.
Gold vas lower, from: LII to 11355.
The gold specnlstors insist that Sher-
mans resumption bill has no
chance, owing to tho noarness Of the adjourn
ment Of Congress. Foreign exports this week
are expected to reach nine million. It would
appear from the scarcity OF bids for gold to-day
that caah coin ia not in great demand. Tho
amount bid for WAS only 32,74ooo0, At from
1926 to 1883.
Foreign exchange waa hrmer, with business
n below quotations..
doYernment bonds we're firm, with moderate
business. The American and European mem
bers Of the new Goyernment bond Syndicate
have been corresponding through cable to-day,
and have formally decided to open
the subscription Gsta for tha remain
Ing balance Of $500, 900, 600 United States s
Per cents On Tuesday next. The fact that tho
French loan Is selling II, London ut 531c pre-
MUM renders the Syndicate confident Of large
European demand.
Flour was quiet, but firmly held. The arrivals
are increasing, but buysrs hold or Wheat
closes i, firm, With offerings limited; choice
the home trade and tho South: Pork quiet; in |
d jobbing way 100 lbs sold, including new ness
at 914-373; prime meas at $l4o0, and extra
prime a e. u.s75' Gut meats-very good demand
sold at 51lc: Bacon quiet bit STEADY $50 boxes
short clear sold at Tic; 40 boxes short rib ut