, 1873-04-01
WALL STREET.,

Review OF tho Honey, Gold, bond,
Stock, and Produce NInrkets.
Special Dspatch to Ihe CAtcaQo Tribune,
New YonK, March 81.-The ovontB Of tho day
In financial circles were unusually important.
Tho new programme 'of Secretary Richardson
waa tho great topic OF discussion, and elected
much critiGtpua. Tho seorst.ry, in tho presont
impoverished condition Of tho Treasury, result
ing from largo appropriations by Congress, had
either to draw freely upon tho S44 000 600 loyal
tenders or keep up his gold sales and decrease
his bond purchases. Ho chose tho latter utter
.nativo. Tho street generally looked for inda-
tion, aud tho now programme was accepted as
contraction, or at least Us anything but imitation.
Tho disappointment which followed was the
basis for most of tho wide fluctuations to-day
although subsequent events assisted in aggraya-
ting the financial situation.
- Money was very striugeut. EARLY in tho day,
oil removals aud now loans were at Liz per
dion but later the price rapidly advanced, and,
before = O'Clock, ~ per cont and interest was
paid After that timo, u por cent was paid, and
before o'clock loans were made at per cont.
The banks wero calling in loans to-day aud one
institution banking for the city, called In a large
amount, which was enc great roason Of tic
stringency.
The Comptroller Ct Ct, tho Treasury denies that
good their roseryc within thirty days.
Mercantile paper is nominal
GOLD
WAS buoyant and excited, with wide and fro
quont fluctuations At tho opening tho market
was steady at 116A5@117, and remained at these
figures for some little time but during the early
part Of the afternoon the demand suddenly in
creased, aud thore WAS asteady advance to 11816.
The upward moyoment was assisted by reports
from London that money on tho atreot waB II to
u per cent aboyo tho bunk rate. noticeable
feature of tho speculation during tho afternoon
was tho heavy buying on mercantile account, md
to cover outstanding short contracts. 1t was a
aoT OF scss on the r Of
operating for q, rise: naturally assisted the
upward movement. Tho largo advance Of tho
day induced considerable roalizations for e bull"
account, and late IN tho afternoon, prices react
cd about per cent from tho highest point. Tho
excitement in the room was worry great all dny,
and tho galleries we're throngcd with spectators,
The cllquos have clearly tho control OF tho mar
kes; and IT Is feared that before Saturday night,
this oasily BY buying tho Treasury sale this
wook. and locking it up, tho shne % they aro
understood to havo dono last week. They claim
that the Secretary OF tho Treasury is in tight
tut eo,9oo,ooo Of goid this N month'
balances today show that he has eGs, ,9a0, 900 in
coin in tho Treasury, Of which e29, 7oo, ,6o0 arc
coin with which to moot current expenses, aud
provide for tho payment Of tho May intorest,
which amounts to about 925, 600. It is also
assorted that he has deferred payment OF obliga-
tls, tions on tue Treasury until April aud that noxt
serve, II ho would meet his drafts.
6r0oKa
The stock market was active, and tho luotua-
tions wide and rapid. The extromo decline WAS
8A por cent, but tho general list showed full of
to per cont. THIS was tho result of gon-
Qral want Of confidence, aud tho bull cliGues
TOOK advantage OF the feeling to markot their
holdings and got out The business of the day,
aa recorded in the official list, 10 enormous.
Central went to par; Rock Island to 1139S; aud
mont, bordering On panic, prevailed. Late deal
1nGa exhibit more 6teRdiness.
GOVERNMENT DoNDB
wera lower at the close.
. FOREIGN EXCHANGES
were completely domoralizea. At tho close quo
tations were entiroly nominal. Bankers have
boon making up III eatin,ato OF tho amount Of
outstanding borrowed atorlng aud hayo arrived
at II ,797, 600 sterling III the amount, with OK
coption Of that Of one firm.
PRODUCE.
Flour waB quiet, with limited arrivals. Prices
OF family brands wero stoady. Low and medium
gradoa wero easer at tile close. Good No. q, and
6uporttno aro Hoarco and in fair demand. Fancy
hlnnesota d not plenty and In good domaud. Saes
Gou9 bs!H; resspta 661 brls Nothing was done
favor tho buyer. Winter waa scarce and COM
parativey firm. Tho advance III gold checks
business and unsettles yalueH. The de1nand Is
chiefly for milling. salog. 10000 bushels; ro-
Solpts, 10000 bushels. Stock IN New York aud
"a, Gal, l64 bushels.. Pork was firm. but rather
9ulot. New moss ls quoted at s10G215 cash.
On Saturday evening $50 barrels extra prime
sold 1t 5ls.25. For future dol{vory
Slo.6o Is reported bid, without buslnoss