, 1873-02-22

Review OF the Money, Gold, Fond,
Stock, and Produce Markets.


Special Dtspatch to The Chicago Tribune.
New YonK, Fob. 21.-To-1norrow being legal
holiday, no business will bo transacted In bank-
ing and financial oirclea. During tho past week
call loans hayo ranged from 1-o4 to II. At tho
close IN easier feeling prevailed, in consequence
Of tho desire to mako three days interest On
balances.
Foreign exchanges layo been weak, in conao.
quenco Of tight money and q pressure Of bor-
rowed bills OIL the market Rates havo steadily
declined, but at tho close stoadier feoling pre-
vailed.
Gold speculation WAS strong and higher, carly
in tho week, On largo demands for customs, hut
afterwards weakened 1ittlo on FREQ BaloB against
sterling. Tho two eztremeB for the wook wore
l145ss mud 114zs.
orally steady. Other frat-class Investment ee-
curitios havo boon firm.
Tho stock markot, during the week, was gen.
orally quiet. Thcro was more activity in n1iaool-
lanoous shareg;; Coal stocks were, perhaps, the
shares formed tho loading foaturo. Tho courae
Of prices was irregular, though. in tho main, to-
ward higher quotations early in tho week. aud
lower ut tho Cloeo.
Tho bank statement made upon averages Of
five days, is unfavorablo. the banka being
81, 1850, $50 bolow the 25 por cent requirement.
Thcre hns been largo loss in depnsits with =
corresponding contraction Of loans. The atata-
mont roveals tho faot that the banka have been
dralu OF legal tenders for the West, and Of Bpecie
for customs, continues to cripple thom. !.
MONEY.
and brokers loaned their balances freely to make
interest until Monday. Early in tho day, call
loans wera done at 1-18, but tho rate dropped to
7, and closing loana wore at 8 to 4. Mercantile
paper continues dull, and prime namos are
held at 9@12o. Private adyices from Albany
warrant tho belief that tile Legislature will do
nothing this session towards modifying tho
uaury Inv.
=, BrooHs. j.
Tho stock market to~day was moro aotive,
falling of on the bank statement, but advancing
ut tho close. Tho riso in Union Pacific is duo to
tho demand to cover speculative sa1es, and has
for-books closed today, for tho election on
March s.. There is no contest, and tho road will
probably continue under tho management Of
Horace r. Clark. Tho report Of the Wilson Com
mittee to tho House yesterday is probably tho
in Unon Pacific stock havc boen predicting for
ten days. The "thundorbolt haa no terrors
for innocent holders OF any Of the Union Prolific
securities. In regard to Western Union 1t
has been formed to effect corner and that
Commodore Vanderbilt and Bovoral others have
secured control OF about two.thirda Of tho stock
for this purpose.
was quiet at 11459a@11456.
BoNDg
Governments were quiet and steady.
PRODUCE.
The inquiry for flour waa very light, owing to
the heavy rain and SNOW. Tho market clonoa
weaker aud dull on grades under $40. Family
grades aro steady. Wheat WAS dull On the do
cline Mt Liverpool and bad weather. Prices aro
uncertain. and favor the buyer. Spring closea
mesB s14.8711 ia asked for February in lots oi
300 brls. New moss sold at SLABS. Cut meats
arc firm /; for dry suited shoulders &c is asked
and 59@o bid. Short cut hams, it lbs, sold ai
1031@l0Nc, and do 20 tba, 10@l014c. Bacor
clear on the spot and 7s4o for long and short fol
April.