, 1873-05-13
WALL STREET.
Review OF the Money, Stock, Gold,
nnd Produce Markets.

and Produce Markets.
Special Dtspatch to Tho Chicago Tribune.
THE v1HANolAL SITUATION IN EUROPE.
NEW York, 1lay 12.-The financial situation
abroad ia still much discussed In Wall street.
EARLY In the day London kilograms reported d
slight decline In consols and American bonds,
and heavy fall in Eric. The late afternoon
adyices, however, reported some improvement
in consolB and m advance in Eric to 48. The
Bank Of Hamburg has put up its ratio Of dis-
count to 8111 per cont, which Was followed here
by ru1nors Of panic on tho Bourne thore: Ac-
counts from Frankfort and Amsterdam were
meagro to-day, and rather moro quiet in tone,
although SOME apprehension still exista there.
from Vienna it is reported that money
III the open market is worth 10 to II per cent on
new soourities,. which have boon -, manufactured
cities arc now undergoing o reaction from tho
wild speculation that followed tho closo Of tho
Franco- German War. In Germany, within two
years, banks have beon oreatod with groat rapid
MUM, and tho different Boureea have also boon
flooded with shares representing new inBur-
anco companies, manufactures, and tho
conversion Of private banking and mer-
hsnas s4sa7s houses hs rs Int es sSS 'esgiGns s9ese
especially at Berlin, has assumed very largo pro-
portions. Considerable amounts Of the inton-
nifty money found thcir way to places out Of
Germany proper for want OF Investment in that
country. Tho Vienna Dourse ia tho most specu-
lative ono in Europe. It fools any sbrinkage
first All Germany has boon oycr Specializing,
and must st1f1er the natural penalty.
A HeraMs = London special says "The flnan-
nanoial casaolysm in Vienna dlatnrbs all the
money markets Of Europe, and causes shrink
ago on the Vienna Dourso Of el00, 900. Tho
shrinkage In American securities In Germany in
estimated ut S1o, ,00o, ,o0o In London there was
aorious depression on Saturday, which in
t1.$o 1.n o4
this afternoon, but tho recent American legisla-
ti0n, aud tho hostile tono Of portion OF the
American press towards European capitalists,
occasions, general anxiety among investors In
American eeoutitiea.
though aotive. te11 from 1a1( to 171S; Just BE-
and later reaohed to 11716: Oarrying rates 6, +,
71~92,' and ? par cent gold:
opened strong, aud excepting Eric pricea were
II to per cent higher than Saturdays closing
quotations. A further advance was lnado In the
carly dealings, but just bofore tho First Board 4
downward novement was recorded. After
but but Al midday 4 second deoliuo Til,
was succeeded by d steadier feeling, and the
mnrkot WAS dull until after the o'clock Board,
day. Late tho decline was checked, and tho
feeling improved. Eric was exceptionally weak
throughout the day, and declined to 81 Is, tho
highest point Of tho day having boon G2111. Tho
decline Was occaafoned by heavy sales supposed
to bo for English account, and by similar de-
preston In London, where tho stock fell to 479s5
Pacific mail opened at 639@, advanced to 5416,
declined to 5356, rallied to 54a{, and, late n
the day, fell to 524. Woatern Union rose from
SO to 8G34, and afterwards declined to 85H. st.
Paul common advanced from 81 to 571, aud Do
clinsd to 56!5., Lake Shore sold a,t 91H@91H
until after O'Clock, whom 1t gradually foil OF
to 90; New York oentral went up to 1925; Ohio
leto IL t1e day, sold ill., - 10y ,,as g 42H.
olqss Saturday ao!d up to 1o9N, fol! Sa to 100,
mainder q The list; declined 70 16s}&; Up to .
and O.. 9: g: from 93} to a19. Wabash
mon ii a5S@8S1<; Harlem at 120g@12o5S,
and Panama at il41@114. Wall stfoat wah
somewhat Influenced BY tho European kilograms
aud ru,no1A. Tho Stock Exchange opened firm,
but waH aoon afterwards depreHBod. tho doprea-
sion being In tho 1ato afternoon dealing. Tho
decline ranged fron q to az per cont. 1Ioavy
BAloB Of Erie for European account early Ii. the
day were followed later by a general solllng
movement. In the gold room considerable sRlas
Of long gold checked the upward movement, aud
produced deolino Of about u per cent. Tho
foreign exchanges wore stronger, aud money
oloaer later In tic day.
easy during tho morning at to Z per cent, but
flrmer 10 the afternoon, closing with loans At 7
per cent gold,
FOREIGN EXCHANGE
WSA qutot and steady for GO dAYH pfQ{llnR, Ut