National Republican. (Washington City (D.C.)) 1872-1888, 1875-02-20
aatiuuaI geI
FINANCE AND Cd
Monetary.
WASHINGTON,
Go ID closed at 1145S.
Mon.sy is easy at s91O.

MONEY is easy at s61O.
where L ave more than sLii,cien
the wants and accommodations Of
mercantile business. The plethoric and abpor
NAL monetary condition which prevails through
out the count. y Is more marked at the East NsU
York banks b ave decided to reduce the rate Of
interest on balances for the simple reason that
they cannot manipulate the large deposits in
their vaults and arc holding them at a loss They
have prepared eircrllrs to that effect and are
sending them out very rapidly. Chicago has
always been great borrowing community but
to-day her banks are we'll filled and "business
over the counter" Is dull comparatively.
The only opening for iGSe capital seeking invest
ment seems to be in advances for the movement Of
crops, and bankers East ndWesE aremore sauaam-
fhsT n Tsrs 70 S for that than
past, when there was a ready sale for all crops
and quick return Of prontsi when middle men
would handle large quantities Of produce care
lessly and the good times would assure them
against . false step; when bankers would furnish
them the capital with which to carry on these
extensive operations. But q change has come
over these sweet realities, brought on by q COM
pIcated mixture Of "Grangertsm," transpOrta-
ton disturbances, hard pan, &C., which may be-
eventually beneficial. It Is the first chapter in
shrinkage Of values and cash basis.
Our market for Governments Is dull, and rates
not not materially changed; bonds held at 1z9k
higher than the quotations Of the New York Stock
changed from yesterday; held at TOIL; very little
business in them, as in other securities.
Our latest New 81 YORK 5 night dispatches says
4S31<. Gold inactive at 1449l4ZS. Rates for
carrying, 8, 2 and ~ per cent. Governments
dull and steady. Sales at the last board were as
6's, Issl, coupon. ....1Igs 5-aO's new, IS, cou-
ISL ISL coupon soaDn is 5Ss 1857
S-2O,s; 1855, coupon. .Is Ids 1858 coupon II9S
State bonds at the board were u higher for
Missouri long bonds and for Tennessee SIS, new,
ex-coupon, closing quiet and nominal as follows:
Tennessee SIS; old. g Virginia s's, old. .
90. new. g do. defer'd. 10
Levee dI o 6 new.
Georgia s,s........ s. do. S; tax. ~
90. Ss:::::: S DO: R ReT 81 8
orally higher, and soon became strong, with Z
smaller volume Of business than usual.
Messrs. Irask Stone say: Lake Shore main
tanned its hrmness, which being impaired to the
other market general rise ensued. 1t being
1ewed his orders to buy Lake shore the shorts
were soon scared into covering, carrying the
prices up to ~. The list generally strengthened,
ceptiOns. As to the latter there is nothing new,
but holders at higher prices seem to be unloading
weak, and indications are toward lower figures.
racine Mail may be quoted firm although opening
heavy: Our advices lead US to believe the subsidy
act OF not be repealed If true the stock
good purchase now. Although we have all along
been looking for q lower market, we cannot over
look the present movement in Lake Shore which,
If continued, may turn the drift of the general
maket and prove the inaugural Of another bull
movement in stocks. Gold almost Steady, with
indications looking to higher quotations. "''-
Average extreme sales to-day have been as
follows: Western Union Telegraph, TI149TTX:
Ohio and Missouri, 2iE62I1z; Northwest. 3S15S
49,; Union Pacific, S9GI6S9A; st. Paul, 3lI1a5
I. O., 61l@69s and Rock Island, 1885, 8i0s3I.
Stocks at the close were dull and barely steady.
rs Ns5R i::::::::. -
illinois Central. "a Rock Island!
Our London dispatches quote COnsOIs at O2X9
Paris dispatches quote rentes s5E zoe.
Sub Treasury balances-GOld, S4s,1s2 40; cur
The Sub-Treasurer paid out Sl5l, 900 on account
OF interest, and 81 900 for bonds.
Customs receipts, $492, 200.
Commercial.
Business was lively in the grocery line. Pro.
visions improving. Produce is moving about as
usual Poultry was especially active. Hsy was
dull, but there are engagements for tomorrow,
when there will be large offerings. The sales Of
Whistles were very large under q revival Of the
anticipation Of the tax.
Washington Commercial Markets.
Flour unchanged at g to 81, and so cts. higher
for jObbing lots.
Grain active and unchanged Hay, sl492O.
Provisions more active. Shoulder Bacon, Co.;
sugar.cured Shoulders, 91<e.; breast, I2c.; Hams
Butter higher at 2S@s2c. for iobbinR lots.
Green fruits moving readily at yesterdays
prices.
SUGAR active; L Refined, 1910; granuIatsd
lie; powdered and crushed, 11Zc; yellow re-
fined, H4G'11c; Denerara, SA8Szc. Market
MSTicsibo, aoz@ ae 0id &ova EG 5g aVs
2s@k7c; Santos, 701fd13c, all gold.
decline.
sYRgrs-Knights, SIC; CalVsrt's, 5sso1c.
Market weak.
MoLAssEs-Porto Rico, $4,000; Demerara,
crosse; New Orleans, oS@76c.
WHIsKY-High Wines, sl.l1. Market excited
and unsettled, due to the proposed tax.
Other articles unchanged.
The Markets Elsewhere.
BALTIMORE Feb. 19-Cotron strong-loW mid
dlings, 15@l514c. Flour fairly active and un-
changed. Wheat quiet but hrm-NO. Western
Tsns red us Other U grades 1nc IhS2nSy
Corn quiet for southern; Western strong and
FIRM; Southern white. TS@sOc.; Southern yellow,
unchanged. Rye quiet and unchanged, at $40
Los. Hay hrmer-Pennsylvsnia and Maryland,
order trade. Pork, SO 2592O. Bulk meats frm-
shoulders RHG16 d495c;t clear .I rio sides 1o9lo
S9cS@ I1sms fs clear s6 1deS'
Butter steady and unchanged. Petroleum ex-
cited, with an upward tendency, T1f9714c. Coffee
and frm at lO9lOIsc. whisky unsettled; nOmt-
naIly s1.O4@1.O5.
NEW YoRK. Feb. l9.-Flour quiet but firm.
Wheat and Corn firm.
Foreign Markets.
LIVERPOOL, Feb. I9.-Cotton irmer-mIddling
uplands, 7%@TAd.; middling Orleans, I'D
Breadstufs firm. Corn 33s. 6d934s per quarter.
TallcW, 40s. Sd. per eWt.
LONDON, Feb. 10, 8. p. m.-Hops, ZOE 5s.GI2s
los. for American. Spirits turpentine, 25s. 6d.Q
25s. Cd. Refined petroleum, 1O1I@IO1lS. per GAL
Ion.
Comparative Cotton Statement.
The following is o statement Of the receipts
and stock of cotton for the week as compared
with the same for last year: The net receipts aS
all United States ports were %, 637; same week
last year, 1 046; total to date, 1880 $40 to s8ma
date last year, 2s49, 400. Exports for the week,
s7,755; same week last year, 9S 23; total to date
161s5 500; to same date last year, 5168 1857. Stock
at all United States ports s42 S6S; same time last
year, $50 333 Stock at all interior towns, 100 5l4;
same time last year, 1850. Stock at Liverpool.
IT3,0O0; same time last year, $4,000. Stock OF
American afoat for Great Britain, 2o7, 900; same
time