National Republican. (Washington City (D.C.)) 1872-1888, 1875-03-08


Rress- guaranteed 3-65 bonds, and recorded from
time to time in these columns, has not served to
stimulate activity for them. The happy anticf-
patton seems to have done more than the stern
fruition, in part, Of committee plans; and while
holders and operators advanced rates during the
tendency Of wholesome bills, they lowered them.
partly on account Of decreased inquiry as soon AZ
the objects Of the biHs were consumnated. And 50
the Congress guaranteed 3-65's have grown .
shade weaker every day since the adjournment
They have gained something upon their value,
after slight fuctuation up to the day previous to
adjournment, as will be seen by comparison max
ing allowances for the fact that they have been
quoted ex-interest since the I'd Of February but
they did 1t during period Of anticipation Of prop
ositions that would place them in q more snvIs-
BILE light. The gem features Of the Morrill, bill
would have been q short cut to all and more than
single execution of CEN Chipmanis bjII WbicS
made them receivable at the United States Treas
gry as basis Of circulation for District banks.
This would have been an inexhaustive means Of
appreciation to the point contemplated in the
act creating them. But It smacked too much Of
Partially to give t the slightest prospect Of pas
sage. 1t would have been a difcuIE matter to
have constituted the 3-65's the dividing line be-
tween Government bonds and guaranteed sscuri-
have been subject TO practical conversion into
currency the same as United States bonds. This
is what fmparts TO the latter their great value
and which makes them salable in every little
hamlet Of the land.
We continue TO quote COngress-Euaranteed
366's ut o9l4 as the working rate. Other securi-
ties are traction of, with the exception Of sewer
and water certificates, which are respectively
and higher, at y and 02I.
In New York to-day the Wall street market
was active and excited, and at the height OF busi-
ness stocks became strong. An attempt was
order to break speculative shares, but the scheme
was thwarted. Money opened active at 4Ih95,
at IFS advanced ~ fell to IIl1S and closed "a rs
Gold loans were made at ll442, and l.323l-l5 TO
Monday: London exchange e Shocking downward;
The market for Governments was dull and
without distinctive feature.
The bulk Of the New York board sales to-day
were at the following rates:
e. Is coupon pST,cn 49,: Is coupon Il,5
SS: I lsSS coupon 60 pom per cents ; .II!S
State bonds continue quiet and nopinal.
Stocks closed active and steady:
$3.50: EE:iSR4Ts 81
Illinois Central 80 Rock Island pref SSSS
Messrs. Trask Stone, in their communication
this evening, say: "To-day's market has been
unusual for Saturday. The opening was very
strong-W abash selling at l44l41S and AZ at
the same moment as against 1879 at the close yes
terday advancing during the day to 155s, settling
OF to li1s, closing at ~. Union Pacific opened
at 4S74, an advance Of " per cent, selling up to
most active stock on the list; opening at 431k,
selling up to ~, closing at 4S7. Western Union
Wed with Northwestern In business; first sales
being at T5E Later in the day one - q was made
at rs, B. 81 closing at T51z9T51l. Pacific Mall
has been neglected, the hueEuations in other
It opened At So the highest price S5 SsiHT sS
selling of to IS, closing at $50. We are expect
ing higher prices, particularly for Northwestern,
Union Pacific and Pacific Mail. Gold was again
scarce for delivery this morning, loaning as high
as Lie for the use, but gradually eased of as the
day progressed"
4 late dispatch, speaking Of the corner in gold,
says: At an early hour strong effort was made
to unsettle matters by making cash gold scarce
and dear. Loans were called In freely, and Dor
rowers had to pay lie per diem for short time.
This high sale, however, soon brought large
amount Of gold into the loan market Especially
from the Canada banks, and very soon gold loaned
free; At closing money was lower, at 293.
Exchange became steady at 4sl.
Our p. m. London dispatch says: Oousols for
money, 9399S9e; do. account, 93jR993I; U. S.
bonds Of o. lo7z; do % 1875 do. new SIS, 1O3;
90 Joy s,lOS; Erie u Si245f. Money per cent
of England to-day, ESQ, 900.
Our Paris afternoon dispatch quotes rentss at
65f. SOC.
Our Frankfort evening dispatch quotes U. S.
bonds of '62, &c. higher since morning, at sS7s.
The Sub-Treasury balances at New York to-
day were: Gold, SO 500; currency, SS 933 $50.
The Sub-Treasurer paid out ssl, 900 on account
of interest, and 5000 for bonds. Customs re-
eeipts, Si2s COO For the week, g, 1920. Specie
Spanish. gold; $4,000 American gold, balance
silver bars.
Commercial.
There is a general falling off this season in the
velume of exports from New York to Europe.
Ereghts as q rule are low or medium. Both
facts attributed to the abundance Of the CROPS
last year throughout the world, and consequent
decrease in foreign demand for grain and provis-
ions from this country. decrease Is especially
noticeable in the shipments Of cotton from the
now shipped directly from the Southern ports.
These were last year visited by comparatively
few vessels the grain trade then being paramount
The steamshiDa taking full a
always do when freights are low enough, the loss
being borne by the sailing vessels. Most Of the
ago, but could easily fll as many II their rates
could be further reduced.
The Markets Elsewhere.
BALTIMORE. March 6.-Cotton quiet; low mid
dlings, 15ss915Ac. Flour steady, firm and IN
ern amber, s12S; No. 2 do, sl3O9L21; Ne. 2
Western spring red, sl.O5: other grades IN
Southern yellow, Soc western mixed. sijS6sSc.
Oats quiet but hrmi Southern, es91Oc.; Western
white, oSc:i Western mixed, $50. Rye dull and
iOnfi good order trade. Pork, sl9819.5O. Bulk
mests-shoulders, T46T5S; clear rib, 1O5z81O1<;
lS06ing packed a. sGi.SS Bacon active IN 1oS-
nH@n14c. Hams, l4@i5c. Lard dull, 131I8
1870, steam and refined. Butter hrmer; good to
nominally, T14a75Sc. Coffee hrmer, not quotably
Si.i2
unchanged. Wheat; spring sLn@L16. Corn Is
quiet and unchanged at s5GS511c. Oats steady at
6T6T0c. Whisky is steady at Sill. Freights
Armer at 71<@Sc. Charters, 6-967 to. Cork for
orders, and 6S9s-s direct.
Foreign Markets.
LIVERPOOL, March 6-ElOur, 2Is. 922S. Sd. Red
winter wheat No. 2, o. Id. 39s, ID; red western
spring, So Sd. ass. lodi California white S. Id
Ges. 4d., do club, 9s. Id. G1Os Corn SIS 334l 3D..
Barley, Sc. Cd. Oats, IS. Id. Pork, rs. 3D. Beef,
re- Cd. Lard, COS. Sd; TalloE, tos.i London dog
4Os. Cheese, 7Os. Refined petroleum, 10S. ed@
lis. 3d.; London do, useS11s. 3d. Spirits Of Pc
troleun, 9s. 3d.; London do, 9s.
HAVANA, March IA lot Of fair to good REIN
ing Muscovado sugar.Was sold to-day at I1-16
reals, gold, being the lowest price touched since
1890. The sugar market Is quiet and weak.
UNDERTAKES.
RICHARD VI. BARKER,
CARINRTMAKER AND UNDERTAKEN