National Republican., 1875-05-27
Matiuuas gepublitau
FINANCE AND COMMERCE.
MouetsrY.

The special telegram received from albany, N,
Y, at O'clock a. m. to-day, in rsgtTd TO District
bonds, formed the main topic Of conytEE5ston DUR
ing the morning. Il reads as follows: ''Fhe Gov
ernor yesterday afternoon signed an Insurance
bill which provides that 1t shall be lawful for any
life, FIRE and mayfne insurance company, organ
lied under any ss the laws Of this State aOd
tranSacting business in other States to invest 10
fund required TO meet its obligations incurred in
such State respecting In the same class OF seeuri-
ties in these States that such corporations are By
law allowed t0tnvestin in this State. But this
act shall not be espsIrueda authorizing any such
corporation to loan moneys on mortgage upon
real estate without the limits -Sf this State and
States adjacent thereto This 10 now law. It
Is very aaroitly drawn. cd careful examination
1t will be seen that IL authorizes insurance com
panies TO invest in DIstrios Of COLUMBIA bonds"
The whole line of District securities has been
hrm, with few being offered in the market. The
business In the guaranteed o5 bonds has been In
small lots at 7+ST414, the volume Of business be-
ing about the same as yesterday. Government
bonds and gold are steady. Money unchanged
Messrs. sherman Grant No. 1425 = street,
quote the following buying and selling rates for
SIS. 81 ...... 2H<@I24H 5-9O's. '6s. 12slzaI24
SOS, a.. .n6Aa17I 10 O's........ll73R RIiSI
SOS, o.. .IliN91lsS per cents. HOS 3M61S
52O's, d.. .l2O14Ql2l Cur. 3e5s.... T5A9 ~
% 55, new s9l23zE Gold. .....ll574 9ll6A
bS0's, a.. .l235z4I2iAi
0Ur evening dispatches announce the appoint
ment Of President Jewett to the receiysrship OF
Erie This company has had a wonderful history.
and no doubt stock circles will be busy tO-mOf-
row In gossip concerning its probable future. The
the rssting liabilities cannot be estimated. The
stock may possibly be bought up by Jay Gould
an and the business Of the company T9Tived under
his management, and perbops at the sacrifice of
Union Pacific. The lowest point Erie has
reached during the past fifteen years was 151Gi,
which It reached to-day, and the highest during
the same period l26 in 1854.
Erie has been on the decline in LOndon to-day,
In New York today gold opened at Ils, ruled
at n5s41l6r advanced to 1l67S, and closed dull
at 1l61s6116. Early loans made 'taat" and l, 2
money unchanged. Government bOnds- have been cen
steady, closing active and steady.
The following closing rates we're telegraphed
York Stock Exchange:
SIS, 1854. coupon. .124I 62O's, ,Iss7.......1241z
62O's, 1S62-........1lT 52Os, 1858. .I23R
62Gs, lS64-......-..1lSH New 5s............ .1165S
sos, lss5........12OA lO4O's, eo7pOn. .IlsZ
b-2O's, 1855, .neW....122Z Currency 6's.... .124L
Speculative shares were strong and higher,
through most Of the list and in the afternoon ir-
regular, closing active and steady.
The quotations for the prominent and active
stocks at the Stock Exchange to-day were as fol-
35 ss S555, S8Is Western tnf029a,, SU2a, ~ ~, TsS
s T. z % 81 70? Il ss e. NSTtSwssts53 SdaT
W T. ri IL; TX, @ e.. TSsEs Lax ssa Shore 81 ~ ~ " 5i,
Si MissssiSpi SS St e g. S Is Is s. S+ 81 s. 9sl% s% az saa
Wabash, 81, (s.j 9, 9. 81. Union Pacific, T41A(sl
~, ~, ~: T474, J45S(sl ~, ~ ~ Mis-
"a New York Central, ISl11, 1O414, lO414 ,lG454,
The total sales Of stocks to-day aggregated
s34, 400 shares. The largest dealings were:
Erie. .113 200 Lake shore. ,2J1
Pacific MAIL. 100 Ohio and Miss. 72JO
Western Union. 50, 400 Union Pacific. 2OOO
Northwest. .1O5Oo st. Paul. UI........... 800
Rock Island. ...... 4, 400
U. S. so bonds Il higher, at sojS, in Frankfort
to-day.
were: Gold, $50, $50, ,10l; currency, 80 52, $50.
The Sub-Treasursr paid out S55. 900 on account
of interest, and: s2S, 500 for bonds. Customs re-
The amount os bullion gone into the Bank Of
England on balance to-day is G1OS,O0O-
Commercial.
The reduction In the price Of grain at Chicago,
10 which we alluded in MONDAYS issue as being
necessary before any considerable movement
Eastward could take place, has come per force,
and the speculators ring is at least temporarily,
broken by 3 heavy reduction. This has not had
any effect upon the local markets, and opinion
among our grain men is divided as to what inau-
enee 1t will exert over prices, some taking the
ground that the large stores at Chicago will fall
tltO the hands of other spectators, who have
the same ambition Of pecuniary gains, and Of be-
ing able to control thS grain trade and set prices
In the United States.
The reduction in the price of Western wheat
will have only moderate effect on our prices, as
It can be used only in the proportion Of one half
TO Southern wheat in the manufacture OF our
fours.
The warm weather has had the anticipated eE.
feet on foreign fruits, and produced increase Of
business, an advance of2565Oc. Der box on oranges
lana avenue, quote Oranges, rePacked, sI.5095;
leROLs, t4G5.6O, as 10 quality. Pineapples, $50
10 per hundred. Domestic apples, s59A5O; alt
jobbiDg lots.
The Strawberries arrived at this market to-day
sold in large lots at sBlsc. per quart. The mar
ket will have heavy supply Saturday.
The Markets Elsewhere.
BALTIMORE, May 26.-Flour very quiet; only
limited Jooolng demand; HoEsEI street and and
Wheat dull and weak; MOL Western amber, Sl.3S;
No. do, 81 S5@l 81; mixed do, sl34; No. West
ern red, 81 IS; No. do, 81 81; Pennsylvania red,
lST; Maryland red, SL3O3l.4O; do. amber,
Sl.42: do. white, Sl.SO9l45; No. Western spring
red, Sl.l4. Corn unsettled; Southern white. So
6s4c Southern yellow, 797Sc: Western mixed,
Tsc. Oats weaker; Southern, S28S3c.; Western
white, 74c: Western mixed, TOd9T2c. Rye dull
Pennsy lvanis and Maryland, s1T924. Provisions
dull and heavy, with q downward tendency.
Pork nominal at 81 5O922. Bulk meats dull,
lower; sboulGers clear rio sides. ll5<9 ll1S,
loose: lacked, 96I2ISc. Bacon quiet; shoulders,
e5LdgAe.; clear RIB sides, l3c HAMS 141I9l5S.
Lard dull and weak; refined, 1534c.i steam, l51Ic.
grass, 2@2Tc. Petroleum nominal; refined, l25z
6l25I; crude, 5A@51ze. Coffee quiet, but hrm;
unChangsd. sGzsr Steady at IO}3 39lO3Sa. WHISKY
NEW YORK, May 2s.-FIour dull; prices still
strongly in buyers favor. Wheat l cent lower;
Sl.2sGI.SS for winter red Western; SIS49l.35 for
amber do. Com cent lower and in moderate de-
mand at TSGs0c. Oats shade lower at 7l97I11c-
Coffee about "a lower; more doing; 800 bags Rio,
l6e., gold. Sugar rather more stealy; refined
dull; l0c. for A; 103zc. for granulated; lie. for
powdered; n159ll4c. for crushed. Molasses
dull and heavy. Petroleum firm. Pork lower;
new mess, go. O.5O@20.55. Lard lower; 14IS6145zc.
for nominal prime steam. Whisky more active
and lower; sales 400 bbls. at $Ll914 part short
time; so bbls. at 81. .l9, regular.
River News.
WEDNESDAY EVENING, May 20.
The Jane Moseley arrived at the SlXth-street
wharf at T:3O this morning with the largest cargo
of the season. including 5000 quarts Of straWber-
Ties. (Of which 1900 quarts were for MesSrs. ].
W. Sands & Uo.,) so barrels sheepheads and trout,
100 barrels cabbage, 20 barrels green peas and q
large lot of other truck.
The Lady OF the Lake will be placed on the
line the 10Th OF the month.
ATTORNEYS AND AGENTS
WILLIAM WILLIAMS. CHAs. KENNEDY
WILLIAMS e KENNE0y