National Republican., 1875-06-07
glatiduaI Republican
FINANCE AND COMMERCE.
Monetary.

WASHINGTON, Saturday Evening, June 5.
The specie shipments for the week amounted
to As, 1912, which were principally In gold
and silver coin, and for the day S2,5OO,Oo. This
vast outflow has had much to do with the advance
in the rates for our national commodity, as may
be seen by the fact that prices weakened and be-
came lower soon as the laden steamers put out
for Europe, but 1t cannot be denied that specula-
tiOn has secured and assisted to maintain the
| higher premium now established.
The "bear" element represent that there are
various causes at work to make the summer sea-
son one Of exceptional low rates for gold not the
smallest among which is the anticipated move
ment of the new cotton and other crops. The
market while firm less speculative than formerly.
as the foregoing will show purchases are m ade
with some other object than to hold solely for an
adTrnce. A legitimate demand has also grown
out out oI tne PnTcnase Oh gSid oy importers % and
ing as heretofore. While 1.-THE street" is equally
as to the future price Of gold, the bearish views
md little expression in the short contracts made
at the Gold Room. Although the price was lower
at III, and showed some weakness at the close, it
Seems Inconsistent, all matters considered, to ex-
pect lower premium very soon. The rates on
loans we're 2, and per cent. per annum, l-j4 per
day for use: loans also fiat" and 293 per cent.
for carrying.
Foreign exchange closed easier for sO-days' ster-
ling at 1884 to 4S7, and steady for demand at
Money has again been very easy to-day, loan
ing down to per cent. per annum on calf; nOmI-
nal rates being unchanged. The national bank
statement shows gain IN reserve OF S2s9 IOO,
s6,g5L4T5. Legal tenders increase 81 DO 400, ia-
dicating continuation OF the influx Of money to
New Y Ork. Specie decreased SS2I,4O9.
The " all-stTeet markets were poorly attended
to-day in consequence Of the opening OF the .Je-
rome Park races. The volume Of business in
stocks was consequently very small, though the
market was stronger and higher except for Erie
and Union Pacihc, and particularly at the last
call
The active stocks closed as follows (teIegraphed
TO MesSrs. Sherman Grant):
Pacific MaL........ G+3< Western UniOn..... 1919
ETle- 49, st. ~
Rock Island. Lake Shore ........ 62I
-. Pan 53I NY. Ceutral...... 1859
Union Pacifc....... y D. and M........... 2314
Wabash
market irmer in tone. The rates in the hnaI
dealings were the highest made Tor long time
in some instances.
The following closing rates we're teIegraphed
to Messrs. H. ID. Cooke, jr. Y Go. from the New
York Stock Exchange:
6s, 1851 coupon, .125H 52O's 1857 .........12EH
62Os, 1S64..........llSI New 5's............llTL
52Os, 1S65.........112H 1e-4O's, coupon.
52Os, 1855, new. .123A Currency 6's..... .1225I
The Sub-TreasHrer at New York to-day paid
on coupon bonds
We clip the following from Messrs Trask S
Stones regular letter to THE REPUBLICAN: For
the past week there has been very feVerish feel
ing in our markets with Continual fluctuations in
London early in the week caused some feeling Of
alarm here, and notwithstanding there was
sharp rally in speculative shares on Tuesday, the
improvement was only temporary, and quotations
reeeded as rapidly as thed advanced. There have
been two or three failures announced at the Stock
Exchange here, which have also been the means
Of augmenting the uneasiness in our markets.
The railroad war, among the trunk lines east Of
Chicago, is still being Waged with unabated fury
but advices from Philadelphia to-day indicate
that there is some prospect Of its early teFmina-
tiOn."
Our local markets are quiet and unchanged.
Money sales at 69S6l0 per cent.
Messrs. Sherman Grant, No. 1425 F street,
QuOte the following buYinR and sailing rates for