National Republican. (Washington City (D.C.)) 1872-1888, 1875-05-10

Ofey's dispatch from the New York Stock Ex-
change at the close quotes:
5-2O's, 1862 .l1sH SOS, 1858 .....I282
S 2OE, 1S64..........nS New 5's.....-..ll6
2Os, 1885. 10 4o's, coupon. -1l7J<
sos, 1855, neville Currency 6's.......l23Z
Stocks closed generally strong and prices
showed an advance Of 4 to % per cent. from the
lowest point OF the day. Panama closed at 155,
1877, against 1S5 at the close Yesterday. ST. Paul
common advanced from 353z to 81, and the pre-
TERED from 500 to $50, with no stock offered at
the close under 90. Union Pacific from TdS 10 1917
closing at 7o1<. Lake Shore from 1917 70 T2J2
closing at IN. New York Central sold as hiVn
as l0I5s. Missouri Pacific advanced to 81, and At
lantie and Pacific preferred to 1554. Erie recOy-
81 ed to 291S, and abash to 49,.
Messrs. Trask Il Stone, IN their special letter
to The REPUBLICAN, say: The stock market
and there has been little or no feature to note
concerning 1t except its inactivity Union Pa
citc has tuctuated between IS and IS, with quite
large transactions, and the public are now await
ing the decision Of the Court Of Claims concern
ing this road, but which will not be made public
until next week. The contest for the control Of
the Milwaukee ana st. Paul stock has assumed
definite shape, and promises to be lively. At
present the quotations for both ths common and
preferred remain steady, awaiting the result of
the election Of directors, to be held on the 18th
pIox. The report Of the Lake Shore Railroad
Company has been published, but TOR the most
part II has not been faVOrably received, as maay
capitalists here and elsewhere doubt the ability
Of the company to reduce the cost Of Transports
tion as proposed, and the sudden advance in its
price TO-DAY is merely the result Of speculation
In Philadelphia to-day stocks were active in
the absence Of other uses for money. Messrs
Charles d. Barney x Co., stock and note brokers,
railroad at 54G54l4; Pennsylvania at 5l1S; Little
Sehuylkill at 1871; Lehigh Valley at 6lzt: Phila-
delphia and Erie At 21I5; Oil Creek at II149G;
Our London dispatches this evening quote
British cOnsols for money, 953S693J<; for the ac-
count, 93A993H- United States bonds, 1885, lO6;
do. preferred, SO. New York Central, 92. TIE
rate Of discount Tor three months bills is $685.
per cent. The amount OF bullion gone IniO tAO
Bank OF England on balance to-day is EI2,GOJ.
Our Paris dispatches quote rsntes Al 53 francs
Our Frankfort dispatches quote U. S. $50 bonds
OF 1852 at 90.
Commercial.
The abundant supply Of money at home and
abroad, and the low rate Of discount, must soon
result in new ventures on the part of the hereto
fore conservative mercantile community, which
will change the contracted channels Of trade to
q condition Of enlarged activity and q maints-
nance Of the present standard of values. Or, on
the ether hand, the surplus capital must md
employment in permanent investments, such as
good securities and real estate, notwithstanding
the tax "bugbeSr,) and the stagnstion brought
to an activity on the basis of lower values.
One step in the latter direction is the fact that
grain is bringing lower figures in European mar
kets.
Messrs. Trask Stone have perpetrated para
Oh which bears lightly upon this point: Tho
IateIess of the season throughout the country
has tended to retard the spring trade, and there
is some fear expressed that the surplus Of our
various products can only be marketed by con-
cession in prices, which may possibly be felt in
other circles than those directly affected by sucl
q contingency"
The foreign commerce Of the port Of New York
for the week was as follows: General merchandise
imports, s. 56T, S35; produce exports, 81 954 S3T.
The total imports since January this year
were sl3S 6SS against ISL 2o 2l3 in 1874, and
SOS 22l, III in 1878.
The total exports of produce since January
this year are ss1,23S,S44, against so 365,s2S in
Business on the Chesapeake and Ohio canal Is
rapidly assuming the healthy tone which trade
circles expected would fellow the long period Of
Quietness. The coal shipments average I, 900 tons
daily. Coal is sctive, and the receipts OF the
week are the largest of the season, being IL, ga
tons, and shipments Il, oI4 tons. Boats bound to
Wednesday, being IN increase OF % boats over
Our local markets are quiet, aud our report
NJ onday will show few changes from our daily
notes.
The Markets Elsewhere.
NEW YORK, May Section quiet; middIing
upIaDdS, 161sc.: do. Orleans, 1910. FlOur-State
and Western firm. Superhne State, 81 s5f95. Is;
extra do, s5.25d5.40; choice do. S545G5 6OSfancy
do, s5.6565.s5; round hoop Ohio, s. SOFAS. IS;
choice do, $500 100; superfne Western, 81 $50
6l5; common to good extra do, 645.55; choice
Southern hrm; common to tair extra, IS S595.25;
good to choice do, 81. 3O8S.50. Wheat dull; No.
spring, Sl.25G13l No. 2 MIIEaukss, 81 Z31I,
shoat; No. Chicago, Sll98l.2l; winter red
W estern, sLSs6L42. Corn steady; new mixed
Western, SS1SGS9c. Oats steady; Western
mixei, 7S1k6f6}zc.; white, T58771Ec. Beef-NoW
heavy: new mess, s22 Lard frm; steam rem
dered at Is 9lSc. Butter firm; Ohio, 12815e.;
State, 15G22c-; new, 1s92se. Sugar firm Mo-
Spirits Of Turpentine heavy at 341S835c. Resin
dull at S26205 for strained. Petroleum quiet.
Whisky tImi Western, 4l20;
FreighIs quiet to-day. Berth room firm for
gram and cotton. Charters dull. Liverpool
steam, grain, 69o14d.: do. cotton, H@5-15i.;
t asSGT HAN ,d TnaSter'' Pc
low nIddlipgs, ~ ElosF dE9: whoa;
No. Edo, Sis; mixed do, sL4s; No. Western
red, Al a; No. 2 DO, SI4S; PennsyIYania red
sl.4oGl.42; Maryland red, s14O9l.is; Maryland
Western Spring red, sL1T8LiO. Corn quiet and
weak: Southern white, e4c.; Southern yellow,
slc.; Western mixed, ssc. Oats firm; SO1thern,
675c. Rye quiet at 81 l56LIs. Hay irm. Pro
visions firm. Pork, 81 5O823. Butter nrmer;
new Western packed, 20g26o.; do. rolls, 18322c.
and steady; ordinary to prime Rio caryoes, $50
1s7ls. Sugar strong at lG7s9l07sc. Whisky firm
al sl.lS-
dull and 2G3c. lower. Sales Of PennsylTania and
Western red at s1.4S4l.46, and amber at Al 81
Rye quiet Corn dull and lc. Of. Sales Of yellow
1t $1,000, and mixed at ssSs9c. Oats less
active. Sales Of Western white at TT9Tsc., and
mixed At T5e. Flour firm, but the absence Of
stock restricts business. Sales Of extra at s+T59
S; Wisconsin and Minnesota extra families AZ
IS T5G6 so: Pennsylvania, Ohio and Indiana do.
do. at s6@o. 50; high grades at s7gs. Rye nOur
held at $3.50. Cornmeal quiet. Cohee-Small
Gales Of Rio at 1661911c.; Maricaioo At 2l922c.,
and Java at 2662sc., ali gold. Cuba sugar strong
steady WHISKY steady a sl.ls,
The PhilAdelphia Produce Exchange reports
Butter steady; choice hrm. New York and
western extras, 23624c,; frsts, 179l9c. Cheese
firm; New York fancy, 1o1fGlI11e.; Western hne,
le6ie3lc. Eggs nrm ana advancing; Pennsyl-
" estern do, 1s6isl4c. Domestic fruit quiet, not
Witbstanding the reported rsVishes BY cold
S CaIcAeo. May s.-whsat steady; No. =, 81 Oly<,
July.
MIIwAuKzE, Mayss.-whsat steady; No. 1,
a O51f; No. 2, o. 0l5s; do, sl053s June; SI05l<
July: Corn weak; high mixed, Tz%c 0Its
Barley dull; No. spring, sI3J.
@ ToLKDo May S-Wheat lower and in moderate
demand; No. red winter, sl.2I, cash; si.231,
June; No. do, 81 IS; No Illinois amber, 81 2s,
Corn dull and loWsri high mixed. IS4e;; n no
Grade, To1lc. Oats shade higher No. l, os11e.i
No. 2 6T11c.
NoRToLK. May s-rhere is ~ improved HetIV-
fty for peanuts. sales II sl922S.
wuMIKGToS,- N. o., May S-Sp'rIts turpen-
tine steady At soe per ga SI g DER SS Tar
IaSer At Al 5O per Dbl. Grade turDentiue low r
for hard and yellow dip ct SL4O9230, respect
lively. Virgin, s3oo.