National Republican. (Washington City (D.C.)) 1872-1888, 1875-04-26
aatiauaIl 8spabIieau
FINANCE AND COMMERCE,
Honstar7.
MAaHIraroN, SATURDAY EHsninz-


tanned to-day, and the clearing out Of the lots
which were offered OF necessity has resulted (As
previously predicted in this eolumn) in al ad-
vance OF prices. Congress-guarantsed SoS'S
opened at sT7t this morning and closed strong, a.
es9osl4, and are quoted higher in New York, At
s9G7OL .-... ..-
These bonds were placed on the oficGI list or
the New York Stock Exchange yesterday, upon
the certificate Of the board Of audit as to tho
issue, and are called daily with State bonds.
Large holders had objected to this classification
for some time, but finally submitted, a. It seemed
to 3S ,I Ins S only opening By some the advance
their admission to the stock board, but there are
so many causes which may have led, and may
lead, 10 an appreciation that it IL dIieult to de-
The market is more or IsIs msreuriaI, and old
stagers shake their heads when higher prices
are spoken Of. Viewing everything the tendon
cies seem to be to higher prices. GOTernmsnts
are dull, owing to the high prices. There Is B0mo
an GOLF Ssd tRs are % tie
Will be safe article In trade. Money IL easier
In New York, to-day, gold opened at l15<.
All sales were made at ln5I19% ruling BtrOaE
during the day and closing arm At 1l5I<9X.
Inc n, rate ~ Tor Carrying has been SS9 The
eign exchange continues strong on the oasis OF
t4.sS6L9l. The money market continues easy
and weekly gains in currency point to low rates
during the summer. The rate for call loans has
been SG11T, closing at 21493. Money oan be Dor
reWed easily on approved collateral for ninety
days at the rate Of per cent per annum.
Government bonds were active at the FIRST board
under an investment demand by large homo in
situations, and strong and higher at the second
(and last) board, Comparison shows al advance
OF IgH upon yesterdays closing, except lO-40'S
The following closing rates we're tsIegraphsd
to Messrs. H: D. Cooke, il, s Co., from the New
York Stock Exchange:
u s. G,s 1881, .....I23, S2o's, 1853, coupon. .1se:
5-2o's, 1854 coupon .l2OE IO-lOs, coupon ....IISS
51's, 65.coup. .....l22A Currency SIS. l24s
sos, 81, coupon.
In State bonds, plain Missouri o's are higher,
There was a large business in raiIaoad bonds
and strong market. The largest transactions
were in Union Pacific sinking fund SIS, which ad-
Stocks were irregular at the opening. with
Union Pacific, Kansas Pacific, Missouri Pacinc
Atlantic and Pacific preferred, and Panama
Stronghold per cent, higher-and Ohio aud
Mississippi, Rock Island and Northwest Lz79I[
lower, and the remainder Of the list unchanged
The general market in the late dealings was
stronger and higher, without any special increase
in activity. Erie advanced and sold at 3l34; Pa
eihe NJ all, ~; Western Union, Ts15; NorJnEeJ-
tern advanced to 43 without sales. There was 4
great demand for Panama, which reacted in .
sudden appreciation Of the stock, opening at lF5
and closing At l5S, being a rise of 10 per cent
programme marked out by Jay Could and amid
fluctuations has been up to 49, The last sales
were at ~. At the close, OHIO and Mississippi
sold at 2719. The sales OF stock to-day aggregate
$4,000 shares.
wegivs to-day correspondence in regard to
the Wall street markets, written specially for
THE NATIONAL REPUBLICAN,, by Messrs. Trask
s stone, as follows:
1.-THE course ofthe Wall street money and stock
markets for the week just closed has been char
acteriZed BY many interesting and peculiar fea-
lures. While the transactions on the Stock Ex-
change have been attended with less excitement
than formerly, the volume of business has been
large and prices, in the main, we'll sustained.
The marked features Of the week have been
the advance in Panama from ISO3l5S, and
Union Pacific from 721s9Tsl% on the announce
ment that the negotiations which have been
Pacific Mail Company had been adjusted. Paeido
Mall stock has not yet responded to the new
order Fittings, but We look to see higher quota
tons established for 1t ere long.
1--WE have also to note renewed activity In the
miscellaneous stocks which have been hitherto
been brought into prominence, and advanced as .
result of the recent change In the status of the
Union Pacific affairs. Among these recently vi
talized shares we may mention Missouri Pseinc,
Kansas Pacific, st. Louis, Kansas City and
Northern preferred, and Atlantic and Paeinc
preferred. We also have favorable prognosticG-
lions concerning Atlantic and Pacific Telegraph
stock. For the moment speculation in thiS5tOck
is retarded at, parties are awaiting tidings from
the steamer Faraday' which Is attempting to
Dered, was bUoyed in the fall Of 1874.
The money market has worked with extreme
statement exhibits an Increase In the legal re-
serve Of s., 500 900 over last week.
''fold has been steady, but intensely apathetic.
the fluctuations covering q range OF only & OIL
In Philadelphia money continues easy, at 495
G6 per cent. Stocks dull, but prices firm. Msssrs.
Bond, Moxley, 4 Co. quote: Reading railroad at
551S; Pennsylvania, IS; United Companies, $50;
North Pennsylvania, 52lS; Lehigh Valley, ESQ
6S1S; Philadelphia and Erie 2IJ<.
IN London 3 nrmer tone has been established
upon the quotations Of the week for British con-
soils and United States bonds. Erie shares
closed lower at 2, and preferred S71%.
The weekly statement Of the condition of the
New York banks shows q specie decrease OF
81 e6I 800 and gain Of So $50 800 legaltenders-
This is an increase Of 81 SS3 $50 upon the gain OF
last week. raising the excess Of bank reserve over
liability to 81, 5S5 625. The banks hold Sl2-
O45 300 In specie and s53 80 800 in IegsltenderS-
The Assistant Treasurer paid out S23S 900 in
coin interest, and $22 800 In called bonds making
the respective weekly totals 81 900 and Sl23 100.
The total imports Of specie for the week were
slTs 50; shipments, 81, 100 900. The engagements
for to-morrow's steamers are estimated at ST.
10000.
Customs receipts to-day were s2l0,OOO.:
Commercial.
The import entries of foreign dry goods at the
port of New York for the week ending tonight
were 1851, O64, and of general merchandise S.
2ss,S75, making total in gold coin valuation OF
SS,sT7,9I3. The total imports Of dry goods since
January l. this year. are az 25O O+S and the total
amount marketed 81, %, ss4.
The export clearances Of domestic produce from
the port Of New York for the week ending Tues
day, April 20, were q, 6l6, $40, currency.
In our local markets business continues active
in the various transactions OF trade, and the
dealings did not seem to be in the least re-
stricted by the treacherouS weather which pre-
vailed up to . late hour in the afternoon. There
is no important change TO note in the condition
changed from our last quotations. There has
been an advance OF 14G34c. on coffee during the
week, with posPect OF sill higher ngures, We
may also look for an advance in sugars, and pos
sibly in provisions.
Wheat continues firm and active at sl.35Gkl.45.
At Georgetown the advanced price has become
irm, almost stationary, although receipts are in
ereasing.
The Markets Elsewhere.
NEW YORK, April 24,-FIOur slightly in buyers
favor, prices ranging from IS to SS.2O. Wheat
Ese sI.2fal.2s; No. chicago, Si.isSi25; winter
red Western, Sl.26Ql3O Corn less active; scarcely
so firm; new Western mixed, CSC. Oats quiet.
quiet. New mess, t22922. l214c. Lard arm. Steam
rendered, lS1Sc. Butter, Old, steady; new, heavy
9hIS 1sgiSe STATE i y e nI new 1'9E ne
lasses hrm. Coffee firm. Petroleum dull. Rice
quiet. Spirits Turpentine dull, at S9STI<c.
FSs s s' are very quiet sodag. ChartsrinE IS
dull in all lines. Berth.room Is in moderate de-
mand, chiefly for grain, however, without i'm
provisions. 25s. Hull, steam grain sgd. Bristol,
steam provisions, ass. to 4Os.
BALTIMORE, April 4.-Flour hrmer and in
tl.4OG1.4 AZ; other grades unchanged. Corn nrmer;
Southern white, 9o69Sc.; Southern yellow, 9Oc.;
Western mixed, 9OG901Ic. Oats quiet. Rye quiet
and steady at tl.l2 Hay dull Provisions quiet
and unsettled. Pork, S22.5O9S. Bulk meats
shoulders, SIG9c.; clear rib sides. 123S9lSe. for
car loads, loose; jObbing packed, Z914c- higher.
Bacon-shoulders, 9ZGl0c.; clear rib sides, 12X
dl3c. hams, 14z9I5c. Lard; refined, 166l5I<c.
Butter; new firm; good to extra hne Western
tubs and rolls, 23426c.; old nominal at n9l5e-
Petroleum nominal at o5sG65<c. Coffee quiet, but
strong; ordinary to prime Rio cargoes, 1o1<8
19e NWhisky stronger; small sales at kl1491.1511-
CHICAGO, April 24.-FIour quiet and steady
Wheat steady and fairly active. No. 2, tlo214,
May; S1.04l1Gl043S June. Corn is quiet at 1910,
May; "a &C., June; new, roc, cash Oats quiet and
easier, at SIG, May; 62<c., June. Barley strong
and high, at LBS, seller, April, in settlement;
Sl.ls bid, sl.2O asked, seller May. Whisky quiet;
salabIe, at Sl.l3, held at S1.146L15.
MILWAUKEE, April 2A-Wheat, No. l, $1.051I:
No. 2 $lO2dlO25S, May; s1.O41fs June. Corn
steady; high mixed, Tll3c. Oats trm; No. 2 60iEc.
Rye, steady; No. I, tl.l5. Barley unsettled; No.
spring, $l.ls.
TOLEDO April A-Evening.-Whea stronger
and higher. No. white Wabash, Sl2S; No.
red winter, LA, seller, May; No. white Mieht-
gan, S1.25; extra white Michigan, SIS; No. red
winter, tl.2e. Corn strong and higher. High
mixed, ne, cash; TTl4c., May; S0:., Julyi low
mixed, &c. Oats quiet and 1rm. Michigan, oSe;
No. white, e6e.