National Republican. (Washington City (D.C.)) 1872-1888, 1875-04-29
AatiaaaI gepahEieau
FINANCE AND COMMERCE.
Honetary.

WABHIN9TOH, W edneSdaY Evening.
The local stock market continues active, with
the guaranteed 1855 in the van. The volume OF
business was smaller than yesterday, owing to .
further advance Of rates. We endeaVored yes
tsrday to show clearly the direction and invest
ment channels into which these bonds move, and
to harmonic the difference in rates for large and
small lots at New York and Washington, and TO
show the certain future Of the bonds. Whileour
press was in motion, however, the Washington
and New York stock report fell from the nnAnce
column, and there were not more than 5000 Of the
edition Of THE REPUBLICAN, printed at the time
Of the accident. Nearly all Of these were sent
Warrington subscribers who had the benefit Of
the article. We shall refer to these matters from
time to time hereafter.
The guaranteed sass opened strong yesterday
stMondsy's closing, became active aud advanced
during the day, closing strong at 6TN for small
lots and 669o64 Tor lots OF SO 0O0G so OOO after
an unusually large volume Of business. The in
convenience Of handling small orders and the
risk Of decline Of prices while the bonds
justify brokers and bankers in fixing the rates for
small lots at 1f6N below the ruling rates for
heavy transactions In the Stock Exchange.
The arkeito-day opened active at yesterdays
closing, ssd rapidly advanced to 69960L, at
which rates the bulk of the changes were made.
the business being mainly in large orders. As the
bonds appreciate We may look for q more quiet
market, as that is the legitimate result OF an sd
vance. These bonds to-day are a better perma-
1 men investment than many higher securities.
same way, are no safer, and pay less as the rates
are higher, being quoted at lzS9124.
In New York to-day gold opened at 115M, and
was firm under bids at r. closing firm at ii5IE3
n5A- Loans are not 50 easy, and the rates have
been advanced to S9T per cent. per annum and
is steady at 4s714949O1& Money has been 2I<93
per cent for call loans, closing active at Ans and
business is almost confined to this class, msrcan-
a ma hal and aFNW
the rates being 414@s per cent. per annum. ac-
coTding to the class of paper and length Of time
Government bonds are strong and generally
higher, except currency skies, which are q lower,
closing quill but strong, as per dispatch to
Messrs. Il. D. Cooke, it,, & Co.:
6's 1881. 5-2O's, 1885,. 1857
5-2O's, 1s62..........ll91 52O's, 1858. I22Z
. 2Os, 1854 .......-.l2lA New 5's...-........IITK
5-20S, 1850 -....-...l23A 10 40s, COUPON 1852
5-20's, 1855, neW.-.-l2lH
State bonds were firm, closing steady.
Speculative shares opened strong, and after
fuCtuating the market recovered and became
strong, closing active and unsettled.
Messrs. H. E. Ofiey & Co.'s dispatches quote:
Central .............IO5 Northwestern ....... a.
Erie .................. 29f4 do. pref. Sc
Pittsburg......... 92I1 Illinois Central ....IO5tf
Our London dispatches this evening quote
British eonsols, for money, at 935s994; for &C
count, "a. United States 20 bonds of 1885, old,
1854; 1875, 1857; Erie railway shares, q.
Our Frankfort dispatches quote U. S. so bonds
Our Paris dispatches quote rentes at So francs
90 centimes.
Our Havana dispatches this evening quota
Spanish gold at 2lSG2lSJ5; American gold 2280
229. Exchange frmer. On United States so DAYS,
currency, 94g96 premium: short sight do, 9S6iO0
premium; 90 days, gold, 1219122 prs.tHm; snort
sight do, l269l27 premium. On Lapdh, l5IRI53
premium. On Paris, l238l25 premfhm
The sub Treasury balances at New York to-day
were; Gold, 800, ,oO2; currency, $n,O57 AS.
Of interest, and $4,000 Tor bonds. Customs re-
The specie shipments to Europe to-day are
$500, OOe.
Commercial.
The local produce markets were less active to.
day In consequence Of the limited receipts, occa-
stoned in part BY the rainy weather, which inter-
fered with outdoor operations. Prices are gene
rally unchanged, and our revisions tomorrow
will show very little change other than we have
daily noted. The steamers from the South are
bringing up very small carEoes, owing to the
backward season, but we may soon expect trade
to break out in unusual activity.
The Markets Elsewhere.
BALTIMORE, April 2S.-FlOur quiet Wheat
firm. Corn dull; Southern white, 9O8S2c.; do.
yellow, 9Oc.; Western mixed, S8149s9c. Oats
quiet and steady; Southern, 756fSc.; Western
white, 0GT2c.; do. mixed, 6s@69c. Rye quiet.
Hay dull; Pa. and Md, sl7@24: Provisions quiet,
troleum nominal at 61H861so. Coffee firm and quiet
sugar firm and fairly active at lO54c. WRIsky at
$l.16GLH.
NEW YORK, April 2s.-Flour dull to steady at
prices ranging between $3.50 and $50. Wheat
quiet and steady; common to choice, sIl5 to 81 a.
Corn firm at sOG92c. Pork shade on, Whisky
steady at sl.16.
Georgetown Cattle Market.
The offerings Of cattle at DroVers' Rest to-day
were in excess Of the demand, and after the re-
duetiol Of prices there were some beeTes left over
Common to choice sold at 497e. About 800 Of
fered.
Sheep active at 66Ic. Lambs in demand; srdI-
nary to choice, S495.5O per mead; prime, IS.
Hogs very active and higher; ordinary to choice,
1O4l214c.
The market will close tomorrow morning.
Foreign Markets.
HAVANA, April 2S-Sugar excited: No. Il
Demarara, l61491T reals, currency; T149714, gold.