National Republican. (Washington City (D.C.)) 1872-1888, 1875-03-03

The existing dullness which has recently come
| over the stock market is the closest approach to
| stagnation We have experienced for several
months, and the hrmness Of our securities under
these depreciatIng influences speaks volumes for
| their future.
Congress guaranteed 3s5's hold their own ad-
mirably at 7O07OIS. The rumor on the street that
. "cOln-interest" bill is soon to emerge from q
committee-room may have something to do with
It. The demand is light and transactions are con-
fined to small orders and the low denominations
Green SIS are slightly of, except 7s's and SERIES
and not quite so hrm, owing to the large amounts
offered to-day.
In permanent improvements there Is continued
activity for ls-year bonds at sSl1 the rates for
yesterday, while gold ss were offered at par this
morning.
Other bonds and stocks are not materially
| changed.
Our kilograms announce another shipment of
specie from London to the United States, but the
amount being only $1,000, it will hardly afsct
| the premium at the Gold Room, unless It be re-
garded BY operators as one Of the signs Of the
Our regular New York night dispatch says:
money Is s5 arm AZ 257g3. Exchange dull and
Rates for carrying, 2, ~, 3, I, and ~
Governments have been active during the day
but closed dull and steady and generally lower,
except new SIS.
The bulk Of the New York board sales to-day
were at the following rates:
@ Ss Iss IIsf
Sos, 1854, coupon. II7l$ lD-4O's, coupon ..ii4
53O's, new, '65 coup. iis5s American Cod. Ills
Speculative shares opened 1S96 above yester-
days closing. During.the first n6ur there was .
rise Of Ag2 per cent; the latter Pacific Mail. In
the next half hour prices declined XS9i per cent;
the latter Pacific Mail. This was followed BY a
rise rise OF 2sg2G per cent; the latter Northwest.
Since Hoon there has been decline of 1SllZ; the
latter Northwest. The market then became
steady. During the last hour they were alter
nately weak and strong.
Central 101lT Pfttshurg
Erie. ~ Northwest N:
illinois Central SO Rock Island pref. az
Messrs. Trask Il Stone say: "The month opened
with strong market, notwithstanding tempo
derstoOd that Pacific Mail stock Is now Controlled
by Mr.. Gould and his friends; also that they own
controlling interest in the Union Pacific rail-
road. 1t is to this fact that we attribute the
activity and strength in both these stocks to-day
and 1t is very certain that the smaller bears in
the market have become alarmed and have made
rush tocover their short contracts for all stocks
The largely-Oversold condition OF the whole mar
ket may be the means Of causing further recOY-
noticed large orders in the market to buy Union
Pacific all day, and there has been good demand
for Wabash and Northwestern common since tho
hrst call There Is some belief on the street that
the recent leaders Of the bear party have turned
bulls, and that they will run priceszHp sharply"
o11I% TodSv ,bav sn5ss aseiLnsa 70
DO preferred, 80. The amount Of balance with
Drawn from the Bank Of England on balance to-
Our Havana dispatch quotes gold at 2SoaZsI.
Exchange easier on United States sixty days
currency sO9gl premium. Short sight do. ESQ
"a premium; sixty days gold 12O912i premium;
short sight do. f236f2i premium. on London
145@E7 premium. On Paris I230124 premium.
frankfort dispatches quote U. s. b-2O's Of 's2
During the business hours Paris dispatches
quoted rentes at o4L &c., Our O'Clock dispatch
SHOWS an advance to o5t 55c.
The Sub Treasury balances at New York to-
day were: Gold, so 0e6 tos currency, 49255 4T3.
OF interest," and $1,000 for bonds. Customs re-
eeipts, s4eo,ooO.
Commercial.
The annual products Of manufactures In PhIIa-
delphla are S33O, 900, 900.
The future RATIFICATION Of the reciprocity treaty
with the Sandwich Islands Will be prejudielal to
but small class OF sugar reiiners the production
and imports being very limited, while Il will ODer-
the hrst step toward making the Islands 4 part Of
the United States. live fail TO accept the propO-
sition, similar overtures will at once be
commercial measures, and which makes efforts
tending to the acquisition OF territory. Whatever
the pOssossOr Of the Islands, % and though EhSy
have little commercial value at present, they are
important as strategic point and an AceommO-
The meeting Of the Produce Exchange today
was larger than yesterday. Business opened by
the sale Of carloads 81 hay, quantities. OF corn,
kG Oats, millleCd, dried fruits, &c, offered, but
no transactions.
The markets are unchanged nom yesterday.
The Markets Elsewhere.
BALTIMORE. March 2.-Cotton steady and
unchanged. Flour In improved demand and ac-
tive; Howard Street and Western super, sI0a
ti,3T; other grades Unchanged. Wheat 1rm but
quOti No. W estern red, sl.lT; Pennsylvania red,
Sl.lsGEl.20; other grades unchanged. Corn, South
ern quiet, Western active and strong; Southern
white, Soc; Southern yellow, Is37pc.; Western
mixed. soc. Oats dull; Southern, 6SdT2c.; West
ern white, &C.,; Western mixed, 65@e6c. Rye
quiet and unchanged. Hay dull and unchanged.
Provisions steady, with active order trade. Pork,
tl94l9.6O. Bulk meats arm and active; shoul-
ders, TAG7Hc.; clear rib sides, i0lE9l0II6.
Bacon tirm and active; shoulders, sl8Slf5.; clear
rib sides, llh9lll4c. Hams, li9i5o. Lard dull
and unchanged. Butter firm and fairly active;
good to ine Western tubs and rolls, 2292Sc.
Petroleum firm and nOminally TIzlT3zo. Coffee
firm and nomlnally unchanged. Whisky nomt-
nal; $lI0GJ.lT.
NEW YORK, March 2-FIour market quiet and
prices unchanged. Wheat dull and unchanged.
Corn quiet and steady.