National Republican., 1881-08-15
FINANCIAL AND COMMERCIAL
stock and Bond Quotnfions-BaItIm nm ore
aud New York Produce Markets.


The following observations on the trans
actions in the financial market Saturday, together
with opening, highest, lowest and closing quota
tons are furnished by the banking house of n. d.
Cooke, jr., & Co.. fio9 street, Washington, ID. O.:
NEW YORK STOCK MARKET.
NEw YoRK. Aug. .13, $40 p.m.-The market opened
at about yesterdays closing and was strong, with
slight reactions during the day. The rumors that
an understanding between the trunk line presi-
dents had been arrived at gave the market the
strength which has offset the depressing effect
which the discouraging reports of the Presidents
condition would have had, and. In view Of the bad
news from Washington, in connection with the
particularly poor bank statement, the market has
remained remarkable firm, closing strong at n
slight advance from yesterday. Governments firm
at yesterdays quotations. Money. Q 10 per cent
The large Government bond dealers concluded
that the bank balances wili be on rising averages
next week, as the Treasury will be called upon TO
disbune large amounts against bonds falling due
on the 18th instant
WALL. STREET GOSSIP.
NEw YORK, Aug. Is, 9;45 n. m.-The private ad.
vices from Saratoga indicate that something salts.
factory regarding the formation Of money pool
by the trunk lines, based upon the frelghts per-
centage oflast years business, may be finally &C.
complished next week, and the Erie's claim that
the business Of the last six months shall be It's
sthuulIu Will pouuoly " uioNeui put tnctc ~
no apparent disposition TO expedite matters. A
Saratoga telegram Of last night said 1t was reported
that the Baltimore and Ohio people were now
hanging of little for better terms but there had
| as yet been no formal conference between the
presidents Mr. Gould was reported at the States
surrounded by railroad men discussing the sltua- =
tion while Vanderbilt was indiiierenlly talking
horse and Maud 8. on the opposite side OF the
| hall and he would converse ON no other subject.
The Bank of Montreal people here say but s. 900.
| 900 in gold Is on the way here from Europe, and
now that bills are up In London there can be no
more shipments at present except at loss, The
president OF Broadway bank said last night there
| would probably be another loss In the bank re-
serves o-day, as shown by the weekly statement.
The special press adYiees from Minnesota this
| morning regarding the wheat crop confirm the
dispatches OF yesterday that the yield will proba-
| from the weather and chinch- bugs. The new five
million ST. Paul stock, TO be issued at par 10 stock
holders, is in the proportion Of ~ per cent Inc
ments must be made in four twenty -hye per cent
monthly installments. Therefore, II tho new
stock is worth sl.l2, the rights should sell at >.
i2m,-A prominent Broadway banker nov. in
Europe telegaphs his house here this morning
greatly over estimated. A Baltimore dis
patch ~, says that '9S me-, crop y,sI'S pr9,sP'eGS
last six weeks has killed everything on both sides
OF the line for over one hundred miles. This road
runs through an unusually rich corn belt, but tn,
crop is all withered up. There is scarcely any
prospect that the November interest on the Spring
say It is not likely therC9ill be any restriction OF
mining and the business Of all the companies Il
good except that OF the Delaware and Hudson
The largely increased Western demand general,
| relieves the Eastern market Of the other corpora
lions Advance sheets of the Coal and Iron Jourad
forthe past week say; "There is a large business
doing n coal, but prices ara a shade weaker The
demand from the West Is, however, greater thar
the amount OF cars, and the demands from the Eas
on old orders are large. The market for iron Il
booming"