National Republican. (Washington City (D.C.)) 1872-1888, 1881-03-18
MONETARY MATTERS.
FINANCIAL AND COMMERCIAL NEWS.
Wall Street TraMsactiOns-The Latest Quotations
in Stocks and BOnds-Sew York and Bal
timOre Produce Narkets-LOndon
and Paris Money Markets.

The following observations on the transactions In
the financial market yesterday, together with highest.
lowest and closing stock quotations. furnished by
the banking house of II. d. Cooke jr., & Co., lbs
street, Washington, d. c.:
The market opened strong this morning, showing
advance from last nights cIosings Of "a to per
cent During the first board prices commenced TO
droop, and declined "a to Ia per cent, the latter Den
Yer and Rio Grande. This was followed bya rally of
"a to l per cent, the latter also Denver
and Rio Grande, After this there WAS another
fractional decline throughout the entire list, followed
by an advance, which continued until the close, at
which point the market shows advance at from Is
3per cent the exceptions to this rule being Ameri
can District Telegraph, per cent. of; Chicago st.
Paul, Mississippi and Ohio, x per cent. off, Chicago,
ST. Louis and New Orleans, 4 per cent; Ontario and
Western, q per cent off and Reading, q per cent. Off
There is very little TO report The market is at
present i'll the hands of small traders, there being
outside news TO affect 1t one way or the other The
brokers and spectators in Wall street having
good rest and awaiting future developments. The
sales to-day have amounted to little over 2NH0. OF
this amount Delaware Lackawanha and Western has
contributed the immense sum of 10000 shares. Coal
stocks have been heavy to-day. Doubtless the report
that Delaware, Lackawanna and Western would de-
clare dividend of only IL per cent has disconnected
the traders therein who expected larger dividend
1t seems 10 us that this course must meet the approval
of all prudent people, The coal companies have not
been very remuneratve for several years past. A
succession Of mild winters has made the production
and carrying of coal anything but lucrative, and many
debts have been incurred and dividends neither
earned nor paid by the companies. We have just
passed through winter of great severity and length
which, while it has seriously hurt the prosperity of ali
ether kinds of railroads. has materially benefited the
coal companies They have been able to reduce their
debts, earn dividends, and accumulate surplus If
now the savings all paid out in the shape of
increased dividend the Delaware, Iackawanna and
Western would be left in the position it occupied
before this unusual winter came to help it and the
ether cOaers out of their difficulties Its treasury
would be nearly emptied, and should next winter be
mild one il would fall back into the same old rut
pay but per cent, and lay by the residue for some
"Tainy day."
Among the few roads conspicuous for their increased
earnings in the near past may be mentioned Denver
and Rio Grande the earnings Of which for the second
week in March sS2,S76: increase of s47:1i. 1t
must be borne in mind, however, that last year they
were only operating 33l miles, whereas this year they
are operating 55I miles.
The last snOw-stornl most severely fell by the
Rock Island. Illinois Central. and Northwestern
70 ads and also on many of the roads running East
from Chicago. The effect OF snow blockades these
latermentiOne roads Is very dseernible In the fail
ing off of th cir freights to wit: The total shipments
for the eek ending March u compared with the
eek previous show falling on of 500 tons. There
was a decreased shipment of 5000 barrels of -FOUR
!, 200 tons of grain ard 200 tons of provisions.
Money loaned at TO 5per cent; later at per cent
Total sales: Paci fic Mall 6.5oG Western Union
$780, do extended. &c., Northwest, $780, Rock Island
1O0 ST. Paul, :nlOe c. C. & I. c.. $780, Erie IIlOG
Hannibal and St. 10, 1900: preferred, 400: Lake
Shore, j, 0@ New York Central. 800 Ohio and Mis-
sissippi, $780, Union Pacific, l25GO: Michigan Central
2,7cO Delaware and Hudson, 1900; New Jersey Cen
trail, $780, Delaware Lackawanna and Western
100000