National Republican., 1881-08-26
FINANCIAL AND COMMERCIAL.
stock and Bond Quotntions-Baitim
and New York Produce Markets.

The following observations on the trans
actions in the financial market yesterday together
with opening, highest, lowest and closing quota
tions, furnished by the banking house of H. d.
Cooke, jr, * Co.. 1929 + street. Washington, D. c.;
NEW YORK STOCK MARKET
New YORK, Aug. 25, $40 p. m.-To- days market,
unlike that of yesterday opened weak and with
occasional small rallies, and continued so until
about p. m. when an improvement OF y took
place. and the market closes duh at decline OF u
to per cent. The causes affecting the market
were, FIRST the fact that the Bank Of England rate
was to day advanced toaper cent, and second, that
the news from Washington to the Presidents
condition was not considered favorable The
weakest stocks have been Missouri Pacific, Union
Pacific, and Denver The second named declined
on sales of some 10000 shares through different
brokers and credited 10 a prominent house sup
posed to have been long ofstock. Erie consols
depressed by the same parties who attacked Illi-
nois Central and Chicago, Burlington and Quincy
some days since. A prominent bear opera
tor is supposed to have been the seller.
Among the specialties, the Elevated stocks
have declined to per cent on reports that par
ties interested in the Eighth avenue hose -carine
would build another elevated line OH Eighth ave-
nue.. Money continues TO rule at per cent. at
bank, although the rate at the Stock Exchange de-
clned to per cent. at the close. Governments
continue dull and show decline OF about u per
cent. II is becoming, we think, more apparent
every day that one OF the principal factors in the
last rise In stocks the belief that the rate of in
terest would remain so low on account of the large
disbursements by the Treasury, that all good bonds
and dividend paying stocks would command a
high premium. The fact that so many bonds were
extended at has reduced the amount Of money to
be dsbursed from sS0000,000 as expected, to about
$40, 600 900, and the bonds called being so widely
distributed, the payment for some must necessarily
be slow, These fncts, taken in connection with
the higher rate of interest in London, are i'm.
porlant In their influences on the stock market
aud are without doubt an element in the present
decline.
New York, Aug 25, 10 u. m.-rhe most of tn o
prominently large operators and bankers aud
brokers interviewed ut the Branch last night were
bG:h in their views upon the stock market
| Woershotfer, Conner Hutchinson and Kennedy
and all these people agreed that the money mar
ket wowld soon gradually work down to and
| per cent Sage and Conner declared that they had
| never known SO many damaging misrepresenta-
tions to have been circulated before as had been
| put out by the opposition within the past six
| weeks and they had tclegraphed them all over
the country, for the purpose Of fbreaking down the
credit of the country. Sage said that bear state
ments had been attributed to him by interyiewers
| which he had never uttered, and he had no sym
| pathy for people who had been so foolish as to
1 credit them. The bears in Western Union, he
said had shaken out n great many holders on re-
ports that the stock would be broken down to TO-
| when II they had come to him he would have un-
| were telegrAphed for effect TO London yesterday
that the Cabinet had telegraphed for Vice Presi-
Presidents physicians would be echangednextweek
' Similar dispatches were sent to the West Conner
4 thought the strength Of Lake shore was an indi-
cation that there was foundation for the reports
that the trunk line presidents were getting in line
| for new understanding He believed that the
| strlngency in money had been partly the result Of
| manipulation, and also thought the crops Of tho
! country generally would pan out within 10 per
1 cent OF last year Sage said he still thought the
was announced last night in private circles that
I an expert In gathering Information about the
crops, who had been sent West for this purpose by
4 Meisrs. Mitchell and Millbank, over the st. Paul
and Northwest roads, had Just returned aiter Il
] fortnights careful investigation and he had re-
ported that Minnesota and Wisconsin never before
| raised In the aggregate such large crops Of all
kinds as this year aud he predicted that these roads
would undoubtedly do alarger general transporta'
Hutchinson declared himself great bull on the
better class OF diyidend'paying stocks; He
was especially bullsh on Lake shore, Union
Pacific, and the coalers, and predicted the
Delaware, Lackawanna and Western would pay 8
per cent. dividends this year. Woerisholer offered
would not sell 8 per cent. below Mondays prices
again this year. Washington special says this
morning. mail brought aTse GS amount amount, Of called
days and II Is believed there that the Secretary
will before the end Of the year call in u portion
may W not be less than s5O,OOO0O0 II money should
continue stringent the new calls Will begin very
soon, US the Treasury now holds cash balance
more than sufficient TO meet outstanding engage
ments, and funds are accumulating so rapidly in
the Department as TO threaten TO seriously AFFECT
i2m.--The Chicago Tribune this A. M says very
slow progress Is being made In settling up the
Southwestern pool matters and declares there are
Eastern and Western roads, growing out OF settle
ments OF propOriOnate reductions on West bound
ske sr sgens e are SoTS gdbs
about the amount Of average freight which may