The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-03-09
WALL STREET YESTERDAY.

NEW YORK March s.-The Posts financial article
s1ys The buONdht feeling which ir'l nidc ~ sp-
p.arance A. The stock EXCHANGE "nrm ,s ' n TX
bin was vetoed. aud which was auemenitd Nv IN! he
app0ntment 'f Mr.. Nind-in a Stcre airy ol lht
Treasury has given place 10 = Iee'inS 81 uilcei
t.iuty and doubt. The reason FOR thi> chanHe Is
iyo.foid I'm the first Hush Vi The dtitdt 81 tiei
funding hl. Wall street Only regarlei rs lHe re
moynI Of an Impending danger. which had WORKED
On up 10 that time. aud when wo',f 90 20
no more. satisfaction al ms Owe ,|'scu wv Iac'
that all stocks ana bonds which 'ltded Ie&ular III
come hal been advanced imu ens+ly slhce last
OcIObfr btcauSe among other IeasOnS: no one OF
which was more important, 'he rciuhuiHg Oh
six hundred and odd millions OF ihs puoic urut
would, IL WAS reasonably expected urNe sltai
deal Of the money now IN the lnled states > ana
per cent. into railroad ecu itles vi course me
defeat of The refunding bill VIII leave INC money
already I'm Iined States - andes where II Is. eN-
cept 10 the extent that lhe new Srcrc'aty ol lnt
Trea,urv decides 10 use coin n the Treasury to buy
these bonds aud this brings M the second part OIL
The reason noted At first Mr.. WINDOWS appoint
ment was regarded as meaning Xpansioh' ms Ie-
cord I'm Congress having stamped iRl - an aliTe-
symptoms, and If nor az arutnt w. L., a.
least rs one who permi ttd political COZ sluyra-
lions induce him To vote icr lenlontliZsnI,V9h
of silver at a mos uAiilnely moment. LUIS
WAS The first impression which Wall sirtet re-.
ceiyod from Mr.. Win!om's appointment ana
the stock Exchange brokers and SPECTATOR,
felt confident of new boom rs the result oil having
A fnanci0r with such predictions AT the hrdd 81
the Treasury second thought here again raised
doubts whether President GARFIELD, WIN MS Well
known soundness on financial questions Wnniu nave
placed the Treasury In chIfge 81 man WIN Such
record unless lltft llan uttn an
the policy Of the Department sbOuld oe ol w hId
10 discourage rather than foster VIA specu1tloh'
These doubts having arisen, me ac,ual Slluhuob'
50 far IS the money nar1et = concerheu'
araiu CONES prominently INTO consideration. IL
Is known that Ihc Treasury has now IN "
vaults NOT less than sl2.00O.OCO OF lawful
money which TWO weeks ago were III Dhk re-
serves here and elsewhere. II therefore De-
comes question of lmmed'aie practieal 'mp ,.
tauce whei liner il 10 be speedily urhed out by the
Treifury If II IS no., then AZ active money mar
ketls 10 be looked for; II II Is, mon such money
market as We had before The relunulng Dli WI,
nassed by the Senate; If a large amount Is 10 he
turned Ou then an easier money market thah cnuih
Otherwise have been expected i lncFliaplt. Us
patches from Wash ngiOn on saturday sali lhi the
money which The banks had deposi ed 10 retire note
circulation would be urOmpt y rctlrnti IN cphra-
ycnion Of the established rule. Di-plchts sn,csi!
that This will not be dOue: Others that II u doubtful
The only other way ot getting ib'' money PACK INT"
bank reserves i 10y DOud purchjse'' u Secre-
larry Window will paw The market price Tor Inc
bonds ne eau undoubtedly get an unlimited amount.
If ne stands price on par ana accrued interest,"
which Is all that Secretary sherman fet JuSuh.dlh
paying at even threatening moment Tor busineSS
Interests theb il is not likely that many bonds VIII
be Oncr Ia the Treasury. at least lhll money oe.
comes very dear. This Is about HE situation at
mr.. ,rni and our RI aders can each draw his own de-
ductions. United states per cent. bonds are
lower han al the close yeslerdty. ana me o are
higher Railroad bonds are irregular and grneialy
lower, ranging from "a per cent. The market
for foreign exchange Is dnl! and heNv.
The following que atioDs were current to-day al
2:30 Z. NJ: , 90
Western Union, ll6t; American Union; -;
New York Contra, l474 Lske Shore, l2sS; Mich'
Igah Central. lllz: New YORK, Lake Erie aud West
ern ASH do. preferred. IS do. seconds 100;
Delaware, LacLawanna ana Western. l2"@ New
Jersey Central, 1919 Delaware aId Hudson L.
Reading, 661 Northwestern. 1855; -. raul
llOa: Wabash and Pacific. 49,: do. pTeIeITe9,
s9'. Union Pacific, 1895: ~. H. aud T. dd3;g
Hannibal and -. Joseph 81 do. preferred lOif
y. Louis and Iron Mountain 81: ono ana
Mississippi, 45i,; Pacific Mail. 1e's: C.. {. ana
I. G.. "a; Northern Pacihc csm., 30; Northern
P4cifc, preferred. 755; GENIAL Pacific, sos
ChesaItake aud ohio, "a; LOW vile aud nashville
90 Nashville aud Chattanooga, 80; Ontario and
Western, 3-Is: Manhattan Elevated. 1u'. illlhols
Central, 1921; Canada Southern. SIS; ChicdRo'
burlington and Quincy. 1867: Denver and Rio
Grande, 1851; 81. Paul and Omaha az. 81
Paul aud Omaha preferred, 1919 { C., { ana l.r
s7l.: Erie and Western, ab ut 50; Chicago, St.
lOuis and New O"leau,. G3s: CO.. CIal, 90
ONO CeDrrs, 32li; Texas Pacihc, o7s; TcNas Ia
Clic aud l.. g., 50.
BALTIMORE.
BALTIMORE, March S.-NirNnia 6'i, deferred
15k; consols, 81; second scrIts, so due
coupons. 932; new l0-iO's, 5S; 10 40, coupon =
9iA. Bio today.