National Republican., 1881-08-08
FINANCIAL AND COMMERCIAL.
stock aud Bond Quotntions-BaItim or.
and 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 II. d..
Cooke, IT,. & Co., 1929 street, Washington, d. c.:
New YORK, Aug. G, $40 p m.-The market has
been to-day the same as for several days past
dull and uninteresting. The report of reduction
on West-bound freghts and the loss Of reserve by
the banks had no effect prices; in fact, the mar
ket shows q slight advance Notwithstanding these
facts the business has been smaller than on any
day for months past, the intense heat having
driven many people from town. Money continues
TO rule easy at per cent on call and 10 8 on
time.
New YORK, Aug, c. $50 a, m.-The tenor Of the
general discussion on the stock market at Long
Branch last night was rather indicative of u lower
range of prices this morning, with probability oil
higher market later in the day. The condition
Of the weather and its effect upon the various
crops was much talked about Cammack said j
X. Fisher had telegraphed him from Chicago that
the rain storm in the corn belt Of yesterday and
the day before had not been beneficial, because Il
came TOO late TO resuscltate the late plant and
other crops had been damaged by II, especially
those now being harvested. The bear party were
generally arguing that the storms IN the west ana
SOUTH together with the extraordinary heat, would
| cause incnleuable loss Sage was quoted as hay
ing stated that he looked for nOadvance Of mpor-
tance immediately but to his friends he expressed
II
as much as II ought Others thought that the
market had been largely oyersold, as evidenced
by the demand for Western Union, Lake Shore, and
been the fact for several days past.
The latter party advise their friends to hold their
| stocks, and predict another bull market before
next Wednesday. There are points in cireula-
ton from usually good sources TO buy Lake Shore
Notwithstanding the large sales Of stock yesterday
| by Vanderbilt concerns. The bulls claim that
products will bring very much larger prices this
| year than last ana estimate an increased revenue
from alone OF $500 900 of wheat 600 900
and q very much larger increase from the bete
| prices which may be realized from barley, cotton
| and lumber. This party argue that the bear move
| ment has about run its course claiming that mil
| lions of money are offered daily IN the street a
| 2l5l3 per cent. and the money market promises Ia
i be very easy until the middle of next month /
| was reported last night General Eckert would sue
| ceed To the presidency Of the Western Union Com
| puny September !. Ex-Governor Morgan anC
| Gould say that this company Is earning per cent
and II VIII show II In the statement in September
II Is said that D. p, Morgan sells 1000 shares of
| short every morning on orders telegraphed from
Rome. Ballou IL Tyson II is said, sold 10000 share
| short yesterday, probably for Keene. Governo
Cornell said last night he had not before hear,
that EckeTl would succeed Green, but 1t was no
x Saratoga dispatch says Garrett, Roberts. an,
Iewett are expected there to-day. Vanderbilt
Could and Depew are there now.
| Al the Gowen meeting OF Reading stockholder
in London yesterday resolutions were passed urg