National Republican. (Washington City (D.C.)) 1872-1888, 1881-04-25
MONETARY MATTERS.
FINANCIAL AND COMMERCIAL NEWS.
Wall Street TransactiOns-The Latest Quotations
in Stocks and Government and State
BOnds-NeW York and Balti-
more Markets.

The following observations on the transactions in
the financial market Saturday, together with open.
ing highest lowest, and closing quotations, fur
nlshed by the clearinghouse of H D. Cooke jr & Co.,
li29 street, Washington d. c.:
The market Saturday manifested decided weak
ness soon atter the opening and it apparent
that the entire list was the ''down-grade.' This
cohdlton OF affairs continued in force until the final
close, at which time the list shows general decline
OF 1aG2a per cent the most conspicuous drops being
IN Pacific Mail ami Nashville an Chattanooga each
zs per cent, and Northern Pacific and Lake Shore
each per cent of. American District and Chicago.
burlington and Quincy show the only noteworthy ad-
VanceS of the day, being up IL per cent. and per
cent respectively. The rise of last week, which be-
gan on Tuesday and continued until Friday evening,
was purely manipulation the part of certain
large holders TO enable them TO dispose OF their hold
lngs. The comparative drop on Saturday may be at
trbuted to the selling Ofstcps the part of parties
Who bought Monday and Tuesday last in anticipation
OF the bull movement, which started for the rea
sons already mentioned. The extreme leniency of
the money market during the past week made it
an admirable time in which to boost stocks, money
being prOcurabe during the entire week at an aver
age rate of3 per cant; some days going low %
per cent Whether stocks too high or too low at
present is matter on which would not dare 10 eS
press positive opinion, for the reason that the
market in its present condition is purely
brokers market" and is utterly devoid of any i'm
porant news to affect it either way. Therefore prices
Will depend entirely upon future developments alto
gether unforeseen and upon which one may ever
venture surmise In other words, the market is in
quiescent state, awaiting the development of forces
which may carry if up down. With the present
easy condition of the money market it would be much
easier 20 inaugurate a strong bull move than a
downward turn. However, it all depends upon what
facts and the future may bring forth.
At present the market is in that condition when little
Insignificant clqueS and pools can, by strenuous eff
forts, affect its prices or per cent For this
the trifing daily fluctuations of last week have
significance whatever relative to the action of prices
in the future. 1t seems reasonable to believe
that reckoning from basis of intrinsic merits, prices
more within their proper range now than they
were two months ago. when they were Is to 20 per
higher than to-day, and when, be it remembered,
this column emphaticaly predicted a decline.
Money easy from to 81 per cent.
Total sales: C. c. IS 1. c., $500; Delaware, Lacka-
wanna and Western, I7,GOG Delaware and Hudson,
LOO Erie 1850; Hannibal and ST. 10, 200 do pre-
ferred, $780, Lake Shore, 4O,9OO Michigan Central.
I62OO New York Central $500; Northwestern, 2,4CO:
New Jersey Central 10 lCO Ohio and Mississippi 1900;
Pacific Mail, I430G Rock Island, 20O ST. Paul, 16, 200;
do preferred, 3OO Union Pacific $780, Western Union,