National Republican. (Washington City (D.C.)) 1872-1888, 1881-03-17
MONETARY MATTERS.
FINANCIAL AND COMMERCIAL NEWS.
Wall Street Transactions-The Latest Quotations
in Stocks and BOnds-New York aud Bal
tim0re Produce Markets-LOndop
and Paris Money Markets.

The following observations on the transactions In
the financial market yesterday together with highest
lowest and closing stock quotations. furnished
the clearinghouse of II. D. Cooke, jr & Co., Ii29 &
| street, Washington. d. c.:
The market opened this morning without any rad
cal changes frOmla last nights closing During the first
hour stocks were strong, advancing LzGIk per cent
The latter Western Union After this advance there
was decline of4@1x per cent, followed by an af-
vance OF sS per cent, from which point the market
declined Systematically until the Close at which time
the list shows falling off of l436 per cent the lat
Ter New Jersey Central The exceptions this rnfe
nave been fractional advances in Lake Shore, Iron
mountain Western Union (oldan newt, Pacific Mail,
chicago and Omaha preferred and rise efI per cent
IN nashville and Chattanooga and ga per cent in Chi
eaSo, st. Louis and New Orleans. The cause OF the
drop IN Western Union yesterday az per cent? is
counted for in the following manner: Rufus Hatch
commenced another suit biased OIL the decision given
IN the Williams cdSe) prevent the consolidation of
the telegraph companies Judge SPier, of the Superior
Court granted a temporary Injunction yesterday.
which tied up the stock in the hands of the Union
trust Company, the officials there refusing make
any more transfers. This state of affairs complicated
matters and caused the drop. Until this impedimen
be removed there will probably not be much trading
IN the stock, as buyers and sellers scarcely know
where they stand.
To-day there has been total absence of outside or
ders, and the large manipulators have let the small
traders have the market all TO themselves The total
sales Of tine day amounted TO about G90 shares The
stock dealt in most conspieuoasly was Delaware
LaekaHaRnR and Western, of which $500 shares
changed hands.
During the various vicissitudes of the market
through the past two months stock alone has adj
vanced steadily aud surely, regardless of the move
ments of its "confreres that stock is Chicago st.
Louis and New Orleans, which not very long ago
selling in the 46s, and which closes tonight at ia
having advanced 81 per cent to-day 1t has been ru
mored that the Illinois Central proposes To divide up
among its stockholders. pay scrip of some SORT
in Chicago, St Louis and New Orleans stock. It is
claimed by some that the present bull movement in
these two stocks is based upon this proposition.
The earnings of the Hannibal and st. 10 for the
first week of March So SILL decrease OF sI5 GIG.
Those of the ST. Paul, Minneapolis and Manitoba
Railroad for the same time S3S,Ofl; decrease,
g 9i5. Earnings of Flint and Pierre Marquette from
January l to March Z, ,I59; decrease Sc EOS.
Many more might be added TO this list Of delinquenis.
Unfortunately winter is not yet ended. We have
recently had some very storms west aud more
are to come ere long. We fear that the BREAKING ND
of 50 winter will surely he attended by de-
structiOn TO rOad-beds, &C. by reason of the floods
which will ensue should the change from cold to
warm be in any degree sudden The most damage TO
be looked for from danger of this will be in the
Southwest.
Money loaned at per cent. to-day.
Total sales: Pacific Mail, l33OG Western Union,
I,3OO do extended, 22OG Northwest $780, preferred
200 Rock Island 9G st. Paul. lGl do preferred 3OO
c. c. & l. C., S,1oO; Erie 1i,7Oo Hannibal and ST. 10,
2,lOO Lake Shore, 1906 New York Central, 47OH
Ohio and Mississippi, $780, Union Pacific, &c 4O0 Mich
igan Central, $780, Hannibal and st. 10 preferred
LOB Delaware and Hudson, 6,I0O New Jersey Cen
trail, $500; Delaware, LaCkawaHna and Western.
$500. '....-.-.