National Republican. (Washington City (D.C.)) 1872-1888, 1881-03-09
MONETARY MATTERS.
FINANCIAL AND COMMERCIAL NEWS.
Wall Street Transactions-The --latest Quotations
in Stocks and BOnds-NeH York and Bal
timOre Produce Msrkets-LOndon
and Paris Money Markets.

The following observations the tran rons in
the financial market yesterday together with highest
lowest and closing stock quotations, are furnished by
the bankinS-house of H ID. Cooke, jr., Co., 1892 f
street, Washington, D. c.:
The market has been quite unsettled to-day and
has been almost entirely governed in its fluctuations
oS the various dispatches received from Washington
regarding certain matters which are pending. The
closing IS little irregular little more than half the
St having advanced from q to IL per cent the rest
having declined from - to per cent. We feel it
would ne quite useless to enter into description of
the. influences which may have affected the market
Today having in our yesterdays letter set forth the
various preSSures now being brought to bear on
stocks which remain the to-day with the excep-
lion OF one item, viz, the foreign demand, which has
certainly helped to bolster stocks during the past
week, has been diminished to-day. To offset this bear
argument however, we will have the redemption Of
s0'0OOoO hyes and skies tomorrow.
Just al present must Danish the subject of ntrin
sic values. foreign demand &c, from our calculations
and depend entirely for index of prices in the
future upon the probable action of the Treasury De-
partment regarding the attitudeit Will assume toward
the national banks, who DESTROYS to place them
selves exactly where they stood before they COM
menced to contract their several currences. The
tire speculative public is on tptoe of expectancy"
the question being: VIII the banks be allowed to
deposit the securities they Withdrew and
their circulation? '--..-
In Wall street many brokers assert positively that
the lreStry department VIII alIOw the aDoVe-neli-
toned privilege, and further their customers
that the question will be positively decided before
morrow morning. While we do not say that this may
not be the ultimate outcome of the matter, would
like to state that no knows to certainty how the
question Will be settled. 1t is thought by those best
informed that the Secretary of the Treasury
will most probably not decide the point until
after an interview with the Cabinet Thursday). The
Comptroller of the Currency and the Treasurer in
favor of actual retraction of the steps taken by the
banks This course would certainly trouble TO the
Department, for the banks would probably take out
new circulation if they were not allowed to resume
their old. This would necessitate the canceling of
their old bonds and the issuance of new ones, the
whole operation taking about months time. The
only difference between the two operations being that
in taking out registered) bonds the banks would
get different numbers, which would make quite diff
ference in time to when the bonds called. Bar
ring this difference, the banks could cancel the old
bonds have new ones issued therefor, and stand
acty where they did before they commenced to con-
tract. The same indications point to probability
that the aforementioned course will be pursued but
we do not know this positively.
Money loaned late to-day at 132 per cent plus inter-
est: average loans, 5 and per cent.