National Republican., 1883-03-26
THE MARKETS.
Dullness Sill Reigns in Wall Street-SOme
Hope Of an Early Improvement,
Favorable Reports OF Railway Earnings
drought i'm California
GENERAL GOSSIP.
cnfcinI Disndtch,

NEW YORK, Mar 24.-The main subject Of
discussion up town yesterday by brokers and
traders in stocks was the present condition
and probable immediate course of money.
Those who were inclined to take the most
cheerful and broadest view thought that after
to-day funds would probably fall again to
comfortable rates, and that the anticipation
ON Monday of the $7,0OO000 of April interest
could tend to terminate the stringency. 1t
was also thought that the reduced trading
and the liquidation which has been going on
for some time past would cause q lessened de-
mand for money 1t is reported that brokers
paid as high as per cent. and interest after
the board ON Thursday, and some parties did
not get what was required to make up their
bank accounts.
The main cause of the sudden demand was
partly attributed to brokers not having pro-
vided themselves with loans earlier
Sage has a lot of money to lend, and &C
cordingly sent in his brokers and bid up the
rates to 25 per cent. Sage is furious bull on
money, and tells everybody that very stif
rates will prevail during the rest of the
month and the fore part Of April.
The Washington advices say that all tho
treasury will attempt to do up to the close of
the fiscal year in juno will be to meet the
regular current demands. About $10,0O0,000
of old called bonds still remain outstanding,
having never been presented for payment.
A rumor was extensively circulated yester-
day of large defalcation in down town
insurance company, and of considerable
discrepancy in a savings bank up town.
The decline in Central Pacific late on Thurs
dnv aftarnoon WINS p1ainn nd N hnvp hnpu nro.
duced by the sale of lot of long stock, for
which bear house had been employed rs the
seller for the purpose of inducing belief
that the same had been put out for short ac-
count. The bears declare the main buying
earlier in the day was almost exclusively
from the room traders and shorts.
Enforcement Engineer Sckels of the
Union Pacific road says that the Denver and
Western extension will be finished TO Salt
Lake City by April 1 and to Ogden by May
], and that it is already paying running ex-
penses.
The Lake Shore and Michigan Central di-
rectors meet next Tuesday.
The Lake Shore quarterly report, it is said,
will show over "a net, but it is not given out
what the Michigan figures will be.
The Lackawanna directors meet on Friday
next for the regular dividend declaration.
Cammack and Howell Osborn left for
Savannah Thursday night, and will go to
Florida for few weeks.
Cammack said that he had covered 10000
shares Of various shorts on Thursday.
The market opened dull but not many
stocks were pressed for SALE
Van Emburgh established the loaning rates
for stocks at 10 to IL, for New York Central
and Reading at 0.
Sterling exchange IS unchanged.
London cables this afternoon report Amer
lean stosks stronger.
The room traders and bears have been SELL
ing Michigan Central on the theory. that the
dividend will not be declared next week, but
may be postponed until the ,seIniannual
meeting. ""' '' E'
The Central Pacific has been sold again on
account Of drought in California.
The St. Paul earnings for the third week
increased $135,000 or 3s per cent, and the
Northern Pacific increased S64,s50.
1t is stated on very good authority that the
Nickel Plato road has given the Delaware,
Lackawanna, and Western railway notice
that it will receive no more freight from it.
London cablegram, timed o'clock p M.
to-day says there is inquiry for gold for
America.
A private Washington dispatch says it is
believed in treasury circles that the secretary
will anticipate the May call
Lackawanna officials deny the report that
the Nickel Plate has thrown them over
dispatch says that the attorney general
has begun the investigation of the question
whether banks are required to pay tax upon
circulation under the new law after Jan. L.
Another Washington special says Folger is
so i'll that his physicians forbid him attend,
ing to any business for two or three weeks
and advise sea voyage. The business of the
office is left with French, who says he is
wholly opposed to anticipating the May CALL
WEEKLY BANK STATEMENT.
Loans decrease. ..,...,....... ......... 1872 9O(