National Republican., 1883-03-21
THE MARKETS.
Business in Wall Street Almost Paralyzed by
the High Price Of Money.
A Slight Deciine--sSIes Made for Cash to
Avoid Interest.
GOSSIP OF THE DAY,
c..es,y nfsn0geb


New YoRK, Mar. 20.--BrolSers report that
the stock market depends upon the future
course of money; that while conservative
traders feel that stocks must advance and
there is not much bear feeling existing in the
street, still they don't care to domuch so long
rs they cannot see the financial market clear
for twenty four hours at time The chronic
Windsor bears make great deal of capital
out of the California drought but the bulls
argue that this should be bull argument for
everything east Of the Rocky mountains.
Willard and his friends are at thefbottom of
the Northern Pacific DEAL and the talk is go
for common and par for the preferred. Viii
lard tells his people that the common ought
TO sell at as now and he believes that Oregon
Transcontinental will sell at 160 this summer.
Keene has been selling q batch of calls on
Northern Pacific preferred at 80, two weeks
for $3.50 per hundred shares. Tho cause as
signed for advance in Manitoba is the prom
ised payment of 40 per cent. dividend to tho
stockholders in bonds The lease of the Wa
bash Pacific road TO the Iron Mountain is
fully decided upon although not yet formally
announced.
Brokers report that the market opened
tiult anu uull WIN uhiy ipVih
There is large crowd in loans, and renewals
are at 10 to 12 per cent.
There is some pressure to sell Western
Union for cash to avoid tho due bills for the
dividend. Indications point to stiff money
market, and ID per cent has been bid for
100000 mixed collaterals.
A Washington telegram says nobody around
the Treasury department knows where Folger
is but they all think he is down at Hampton
roads on board the revenue cutter Ewing
The treasury expenses are pretty large this
month on account of the appropriations. No
call will be made till Folger's return.
Exchange is weak, and the supply is moro
than ample.
The First National bank reports money
looking easier.
The stock market chill ID like the weather,
and little is doing except in st. Paul, Union
Pacific, Northern Pacific, and Delaware and
Lackawana, but prices hold WELL
REVIEW.
Stocks, in sympathy with the weather,
opened chill but with no desire to sell at the
fractional reaction from yesterdays closing.
The continued strin gency of money discour-
aged the bulls and overpowered the general
market.
Rates for money were successfully 13, IA,
and 15 per cent, and stocks loaned on re-
newals at 10 to 12 per cent. The call at 2
o'clock was 10 to IS.
Altogether the trading was the smallest Of
any this year. At half past money lent at
1s per cent, and quotations of stocks were
nominal at the lowest figures of the day. The
decline was however, less than 1 per cent,
on the average.
Stocks held prices pretty we'll up to noon,
but there was very little done.
Exchange was weak and lower on small
dealings.
On the second call the tendency was down.
ward, but business was almostnil. The small
houses sold stocks for cash to avoid high rates
for money.
LONDON, Mar. 20.-United States s. rose
st. Paul rose ] Illinois t, and Pennsylvania
Central 1.
LONDON, Mar. 2o-4;3O p, rn.-American
securities steady.
PARIS Mar. 20.-Rentes easier.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman g. Co., bankers
No 14l1 + street northwest: ....