National Republican., 1883-04-09

sented, and IL is probable that these will come
in slowly The interest payment due May 1
amounts to $2,697 1853, and that, with the
ordinary current disbursements, and what
ever may be drawn out through the redemp
tion Of bonds already called, must limit the
supplies, while the payments out of the mar
ket into the treasury seem 10 continue very
free.
According to kilograms from Washington
to tho associated press, the tardy presentation
of called bonds is interpreted there as mean
ing that tho stringency in money here was
artificial, not real This view is not war
Tanted. Undoubtedly, those who hold the
bonds are. not distressed for money they
bought them for investment and are satisfied
to keep them so long as they draw interest,
and 'would not loan out tho money, but
simply reinvest IL if they had it; SO to them
the high rates are no temptation. Beside,
any banker or broker who holds these bonds
can at any time borrow at the lowest current
rate the full amount of their face value for
use on the street, which, as the bonds are not
paid without rebate, and therefore carry in
terest, often makes the better return, es-
pecially when the delay aud loss of time
occupied In sending them to Washington is
taken into consideration"
The influences Of the week have all been in
favor of an improved stock market, and
these influences have been responded TO by
increased activity and strength. On Monday
money was active, and the movement in stocks
was, in consequence, retarded but on Tues
day speculation, taking advantage Of con-
siderable shortage in Chicago and North
western common, prices were advanced. This
fact served to alarm, in measure, spectators
who had staked themselves on other
stocks, and, as q consequence, they hurried
to cover their short contracts, and this,
of course, caused an improvement in nearly
the entire list. Wednesday was passed under,
and the market ruled by the conditions just
recited. Thursday and Friday witnessed .
buoyant market which continued up to and
including Saturday. On the latter day
the market while saggy in spots, was, in
general a healthy one; and the tenor of the
days work was such as to induce confidence
in rising prices for Monday. IL was intimated
last week that q plan was in contemplation by
the various opposition telegraph companies
whereby an aggressive consolidation against
the Western Union could be obtained. In
formation this week simply confirms and
strengthens tho belief that the time is near
at hand when formidable opposition will
confront the Western Union either as a COM
petitor for public patronage or as rival for
tho privilege of selling out TO the government.
The aggressive policy pursued by the Bankers
and Merchants, the Southern and the Postal
telegraph companies has not been without its
effects as is evidenced in the fact of az per
cent. stock dragging sluggishly behind the
market during an active week. Unless some
extraordinary adverse circumstances occur
there Is every reason to look for an active,
strong, and buying market.
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 q Co., bankers,
No. 1411 L street northwest: