National Republican., 1883-03-26

checked and certain borrowers embarrassed |
by tight money during the past six days; but
this will hardly prove a permanent obstacle.
The anticipated payment on Monday, with
out rebate, of the April interest by the treas
ury department will doubtless be potential in
easing money. The April interest amounts
$780, 1880, the prepayment of which will
probably set more money in circulation than
would follow the anticipation of the maturity
of the bond call.
The flow of money from abroad has been
large, their having arrived up TO to-day, Sat
urday, $3,16S,79O in gold from Europe, two
thirds of which became available on arrival
1t being in American coin. From California
$500, 900 has already arrived with more ex-
pected. The high rate which has been main
tanned during the week is attracting money
to the metropolis from various centers, and
it seems probable that high water mark has
been touched and that funds will decline to
normal rates.
While there has undoubtedly been manip-
ulation in money by stock brokers, it is more
probable that such manipulation was an Incl
dent of the stringency, than that it was the
cause thereof.
Monday witnessed an attempt to advance
foreign exchange rates on the part of one
drawer of bills; but a limited demand and ac-
tive money were prime factors, not only in
defeating the attempt but in eventually bring
ing sterling and francs to the lowest point of
the year. Merchants are not inqurers, the
demand being principally to cover gold i'm.
portatons. Bankers agree that the condition
of trade warrants low exchange, although the
February figures will probably show balance
of less than S10,000,000in our favor With tho
decrease in prices of breadstufls and provisions
ana the increasing export thereof to foreign
ports, the March balance should make good
showing.
| There arrived $4,000 in gold at the Bank
of America during the week for tho account
of the associated banks. OF the amount the
bank paid out $625,OoO for the use of city
banks.
The stock market has been beared by the
condition of money. But Notwithstanding
this fact and the fierce raids made upon it,
has under the circumstances, been held pretty
firm. Tho North Pachcs loomed up on
Wednesday and Thursday, and on the morn
ing of the last mentioned day the general list
strengthened on reports of easier money and
relief from Washington. Later in the day,
however, unfavorable advices from that city,
added to active money, caused the market to
sag off Friday was a holiday.
On Saturday the market opened up limp
and spongy, and the day was characterized
by general dullness, interrupted at intervals
by occasional hammering raids by the BEARS
The bank statement, although much better
| haH Tod "a lnd tn fnr r.
into the stock market.
The big bulls who have been holding the
market up under the adverse circumstances
of the past week feel confident that with a
reaction in money will come outside support.
They point TO the increase in railway earn
ings, large surplus of old crops yet to be mar
keted, the favorable outlook for winter grain
and the improving business prospects as inhu.
! ences likely to justify that confidence.
Trade in American securities between New
Nork and London has been very dull.
The bank of England rate of discount re-
mains unchanged at 3 per cent. The bank
lost $4,000 bullion during the week, and on
Thursday recovered G17,000.
The Bank of France exhibits an increase Of
2,4OO,0 900 francs gold and decrease of $685.
'oo sii'er iianoS' iNY aES'is olyce reports lne
payment through the SUB treasury Of $13s,O94
for domestic, and $975,966 for foreign bullion
Wednesdays consignment of $2l5, 600 was paid
for ON Friday.
| STOCKS.
Tho 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 & Co., bankers,
No. 1411 + street northwest: