New-York tribune., 1874-01-03
of the apparent necessities Of the Government for

Of the apparent necessities Of the Government for
expansion, and the large amount OF money coming
ont in the form of interest and dividends during the
present month which will seek investment. The
United States Government will pay out in the form
Of interest for January, S2s,069,5: bank dividends
already announced, S2,5Sl,425; trust companies
100000 miscellaneous companies, express, coal
&c. S726,OO railroads. Sl4,ii5,955 State and city
debts $500, ,433 savings banks, about Si50O0OO
ttal SJ4 235 7s8 While the interest due to deposit
tors in savings institutions will not generally be with
drawn by the depostors. it VIII get into circulation
by the necessity for investment on the part OF the
hanks themselves. OF course there are many diyi-
dends and much interest, not publicly announced,
which will be paid during the month. and which
will swell the grand sum to be disbursed. Under
this state of affairs the bulls of the Stock Exchange
have been in q jubilant frame of mind all day. A
leading feature of the day was the collection OF
various dividends and interest and such offices as
were paying out money in this way, notably
Messrs Fisk q Hatch and Norton Bliss < Co., who
were dsbursng the interest due 10 the
bondholders of the Pacific roads, and Sessrs Wins
low, Lanier g. Co., who are paying the coupons for
large number of companies, were thronged' but
the Stock Exchange presented the main feature Of
attraction, the buying movement having peeh very
liberal from tho start. From steadiness at the
ancy, was but the work of a few minutes, and the
general market, as one stock after another came TO
the surface, became rampant. And indeed IL
seemed at times as though there were not
enough stocks to "go around" It remains to be
seen whether the January rise has become fairly IN
augurated for it was not really expected by the DO
vine gentry until at least the 18th of January New
York Central became a prominent feature.
and before nighfall had passed the point OF par per
cent much to the discontinue of an honorable ex-A.
c.. we suppose, who was understood TO have backed
il for rise TO par before the close of the year 1913
to the extent Of call fifty thousand There are
said to be grave uncertainties about the payment
of the Lake Shore dividend in February,
but tho stock took round turn up
TO 79} despite these doubts. There was
very large movement in Northwestern Common up
to 5S3 on the favorable financial showing of the COM
pany and its largely increased earnings and this
in connection with its reduced expenses has gwen
it a favorable place on the list. st. Paul common
took a sudden jump of over two points to a. closely
followed by rally i'll Union Pacific to %. Western
Union Telegraph held the advance at 7is. c. Z. and
l. c.. whose has been upward since IT reached
bottom during the worst of the panic, selling up
above 2s, Pacific Mail to 20, and Alton aud Iere
Haute preferred to 81. The investment stocks were
in demand, Harlem at 120. Panama at 112, Chicago
and Alton at 100, and Pittsburgh at S6 The general
market closed buoyant. The opening highest, low
l,I.s S+n l-sy yrppa n