National Republican. (Washington City (D.C.)) 1872-1888, 1875-02-04

The funding loan securities-S65 bonds-ars
selling in small lots to parties In the city. No
large orders from abroad. They are quoted to-
day at 6s1x96sA, ex-Interest, which would be
equal to 70 If the coupon were not detached
The sinking fund commissioners convert certia-
Gates Of Indebtedness into 3-o5 bonds every Mon
day, Wednesday and Friday. The issuance to-
day was confined mostly to holders of small
claims. To them the bonds have become quite
attractive. The interest bait was ''toO many for
them" they had to succumb and swallow It. If
Hodnett's little band and others had accepted
these they might have realized profits by taking
advantage OF the situation and selling out during
the advances and demand, which We recorded
early last week, and buying up again during the
fall of Saturday and the early part Of this week.
But testing aside, there seems % be a great dis
position to convert and $50 bonds have been taken
In exchange for certificates so rapidly that the
commissioners have run out. Messrs. Sherman s.
Co., who have large number OF SOS on hand, are
accommodating the creditors, and where the GER
tificate calls Tor less than the face Of the bond
they pay the difference in cash the basis Of the
market value Of the bonds.
The crowd at the Treasury was not 50 large as
yesterday, owing to the weather, but twas SUM-
GENTLY magnificent in its proportions II not in its
holders among US. Early in the morning they
wendell their way 10 the repository Of national
wealth, equipped with the necessary bond with
coupon attached which entities them to rank
among the bloRted bOndhOlders and interest
seekers, and demanded all that was demandable,
and INDUCED in the same clishmaclsVers of yes
terday until the doors were again closed. Their
occupation was gOne-not like OthellO's, but for
the time being. At the present rate It will take
about week TO finish up the payment.
In Baltimore $50 was bid to-day for Virginia
6's, consolidated, being held at about So.
We received private dispatch from New York
this afternoon saying that stocks opened active
but as Spectators were occupied in buying gold
they did not sell readily in the afternoon, and
were of one per cent. throughout the list. Those
upon which dividends and interest have been paid
promptly stood pretty we'll, and in the morning
were higher by per cent. Governments were
nd INSTANCES Sc hfUhar han
but If the precious metal should reach the figures
of 49, as has been predicted by some, (Who, how
ever are S sy ~ Va as mentally sT
that Governments will be able to keep time TO
such lengthy strides.
The EveAfng Post got IN" its article little
later to-day, and gives some valuable Information
explanatory Of the advance Of gold, which has
been the subject of so much comment the past
week; II says; I'M Tthe news Wnien forms me pivot
comes from LonQon. Including the large amount
withdrawn today from the Bank Of England, it
has lost since Monday morning E., COS, 900. The
effect on this market was to advance gold to lis,
and to stifen the rate for demand sterling, which
Is now 4S91SG490. For the same reason sixty-day
bills have been comparatively weak at 4s3Q4s51I.
On gold loans the rates have been fiat and Ia
~ Uer cent. for carrying. The money market
continues easy, with call loans 2119T per cent,
and with prime mercantile paper 495 per cent.
Government BONDS are Hg2s per cent. higher
than yesterday, the largest advance having been
in the new SIS. State bonds at the first board
were strong for Missouris and Tennessees, to
which dealings were confined. The stock market
Is lower than yesterday; at the opening prices
were irregular, but with changes slight, and BY
noon there had been decliae Of ss9lA per cent
supply at 262H per cent. Exchange firm at 4STs
Gold active and excited; advanced to 1143s8l14N.
Rates for carrying, l to ~ per cent. Govern
strong. Stocks closed active and weak. The
quotations are as follows: