New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-29

aboys MS. 24eeseoo si7sl,soO Inc. s5iS,soo
s market for Government bonds was strong during
A. ee rejecting the desire OF investors to purchase
= ,n hest class Of securities. State bonds were mac
- h,t the movements foot 20 readiust the debts OF
.,aral Southern States has tended 10 strengthen
- IN railroad bonds, the dealings while wen dis
i.,ed were not large important Prices are gencr
~ h,rhsr with however. notable exceptions IN the st.
James and those OF Jersey Central Some time since
.Aol.,ter company authorized an issue OF s5OooOOo
ID secured by what termed a blanket mort
49,. coyering all its real property heretofore mort
80 and that which not. This Issue was IN
,aed 10 relieve the company from its floating
Ar, and al present embarrassments To what extent
- bond. have been hvpothecated or used is not known
Sue information is refused, but that they did not ae-
,sh the purpose is patent because Later authority
Us gtvcn 10 issue what seems likely to prove
rAip.-.heet mortgage" bond, or ten year ccrtih
,s ~ indebtedness" secured by pledge Of Lehgh and
wuresbarre Coal COmpauy's bonds at 60 the nominal
i. then being abOut o.. These bonds are now quoted
s,a5s The new Board OF Directors of the Wabash
pHwav Company has issued ts scheme for funding the
,ons on the mortgage bonds on their road follows
o the frs; mortgages Toledo and Illinois. Lake Erie,
WABASH and Il Louis Great Western lln0s ana 9Ou'll
s Iowa four coupons to aug. ], 1876: on nfsi mort
gce Decatur ana East ST Louis i've coupons 10 cO l.
Isl Old Quincy and Toledo hrs: mortgage. -FOUR Col
nos 10 November. 1876, and the one of November,
iST7 the coupon due May, 1877. TO be- paid in AUGUST
~: on ne second mortsages, Toledo ana WABASH,
aud western, anu ttfcat Nestfh pfefiSttg tc
ss,ne terms as on the Quincy and Toledo hfsts, just
sb-ve mentioned Toledo. Wabash and western con
soi mort rlp bonds. quarterly coupon 10 ne pMa
Ipr | ST aud all others funded. 70 ana mcindlng
Ang ISIS Scrip certificates bearing per cent per
anuum are gAeeu for the coupons funded
We have gwen so full daily reports Of the stock specu-
I,tion during The week, THAI brief review OF ne
market simply a reminder, will sufice. The opening
WIS made with dash. Western Union being the favor
re and selling up to rs followed by Lake Shore 20 % g
Michigan Central TO jOsl Rock Island 1925 North
Western S-la preferred js9s 81 Paul. 1914 preferred.
Aolo. Union Pacific 65li; Erie. 1919; and Pacific Mail,
95s These prices mace either on the ntst or
sc'ld d.y OF lie week, from which time there was
se9dy DECLINE closing with only tring reacilon rom
tbe lowe sales Central and Hudson. and Illinois Central
rsde hut a fractional gain before declining 2i and per
cent The GOA weak. first on the anticipated
Low rtS 10 realized for coal nj the auction sales ana
afierward weaker upon the fact Prices were aiso
afefcd belief that more shan two Of the great con"
paus are in desperate straits In case one or more o.!
fbcm should pas the hands of receiver II Is easily
seen bow seriously n would affect the other compces
There would exist the competition 10 the coal rade
from BANKRUPT company with which the ILLINOIS Cen
tral and hneland railways have had 70 contend IRON
the bankrupt RAILWAYS Of Il nuis. or the espresso =
dam, made gain of -. Dcr cent. whle lhtCn lures
II down 80 the others remaining steady Inc following
table shows the