New-York tribune., 1879-06-06
change, the market being dull but firm at the fol

The Governors of the Bank of England at the
weekly meeting to-day, made no change in the rate
for discounts, il remaining at 2 per cent against
1osd % per cent, the outside rate. During the
week the bank lost f76, 900 bullion on balance, ana
the proportion of reserve to liabilities is now oIl6
per cent against 80 per cent week ago Bar silVer
yielded TO - l2d per ounce, English standarn. Az
the Stock Exchange, consols advanced to S7nl6 Tor
money and to 97$ for account. United STATES
bonds were irregular, new 6s and 4l2s being - ana
Il per cent higher respectively while the a. Declined
to 1O47s0 1915. American railway securities gen.
orally were dull and steady, Erie second consois
however recovering to "a a and Illinois Central to
SS12 In Paris, rentes opened up TO 1860 irancs
and declined TO 1915 francs sight exchange on
London going at 25.10 francs TO the 4. i he BANK
of France reports gain for the week OF 3,2OO,OOO
francs. ,
The Philadelphia Ledger of yesterday contained
the following two important items:
We have inquired about the rumors of negotla-
tions by the Lshigh Coal and Navigation Company.
and learn that they have sold S75O'OOo Of their
Philadelph a, New-York and Boston bankers, and
have with the proceeds retired one half OF Their
floating debt. 1t IS expected that sales VIII
be made of such further amount rs viii provide
means 10 retire the remainder of their temporary
loans The improved financial condition Of the
company, and the favorable results of their bnsl-
ness so far this year compared with last year,
have induced large purchases OF their stock. sonle
OF which are reported 10 be for Ncv-York account.
"The Philadelphia and Reading Railroad Com
pany will pay lis employees their Apnl and May
wages Ia wages certificates, bearing per cent iu-
tereSt, payable III cash III October and November,
interest on account of freight and TOLLS any dcbt
due the company. The total amount of the proposed
new .sue Will Dr 100000 OF less than half OF all
the prev Ous ISSUES, when together amounted to
Sl,j71 ,20D and Of which 81 ,JO3,290 has been al
ready paid, leaving outstanding of all former
issues bnt 567. go. The June and July payments
for interest and rentals of the PhliadC pnla aud
Reading Railroad Company and the Phlladciphd
and Reading Coal aud ircn Company amount III tho
aggregate 70 81 104 732 20. Ine gross receip;s oi
the two companies Ior june and July arc expected
to be considerably over four and half millions
of dollars, and with the relief afforded hy the pro-
posed issue of wages certificates the July payments
1Or interest and rentals Will be met without any di-
fculty."
The last item is hardly consistent with the pre-
vious reports that the Reading Company was well
up IN the payment OF lts OpcraIpTs.
The following is Treasury memorandum OF
financial operations Of the Government, showing
changes in public debt annual interest charge, etc.
ipTepdred In answer to numerous inquiries
REDUCTION OF RTEgEsr-BEAI,ISG DEBT
Tot9l interesi-bosrIng debt highes; point 80 ~
August 81. lSGl...--.. S23ol 33o294
Total int teres caring debt when present
pietei IAusrst J. is79l............-.. l797ei3,7OO
hisnes point. s583,ss65oi
81. IsS'.. , -. sI5os7IG37
m opersficns are colnpieed aug is3g ss77s77s
Reduction in annual interest charge .. s67.2OJ9ls
REDUCTION OF TOTAL DEBT.
Debt. less cash in the Treasury, highest point, -,
Deb less ash in Treasury June l. &627 s2ios
Tedus,,on Of total debt .............. s72o24GIol
RsdGctlou Of debt sncr March ls77...- 6i,5so074
mn 1 1877.