New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-04-02
SECOND BOARD r. M-Continnnd
THIRD CALI, -2:30 O'CLOCK p. "
Tuesday. Anil In N

Tie public debt statement issued to-day shows
that during the month of March the amount of the
funded debt was reduced SS,1s0,5OO by the pay
nent of $50, $50. 800 @ per cent bonds and the
issue of $42, 100000 new per cents Therefore,
so far as the statement goes, IT appears that in
March the Treasury paid for the old os
faster than it received payment for tho
new 4s But the most remarkable feature Of
the statement is the reduction shown in the
amount of outstanding certificates OF deposit,
which were reduced from SAG, 100000 on March
to $27 $50 900 at this date. 1t is understood that
these certificates of deposit represent legatenders
that are simply deposited in the Treasury for safe
keeping the certificates being counted By the banks
"A legal-tenders, and used III setti.nents OF ex-
changes through the clearing houses Therefore IL
seems that the banks of the large critics
have found II necessary to surrender $751;
400 600 Of these certificates either ~ payment OF
per cents or in exchange for lega-tenders
with which to meet an outside demand The loss
of IS. $50. 900 legal-tenders between March and
March % by the banks of New-York accounts for
40 much of the reduced amount OF certificates OF de-
posIt The amount of outstanding com certificates
was reduced only $f5G,450. the total debt, less
cash IN the Treasury, increased Ts92,I24,
IesseninQ thc amount Of reduction since June so
1873, to -, 6s6,576.
The stock market to-day again opened excited,
and a general advance in prices followed, IN which
the coal stocks were the most conspicuous. After
that the market was either dull tcvcrlsh for tho
remainder of the day, and finally ended with the
majority Of prices lower than al the close OF yester-
day. The total recorded transactions amounted 10
145, s32 shares, against l75,OG9 SHARES yesterday
and 2lG.60O shares on SATURDAY. Inc North
western and St. Paul stocks continued 10 command
l1to fI.-Fr leV Us
lions they closed fraction lower than they
did yesterday, except Northwest preferred which
shows 81 per cent gam. Rock Island was 2 pei
cent higher, but Chicago, Burlington and Quincy
was ID lower. The trunk line shares were inactive
and all lower, Michigan Central losing per cent
in final sales at s5l2. Wabash was steady at 2OA2.
The dispatch in to-day's papers announcing that
the Fountain Court Of Indiana had refused the
application for a receiver OF TIE WABASH
Road and dismissed the suit is denied by
those interested, who assert that the court
10 not in session, and that the hearing on tae
netirion ONLY comes up on Tuesday, April >:
On Monday yesterday another suit was instituted
against the company in the Brown Circuit Court OK
Illinois i'll behalf of holders OF the quincy ana 10
ledo first mortgage bonds The petitioners III thLs
suit ask that pending the litigation the court en-.
force the mortgage trust by placing IN the hands OF
trustee or receiver SO mucn Oh tue oGLa a. h M
extending from Clayton to the west sloe OF tne I'M
nos River as will secure the petitioners claiin.
The bill also attacks the legality OF the consonda-
ton. 49,, - ~.
To-day's movement in the coal stocks was the
subject of general comment, nevertheless IL was
sufficiently energetic TO brighten most OF the bears
into closing up their contracts If for no other rea-
son than That they could see no reason why any one
should buy coal stocks, whatever they might 90 ia
other stocks. Delaware, Lackawanna and Western
opened AZ dyanced to 4sis and closed at 4Sn2
Central of New-Jersey at 3s14 a39. Western Union
was strong in the morning at 1067sG 1074, and
weak in later dealings at 1868 The low-pree
stocks generally were q shade lower, on inslgnibcans
amounts of dealings. ~,
As an excuse for the late weakness Of prices, the
stringency of the money market was made TO DO
duty.
RANCH " THE