New-York tribune., 1879-05-22


FNCE TO THE SAILS OF FOUR PER CENT
BONDS AND THE REMAINING SUPPLY.
Referring various circulars Of Aprl 2 o. 3D. and
Hay . wOuld call your attention TO the startling fci that
in thirty days from the date OF the first circular
issued reference the Final sale OF the -Four Per Cents
only thirty millions this date out Of tho Sl2l OOO-
GOO then offered TO the holders Of the called fvelWny ana
TenFory N the meantime the market for them has
vdened ana the demand increased steadily advancing
prices this hkcy 70 continue until every dollar o the
supply is exhausted and the holders Of at least $780,
100000 TcnFortios and Fyo1wenes unsupphed from first
hands will tcn depend for their Four per Cents
resale, iy holders who may be tempted TO sen U9 '
higher prices that may be expected TO prevail when the
amount now hands of the First National Bank and
their b. a.sociatcs is exhausted
since or circular OF the Sth instant $40 600 have been
sold which S5OoOOOO have gone in one LOT 10 London
bankers they bid for double that amount which c0ud
not be epared them at the pucc il is eyifen that tho
London maret viii absorb further large amonns We stated
in our rcu~ OF Ap our belief that London would take
slOO within the present year We are now convinced
that thoy viii $4,000 600 during the next three months
II they caa De lad from this market at any price within their
Ieach and when II Is remcub red that at lOet9 the Aine
can -Four u Cent Consols viii stu pay three and hall per
cent or onoha per than British Consos and also
that Of capital great in London that II is loanns
Mt one per per is obvious that our -Four per
Cent Bonds be considered out OF their reach at h7e
Der cent premium n this market even at higher price
We long ago expressed conviction that when the
United Government should have completed the Issue
Of -Four per Cents the investment mskes OF the world would
compete for their that this prediction re
ceyng ITS t literal veGoaon much sooner oven than
We expected is apparent
1t is no longer questioned that the credit Of the United
States Government fully equal to that Of Great Britain
and it is ginning that there reason why the
one shou pay four cent while the other PAYS
Int three convinced that our Government Wi
rise to the full Of its financial strength and
credit the SsOOOOOOOO o. ves ana sxcs Of 1881 can be
funded into fifty year three Per cent bono ana ue coyc
lion that such may prove be che result is rapidly growing
IN the pubic mind.
1t nut be remembered bonds represent the great
grong country OF TIE woli that resources ana aiily
10 nav are Increasing with tremendous strides mat no taxa
toa in any form touch principal or IN
come that proved integrity and good faith as
Nation through the strain that tested ana3n
Yi-tue and credit that National Banks, savings Banks
Trust Companies Insurance Companies, Estates ana the
vast Accommodations Of the people must have Government
Bonds 81 any price and any income that now that the Gov
ernmont has ceased for time to issue bonds the accumuat
ing and almost idle deposits the Ola world viii 30 greater
extent than before seek safety and certainty Of income
IN OUI \ auOual securities.
Respectfully,
FISK & HATCH.