, 1879-02-19

SIX to SIX for consolidated flrsts aseontct,
from s1s1 tn 81 for convcrtiblcs asaontcd, fru,n
0a9l to o9eS for adjustment, from B5 to 70 for
Lchfeh 4 filkcsbnrre consolidated, antl fran
AK to b3s< for Ito nssentcd. Ohio II M[ssissfp-
pl seconds advanced ~ per cent, to o5s(, and
closed ut 05. Columbus, Chicago & Indiana
Central grsts rose ~ pcr cent; do seconds ~:
Union Pacific sinking funds ~; Lake Shore
consolidated coupon flrsts az; Chicago Il
Northwest consolidated, mud rIttsburg fourihs,
0, a!ii Hannibal q St. Joscph convertible ~
per cent. The improvement In tho Ksnsas Pm
clgc bonds varied from 4 to per cent. Mis-.
souri,, Kansas & Texas idsucs advanced sharply
cur'y In the week. but closed at sono reaction
from the highest point. Toledo te Wnbast
consolidated convertlblcs declined 4 per cent;
md st. Louis Division an.l seconds t6@2 per
cent; but tho two last named recovered 11SGQl
per cent IN tho tanal dealings.
wlto DuYs THE Foun Pen CENT BoNDs7
Nfto }ork JaHrnat.
Everybody seems surprised to think TINT tho
per cent bonds arc sold as the rntc Of $140,-
000, 600 month. They thfnk Il an eyldcnce
tlat tue credit Of tho country Is good, that
money Is plentiful, md TINT times will be bet.
ter. But who is 1t Tint Is putting their money
into tllcsu bondsa "a 1t tile bankers md money
lenders, do you thinka Not so. They arc ths
go-bctwccns, tho stool-rlgeons used to cntrap
the contlding public. No banker is Eotug 10 nut
mich money III 1 per cent hon,ls. They viii
huy them for other people, wilt atlyanco
money for TINT pulrposc,, mid hold these
bonds Us security. The bankcrs ia Nall
my one who desires to purchase bonds proyld-
Ing .e party Is responsible for any depreciation,
IN the raluc Of the bnnds. The object In doing
this IA 10 induce everybody to purchase tllese4
tt
The bankrrs know well enough tint j,ist ns soon
ns business becomes ncttye money will b. worth
more tlIan twice 1 uer cent per anuun. 1t WILL
not be many mouths after n renewal Of business
thc price Of Government bonds. sien arc not
going to lock up money In i pcr cent bonds
when they can realize 2J to 80 per cent By invest.
Ing Il III rcai estate or III other enterprises.
easy to get it out, nnl fur this reason the bank
crs will soon bc ablo to buy these 3 and 4 per
cent securities at prices tint will bring fair Ill
tcrest on their Investment.
WHIT THEY ARE BOUGHT
Tile New York Public gives the following ex-
planatton Of the rush tor Investment, wlllch has
been remarked In the anle Of stocks md bonds:
Tho rush for fnvcstmcnt-w docs # mean.
Evidently, 1t means that Tho people who nvo hcrn
boarding Bpeclc. IN tho hope or tho fear that re.
sumption would fail, l,aye begun 10 seek tor somo
been 1T yina oul of tosest Tor o"s me, d nsre sre
nnxions to MAXI thetr moncy earn romathtng AZ
making ,noney bY selling coin yan,sics from sgnt.
they discover that it pnyp better 10 hoard ponds
thnn 10 hoard gold. Accordingly. they nmy Ioy-
crnncnt bonls mud tho subscriptions Tor thu per-
cent bonds are danbtlcss In part from persons Of
this c!aAs. As they actually hud tho specie hoasd.
cd in banks nr sate.dopos!t companies, os other.
wise, n considerable amount Ut ActttnI cuin flows
into tho Treasury or tue authorized deposltarsos.
The prices OF leading stocks, With ynsiutious
for the day, will 10 tounl in the following tablu: