New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-03
". 7. MINING STOCK EXCHANGE SALES
THIRD CAII-2:}O r. NJ
TUESDAY. Dec. 2-P. NJ.

The statement of the assets and liabilities of the
United States Treasury as of December l, which is
printed below shows some interesting changes from
the statement of November l. The amount Of the
certificates OF deposit Clearing House certifcates
less the amount redeemed, was reduced S661O,OOO
leaving the amount actually outstanding at
S13 $50 900. which sum is probably less than ut
any previous date since the first issue under the
law of 1872. The five per cent redemption
fund of National bank notes was increased
only S149is, while the increased circulation of
National bank notes, go. 1874 800, as reported by
the Controller of the Currency calls for increase
of S14I22S. Called bonds and interest were re-
duced S49i92S9, leaving the amount still out
standing at SIS, ,2l7, but the deposits in
National banks reduced only 81, O21.53S still
remaining at $11 1855, 052. The actual amount OF
outstanding gold certificates reduced 81 192, 40
from $143S7, 800 to $13, 1875, 400, and the actual
amount of outstanding silver certificates was in
creased 1891 1851 from 81 ,640.371 to $1,S94.722.
The gold coin and bullion in the
Treasury were reduced from SI71 ,517,713 to
S16O.443. 1876: decrease $11,O74.277; silver
dollars were increased from $50, 800 ,654 to
$50, $50 436, fractional silver coin from
ST.. 100, 0s6 to $1s.f32.47s, and silver bullion
from 537 224 to 81 1913 O97; total of silver coin
and bullion: November $53,415.s44; December.
$40, 594, 1872; increase, 81 IFS, $685. The currency
IN the Treasury during the month reduced as
follows Lega-tender notes from $37, 522587 to
900 973 400 National bank notes from $3. 65s, 271
10 81 POS, 277: total reduction, 1898, 1O7 The
total amount of currency, including National bank
notes held December amounted to S33. ls1, 1877.
while the Treasury currency liabilities TO trust
funds" certificates of deposit fund for re-
demption of notes of failed and lquidating banks.
etc." and the five per cent redemption fund.-
amounted to S429S3.624.
After the first hour of business to-day the stock
market little moro than a brokers' market.
although the total transactions amounted to 350S17
shares. against 453,0OO yesterday. At the begin
ming of business there great pressure to sell
prices from y to per cent below last nights last
figures, after which there was a sharp rally and
then an unsettled and fuctuating market TOR the
remainder OF tue day. which at the close lett the
lich in only few instances amounted TO as much
rs percent Erie opened al 81 against 80 4 last
night Michigan Central at 93d OF against o. North
west at 81 against S7l2. st. Paul at 6996s12
against 09os Delaware. LackawaDna and Western
at S0a4 against S14, Canada Southern at 72ia
against IA, st. LOUIS and San Francisco at 80
against 40, preferred stock at 40 against 46i2 and
first preferred at GO against So Northern Pacific
preferred at % against 3D. and the other stocks at
only smaller declines. Afterward Erie sold up To
39ss Michigan Central to 04ls Northwest TO 1854.
st. Paul 70 70l2, Delaware, Lackawanna and West
crn to 1888, st. Louis and san Francisco 10 413i,
and the others in proportion.
there was noteworthy transaction In Western
Union stock one broker selling $4,000 shares,
-one buying 10000 and the other 5000 shares
at 1906 Immediately after this transaction the
price advanced to 1O7l2 and closed at 107is.
The explanation given of tie large transac-
ton is that extensive spcculator took that
method of transferring his account from office
to another The strength of this stock in the face
of an early, important and powerful opposition IL
remarkable. The American Union Company is
acquiring lines at the West rs we'll constructing
lines at TIE East Recently il purchased about
1000 miles of line that had been operated by the
Western Union Company under lease. and it is
already repairing this property, and intends TO make
AT the close the coal stocks were about the
strongest of the lisr. Much effort is put forth to
make lie coal trade appear to be all that il IS Not
circular prices for coal by all the companies ex-
| ceptlug the Pennsylvania, il Is admtted-yery re-
uctantly, howevcr-by coal men that the November
| schedules were not maintained, and that prices
are SHADED" because the trade has dropped
| oil and is rather dull.p Speculation as 10
| what are the results of the large output
| of coal this year at prices WELDING more
| than 81 per ton less than the average Of 1878
must he set at rest by tue annual ports the
companies. The public will then be better able 10
judge OF the future of the coal companies than now.
because II is known that il was the low price
which made a market at the West for so large n
proportion Of this years production of coal, ana
that except ut low prices that market for anthra-
| cite cannot exist.
| The market presents no new features, the
bulls aud bears being about equally divided.
This fact is likely to cause the market TO uctuate
| violently for some time. The closing rally to-day
| seemed TO Ibe because Of the covering OF
| perhaps. did not care 20 20 homo short" at the
morning figures. The final changes from the prices
of yes erdaytre follows: Advanccs--Michgan Cen
trail ls ST Paul. Il; Chicago stPaul and Mnncapo-
| lis, and Iron Mountain each %; ST. Paul preferred.
| Missouri. Kansas and Texas, Morris aud Essex,
New-York Elevated. Erie. Atlantic and Pacific Iee-
graph, Western Union, and Wells. Fargo & Co.. each
| L.: Hannibal and 81. Joseph. d; Delaware and
| hudson. 70 Lake Shore. 1; Northwest and st:
Louis and san FRANCISCO. each Ia; Hannibal aud
| and Western and ST. Louis and Fan Francisco pre-
| ferrcd each q New-Jersey Central, 2cs; and Bur
| lIDgtoh, Cedar Rapids and Northern, y
| per cent. Declines-Northern Pacific pre-
| ierred and American District Telegraph, each
u; c.. G. and l. c., u; Alton and Terrc Haute,
Chcsapeake and Ohie chicago aud Alton, Tleye-