Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-11-07
MONETARY AND COMMERCIAL,

| IN buainoss circles thoro continues TO DO some
activity in Tho leading branches, and our dry
goods clothing and boot and shoe houses arc
selling quito extensively. Tho election through.
out The State. which occupied so much of popu-
lar attention, resulted contrary to the general
expectation, and decidedly 10 tho di;ctuatlc.
mont of the dcht paying portion Of the commu-
| nifty, and has had delttoriou5 cfTec. outside of
| tho State il Tho depression Of her bonds. With.
| in tho State tho election is knGwn TO have becn
only scramble for Office and should tho re.
sdjus!ors DO in tho msjority in tho Legislature,
they will not be able 10 repesl the McCulloch
| Dill while Tho Governor has tho veto power and
| Is known TO favor tho settlement. When the
smtk, shall have cleared away, AID tho actual
result 10 klowD; when the true status of tho
members OF the Legislature snail have been de
| lined, anil the Capitol Ulcers and u, s, Senator
| 90 CHOSEN, We have 10 idea that any serious Of.
tort will be made to repeal OF thwart tho opera.
LIONS OF Tho presen! plan Of adjustment of the
dobt, and therefore VIC think there has boon an
unnecessary scared an that in very little while
there will bo q reaction. In monetary affairs
horo wa hsVo nothing worthy of special note.
The supply of money is abundant TO meet all
Legitimate wants. and on good collslersls no
trouble s experienced in making loans. The
strsnSency in tho money malk,t in Now York
continues, bu! is not 30 severe, yet in the ma.
l0rlty OF brokers loans commission is still
charged and paid in addition to the per cent.
The baltimore market is quiet, with rates show
ing gradually hardening tendency. The do.
msnd for legitimate business purposes is fair,
AID Erst class commercial pager psssss ut Sag
per Ct. Loans to parties in good credit or on
Ho1o7nmont securities arc obtained at ssne liz.
urcs, but on mixed cosLerals or speculative
transactions the figures rulo la2 pQr cent higher.
Ahcro Is 70 2cstcir Ut funds, aad tho banks arc
notably Gssy in their circumstances comnarod
Win The Temporary tGuecziag in other locsli-
Tics. !!OverInlur'. bonds AFRO steAdy. with
slight advance in tho IS and iko doeiiro in
the 61s. The is ARC quoted at l0a In Sts.s
securities s'r&iniss nave suffered sori1us decline
On hcGnuna rs @t0yn stated, OF tho result of
tuesdays election, in which tho debt Glegtion
WAS 80 Involved, but, is also above sta.eJ. the
Impression is thst thoro will DO a resction in
deed, from tho tone Of the market TODAY
There %oG'd seem to have been slresdy better
!eehHS. Al The inst Baltimore stock board goa.
tefday $50 cnnsos so.d al from 81 down 70
H;!, chiefly at tho latter price, or Al beloyy tho
closing of Wednesday,. At tho second board
IT'S ,0n additional changed hands at 531s533, and
$1,000 do, buyer CD. at 80, closing $50 bid -
asked. On 1uesisy .st, when il was believed
that tho dsbl payers would certainly carry the
election, the price for consols advanced TO GGl
tho closiGg figures Of yesterday ware lust ner |
cent lower There Wero also sales Of someiS333
GEO lD-dOs At prices ranging from 40 down 70 d5l |
closing n! bid, against 81 bid on Wednesday, |
decline Of 6! per cent. Pcenr5 wero also lower
selling from 20 down TO z9!. Coupons closed of. |
iered Mt s:'s with no bidders The aales aepre-
gated Sl13CC) Railroad securities arc auet |
fewsha'es Of Baltimore &ohioconmon selling at
l31i. and second preferred dc. ut I05. Orange.
Alexandria and Manassas Is were steady at GA.
We quote
Orange, Alexandria Sc Manassas. ..... CT! p GO
Orange z Alexandria Is, l=l............ -
q - ~, "a. ....."... % -
Hs. 3j......... Is q G.