New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-04-19
SECOND CALL O'CLOCK A. ".


The great event Of the week ending to-day was
the subscription made by the First National Bank,
for itself and others, fpr $IJO,0nO,00O per cent
bonds and for 4,JGG, 800 of the $40 rciundng
certificates, ar foT such PORTIONS Of the amounts
named as had not been taken by previous subscrip-
tions Tins subscription, if accepted by the Secre-
taiy Of the Treasury, viii furnish the means for the
payment OF the entire of OiO per cent bonds,
and Will close all rcfundilg operations of the
Government at tie expiration IL ninety days, until
after December 81, 1879. The contract, however.
al the time of writing has not been compiled, be-
cause the Secretary seems 10 doubt either his power
to accept thcpolicy o. accepting such round bid
for the $40 rsiuudmg certificates. BIT there
seems to lie iitte doubt that the differences between
the Secretary ard the subscribers viii be harmo-
uizcd 30 that the transaction vii. be completed 10
the satisfaction OF ali parties
The week in the stock market may appropriately
be called the week OF small things. majority Of
the ordinarily active speculative stocks were dali
and either show q decline in prices or very small
advance, while The low.pi'ed stoc.s have been
active and rampant kausa, Pacific shows an adj
vance of 1911; Missouri Kansas and Texas, SIS; ST.
Louis. Kansas CITY and Northern common ~, and
preferred 3h5; -. LOUIS and san Francisco
common 2'B preferred ga 2nd hi't PIE
fcIrtd j3i; 81. Louis and Iron Mtaut2in. 34 per
cent. Yet none 0t these advances represent the
pige,t prizes tor the stocks named, they closed
al .rao iloHs Of from - 10 % per cent. The total
n.iusactons fox the week these stocks amounted
To 2g2 3GS 7harcs. Wabash was another stock that
was unusually active, its sales amounting 10 1OJ-
600 shares ar prices ranging from ISM to 1854
Z3I, and - Louis and Iron Mountain rose from ID
10 l~osal 7bt With the exception Of Erie and
Nirhgan Central the trunk line stocks were dull
and tcatur,ic.s. EIic, however, SHOWS an advance
al H. per cent while Michigan Central closes at tie
same price e. a week ago o-Jl after selling at 5
asia
Taa coal stock, were Anctultug. being alter
natcly strong and weak, ON very frequent renewals
Of reports al combination. and rs frequent denial Of
he reports. At the end the combination story was
IN le tscoudancy, and consequently the final sales
of the stocks showed gains a. FROM - 10 pig per
cont over thc prices of week ago. Western UuIon
was less active than 1t has been OF late aud tie
cliurI from lur 10 105ll, closing at 1864 Pa
elf. Mail rose to X Oh the expected settlement
al accounts between &c and the Panama Company
and then, when the event was an accOmpusheGiact
dropped 10 III.
I'm mining stocks the transactions at the regular
hard were the largest ia standard. az prices rang
inu between 25ls and -. The MAripOsa shares also
suddculy became active. and advanced 20 and ga
for the common ans preferred cspcctlfely.
The total transactions for the week amounted 10
.Oi2 go shares, against SoS,2Il shares for tue
preceding tive days week aud 0iT,oll shares for
the Nc.A preceding that.