New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-03
GREAT SUNS oFM0yEY CHANGING HANDS

REJECTS OF THE sEMI-ASNUAL PAYMENTS FOR IN
TaErsr AND NEUTRALITY-SUSPICIOUS. LARGE
Transactions At THE CLEARING HOUSE
HEAVY DEPOSITS N TIE BANKS.
The Dayment of seml-annual interest ana
dividends began Tuesday. Besides the interest on
tho ycrnmeut bonds, which alone is estimated at over
-16OoO GOU many State, municipal ana railroad cor
poron paid their interest on their debts or DIVIDENDS
op their stocss. Thefuston OF making their interest
CHARGES payabe in this city has grown largely within
few wars among railroad and other corporations Inc
sae of HE securities has been aided by this method OF
making the interest payable mere Investors are niue
reluctant to buy bonds tho coupons or WHICH
are payable in some distant place. Inc To
raj of ,he payments which fell due here
On Jny is estimated at from S3O,OOOOOO TO S4O,OOO-
900.
The magnitude or the transfers Of money at this time
is indicated somewhat by tho transactions at the Clear
inc House The exchanges amounted yesterday 10
SOB 5Z67s2. aad the balances to Sl2oOo'Io4. IhlS
statement reflects the business done on tine
,,,ovious day Tue balances wore REMARKABLY
i,rgc exceeding those If any day for long
-, Tim effect Of the disbursements on ae-
count % interest and dividends ID shown by the great
ann. with which OF the banks were credited Inc
Ntn, Park BANK heads the let with balance to Its
credit Oh S. 4CI 900, sum equal to It's "ho!e CAPITA
and nearly one-tourth more. The Nanonai bHhK OF
Commerce was credited with nearly as large
- o. 400 900 The Merchants National
po,, bad a Balance to It's credit OF SI'5ol'-
opo. The First National Bank of SSS7'oooj )
tj,e pbenix National Bank OF 100000; the National
rrogdwav Bank Of 1862 600; che Metropolitan Ma
uon,I R.nk of 1898 900: the American Exchange Ma
riopal Rank OF S5l2OOO; the Mechanics Natlonal bsnA
t Sage 600 aud Others OF smaller sums In many cases
tb Ia nncfs we're OF onschs Tor interest on me GOV
sTnr,en deb. In nearly ali they were n!lch larger
nan u.rai President sherman, OF tue hSchshlca
,",u,I E.nE sad Yesterday bat the usual amount OF
49, Tr,.nues was 100000, but that yesterday
| turV amount ed TO over S7Oo,OOO. ...- - -
TtIy-iour cut of hfty-eisht lnstiutlohs Nhose e1-
change. " ere nsds through the Clearing House were
cTdtInr. ais unusual state Of anairs was caused DJ
ths i.rEa amount OF Government checks held ~
Hcr, gb. Assist.nt Treasurer OF The United states
so debtor 20 the Clearing House 10 The amount oI
a. 1iG 900 From nature OF tue TRANSACTIONS lie IA
',,, s.bI.r but the balance Yesterday was extra
ri,r The Tourtn National Bank WAS Indebted 10 the
C.ar,ut House 81 232 900; the Chsmicgl Nauonal
~ sgSDOOO; the National Clty Bank, e5U2OOO !
| the irIird National Bank, S5sbOUO. Ihese debts
| S,rra prOduced some cases by the pay
| ,rsvt nv tps banks OF interest aud dividends TOR
rsroad aud corporations The Chemical National
AN began lu ssday payment Of 0lVldends ana IN
f,rrt far several AlrOadG The disbursements on aC-
rnunt OF Interest dividends are returned IN many
| ca.es 10 tho banks from when they were drawn
| Tne .ums are changed from credit Ot dividends
| merely 10 credit oil deposits In many cases
| they mss Immediately into new Investments. by
recently made the deposits oIltbe banks
have 6eeu inGrc~sr1 by many millions. The deposits oil
| Re National Park Bank amounted yesterday 10 over
$4,000, 900 those OF the Chemical 10 over Sll'OVo'