New-York tribune., 1879-03-01
FOR the week --C'1sIn".--
Highest. Lo5g-sU. loo. 81. tcU. ~
There has been r.ot a little uneasness as to the
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very large settlements tObe made with the treasury
mex, Aurl BY recent letter, tho Treasurer Of the
iuIttr state, informed the depository banks that
they could forward 10 the Secretary called b0HdS
iuciuacd under any call As a settlement Tor their 1
per ccut subscriptions. the difference 70 be adjusted
rpou IA. calls uatured. IL is now further ordered
that ans called bond, sent to Che SccCctaiy under
the II .asUTeTs letter Of the lIth, WI be redeemed
anon their receipt hy him. ii II he g. requested, and
credit made Of the proceeds, including interest 10
the date OF maturity of the call ID which they are
incud 4. Thus is calculated 20 materially simplify
the accounts between the banks and the Treasury,
and carrc~pondIngy facilitate matters al around.
In state bonds, there was a very large bGs-
ness IA Louisiana ConsOls winch declined from
y - to u, with sales to-day at 49l2U5OA. New
Orleans letters attribute the severe break to talk Of
repudlntlon, but 1t IS 10 be understood that such
talk j, confined 10 a small number of spectators
Ienuc~sccs were weak on the prospect of scaling
the interest; Missouri Us ruil"R strong, WINE
dull There wcrc no sales to-day, except Of the
above mentioned, aud old North Cdronas at 20.
The ctv bank stocks were not very active but
tiOnal 81 at %, and American Exchange lipI at
1854.
Railroad bonds have beaa active and irregular
for those issues involved IL the late active
speculation q marked decline being noted
IN the Jersey Central issues, with a subsequent
however fell TO-DAY 20 90 consols ranging a. o4sa
1s3L, cOuveItibic~ at S1US3Si, and LehiCh and
NiikcsjarTc CODsOs at 5Ou 49I2 Denver and RiO
Grandc iirsts declined TO eo@, anL iirsts Of
Burlington and Cedar Rapids rose TO 12Ig, New
York Elevated iI>ts g. IrI =, heW-lOrk Cen
trail tr,ts u 1914, and 81. Joseph - TO 10,
with a later rally t. 1903 Missouri, Kansas and
TeXa, Ersts yielded to 81 y. and seconds TO sos,
Canada southern rIsts ruling barely steady at 156s
IL 79$i and 1Tss OF c., &. ana &. steady at C334,
Lake shore con. registered seconds selling Gt 100.
in tie home money market, the common rate on
call loans stock collateral was per cent, hut at
times and per cent were freely paid, exceptional
loans being reported rs ]OW as 2l2. To-day The
general rate was per cent. On Government bonds
the rates were lU2 Oh can and l for loans run
ming 90 tJ 80 days. lime leans alC unchanged,
and Iuie al such low figures that II
seems 10 be the part Of prudence for al who may
require money for the next sixty DAYS 10 SIX
months tO seize upon tic present opportunity to
make their arrangements; and tins despite the
probability that the United States Treasury VIII
use its Influence 70 keep rates as low n possible
to facilitate the sales Of per cent bonds. Discounts
paper. Exchange on Aew-NCIk IS as last quoted.
The United States Treasurer at Washington
TODAY received SGoC,OOO IN National bank
uotc,- for redemption. Inc customs receipts were
1895 900 and the internal revenue receipts $780,
BOO The followugis tie Clearing House statement
to-day Currency exchanges, 97s,sJ2 $685. cur
reucy balances -, l3l,Oo1.
lie market for sterling bills on London was
strong and higher. closing on the basis OF
81 s0l2 Tor s.1ty-days bills and 81 OOl2 for
demand 10 tho pound. Actual rates are 424$4
lower. The market Is again get,ing uncOufOItably
close 90 the specie shipping point, chiefly because Of
tho continued sales Ot per cents in this county,
which compel the return Of per cents FROM the
other side. We annex current quotations