Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-09-12
.uO.V.ETKRI'. IND COMMERCIAL.

We Esvo continued favorable reports from
nearly all pslta of the country Of in proved bus.
inezs prospects snd increased activity in trade,
and heres5ou.s thirs e mora hopeful feeling
prevalent. The city debt lie il a ltir way OF
speedy adjustment upon the pisn heretofore
noted ofa SlC0 bond with Gteres: stS and S-55 per
ct, and aIraareaos fua6ed in certificates redeena.
blein Is years ard bearing per ct interest. This
heretofore heavy burden thus lightened, to be
soon followed by reduction il taxation, the
bright prospec. for TO establishment here Of no
distant day OF i:on works the steadily Increasing
grain trada, ard the Improvement O! the coun'
ny jacens sid tributary to Alexandria, all 60
to make brighter picture than we have been
accustomed to look upon for come limo, and
give premise OF renewed life and increased &C.
tivty. She Baltimore Sun OF to day in its mon
ey article asJs:
There is largo increase in oil tho leading
branches of trade, and business generally is more
active than at any other time tor some years
past The distribution Of all the most important
stspee, as well as the manufactured goods ID
very brisk, ard for many articles, Of which the
stocks have for long time been excessive, there
is q marked scarcity. This is especially the case
with iron, the prices for ell the manufactures Of
which show q lnarkod advance in the past few
Weeks.'
Money hsresbouts is without change. the sup.
ply being adequate for legitimate business pur.
poses. and negotiations are easily msdo upon
good coila!eca!s. In Baltimore there is on am.
pie supply C money, but the market ia in q
moro healthy condition, and the banks fed less
difficulty in placing their funds. The rates are
4ia5 per cent FIR loGle aud 5s6 for discount,
with tbs bulk Of the dealings in both at 5a5l.
The New York money market is again easy.
The quotation for cal leans ia ) TO per cent,
with fen loans, however, sbovo per Cent. On
y. S. bonds 4s5 per cent is tho quotation. Time
loans are to per cent, although lOses on Q.
5. bonds for sixty days arsrspo:tod st II per ct.
Prime mercantile paper is 5aG per cent In the
Philadelphia market money is quoted at 4a4t
Per cent for cell loans, and 5eG for best CONNER
cisl paper. Government. bonds sre strong, and
the closing quotations yesterday showed al sd-
vaucs Of 70: the Ga, 1885, and TIE new IS, and
! Tor the 4is and 4 per cents, The last nsmsd be.
ing quoted al 1917 slO2 SLs!a securities are gen.
orally quiet ard Virgins conscls era a trias
easier, owing TO The announcement By the re.
funding associations that they arc compelled to
suspend operations at losst for moIth because
Of the large quantity already put in and the in
ability OF the Ststs officials TO make the ex-
changes promptly. Tho whole years quota
has already boea sen! IN for conversion.
$4,000 coupons changing hsnda yesterday at
56s, n dscline Of. The 10.I)s were also low
sr, So 600 selling q: 99s. Coupons were steady
q! 81. Railroad securities are Grn. B. s. o.
wss stronger yesterday, IS shares sell.
ing OF $50. TIE second preferred we're also high.
o., leo shares changing hands q. 1921, an ad-
vance OF J.! per cslt compared with latest pre-.
vious asias. Msre:sss Is wero dull a. g.! aG5!,
and .. s. z. y Is sold st 9ja 70. s Tenn. Is
sold q: t9i. and closed c: 99s.G We quote:
Orsnge. alexandria & Msnsssas..... O G5s