Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1880-01-23
MONETARY AND COMMERCIAL.

There has bsan nothing worthy Of special note
| IN monetary or commercial circles during the
Teeb. Business is lsHguid. and the weather hiss
hsG rsihe- depressrg effect a bill pending
| before the Legislature granting charter to 8
| railroad corporation TO construct q railway iron
Baltimore viz WEi.c's Ferry, in loudoun co :,
20 the coSl fields Of Hampshire, thereby cuttir 8
| Oh !he l;sdo OF sll that section from this city
caused some eZci;em snt in commercial circles,
| and steps have been taken to prevent the COLI
| summation # the burtful scheme, which, it is
nopsd, Will prove ehuctual though there is 2
dlspoeltlon on the pATt of TIE General Assemb
10 grant charters Tor simost anything without b
proper OF due consideration. of effects. The
funding OF the city debt has progressed very "a
Voraoy, and TO this time considerably upwards
Of $500 600 Of tie old bonds have been refunded
snd others arc coming il. Money matters here
aeouts sre quiet, and tire loans can be easily
negotiated on sod colsle1als III per cent In
Baltimore the money market hss undergone 20
chsDgo beyond perhaps more liberal otEarrS
OF funds moatly from private sources, The
quoted rates are 5 per cont for Losing, and 4la6
psr cent for discounts Money II New York is
very oas3, and the quotations for call loans sre
iaG per cont. mostly at the former figure. There
is en- abundance of money in the Phisde!nhjs
merka', ard loa:e sra negotiated at low rates.
Government bonds srs firm with sn advance
yesterday OF or Il. State securities ger eTsllv
are quiet, with somo Transactions in yirsuiss,
ConsoIs opened yesterday in Baltimore frmar
5000 selling al 5l4 caeh, and $40 eco DO st SAME
price, seller 80 days FAT, III advance Of 4 On trn-
Glous sales, but they closed dull at 5!tahl5 The
040s sold 1t 1852. Deferred were quoted At
S4lJt md the 1919 coupons sold 1T 6l1, IA sd
vsuce Of ioT The latter Ncrlo'k city water So
~:rc us bid. Railroad securities were moro na-
live, and prices Iriner, Manassas 7s sold yes.
te!dly at IS fer amsil and 81 for lsrg. bonds
closing 7@34oO Orsngeand Alexandria seconds
wore quoled lG2 .lG6. and iour.hs a. 59S Al. Ial
tbs connection We quote from the Richmond
ctste the following in reference 20 the Virginia
Midland road:
we are gTsiIaG 20 l"srn that this railroad
VIII soon BE- out Of It's Diff :u!tcs s;.,i uGGcr LIE
tcdeue VI Reorganization IL which its creditors
10 IN amount excc6Gigg ten millions Of dollars
have united. will Commence an ere of prosperity
hitheflo unknown III It's history. The uLGluitv
with when creditors OF all ciasses have united
IL the reorganization is guarantee Of the sd-
Yaaisges TO DC derived from 1t TIE road is said
to be doing heavier business than ever before,
aud It's entire 3SS miles is earning money. Thu
lateral 81 thirty five mice, called Inc Pi:!sYl.
Vshis and F1snkiin Narrow Gauge railroad ia !
nearly co'ns"tad, and the owner Of one % thn
non mines Ia tfankl!a MSS already sold 80 600
tons OF orc Tor shipment. 10 Philadelphia. Th;,
Char !ottcaville ana Kapiisn connection is being
rapidly built. and By the first Of July will be if
EuHE!! order, according To CONTRACT, We con
6 catr 'h.n the people rom S.loxsndria to Ian
lille, and the entire State upon This evidence of
energy and good management in connection
With opo OF our most important highw.ys.n