New-York tribune., 1880-02-28

The business done in state bonds was in n small
amount of Louisiana consols at 4s Tennessee 6s
old at 3Cl2 and new at 80, and Missouri GS of 1888
at 1898.
OF city bank stocks, North America sold l10l at
97l2 and Phenix (225l at 1O001O04.
The dealings in railroad bonds, which included
slxtythree different varieties. generally of
uninterestng character. although there were some
improvements in the prices. Erie second consos
rose from 9l7s TO ooh, but ended at 92, the first
gold cOrsos declining to 121. Missouri, Kansas
and Texas first consols were IS per cent higher at
1913 and the seconds advanced from 65 i2 TO 6S7s
after which they sold at G7l40GS. c., C.
and l. C.. first assented bonds which yesterday
rose per cent on the report that the Pennsyva-
mia Company had accepted Judge IIaran's decision
as the basis of Il settlement of the defauted rental
to-day opened down at 90i2 against 93 yesterday,
on the fact that the Pennsylvania Company
has perfected its appeal TO the Supreme Court.
We understand that the c.. C.. and l. c. bond
holders will now also take appeal from
Judge Harlans decision, which viii take the case
into the Supreme Court just tentered the Circuit
Court. Later the price of the bonds rose to 913t,
and the income bonds, which opened ut 10, against
4S Yesterday, also rallied TO 460sai3. There
was better demand for the income bonds
of ~. LOuis and Iron Mountain. the iirsts rising
per cent to 93, and the seconds i2 per cent 10 S2
tt IS now definitely stated that the interest
neither class of these bonds will be paid March |.
Bur the idea is held out that the payment is only
postponed for a snort time, at least, on the
hrsts The reason oiven for the pOstpOnement
is not satisfactory one. because II the Interest has
been earned and the funds on hand with which
to paw It, It seems 10 be the duty of ths directors
even II they do "exDect 10 TetIs at the next clec
tionr to order Its payment. Investment bonds were
steady to firm, with some slight advances sales.
The transactions at the Sub-ITeasury for tue week
ending TOMS ghs include receipts of 1852. 791 aud
pavments of SO 2S9,6l3. resulting IN Il gam TO its
general balance of %1,343,l9S and leaving il at
$lOS O73.GI2, against Sl06, 730, AGA February 20.
The rarucuar changes of the week are "a currency
loss of 1881 J12 and com gain OF 81 l71.720.
The bank statement to morrow should show con-
siderable reduction IN the amount OF the total re-
serve The money market to-day was repetition
of Yesterdays. loans being in demand at
g per cent until a late hour, and then
being made at per cent The domestic
exchanges on New-YOrk are unchanged from yes
terdav's quotations. The United States Treasurer
nj Washington to-day received $4,000 IN Ma
t,oral hank notes for redemption. The customs re-
ceinrs were ii ,00l 600, and the Internal revenue
receIpts were 100000. The following is tho
Clearing House statement for to-day Exchanges,
Sl2f 507. .62S balances, 1921, ,512 The transac-
fons at the Sublreasury covered: Receipts,
~ 54I .0S2 payments. ~, 70G,59S currency bal
ance. So 132. 453 ; coin balance, $l0l ,94l ,l59.
The foreign exchanges cOntinne firm and short
sight ster ing bills to-day advanced l. cent to
the G. the immediate cause ing . greater activity
in the London money market. The following are
thp re gpl quotations