New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-04

tion that the dividend would he at least per cent
and then have large surplus. Ii probably Will be
difficult 10 convince the buyers of the stock at the
high figures that the recent large sellers of
II did not possess Information that contrary 10
that which was in general circulation. The COM
pany makes official statementof it's business for
the last SIX months. but we learn from what we be-
ieve to be trustworthy sources that the statement
# made, would show earnings more than sufficient
to pay per cent for the six months. /, must be
remembered. however that railroad reportS of in
como account arc frequently OF great variance with
the cash account.
It the general market lid not decline as much
as did Northwest. st. Paul perhaps in sympathy,
Welded more than almost any other stock. Lake
Shore however fell to 49, but finally closed at
122, against 1908 yesterday. We learn that it is
the intention. after the payment of the next semi
annual dividend, which will be per cent to place
the Lake Shoie stock on the list of those that pay
quar- cry dividends. Ere about strong
tO-tjay any stock. and only declined TO
45ls from 456s, Yesterdays last figures, and
then rose 10 46i20i6l Ontario and Western also
was strong all the way out and closed at It's best
fnres, 317s notable. and perhaps a significant.
feature Of the day was the sharp advance IN the
price Of Missouri Kansas snd,rexas stock. IL never
sold lower than its first price. 37l2 and it closed at
Al. The Wabashes also were steady in early
dealings than they had been for several days md
finally specially strong. Western Union is an
other stock which presented dealings t. at may be
regarded as significant of the immediate future OF
the market. For some time it has been a favorite
stock sell short" and such sales heretofore have
paid large urofts To-day it was no less such
favorile. yet after transactions amounting TO
10000 shares. il closed at 917s-2 per cent higher
a.. lo,~ III dov aud mar
higher than yesterdays final price The market
closed quietly firm.
Government bonds were little more acTvo. the
sales at tho Boards amounting to $l67,00o, but
prices were 1s easier for the Is of 1881 and 4s ana
Il lower for the 5s The bids for the 60 vi $50 were
advanced TO 1913 at the Board. The Sub-IreasuIy
purchased S442 900 of 1SS0s at 1928 The Treasury
Department has given notice that no books for the
registered interest the 1SSOs Will DE
made MP this month"; the principal being due al the
same time as the interest, both VIII be paiu
together on presentation of the bonds. very in
tcresting question to-day arose between the Treas
ury officials and representative OF bold"r or the
4 per cent bonds. Washington checks for interest,"
amounting to $40. on registered per cents, were
presented At the Sub-Treasury in New-York for
payment Acting under general DISTINCTIONS 10
MAKE all payments 90 pen cent gold and
10 per cent IN standard silver dollars.
II standard silver dollars were rendered IN
part payment for The checks The tender was de-
clined 81 The ground that by the Refundng Act
both principal and interest were made PAYABLE III
"con Of The present standard value, which at that
time was ihe Id dollar Of 2JsiO grains. The matter
has been referred TO the Secretary at Washington,
with the request that the subordinates OF the De
pagtmeni he instructed to act III accordance with
The law The following are the closing quotations: