New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-08

of the bonds offered to IT, because of the necessity
OF appronriating the surplus revenues from now to
January to tho payment Of the Is 1850 bonds ma
turing December 81. For CHS ls'ue iO-'4 Wac "'-
fercd for - 10000. 60 DE del vercd time .a-t
week Only 50. 900 was or rei AID purchased. -
ii is prop -cd 30 receive Wooh otrs to self these
bonds On each succeeding Wednesday. 6 er' De- q
general impression that the Secretary VIII hereafter
pay the full value 1O3l which they VIII have "a
date # maturity. if they ars al red at 40 lower
f.ure. The reason for tins impression IS that the
Treasury derives no brncf, from an accumulation
OF surplus. and may as wei pas /. out IN the r.,
dompuon q the debt as TO keep it. On the other
hand. il may be argued thai the Treasury j sos
nothing IN keeping ie funds until cate Of maturlti
of the bonds If the holder, OF che DouG- do not con-
slder Inc money worm as much az % per cent
per AMMAN for the remaining fifty day, winch the
bond, Will have to run next Wednesday, the Ir'.s-
ury may as we'll hold tna funds; therefor, bidders
next "Wednesday should not lie TOO confident that
they can make ;hcir own terms demanding all
that will be due DeccmDer3l. The sore ary's offer
Of 1924 a liberal one. and holders, be they banks.
trust companies or Individuals may regret tuat they
douutacccptit stat bonds generally wereas dnil as
usual hut late in the week active movements and
higher prices were developed for LOUISIANA conso!s
and the Tennessee issues and Yrruas also were
p
Is nearly entirely absorbed for investments, fol-
lowed the movements OF The share II .rEct. Blt
such declines as Oh were IN the mlod.' Of ne
week were generally recovered before th- close, and
ia some instances urther vauces were es,abl -n.
There is d continued good inquiry for the best class
ga income bones. which arr selin- low compared
90 ,hp prices OF their kindred stocks.
I.c weeks five days. business H. stocks amountad
to 1.Si9256 shares against 1,~G3,59l shares for
t.e preceding ALI week. UuIl Wednesday flIe-
noon prices pretty steadily advanced, when o..
re lZdIO Isl walci every one Lad c%Jtc rA
begun and prices ylel led from % per cent. The
wonder Is tuat Whine every Speculation during me
preceding week had been DuVng s.cck5 TO s.l ont
on the ante IpaIed BOON" wednesday morning
following tine election, and Gid sell ont
as after that II WAS possible TO sell,
tueuarket dld not suttcr much greater derlnc.unh
tuat II should soon a. ter have shown sgEs o. I'M
the end of the week. Yet while there were ev deut
indications OF some good buyiug,' the market
al itvtr 81. and operators cXnDI. eel "A Ice4ug oi
uncertainty tina restricted tnc.r operations. few
OF the hlgA-pUc"d stocks made handsome
gains durmg the week but generally the
OF from i 20 a Der cent. AT one time tho
Nab3shes were specially weak on reFOr thai the
7 pa.seuLer war between The southwestern rail-
roads from ClcagO mad broken Out agaIi, but yes
tcrdaV. when the report confirmed, these stocks
rallied sharply, and Chicago ard Alton and Chi
cago, Burlington and Quincy show advances OF y
aud Is per cent rcspec lvcly. Illinois Central Is
per cent higher, and Rock Island closed the same as
a wees ago. Al the close confident JOoe prevailed,
! although az midday Saturday Il wa rather Stag
| gcred Dy the character If the bank statement
WEEKLY RANGE PRICES.