Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1880-12-13
MONETARY AND COMMERCIAL

VIRGINIA BoEEs.-J. A, Hsnb e;oa Ca.
Baltimore Financial Circular Of es;u-d.y -,
says:
THE feature OF OUT market during .ao r.,
week was the great activity and marked strsr"s,
in Virginia bonds. Virgins Coascs ogcrc1 :,
tat. and with very hasvy transactions %.v:.cat
to i6i. This ia the highest point e. which ,t.;o
bonds have ever sold, but from tire Way in VIII,
they were taken and the srost scramble 70 h",
we would infer that they are destined 70 co.
considerably higher yet The orders 10 tTy
have come mostly from London and No9 Yo..'
When the buyers of Corso!s found tia: IT,.
we're bidding prices up wi.hou! buying mtry
bonds, they withdrew .heir orders. As SOM =,
there were no orders to buy, Consos cec,jDei'
741, but closed firm st ~ 10 III, and va ,GjrI
will sgsin advance. at present pics E..
ConSols. and at say so fo7 coupons these bo-+.
pay per cent per annum. The high -s,s q,
interest which they produce is very attractive 10
investors, and the confidence with when ,tev
are being bought. would imply TIA. 81, fe,r; .
any future resdjustneLt haVo disappeared.
There were sales curing toe week OF Cjnsc.. =.
II seller y months IT. As We exrl.iaei les,
week, the sellers have the privilege Of DELIVERING
these bonds anv tine in lhe space Of ono year =
IT. Virginia 10 40s were also sc.!ve aaG histtr
They common cod the week with sale? at g.; All
advanced to 4et. There aroe gooi many b1- ::
for sale between 40 and So but We p;sdro: ,S,z
when all ofthem hs7e been t.kan, ~ they W.,
be- that very few bonds will be CT he r.a-h,.
when 50 is rescued. After thst poin. il p,:.a;
they will probably sd7s- c, q1i:siv !, - T.,
Forties hsvs gold Gn the Fall Of ls-9i :. j..
At the same time C,n'ol5 were 90 In: &. =,
Why there should DO so gres. T. iG--agr,
between Consols aId iO.i0's now We can 10: III.
derstsDd. II is true thst Cons ia p.y III: TIA,
10 ADS, but j. mus. bs renembCTei .tA. n IL.
course Of tina the 10 40 boad WGicA rJI 5,,,.
interest st tha rate Of 3 psr cart. re, sGiQn
will become q 4 and eventually q ) pr ,r,.
bond. tbe interes; bciug scicd fox E .a.i": o.
yesrs\. If thero is II Ee any futuIo G..g4&i-a
Of the resdjustment Of lha ceb. Ct VIRGINS. q.
10 40 bond is by far the safest TO hold-thcy h.:
already been res6j u:tet aid may Ee co.su!cg,t
as permanently established For these rs..,r,
we consider tho 10 80 tonGs 10 be he es.es: a!
most desirable investment, AID Wa bas:" tn.
will sell cILsiiarsbly hiyEcr. ii CJn.g,. -,
worth IS, Teu ForLes should ba selling ). e.
Virginia Deferred solI C!pln e ~ to j.. b..
reacted to IL There wesa largo iran3 set. NJ II
this stock, some 800 OtO changing tsEIs ia uya
lot at about IT, Tho future We re Of Vi.giD..
Deferred is prublemsticG. We think the p:s-
sent movement purely speculative. Pce!.Ts
sold at G9i, and CoDsol Coupons AT about u
K. II. M.ury & Cos. Hichmoad ciicli.i 81.
I'VE predicted lsst week tbs: corso4 We" 4
reach so they have now 80 nesriy attained lbs.
4 cure thst VIZ should s3vis1 cur lrieLcs - b..
very careful il uasing pusch Asses 81 - Pr ieLl
time. After 60 rapid al advance some ro,C.lcn
and decline is to ba eIpCciaj, and tic tlreiI
orders and shor. interes. which hsvo cor.-a
uted in no iLconsdarable degree 10 las rec n
rise, mag cease ct any moment!