Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1880-12-20
MONETARY AND COMMERCIAL
VIRGINIA BONDS.

flEUlNlA BOND5.
Hamilton & Co.'S Baltimore financial rcular
Ct Saturday last says:
LAS has been tic case for several week past
Virginia boEds attracted the mont attention.
Coosos, sft,r tho rec:nt rapid advance. have
s9tlsd DOVE, ard with good demand for &C.
c1un. cf investors arc steady around ISL.
When the large orders to buy consols were
Withdrawal last week, there was sudden drop
10 rrc s from Isl. the highest poi0t reached,
| to ut, The temporary withdrawal OF orders to
buy VAS ocoasioOed by the high prices reached,
snd lie sia:c;ty of bonds cfeliDg for Gale.
Thos, who wcud not sell wEeo c)nsols were
| freely til FOR at IS regular wy. and II seller
| IL months Ia, were anxious and esger sellers
blocks Of hcnds wore picked up duiog the week
that c5r'l get havs bsen purchased unless the
decline had tsken plsce. Ten forties not only
did rot decIua ID synpsihy with conso!s, but CO
the contrary have been strong all the week with
large transactions bstween 40 ard 4QI. We
still bcIi,v, that the 10 40 bordI arc decidedly
more attractive than conso's at present figures.
While CIT sois hsvs advanced % per cent, aud
10 prices never before reached, 10 40s have
sdTatc'G only about S per cent. aud ere now
selling per cent lower than they sold about
year sgc, having snd at 54i, apt coDso at the
| samo time Ecro selling st G5 Virginia bonds
are nero strongly held than they have ever
bacu before. Millions Of c,nsols and more Ie
| Gently large blocks 10.40's have been purchased
by VcsIthy capitalists in Europe ard New York.
"Fi.cinia neclcrs sold at 295 ard coosol
c;upoIs at OH. The movement 10 Virginia
deferred has q1ieted down. ard thu malk,t for
| ibis security has been irregular. We learn that
| the authorities at Richmond will again open tho
| trarsfar books for tho deferred stock after the
Ia. eff Janua!y. aud that small charge will ba
| made to pay Tor tho necessary expenses of print
Ing, Is. Tho rsfuss to issue now certificates
has caused considerable Inconvenience. While
even amounts. N. Y. delivery, hsve sold durieg
tho week from II to IS. broken lots have sold
IS low as l6. The movement in Virginia
deferred spnears to DO based upon 40 effort on
the part Of London holders to effact some CON.
promisc Hth tho Slate of West VireiEi,.'
R. II. Mau.y & Co.'S Richmond circular
s;ys:
"Durioz lh, week the market fur Vireini.'s
hss been tXocedDy uncertain, aud prices CT
c3n3ol5 have changed from to II per cent. ono
way CT the other almost every day. The trans
actions 10 them have b,en very much smaller
than QQrlcg tDe week DelOre, ana eVlQcnCe OF
diminished desire Oh the part of b5y,rs to take
hold. It will be noted. notwithstanding the
woskness in corsol5. that 10 40's have held
their own with but very slight change. We
c,uuot bat believe that DOW il the Tina to buy
thou; as 50 ofGen seid before, they are much
too far behind the pric, of corsos. and rise Of
even 10 pr cant would not pu. them above
their normal position in relation to oonsols.-
We regard them as mu,h tho stronger bond.
b,ing the result of moro recent compromise.
in WHICH tho holders released ono halt of their
Interest.
"VireiuiDia deferred, those erIa;i, orphans
whom nobody seems willing to fither or beoome
responsible for, nevertheless grow 10 favor aud
advance il price Sales have been made as
high as IS. It's remarkable that they should
fetch su,h rrcs Wnen back scrip and peeler
coupous, which arc rc?gnz,d obligations Of
the State Of Virpinis, do not bring more than
half as much, We are afraid that when this
speculative fever passes away that buyers will
fad, 10 their ehagIip, that they have too muci
pspar for their money, aud their supposed Sc
cuI,i5s arc Of the most insecure cl.s'."