Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1880-02-02
MONETARY AND COMMERCIAL.

john 4. Ha'..Gi>.ca 6 Cos. bsli III re imam
clsl circular Of Saturday sayE:
In Stale bonds Vi.sini. consols have Lem
tGa mes, active. They sold quite freely bltween
~ AND 81 Ion tnrt!cs hGvo baon dull but steady
al aOoGl 80! PaeIers fer timo were in active
demand. and advanced 70 81, bu. more bonds
we're che'ed than The mako; VOID tske. so
tneY again drc:intd to about 90 CGrscls end
lo.z0 Coupons romsin unchanged st shout last
weeks prices. hut pcclcr coupons advanced to
10 On nnutu.liy lergoly transactions. The sui
leci OF tho lt@ncl+ls OF the State hes nc. SIS yet
neeh brought before tho Legislsturo Although
tncre appears to be dread of soIao disastrous
LEGISLATION. yet no ono soerns 10 know exactly
what tho icadjustera ,rurose to do, or how they
ere going TO do sn7 thing tins! can adversely eff.
icct the bond. Ill agree thst tho Governor
VIII veto Gny li!ii that ihey might pass locking
70 repeat ul the present faEd;ny law |. is
also certain that tho courts would sustain tho
hcCui!och funding bill as being con.
liact Rhleh the state Of Virginia has not The
S5,uOCtOO Of conaols. peelers, Sc, into the now
10. ~ bonds before tho frat Of January they
nave oil tho bs!siicc Of his yssr TO fund s. COZ
COO more. Until they lsil to carry out thti7 pal
OF the contract the present binding sgreemont
snd contract must stand. Tho discussion of the
debt question has tho tendency TO keep the bonds
OF The State in very fcversh and unsettled cor
dltIon. Conso!s which opened oR tho first of the
month ct 40 ex the January COUPON quickly ad-
varced until they touched e. They have ainco
boon steady between 80 and 81. Tea Ioriios sold
between $50 and 3S!. There wss an active do.
mand for peslers, which sold up from rs to 81,
The people Of Virginia seom to have an ides
that something may be done Ivy tho Legislature
10 taVorably elect these bond. Tho only plan
inst we have heard Of IS proposed by the read.
Juslers Is 20 fund sll bonds into now three per
cent bond, tho coupons Of which shall not be 70.
ceiysble for taxes. How this would banti fit tho
peoIer We iall TO obserVo-thoy already bear iE-
terGsl al the rate OF SIX por cont and tho coupon
IS not receivable for taxes. This would DO
'swappng adeyil for witch" with 8 vengeance.
feoler coupons have also been in active demaI !,
end have advanced from 7 10 1G conts. Corsol
coupons sold al from 7iI up TO 10, and 10 DO cou-
poEs from u up 10 Stt. Tho people of Virginia
say that tbs readi listers will do something to de.
p1cclsto those coupons. Rather strange if this
DO go that thcro should DO such an active demsnd
from Richmond for Consol and 1910 coupons. II
looks TO us very much as if, whou the whole
thing is boilod down it will amount to smoke,
The baltimore and Ohio Company own about
81 OGO eco Of the various loans of the Orange and
alexandria, The Orange, AleIa. u Managsas
and tho Lynchburg and Danville K. Il bonds.
Ihese bonds having been in default of interest
Tor several years. and the most OF thea of nero.
~ nominal value, are now sbouL 10 DO re-estab.
llshed upon an Interest paying basis, and already
command very much advanced pricea. Grange,
Alexandria aud hanssses bonds sold up 10 ST.,
ana Orange aud AiiXs 1.h SIS up to II.