Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1881-03-14
MONETARY AND COMMERCIAL,

FlRGtE1A BcNrs, &C.-J. q. Hsmbletoa Co.'S
| BsltiEnorn Financial Circular Of Saturday lss,
| says:
| Virsitia boats ware du'l end inactive. Trans.
aclions were lhl! Gud prices we're of aheu! one
| oer ceui. Cclso's Gpenel &. e3l and declined To
81 end sgain aGvarc.d TO SCI Tcn.forties sold
| from IS down 10 52 Ptals,s brcu2bt 333 Vir.
gnia deferred Isl and lG Consol c>upons "a
| and 10 DC coupons IS. Vireiuia ccnso,s, which
| hsvo advanced from s. TO ST with scarcely re-
| ac:ion, sre now selling At about 50. For the
PAST Blk months these bonds have been purchased
continuously for foreign account, ard many ii.
| lions OF Them have been thus Withdrawn from
our market. 1t is O notorious fact that the Vir.
GINA holders have long since sold cut and VIC
may say that very fow bonds are now held BY
| our people, Ten. fortie3 are held largely by our
own people, and sro also bought with much
confidence by Virginia investors Unless some
more decided stand is taken in Virginia politics,
IN regard to the debt tho market value Of Wiz.
glnls bonds and especially Of consola in our
OPINION will be seriously effected. ard wo have
ADVISED our readers thst tho III DO bonds hsvin q
soVsnced 80 much less than consols arc the
safest to hold.
K. Il. Maury Sc Co.'S. Richmond circular Of
same date says:
Virginia coupons wero to-day relieved of the
tax imposed by tho State, when rendered for
tsXes and both classes are now received at thar
iace value. This must DO worry pleasing 10 the
holders OF the consol bonds, for i; Gas had a
happy elect upon the prices, and they marked q
rise OF per cent to-day. We expec. to see
coupons fetch very much higher figures than
heretofore, and those who have any amount of
ta1os to pay, would do vol to supply their
wants at present quotations. The amount of taxes
&c bepaid before June 31Lh. next. is about ST.,
0COUOO. There were only $7j0. 0J0 coupons out.
standing in February last, since which lime Of
course many have been taken in. Thus tho
supply is loss than half tho amount which can
DO used. 1t would seem that the bears are
again at work with the bonds to cover shortages
made during tho autumn months, the greater
part OF which are still uncovered. We cannot
ascroe any reason for the decline except the
aooVo and the unisvorsble effect of tho Eau.
quier resolutonH, and should they still continue
10 BIO depressed, We would advise purchases, az
we feel confident of higher figures in the near
future. 1t is worthy Of note that all classes Of
Virginia bonds held their own with romsrksble
pertinscity during the lsto stringent money
marko. At present rates the consols paw sbont
tS per cent upon their prica. and as ali sound
securities, which pay anything like that rate,
are rapidly advancing, We would not be am
prsed to sec these bond reach %, Tho 10 DO,
arc certainly the cheapest of tho two. for their
rate ot interest lIcressos 20 3 por cent upon the
investment after the next eight years. and sf.or
wards it IS still further increased TO 10 per cont.
Very little has boon doing in tho poelors, and
there seoms TO BIO disposition in somo of Tho
markets 10 sell short.