Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1881-08-29
MONETARY AND COMMERCIAL

| VIRGINIA BoNrs. SC.-J. 4. HsrabeLon Co.
| Baltimore Financial Ci5cular Of Saturday las,
! says:
~ he feature Ct tho .asgl;el was Eh2 hocile in
Virgins toEd4, and TIC removed activity in
these securities We have every raasoa - lock
| for very nciivo msrstt ior Virginia bond: be
tween now AID Novauie1 Virgins ConEols
| SOFA ftoT ~ down 10 1T with subsequent rally
to ~. There was very little demsnu for Con-
solS, ard in'y yeldei quickly to small sales
As VIC have eYplsined ietofe the strength Of
Consols heretofore has been in tho largo orders
TO buy fer foreign account. II tais support were
Withdrawn, winch tic cour5a q, tho market dur
ing the psst weok would irdlcs.e C0nsols would
undoubtedly decline. and no would not b3 srr-
prised u sos them sell at 20 Or lcwar It s rsti
mated that more than one half of the Sl4 0l0 eco
Consois arc held abroad. Up to the preseo,
time here are no signs OF sny orders &c soil from
TINS direction. and We haze no doubt that the
great majority of them will be permanently
helc, hul there sro 20 doubt largo SmCunts Of
lh6m which have been purchased spotulGtiVely,
and which may be SAINT over for sale In the
present condition Of our market any attempt to
sell would cause quick and decided break in
prices. Ion Forties are hsld principally at homo
that 49, IN this country. unfortunately verv few,
II any OF the Virginia bonds are held in that
Stste) but they are selling at comparatively low
l2ures, and there is lees room for o decline than
IN Consols 20 they are held with moro confidence.
", ,ISA
Coupons in tsir demand ~ 92t
Il. u. Maury Goa, Richmond fusa cial cir
cular Of Saturday Gays:
Since our last writing, Virginia securities Of
oil classes havo been weaker, and ugon but small
aaIes haVo declined considerably. During tho
political campaign there seems bat little disposi.
tloh to buy, and unlees fresh orders come from
abroad, 1t Is not likely that they will show much
Strength unll! there Is general rally in the en-.
lire lnarket Peelors saem more stCu!ly tu,-
tsined than any OF the others, as it ia generally
oelevtd that they are fNvorably regarded by
both parties. and that even if the Ee-adiustcrs
come into power. something substantial will be
dome Tor iheso much neglected creditorswho have
0oen without their interest so long, while the on.
vid Consols and Te2.Forlits have boon .Anioyinp
the advantages OF the self collecting coupons,
here is now nearly half million Of money in
tho State treasury, and what better could be done
win II Than to pay part, at least, to these I'M
fortunate bondholders, mcst Ct whom gro uroba
bly, our own people and many widows and or.
phans in dire need Of their interest Additional
strength Is given these bonds also By tho fact
that there is b small an amount ouLstspdinr-
less than two and half mIlicns-all of tho others
having been heretofore retired and cancelled
through the operations OF the Sinking Fund. And
also by tho expo c!slion that ths neYl Leai,ls,ufo
whether Funder or Resdluttsr, will give auth.
otIty Tor converting all OF tho assets OF tho Sink.
ing Fund into money-they would now resize
about two lGillions Of dolars-io be- used in re.
firing The whole of these bonds and other obi.
cations Of the State. We think The bonds of all
classes are desirable purchases at present prices
especial " Peelers and Ten. Forlies and thst
those who buy now will be ablo 10 sell at much
better prices IN tho Fall. II is possible Thai IIon
soils may decline somewhat farther, but we *.
pecL to see Ton-Forties steady and Peelors sd.
Vancing within the near iutura.
In sdvnnc CO OF the publication of tho Auditors
repor! for tho year ending September, lSSJ 5e
are able, through the courtesy Of the cftrers Of
tina! department. TO present our friends with the
following oticial stats ont OF the amounts of tbe
assessed tslea named for thu yosrH 1870 and
$50. ''