New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-23


6s special tax sold at 2. aud consolidated As at 49,
Tennessee g. new, at 46, and Georgia o. at 1O9.
Louisiana eonsols are quoted at 53afD54, North
Carolina 6s old. 321f bid, and funding acts LIZA
bid, South Carolina non-fundable 6s, 506 Tennes-
see O.. old, 46I204ssi. and Virginia 6s, deferred,
13Ia015. There were no transactions in city bank
stocks.
The special features of the dealing in railroad
bonds the sharp advances in che price OF Lake
Erie and Western incomes from II q to 734975ls'
and in Ohio Central incomes from G1 g to 66i20
659,. Peoria. Decatur and Evansville incomes,
which yesterday rose 5l2 per cent to go, further
advanced to s3l4. but closed at 81 All these sew
era movements are predicated upon the reasonable
belief that hereafter the interest upon the bonds
will be earned and regularly paid. Erie
second consols fuetuated about s. per cent
finally closing at 10O24-a decline of Il per cent
and the funded 5s fell from o612 to &C. These
bonds undoubtedly are suffering III public estima-
ton because the management of the company is
reported to have sought for legal tecbncalIty to
relieve it from the payment of the paltry sum OF
$40 $50 4S interest on its income bonds, which was
due December l, 1850, while the annual report OF
the company shows surplus Of net earnings oil over
81 700 600 over all other annual charges. II Is rea-
sOued and not without some force that since under
the contract the interest the second consolidated
before foreclosure proceedings can be begun,
management which bubbles the payment of
$50 600 interest when il is claimed that ffty-seven
times that amount of net earnings remains after the
payment of all other charges, may ut some future
time regard il for the interest Of the company that
six months or even years interest on the
second consolidated bonds should remain
unpaid. Missouri. Kansas and Texas first
consols were L lower at lila, bat tho
seconds advanced to 1884. and closed at 1913
against 20 yesterday. Boston, Hartford and Ere
frsts. with small transactions rose from % 10 w.
c. C. and I. G.. first assented further declined 10
lO7le but the incomes were steady at ~. Chesa-
peake and Ohio Grsts, series u, were % lower at
COS, uobie and Ohio first debsntures sold ut S4l2
"a Interest OF 3ia per cent payable February Ia de-
cline Of "a per cent-and the second debentures fell
from 80 TO 49, st. Louis and Iron Mountain
first incomes again stronger and rose to 97D
O6at tho second incomes selling at SG'6G SO5l.
New-York Elevated frsts were in demand UP TO
117l2a 117lt, and Metropolitan tirsts were steady
at about 1913. Dealings in other bonds than those
named were ouly small amounts. aud the changes,
where any. were unlmpOrtant.
Todays weekly bank statement is not favorable
exhibit Notwithstanding increase Of 81 73l, 100
IN cash, there is such an expansion II loans
that the surplus Is increased only t92.325. The
following The totals OF tine statement anu
changes of the week:
zee.
natal rr.rryo ....,, s2.s-D1OO Inc. l,72i 100
Surplus reserves el4o,f2o Inc sE,S-o
The Sub-Trcasury to-day lost S770,3i7 on bal
ance made up by coin loss OF $19O,6o'j. less a
currency gain of $50. 300 Money was easy and in
abundant supply at 5d6 per cent, the buk OF the
business being done at per cent, and few excep-
tional loans at per cent. The common rate on
Governments is 4 per cent. The interruption Of
telegraphic communication depryes US Of reports of
weekly statement Of the Treasury at Wash
ngton. The Clearing House statement to-
day is "a follows: For to-day-Exehanges.
week - Exchanges, 1924, 94S.1 S2; balances
S3i.5 72Ol2. Tho transactions ut the Sub-Ireas-
nry to-day covered: Receipts, $500. 121 payments
Si,390,46S; currency balance, Sf.3od,O9o; coin
balance. 500, 730,963.
The foreign exchanges are duh and quotations are
o1.Iaf lAllAt