New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-03
BIZ. ASKED
loo 1ODl

In State bonds the business was confined n -
of Tennessee 6s at a0is05O-a decline OF o. -
cent-and of North Carolina special taxes n, > -
city bank stocks twenty shares OF Nassau LII VI
1913.
The dealings In railroad bonds TODAY cov...s
larger than usual variety of sues but thew
were of retail character. Prices generaIlv -.
lower, but in late transactions there were so,.. -
coveries. Erie second consOls declined from ooz !.
99is and closed at 99ss Chesapeake and 1iio a..
series Is were off a at S6i2, and currency a.,
were down 1 per cent at 81. Canada son,h.--
firsts declined to 92l2 and recovered to Oh ~
Louis and Iron Mountain new IS sold at III. !.
zig per cent interest, against SOS Saturday New
York Elevated frsts were off z at 1919. and Me-
roDotan trsts declined L. to 09i2, the second.
being steady at 90. New-York Chicago and 8.
Louis firsts were off liz at 90i2 East Tennespe
Virginia and Georgia IS were steady at II u. ana
the incomes declined ga to 40ai, and kichmond and
Danville debentures IS sold at 73a724 ex-interest
against 76l4 Saturday. Texas and Pacific incomss
declined from 81 q 10 81 and frsts Rio Grande Div
sion, after declining "a to 81 2 recovered to s24
North Pacific frsts were q lower at 1891. Messu
Drexel. Morgan & Co.. Winslow, Lanier Il ca
and August Belmont have given notice to TIA
Northern Pacific Railroad Company that they will
take the $5,000,00O bonds the option for which ex.
pires to-day. under their contract; this amour: ia
i'll addition to the $25, 900 before taken TIA
option remains to take $40, 100000 more.
The Sub-Treasury to-day lost on Oalano
1882, 9l2 made up by losses of $298.6s5 curreney
and S243, 224 coin. That makes the total loo
since Friday 1854, 59S. To-day's transactions GOV.
cred: Receipts ~, 7Ol, 955: payments includngs
part of the October interest on the As aud er.
elusive of checks given for S199 207 for bonds aud
interest of the 116th and 117th calls g. "a se7,
currency balance $3,999,3 coin baIancs
$s7 631 300. Money on call during the early hour,
ruled at $40 per cent but borrowers Who ven
calculating on the interest money from the ireAsary
making easier rates later were dissp
pointed and during the last hour the
rates ruled from 10 to 20 De,
cent the final loan in the Stock Exchange was at
Is per cent, but some borrowers unsupplied at
the closing hour and had to look for accommodates
after bank hours Mercantile paper is practically
Unacceptable except such passes at bank foe
dealers that the banks are bound TO respect It
begins TO be apparent that the new (Kernanl IN.
terest law is working an injury to the mercantile
interest because it permits timid lenders to do
legally that on one class OF cOllateTals which 1t
illegal to do upon another class hence by the per.
mission Of the new law high rates attract to the
Stock Exchange money that ordinarily has gone
into mercantile paper, and almost utterly destroys
the market for that kind of collateral The domes-
TIC exchanges In New-York are as last quoted.
The following Is the public debt statement issued
October q 1882, compared with that of September l.
1882: