New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-05

Among State bonds Louisiana cons0ls were strong
and advanced to 70. Tennessees were irregular;
Is were u higher at Ale, and the compromise
bonds. after advancing per cent to 40, again sold
at A. Missouri 6s 1856, sold at 106l 1882 at
lO7lo aud 1880 or 1890 at 1l0A. Alabama class
A. brought IS. Arkansas State Aid bonds were
irregular; Fort Smith issue sold at 34G35. and
Pine Bluff at 81. The Lille Rock Gazette, In referring
to the recent decision of the United States Circuit
Court relating TO the Arkansas State Aid bonds,
says;
The railroad aid bonds were by the state under
the act OF 1868. They were accepted and used Dy
five railroad companies, 20 which the following issues OF
~ 100000; Little Rock, Pine Bu6 and New-Orleans'
81 100000 Mississippi Ouacliia and Red River
S6OOoo0 Mengni az, am 200 Total 81 s5S 600
The Memphis aud Little Rock Railroad Company OWLS
and holds s93s 600 OF the u 700 ooads 0lisihay
issued to that corporation aud the bonds owned ana
held By the Little Rock and Fort smith Railway
Company aInounJ to SGi4 OOO These bonds we're
purchased upon advice OF couse at very low
ngures with view OF hedging against possible de-
osion by the holding the railroads and not the
state liable Tor the bonds issued 10 tnose Corporations
The remainder outstanding OF tine railway corpora
which IA understood 20 be bad cOndltonaro thor
oughly responsible, and fully able to lqudaLe the
explaned have taken the precauton 10 provide rs
10 mako settlement easy should the recent decision be
And of This there seems little doubt The law and the
facts appear be conclusive o. MI points The ques-
Ia liz people Of Arkansas OF the railroad bonds author
led under the OF 1863. the issue TO the railroads
gere gated IS 100000 They form part oil the grand
total OF Sl3OOO0OO for years past III dispute, ana 70
prevent tho payment OF which the proposed " Amend
ent No Ito the Constitution Ot the State OF Arkansas
was and submitted TO The qualified electors 1850
OF CITY bank stocks thirty-six shares of Fourth
National sold at 1913.
The railroad bond market for speculative issues
generally sympathized with the higher prices made
for shares, but except in few issues the business
was of retail character. Erie second con-
soils were l., higher at o.. Rome, Water
town ana Ogienburg new os We're Ii2
Iover MT 73l2, and Chesapeake and ONO
Grsts series b. declined Ia to soil Canada Southern
0rsts were easier ut but New-fork Chicago and
- Iouis Grsts rose per cent to OF. Richmond and
Donyille debentures were los lower at 6Ois0 6Oi2.
and East Tennessee, Virginia and Georgia incomes
.ro nm I ner cent Mt 407s ST. Paul c0nsOls were
49, ~ 12b Denver and Rio Grande irsts sold
ar 1O70 lO70s and consols at 81. texas ana
Pacific hrsts. RioGrande DIVISION were active up
To S4is and New-Orleans and Pacilc hrsts after an
advance OF Il to 81 hnaly closed AT oo'e' NorVherh
Pacific tirsts we're easier at lO2. -
The sub Treasury to-day lost S2179 on bal
ance made up by coin loss OF ~ ooy, less cur
eoyered Recelpts 81 $50 800; payments $l,76S,-
053; currency balance. $5,07S,O9lj coin balance
$ll2,009,273. Including tocdays Cpoos,oVoI, 'nS
totaI redemption ut the nb-Ireasury OF bond OF
the 9TH and succeeding calls amounts TO @39..
GsS $50 Washington dispatch says that
to-day the Treasury balances are down to $llZ,ee
600 600 : that simply confirms the correctness OF
the method employed in the analysis OF the Treas
nrer's statement published in to-days TRIBUNE;
While money was easy enough to-day 1t worked
closer than it dld yesterday; the range Tor call
loans was 4loG6, with final business at
sharp 8 per cent The domestic exchanges
ON New-York at tho places named are quoted
ma follows: Savannah aud Charleston eaoh
!, discount TO par; New-Oreans. ~ 70 ~ 40 uis-
eount for commercial aud par for bank 81. Louis,
rs cents discount: Chicago, 20 cents premium;
Rosron par to 3 cents premium. F.,
The Clearing House statement to-day is as lol-
lows: Exchanges, $i43,4030lli balances
9tba United States Treasurer at Washington to-
day received 1888 900 National bank notes tcr re-
demntion The customs receipts were VI, l6l,eOl,
and The internal revenue receipts sos, 436. -,
The foreign exchanges aTeiduu but strong. we
onnte rates for business follows: Bankers bills.
HI sol, and 4 S4i2 for long and short sterling re,
snectiveiy; 3 227s and 5l94 for francs; 94h2 ana
o53s for reichmarks 30aa and 40 for guilders.
The governors of the Bank of England az their
regular weekly meeting to-day made no change III
the banks minimum rate for discounts, ana IL re-
mains at percent. During the week the bank lost
only f45 900 bullion but the proportion OF reserve
10 it's liabilities was reduced from 80 l-l0
to 297s per cent, against 3lys per cent
at this date III 1882. To-day the bank gained
f6. 900 bullion on balance. The weekly statement
of the Bank France shows an increase OF v,oIoOOo
francs gold and $500 900 francs silver Attne Lon