New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-15

81 Asked - o.. too, Bd; A'Nel
Ss s,i s5ir ooa ll9 i5 cur cur IS
Is t,t5 so i53 e , cur g. s. s
I. = cent, LODE Oisr Col 5-61s.-ll@
The business in State bonds included Louisiana
consols at rs and Tennessee IS at 44l2. mere
were no transactions in city bank stocks, out an
effort to sell a small lot of Metropolitan under the
rule resulted in its being offered down 10 20, WILL
out a bid against sales yesterday ar loO.
Business in railroad bonds generally was small
and limited to a ew issues; but enough was Done
to SHOW that any pressure 10 sen any IN sRare
market. The feature of the day was the sharp de-
cline in East Tennessee, Virginia AND Georgia con-
due to the failure of the Metropolitan Bank,
and in the furry and ack Of investment
for anything, the fact that the company Is earning
a good deal more than the interest on those bonds
counted as nothing against the probability that
some one will have TO sell a lot OF them at any
price. For the sane reason Ohio Central River a.
vision first IS carrying 10 per cent unpaid interest
declined to ). West shore and Buffalo first 0s
fell from 50l2 TO 4704Sls. Erie second consols de-
clined from 63l2 to 594G6l. Missouri, Kan.
sas and Texas general 80 were OIL per cent
at go. New-Jersey Central cODsols were
down 3 per cent at 1O9. Chesa peake and Ohio cur
rency Is were off from 45 to 1910. Canada South
ern first IS were steady at 100. and st. LOUIS and
Iron Mountain 5s declined per cent to 30. Metro
poltan Elevated tirsts were OFF p at loOl2. New
York, Chicago and 1t. Louis first o. dropped per
cent to 100. Richmond and Dauyllle hrsts were
per cent lower at 80. ST. Paul hrsts Pachc ana
Western were off per cent at 30 NORTHWESTERN de-
bentuTe 5sdeclined 4to93Sl, and chicago bIr6ing-
ton and Quincy debenture 5s were p lower al 93d4
sale OF only 81, 900 Wabash general 6s marks
decline of jIs 10 80. Denver and Rio Grande con,
soils, after 54.at % show decline OF per cen asd
trsts. Western Extension, were down 51s at 3SoS
Texas and Pacific incomes declined per cent 10 %,
and frsts Rio Grande division, sold at 54d 5OG d.
against 591 yesterday Northern Pacific hrsts after
a fall of l per cent 10 103os sold at lO4. 49,
The Sub Treasury to-day lost on balance $39l,-
Ola, made up b{ currency loss Oh 9otli o. deS9
ever probably is more apparent than real, because
il covers the payment of legal-tender certificates
and simply reduces the amount OF trust tunds
held by the Treasury which should not inquire III
tbe Treasurv's general statements either as cash
on hand or liabilities. The days business
covered: Receipts, 81, 1921; payments 81 ;14O-
765; currency balance. S9l36,752; coin balance
As natural consequence of the decentralization of
prices for securities the disturbance OF almost every
loan in the street, and the usually sheeplsh char-
acter at critical moments of bank management
that with fair winds is holder than hon the local
money market to-day was stringent, .Early renew
ais were made at . per cent-nOthlng less-but
when the new borrowing began the rate quickly
advanced to l. per cent per diem, and from
cent After 3 O'Clock Dig premium and per cent
interest per annum we're DID ana not supplied al
the Exchange. II IL understood that the Treasury,
vii its usual prOmDtness 10 respond to all street
needs will order the payment, without rebate Of IN
rerest of all unmatured called bonds We are not
certain that this is fact but it's rumOr. An offer
seutatiOn might with prOprlety be made without
harm TO the Treasury. If the holders of the bonds
please 10 accept that for the sake OF taking the tenn
p0rary large interest offered at the stock Exchange
there is no objection TO 1t but there Is no reason
whv the Government for the whole people should
offer an additional premium 10 them TO do so. There
is no necessity for 1t. and If there there Is
principle involved that no competent hnancler
would violate We commend 70 the Treasury De-
nartmen t the history of the four years sequel to
the $40 600 600 legal-tendeT expansion Of 1873.
The Clearing House statement to-day was as fol-
lows: Exchanges, S14l 67O,OO4; balances 1890
0s3
The United States Treasury at Washington to-
dav received S52l 900 National bank notes for re-
demptiOn. The customs receipts were pII4, 4Oo,
and the internal revenue receipts 81 $685.
The events of the day restricted dealings IN for
eign exchange to the smallest limits; It must be
quoted weak, but there was no change IN actual
rates for business, except in commercial bills, the
BUYERS of which took advantage of the situation
to cover a concession. We quote Bankers bills,
81 s7l4 and 81 S9l2 for long and short sterling
respectIvelv: 5.178s and 5.15 for francs 95ls and
g55s for reIchmarks; 40lt and 4OI2 for gullders.
lower at 1O1 7-l6 and 101 9-l6 respectively for
money and account. United States bonds were
unchanged at 125ls for A and 10 for 4l2s.
American railways followed the home markets and
to-day showed the same relations TO yesterday ;
last home prices as they did Yesterday Central
and HudsOn's first price the
equivalent of 1874 against III here last evening,
and Lake Shores first quotation was the equivalent
of COL, here against our yesterdays last price OF
Q2l, OF course the London market could not fol-
opene,; !: already was o'clock IN London, but the
closing quotations there were all lower than at the
opeuing India Council bills We're allotted at 1-l6d.
per rupee decline. he Bank of England gained
change on London rose 10 25.17l2 franc sto thee
railroad EARNINGS