New-York tribune., 1884-02-29
There were no sales Of city

The principal feature of the market for raliroad
bonds was its duness Prices generally show SONIC
concessions. but there is q markeddiyersoD III taVor
Of gold bonds so far as there il any investment
demand. Erie second consols declined per cent
to 03s Chesapeake and Ohio rsts, series A. SOLD al
11101102i; series were l2 OF at
101, and currency Gs were down Is 10
81. The issues Of Missouri, Kansas and Texas
were active; first consos were steady at l0o4@
100, seconds sold up to 702, but closed unchanged
at 20. General IS were of l2 at s23s and and the
general 5s q better at G92i. Canada Southern
first 5s were Il lower at 9s7s. West Shore first
gold 5s were moderately firm at about 5ia5 81 4,
till in the last hour when the usual tactics
Of hammerng the price down were successful
to the extent of marking the closing price o3i2;
aad this was done despite the publicity given 10
the fact that Mr.. William II. Osborn eX-presldent
of the Illinois Central Railroad Company, 10 whom
is due the reconstruction of the Chicago ST. LOUIS
and New .Orrans Railroad (which now is tho
Southern Division of the Illinois entral Company
is the representative of the capitalist who proposes
10 make the West Shore road the best in this c"un-
try. 1t is impossible to say how long vexatlous
and speculative Suits which are more or less lnst
gated by directors of the company no are not true
TO their trust Will hold the property IN chancery
but il NAV be said that all of their efforts will re-
which practically are completed, to place the whole
property a paying basis so far as lts
first charges are concerned, of which the iirst
5s take precedence of all others. st. Louis and
Iron Mountain 5s were up from 75 5l2 to 75@4G75os
East Tennessee, Virginia and Georgia coDsol os
were steady at "a Richmond and Danville hrst 6s
rose Is 70 o. but the debentures were on at 6l d.
Louisville and Nashville general 6s declined y to
92 New-York. Chicago and ST. Louls first Us sold
at 1O4 l2a 1O4 and the seconds at 80 81 raul
irsts. Western and Pacific, weTv up ls
at 957s and the hrsts, Wisconsin and
Minnesota, were higher at "a. Wabash
IS declined 7s to 66, and closed weak The busl-
ness done in Northwestern and Burlington ana
| Quincy debentures small; the prices OF both
were "tender.n Denver, Rio Grande and Western
| frsts were Off lo at 70l2. Kansas Pacific conSols
were - ower at 96. Texas and Pacific incomes we're
! down 12 at 10, and rsts. 10 GTande division were
oil 10 al 72 Northern Pacific irsts were strong at
| 101l201013i despite the action of the CoIPgIEes CP Is
| sonal committee which proposes to forfeit all the
land grant that was not earned hy completed road
July 4, 1879. ,.,o
| 1890 4SO made ZIP by gains of $5S9.26S currency
and $50 ,221 coin: The davis operations covered
Receipts, Sl.2S9 :405; payments S36o ,9lo GIr 9n
esaeS es7. .55e. Sr'""''' @i'''''''O' ..
cent with except onal Oansat % percent. lnesnIu
of So 900 III gold certificates was exchanged for
donhle eagles at the Sub rea -nry to-day. making
q total of gold coin Withdrawn IN the seven 'Ilys
plausible explanation vet offered for the Withdraw
al of gold coin from the Sub-Ireasury III excess OF
| the amount that has been exported IS as follows
| Bankers who expect to be shippers of gold in the
| next ten days or two weeks. and who ANTICIPATE a
scarcity of dbuhle cages Which may occur
any day by the Sub reaSdry paying eoiu ceIIt II
| cafes 1as IL has a right to do in coin of the
denominations of $l0 80, $212 or Sll are saying 10
their banks we expect 20 want 80 many o"uol9
al,ort
with them so that we can get them when wanted
| we will not withdraw our deposits till 1t is neces,
sary; if not We viii draw our DaiahGg iouay anu
nent, while it is not technically violation OF
the Clearing House rule forolddlng spe,
cIal deposits of gold, is pTactlcaily a
security TO the depositor that he shall be paid at
future time in the kind of coin which he now can can
secure. 1t is stated that the Sub treasury hoias
900 900 of double eagles, hut that no security
against its paying the gold certificates II presented
too rapidly in com of lower denominations, SO that
1t might Oo So to Pr0toSOh to the Assay Office with
his small gold CONS and purchase g2ld oafs az
premium of lsd Il per cent. an "peIatlon certsiuy
more profitable tostne Government than that OF
coming double eagles for the express purpose oi
THe Clearing House statement to-day was fol-
lows: Exchanges S10S 1851, 1856; balances, 80 w.
The United States Treasury at Washington TO-
day received $594 900 National bank notes for re-
demptlon. The customs receipts were 1ooc,Ooo'
and the internal revenue receipts S4l .62U. .,
The governors of the Bank of England at thelT
regular weekly meeting to-day made no change III
| tI,e hanks MINIMUM rate of discount, and II re-
| mains af 3lo per cent. During the week the bank
ralned e2f6 900 bullion and the proportion OF its
reserve to it's Liabilities raised from 10 1916 70
1O7s ner cent against 43 Ter cent at this date last
} wear The weekly statement Of the Bank Of France
shows an increase of 2650,000 francs gold, and 9
decrease of 10000 francs silver. AT the LoDd0i
. stock Exchange British consos fluctuated rregu
larv but cioscd unchanged at last evenings prices
1O1 -l6 for money aud 1918 for account unltet
States bonds show no changes-4s at l26l ant
4l5s AT l15}s. Quotations for American railway
RANGED 10 er ; AZ usual, they simply reflected th
changes in Yesterday home markets, anu geheIdi
ruIe below the equivalents of our Yesterdays ng
nres BAR silver as quoted Oft ll6d. a. 81 3-lGd
per ounce At Paris, French per cents declined 4
Tho only feature of the foreign exchange marke
was that the easier condition nj the London mone'
market was egualiZed by an advance for loug Dil
rather than by decline for sight Dllls. we TeXls
ouotations for business as follows; Bankers OILS
Sl S634 and 81 s034 for long and short sterling re
- ectiyeIy: 5.l7ls and 5.15 tor francs; 95ls ant
95s, for reichnarks; 40is and 4O38 for guilders'
RAILROAD EARNINGS.
ST. PAUL AND DULUTH
> 1892 1888 1884
E9%?;: 4 9.g %. l, is$ i5s5 5j.. sj fI4# 5
ILLINOIS CENTRAL.
TR%a T4ss G EeS s@ div 1873 fis Dec
Iowa division -........... l,lG9 6+OO Dec 80
IAN TO FEB 2i...... ls0I,os9 lJ44 800 Dec IoS 20
PENNSYLVANIA.
Lines East Of PHtsburg and Erie.
Mon. Month .t5i%s. Of 5n"say ssss Sss ssbs37
Operating experses...... 22JOn1' @'too=99 @,tV9O9
Ne, earnings ....... siO74,266 $l,l7l,O5s sll06is
Add upsluCt the prOnts
OF iosses-aftor payment