New-York tribune., 1888-08-31

State bonds werc entirely neglected and there
were no transactions in city bank stocks.
We are always pleased ana ANXIOUS TO lmpart
all possible information relating TO the character
and relative value of securities but we cannot
undertake to account for the differences which
exist in the minds of the public regarding the
is wrong in saying that the Philadelphia and Read
ing As have declined while the income 5s have
advanced The syndicate put the AS out at
81 12; the highest price at wnicn hney nav ;s
az ia large part Of the syndicate offerings
were taken by bankers for the purpose OF selling
to investors at small advance. ~ Is wi'i,,n I'm
our knowledge that some OF the bankers are
selling the As and buying the first 5s, not because
there is anything the matter with the IS. out
because they believe the M ;s IS are Saalv srS anS
Harlem stock 22s bid for while the company''s
first IS are offered at l32 AS TO the merit
of the Reading As compared with Issues ol some
other companies bearing the sane rate OF interest
n mus; BE remembered that all OF Reading
sccnrities for long time have been under n
cloud of misman cement and that the confidence
II them tt s paSS S1orc %, less sn are Ge the direct
.sneo ihe "f'' of the ,S"'' Ncw-York Central and
Hudson Company, which generally is considered as
certain If payment of interest and principi Tor us
ohlications as is the Government. Burlington and
Ouincv Nebraska As are selling at value based
nuor REPUTATION earned IN years eon" BY anl no.
on the mana cement or the last year Ana YET
nonc of these git-cdgcd railway - sell n prices
corresDonding to the price Iof Government Is,
which have only nineteen years 10 run lh,sc
vagarics in the popular cs'mai" OF values ar' 'c
onnortunitics which. justly appreciated, have btcn
tho sourcr OF accumulated wealth. E:ir second Us
hang heavy al 80 1-sa99 IA. and get there now i
lt,c less doubt OF the promi payment oi fhrlr III,
,nrcst Or of their ul lmli" payment OF p.lhcip,i
than there il Of the payment oi central ana hug
ION bonds: bat the rccoriS "f rasi yoars oi w:rck-
inc and Of imiccllc management SIN aicri pHnh'
confidence although today the coTPanys man.
onnmrrt Is unsurpassed in ahilitv AMI integrity hv
that Of any other company in IN" country. me
ruhlic seems 10 be- slow In apprccia'Ing th'
change from GOOD reckless mnna agcmcn. - II is
that from incOmpcfcncy 7" ahl!ltN. licnc' 'h'
present market values OF Burlington ana quincy
Eoh-asl;a As and Of Eric second is. To-day bond
dc.Iinrs nrc,rnfcd no nov features. Tn marker
rencraly ruled firm. Pi!ihdelphla and Eradirg
second and third incomes wrrc so.f OIL som" - u
mar, of the cfTcr deprcss sock values but my
made good recoverics on III" appearance oi "a mod
crate demand. reference j. ihiuc 10 our iuh IT,
Do-t Of bond sales - -
or unlisted securities dealt in at tho Stock En-
cbanre. Cotton Seed Oil certificates sold 900 NJ
~ 4a37 . Chicago Gas l2so0l at 35a36a3J,
Iebiph and Wilkesbarrc Coal 200 at 20 l-2a2l
Western Union IS (sl, 900 at 96 Is. brunswick
Company (20O) at II is. kingston ana Pembroke
IRON n OO) at So so. and Mount Desert Land I2OO)
Money continues in abundant supply. hut the
majority of business done to-day was at per cent
the rates ranged between l-o and per cent and
closed -2ao per cent. .
follows: Exchanges. ss7,O47o5o; balances.
The Sub Treasury TO-DAY was debtor at the
Clearing House s32s.272. It's net gain on balance
was 1881 .I23. made up by q gain OF S563.40 coin
less currency loss OF <l2, ,076 Ihe days opera
SI.5ss.7Ss; resulting in . general balance 81
S6tIN