New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-08-10

The Treasury purchased $4,000 1-2s at
l06 rs and rejected offers of 500, $50 at 12S 3-S.
In State bonds there were sales OF Louisiana
consol As at 90 H and OF hen9es soc Fdne4
National lj3j sold at 1871
The general bond market was fairly active and
strong Chesapeake and Ohio new % held yes
terday's advance, and despite some heavy real,
ling of speculative holdings at 1913 5-S and
1903 "a closed at l04. Richmond ana
Allegheny first receipts were quiet and
SO 3-4a36 rs Missouri, Kansas and Texas gen
eral Is were firm at 81 l2 and the 5s at ~ -
but the consol Is declined TO o.. The Union
Trust Company, as trustee, has issued circular
letter 10 the holders of the Is, inviting sumclcnt
number Of the holders 70 make formal declaration
of their desire that the trustee should take pos
session OF The portion of the road covered by the
lien of the ! per cent mortgage and operate Ii
separately from the southern division for the
benefit of the Z per cent bondholders until Il IS
sold under foreclosure This proposition PROBABLY Is
entirely within the legal rights of the per cena
Dondholders. But 1t is to be assumed that the
object of the bondholders is to secure the most
money for their rights possible. The radical ne
tiOn proposed will disln egrate the road. Before
that is done 1t is advisable that the bondhoiders
should comprehend the full purpOCrt Of
commission appointed to adjust the earn
ings OF the whole road on an equitable
basis 10 the different sections of the road, and to
understand the bearings of the new connccln IN
secured By the stockholders between Kans,s City,
and the southern division OF the Missouri, Kansas
and Texas ii may De mat the stockholders nave
outwit.cd the consolidated Is by smart stroke Of
policy. If they have, no interest is so deeply
affected by the sharp practice as that of the Sc
curity-hoders on the northern portion Of the road
1t is a subject worth examining before leaping in
the dark, particularly as there probably is an
outside interest anXiously waiting for dis
indignation of the property to be able to buy
each portion separately at its own figures. Look
before YOU leap. Successful Steve Brodie al
ways does Texas Pacific first 5s were active
ana strong uD 70 90 rs and the seconds to
~ al reference I'm
report of bond sales.
As usual on Friday, when money IS working
little harder, tO-days local money market again
exhibited the folly Of the Stock Exchange rule
that loans made Fridays must stand till Monday.
On all Friday the rule turns millions of lOlnable
money ont of the Stock Exchange There was no
other reason why money to-day loaned up to 3
per cent; a little at per cent. The bulk OF the
business was done AZ 3a3 - per cent; later Mt
4a5 per cent, but finally at per cent, and at the
close the offerings were at per cent.
The Clearing House statement to-day was as
follows: Exchanges S96,52l,275; balances,
3d. 7,j72
Clearing House s6o4, 500 The business Of the
Sub Treasury for the week ended tonight in
cudeS receipts Of Sl6,03l,l and payments of
sI6402, Gao, leaving the general balance az
showing an apparent loss OF SAC IA Bur. DE-
Quoting from the payments sl.763,oO0 for iten>
which affect only It's account with the General
Treasury It's gain as affecting The b1niIo j.
II ,3Ol, &c And this result includes the pay
mrnf ~ sos 300 for purchased bonds To-day
operations covered Receipts s2,39' $40; pay
mcuts .776 300 with balance, OF 81 -, S96 $50
coin and sci ,023, 75i currency.
REPORTS FROM WASHINGTON.
The United States Treasurer at Washington re-
ceiycd to-day S20j476 NATIONAL banl; notes for
redemption.
The customs rcceintS were 500, GOA and the
internal revenue receipts were S7GO430.
To-days Washington Treasury stat menh of cash
on hand and deposits in banks compares with the
figures OF the last previous statement as follows
Net cold OH hand sls oBg sls2 3aT 32 Inc s57 900
hand 81 1850 go % O03 246 Dec 1853 dig
Net lcgal.tcnders
hund-...-.-. 3O.ShO 100 3l,ibI,sl2 l17O77
Actual cash In
Treasury vaults
over oufFfand.
Ing certificates s24S o75 $50 s14545777O Inc sls1 Os
Deposits in banks 42.3ls0f4 Al99l,7ls Dec. 326 32O
Net cash balances 2s 500 s33 sos De sl4i 845
The foreign exchanges were duh and irregular.