New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-10
CLOSING PRICES or BOSTON STOCKS
Boston Sent O. 1SoO
TREASURY MATTERS.

IKEASt III MA iT'NS
Tuesday, Sept. a-p. m.
Tberc seems 10 be an erroneous impression
abroad AZ TO the couvertibuity Of the new full
lcral.tlnder notes created and issued solely in
pavurnt Of silver purchased under the act oil
Julv 49, They arc not convertible into GOLD
coin or gold certificates at the option OF the
boldcr They arr "coin" notes, Convcrtlhc mo
either gold coin or silver standard dollars at the
ontjon of the Treasury, and not on the DEMAND
of the holder.
Tomorrow the Treasury and all the Sub-rreas-
nr,s Of the country willNbegn prepayment, OF
the interest, without rebate. TO become due ON
the registered 4 per cents January ]. April ana
July |, and four coupons on The coupon per
cent bonds. The October. January. April and
July coupons are payable on presentation TO any
kub.Trca,ury. The next January. April and
July interests on tie registered bonds are payable
on presentation Of the bonds " be stamped. h'"r-
est paid TO July !, 1891. The nrN October /
interest is payable only Ia the holders OF Tine
bonds Ut the closing Of the transfer books. Oh
Septcplcr ], and Will be paid by rscck as soon
AS the books can br made mp probably a"on"
September 22 Holders Of the per cent bonds.
both Of great and small amounts. "No
NAV imagine that they do not Know
wlnt 10 do with the money if they accept the
of trust companies and savings banks which VIII
NAY them ia per cent on their deposits, INNS
for the next nine months increasing their Ill
comes.
The redemption OF the IL per cents under
the last Treasury call are still slow. Yet the n
dcmptions to date have amounted to un"nt o.
600 900, Of which, however, nearly S3,oooo""
ha, lccn by a surrender OF note circulation by
National banks. As was the case With the pTece"'
ing call for $?O,VOo,000 IL per cents, we en-
trrtain no doub, that IN the last few days pTrcd-
ing the expiration Of the option. Sp,%,n%f ~,
there Will 6e general rush TO secure redemption
and that sUue holders VIII he disappointed IN ~
inv to late. The Treasury offer to-day Is :" n:
fare and interest to u,aturitt Holders of
the 4 ID per cents, hr they institutions or ldi'
vi,!uals, may collect immediately all that Will ~
due OH September /, 1891. ana Tor M'k oi
know ledge of what Ia DO with the money may
deposit it III Il trust company. which viii pay
:; or pr cent interest on The deposit, tihs
compounding the interest due December !. 1870
The onrr viii expire September 20. and only
less than an additional &lj,ooo.ooo bonds can
lie redeemed under IT.
regard 10 the immediate effect on The money
market OF the passage VI the new Lam n''i
hy TIM Withdrawals of goods from The bonded
warehouses, IT Is Instructive W no'c a"n, I'M
total value Of imported goods remaining ~ b'nHr'
warehouses on August /. 1880. MAS 50 ,"''',"'"
This includes all the ports OF Tn" ni'rd H'.'r.
fair pr"por,l3n OF the goods h"io III "", ,,
warehotises will, by the new bill, go oitn vi"
free LIST ~ tiai tie withdrawal ot 'iht proper
ton will he delayed instead Of FASTENED by the
passage of the new tariff But 10 hiusll'N
what a srare.crow is attempted ~ he built OH u
fiction. il may lie said that during the lael i"uf
weeks the port Of Ncw-York alone has paid the
duties On $35.6o0,oo0 OF imported goods or
within al o 600 900 Of the total amount held III
ali the bonded warehouses Of the whole country.
TWIN FACTS
The Cleveland. Cincinnati. Chicago and 81.
Louis Railroad Company in the first year oil rs
consolidation made liberal eApendi'mTrs iIoa ms
il. wear. ended June 50. 1890. nearly = per cent
rs earned on it's common stock. Since then the
ca pital stock llas been increased from x:o.;m41Ho
Il, sos 600 900, for the purpose ol paying Tor inc
nj rcbuee Of connecting lines II begins iis second
fiscal year By showing for the month OF July II
surplus over all charges Of ~ ns.Ol3: aph'hA!
G..r6 for July, lss"-a gain Of S:5,'@", or over
the Atclson, Topeka and Santa r. Railroad
statement for the year ended July 80. 1880. Tor
the sake of comparison l'GGeS .r r'iIro,%s
THE statement Is printed below: FOR the iirs'
month Of it's fiscal year Jnly the whole s$Ss n.
shows net earnings OF $''s'S0o' %gaha S", w.,
rntc of nearly 81 900, 900 gain for the year Inc
gross earnings for the month OF August TINS year
I,wrnty-six working days, were SS,l9',;:i !.
against S2,ao7,47l for twcnty,scvcn working days
in August. 1850, gain Of $4o7.75o. Allowing
for the extra Snnhy in the gonth. Of this year
tho months gain was over S63OoOo. Yer no
.mnner Yesterday were the earnings for tho ionr'h
,ycct of Augusta short wccls--pubshed. show
Ing "A gain Of $lS4,431. Than tiIr nrsprrauos .!
the Speculation realized the necessity .,oc OF
~ ,Lc com many and marking il of from AZ Ia
IN al "A In short order In these twin facts there
are volumes Of information aS " the character
NJ The stock market Ind u the desperation whlch
temporarily comforts quotations.
DULL STOCK MARKET.
The days speculation in stoc'~-lf II may
bc called that, when a iew proiesslchals
, ahe laundry : busneSs-was as dull as usual.
Tie Trial transactions IN the general de-
nar,n,ent aggregated only 900 shares, against
pnI xai Yesterday and for the unlisted depart
mcnt 20.9I0, against 81 ,300-total i6s,o34,
against Is6,761. But There seemed to De some
hestntion on the part Of the leading prniessionlS
in following up their seeming advantage OF yes
ta,d"v THEY. better than any one else. knew
INV much il cost in the way OF an enlarged
" Slot" interest 70 mark yesterdays depression
A. no oneninc IL was Chicago (ios that was nahc
tho sn.c;ai point Of attack. and minors were cur
rent that the city OF Chicago wonlu nre'h quo
warranto proceedings against the COMPANY. II IS
70 ,a ho,Sd TINT the prOpOscd proceedings will
he brought ~ an end before 1892, because city
without Illuminating gas will prove TO lNr poor
ulsc" FOR IN" holding Of tie Columbian lntrrna;;
tionnl Fair The general market. however, ruled
strong all the way out. burlington eng quincy
and Rock Island were sPverll tiucs la'oSu, ",s
was Withdrawn Money wns manipulated at tho
latOrs. Including some officers OF National hanks
were 80 anxious to purchaac stocks chat II hnd
little or no in1uence on the 9na, prioes: .,, 4,
.,...I a.. .,.n.1 80. .x.,i,, AtxiAend Of 2