New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-10
THE DAY IN THE BOND MARKET.

state issues were wholly neglected, and the
only sale Of city bank stocks was Western Ma
tional Q0) at no.
There was little to be said of the general bond
market. Reported transactions amounted to
only about $775,0O0 at par value against about
ST. 325 900 yesterday. The dullness was so great
that final changes were Of no consequence These
were usually fractional. but the course Of prices
could have been changed easily by little buy
ing or selling. Atchison general As were firm at
G9% and A seconds advanced to 34R@34 Erie
second consols were neglected at 20. Missouri
Kansas and Texas seconds We're IN demand ana
few special issues made larger changes, but
they offered no greater significance. Reference
is made to our full report Of bond sales
Money on call was in excessive supply at
about ! per cent.
The Clearing House statement was as follows:
Exchanges. 500. s23 6S5; balances. s6,099,334
The Sub-Treasury was debtor to the Clearing
House $741524 Its net gain on balance was 81
74s.s56 made up by gains of $l.6ooos6 In coin and
s4s 6o in currency The days ms en- IN
resulting in a general balance Of s90,9S21lO con-
sisting Of s6l,4ss66S coin and S29492442 currency
The foreign exchanges were quiet and strong
Rates on London and Paris were higher and on
German points unchanged. Bank rates in Hol-
land were reduced from 3ls to 3 per cent, and
in Germany from to per cent. Street rates
indicated a further reduction. Following are
quotations for actual business: Bankers bills,
81 84A QS4 S. and 81 S61s for both long and short
sterling respectively: French francs, 51S%6
5.19as and 517hG5l67s; reichsmarks s47sQ95 and
IS 7-16Q95h.
In London British consols declined further u
per cent to 9S 9-16 for money, and 1-l6 to $685.
for the account. The Bank Of England gained
1000 bullion on balance In the open market
money steady at about 19s per cent for
discounts, and easy at 1Q1Asper cent for daily
31Ad. an ounce. Gold was In moderate demand.
American railway shares were weak until near
the close, when there were fractional rallies.
The market displayed, however. no pronounced
tendencies. At Paris French per cents fell 10
97671a. but closed unchanged at $3.50. Sight ex-
change on Paris was still 25.17 francs TO the
sterling.
'"The Commercial and Financial Chronicle"
has issued its f1fty-seventh bound volume, en-
bracing weekly numbers from July to January
/. THE Chronicle is 50 we'll known as an au-
thority on financial subjects that its value to
investors. bankers and spectators Is almost in
calculable.
The following committees. representing holders
Of Atchson, Topeka and Santa Fe and St Louis
and San Francisco Railroad companies bonds
will be announced tomorrow morning: For
the Atchison: Edward King Of the Union Trust
Company; Louis Fitzgerald. Of the Mercantile
Trust Company; Edward W. Gibbs. Of the New
York Life Insurance Company; George f. Crane
of Barring. Magoun & Co.: Peter Geddes. OF
Geddes e. Smith, and Henry L. Higgnson OF
Lee. Hgginson Co. Boston. For the ST.
Louis and San Francisco road: Louis Fitzgerald
and Edward King. with Isaac n. Seligman, OF
J. and w Seligman & Co; Ernst Thamann. Of
Ladenberg. Thalmann & Co., and Samuel d.
Davis of S. d. Davis & Co. This central com.
mittee already has in Mr. Higginson a representa-
tive Of the Boston committee. and hopes soon to
add London and Amsterdam.
second nesting Of the holdeps OF first
mort gage bonds Of the Chicago and Northern Pa
cifc Railroad Company IL called for Wednes-
day. January II. to be held at the Central Ma
tional Bank In Philadelphia, at 1890 p. IN. The
call is issued by George NJ. Troutman, Henry
w. Brown and Evans r. Dick
In view Of the default which has taken place
in the payment OF interest due January J. 1894
on the first consolidated mortgage per cent
bonds OF the Louisville. Evansville and St. Louis
Consolidated Railroad Company. Charles s.
Farchild James Stilman. Thomas Barrett
William l.. Bull, and George p. Holman have
at the request Of the holders Of a very large
amount OF above bonds been appointed a com
mittee to take such action as may be deemed
necessary for the protection Of their interests
Bondholders are requested to send their names
and addresses. with the amount OF their hold