New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-16
sex dividend.
'Exdivdend
THE BOND MARKET
Government bonds were s,eady, but inactive.
Final quotations follow:

Twenty-Five shares of Ninth National Bank
| stock sold at o. and twenty-five shares OF the
Fourth National Bank stock at 1S2. against 40
the last preceding sale In State issues $1,000
Louisiana consol As sold al 90
Railroad bonds were strong on large and we'll
distributed volume of business. The heaviest
transactions were in the Atchison general and
adjustment As. Central Of Georgia first incomes
Chesapeake and Ohio AIS, Chicago Terminal re-
ceipts Kansas Pacific first consol receipts. Kan
sas and Texas seconds Northern Pacific gen
eral len and prior lien Is, Rio Grande Western
firsts ST. Louis and San Francisco AZ. Union
Pacific issues and Texas and Pacific second in
comes. The chief net gains were made by Union
Pacific Us of '9S receipts ex-matured coupons. 3l2
to 1863: the extension sinking fund - receipts,
AS to 1l1$s the collateral trust Us. ! to JOB;
Union Pacific Denver and Gulf hrsts. u to J0la
Susquehanna and Western general mortgage,
to 81; Central OF Georgia third incomes, IA TO
Oh; Chicago Terminal receipts. IA TO 1914; liock-
ing Valley ~ receipts. l 10 40; Kansas Pacific
first consol receipts. IA to lu2; brooklyn File
waited first receipts II to st; Central OF Georgia
second incomes, y to Il; international and Great
Northern seconds y to 500; Milwaukee and St
Paul consols. 9, to 14ll4 Rio Grande Western
firsts "a to Slai: Duluth and Iron nge hrstS.
Il, TO 101lo, West Chicago Street Halfway cons0l
rs - to lO2l9 and SusQuehanna and Western
second as II to 81. Mobile and ohio IS lost
l3s to 3D. Ann Arbor first IS. - TO ~; brooklyn
Rapid Transit rs. Ia TO 9il Kansas city. PItts-
burg and Gulf firsts. a TO ~ "a. and Fort worth
and Denver City irsts. " to "a In miscellaneous
issues Standard Rope and Irvine Is gained to
40 and the incomes, IA 10 1914. The buying OF
md advance in Duluth and Iron Range first Js
attracted favorable attention by reason or the
recent inactivity Of the bonds and their strong
position as investment securt1es. lransa ,.
in them yesterday and to-day amounted In par
value 10 S3G 600 at an advance OF per cent
over the last preceding sale. to-days gain reach
ing ! ~ per cent
controls the Duluth and Iron Range Railroad
owning the entire capital stock and Si''VO'"n
second mortgage bonds-makes the bonds or the
frst-named prime securities. even II the rodd
did not show more than ordinary earnings Ike
cent earnings Of the company have been most
encouraging and IT is interesting to mote that
the companys surplus for 1S3G. after all
! charges was S5SS.J9l, against a surplus OF
5000 7O2 in 1890 and $50. 1j5 in 1872 In 1896
the company made Sl3.3lo gross per mile ana
/ cxpen1cd SG272 per mile. and. as It's interest
I charges amount to only S31O.192. it can readily
Ice seen that, with net earnings or Si'oS4'lZo;
! the bonds occupy a very favorable position, ana
/ that the additional issue Of S3.D0,W0 per cent
! bonds made since tho close of the fiscal year.
for the purpose OF retiring &.JDOooo income GER
tincate3 will he well taken care Of. The company
Is rich in equipment. and has for It's main article
of freight iron ore from the nexhaustible mines
Of Minnesota. Bonds Of this sort are attracting
investors and the demand at present for al
frst-class issues. many Of which are but seldom
traded In Is most urgent.
THE MONEY MARKET.
Money on call per cent Time money
was 2RQ3 per cent for sixty days, per cent
for three months and 311M4 per cent for four
months and 4 per cent for six months Com
mercial paper rates were firmer at 4d41a per
cent for the best names for all periods, and
5G.Ih per cent for paper not so well known.
The foreign exchange market was shade
Armer Posted rates were S4.S}kMS4.S4 and
. 81 sea 81 soy for long and short sterling.
spectively Rates for actual business closed as
follows:
Sterling a. slisf $50. 4s2..a4ss .s54
Tarcs ~ 5.iss. 5.2IH 5.i0s.
Rcchsmarks 10 81" ~ H,,io !" o-ioG'1,,t
d GuidcrS TN vs.
Domestic exchange was as follows al the
n,aces named: Savanrah-Iuying, 1-16 off: sell
mo mar w-Orleans-Commercial, 81 J0Q
ST - discount; bank, par. Charleston-Buying.
mar. selling nc. premium. Chicago-!TOc. dis
rrount san Francisco-Sight. DC; telegraph.
1ihc Boston-Sc. to 1Oc. discount. Cincinnati
Between banks, 4Oc. discount; over counter par
q Rank clearings in this city were: EXCHANGES.
s15o Geo O4I: balances $1,11j. 1914. BOston-Ex-
changes SIS I9S SS3; balances S2.1Gs,I63 Bal
tinonre@Exchanges $3O31 lbs; balances. $3.50
:o2 Observation-Disclosures SlG.0S2.%9; balances.
81 90 g25 observation-disclosures. Sl2,2lS,-
U96; balances. $1,7I9.oo --yo
The commercial price OF bar SILVER was ooS.c.
Mexican silver dollars. 43q4Isc In LONDON
bar silver declined to 2J1sd. Silver exports TO-
morrow, $4,000 ounces. az,
Money on call in London was %Ul per cent.
and open market discounts per cent Tor snort
and for long bills British consois closed al
iii 5-IG for money and 1lls for the account
10 CentimeS.