New-York tribune., 1898-01-12

:o5.s.d g. q. 1891 co. 3 Iss. ls9. 1I:
S : 15s 5 $: y: T; 5s'' IISS33
Us us Is !. ss5 s. fasI 5sI q Z Col i, 'Es
In State issues $1,000 Virginia funded deb,
2-3s OF 1901 sold at 1914. $4,000 at 69ls. and
5000 at 69le
Railroad bonds were active. but somewhat ir-
regular in price movement, with final changes
showing more net gains than losses. Total sales
amounted in par value 10 S53l9OO0 against So
1000 yesterday. The more important dealings
in the Atchson and Northern Pacific issues.
Chesapeake and Ohio 4l2s. Chicago Terminal is,
Hooking Valley rs receipts. Erie prior IS. Man
haitian consol IS. Kansas and Texas first is.
Seattle. Lake Shore and Eastern first receipts.
Southern Railway first 5s. Union Pacific pur.
chase receipts, Union Pacific, Denver and Gulf
first receipts. South Carolina and Georgia rs.
Texas and Pacific first 5s. and Wabash second
5s The chief net gains were made by Broadway
and Seventh Avenue first consol ~. ~ 10 ~ q;
Hooking Valley rs receipts. ~ to =; Columbus
and Ninth Avenue irsts, to 1913; Seattle. Lake
Shore and Eastern first receipts, = TO %: Union
Pacific. Denver and Gulf frsts. L.. to Ola:
Western and Northwestern frsts. l TO Shi2
Hooking Valley is. . to 5i; Burlington. Cedar
Rapids and Northern first collateral 3s. as to
Jos; Kansas Pacific first consol receipts q 10
Short Line first consol 5s q TO 9S: Texas and
Pacific seconds. * 10 30l2 Union Pacific frsts
of '96 ex-matured coupon receipts. p TO 1882;
Union Pacific purchase receipts IS to III; Pitts
burg and Western firsts, u 70 lS. and Wheeling
and Lake Erie frsts. Y 20 1901. Houston and
Texas Central first JS lost "a TO ITO; Susque-
hanna and Western refuudng is. to 1O7; To-
ledo ST. Louis and Kansas City frsts | 10 ~;
Union Pacific IS extension sinking FUND re-
celpts 10 111i2; st. Louis Southwestern hrsts
10 10 -: South Carolina and Georgia first rs, "a
to 96l. Missouri Pacific first collateral rs = 70
67l2; the first consol IS y to 93ii; Kansas and
Texas seconds. 3 to OBS Louisville and Nash
burg and Gulf frsts y 10 50. and Cleveland.
Lorain and Wheeling hrsts. l. to 1O2l2 In mis-
cellaneous issues Brooklyn Union Gas 5s gained
INN aff1s NJ rs %
49l2. and Lacede Gas 5s. ~ 10 l04ls. National
starch hrsts lost to 105. and Consumers Gas
5s Il TO 1854.
The demand for good bonds is heavy. and the
available supply Of git-edged securities is far
smaller than the demand. The effect OF this Is
seen IN a larger demand for lower-priccd issues.
as the Reading IS. Chesapeake and Ohio 4i2s,
Texas and Pacific seconds Wabash seconds.
Atchson adjustment Is and many others The
New-York News Bureau has this TO say re-
garding the bond market: The buying or specu-
la:ive bonds is in greater volume and better
in character than 1t was last summer Euro
pean orders are In the market. among other
securities for Reading Is. Illinois Central bonds
and Chesapeak and Ohio AS. and some blocks
Of the last-named bonds have recently been
sold the other side. Another Illinois Cen
tral issue the Chicago St Paul ana NeW-Or-
leans 3ios have been over-subSCribed. and the
offering syndicate been wound up. There has
been extraordinary demand for Union Pa
cinc As when issued. the transactions recently
averaging nearly Sl.OOO.0OO a day The bonds
have advanced to 91t. The last Of the block
Of Mobile and Ohio , per cent first mortgage
bonds which We're first offered at ofi2 and subse-
quently advanced to %, has also been cleaned
up"
MONEY AND EXCHANGE.
Money on call was 2i2Q3 per cent. Time
money was 2lzQ3 per cent for sixty days. 3 per
cent for three months. 3 per cent for four
months and 3i2 per cent for six months. Com
mercial paper rates were 3ia per cent FOR the
best names for three months. 3l2M4 per cent for
four months. 3i=M4 per cent for six months
and above for names not so well known Choice
paper moved freely at current rates.
The foreign exchange market was dull ana
steady. Actual closing rates were: