The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-01
SArupnAy MAY NJ

The stock market showed cons iIrrihlc n 'tiy-
the coal shares were IN errNt demand nt
further Improvement. Tho Granger roads were
without important change, but the trunk lines
were weak. The telegraph shares were quiet.
\ lrluutc o,, we h1E WIS n .Nry ~ tln", o. :
fqr Louisyille and Nashville 10 80. followed by a
advanced. Al the second board 81. Paul COM
mon was active. advancing with some rccov-
cry FOR Michigan Central The final deal
lngs were at Weakening va ucs, except
for coal shares. The principal changes were;
Advancrd-NcW YORK Central. . 81 Paul pre-
ferrcd, D, 81 Paul common. = Amcricun bis
trict Telegraph. | Cleveland and Pittsburgh,
= Delaware, Lac awannn and Western, al;
Delaware and Hudson. ~, Chicago and Alton.
Jersey Central. 4, (: Pacific Mail. s.; Iron Noun
tain =. Dcclined-Northwest.rp preferred. {. ;
NoEthwes,ern common, = Michigan Nrq,ra,
nha and ~ Joseph common. = Hannibal and
81. Joseph preferred "a; one and Mississippi
preierrad. Louisville and Nashville. T.
Railroad bonds were fairly active for the spec
uativc issues. The new Fries were weak and
the St. Paul and Minneapolis hrsts and in,
comes advanced. Governments were active and
higher. or State bonds there was n notable de-
cline in louisiana consols. opening at 10 and
closing M 4n's.
The bank statement showed n decrease Of
s3G3 100 in loans, tl7 100 in specie. 81 io3 500
in legal tenders, 81 59l COO IN deposits. and AN
nerease Of sl2,so9 y s ci5c cn involving a
serve the excess OF which is now reduced to
slo3s 800 Money on call. sec Z cent. closing
Y n
are valued at IS 925 9Si
Gas stocks arc quoted: New York. % 10 100
Manhattan l75 10 1875; metropolitan, l22 to
1917 Mutual; 90 to 75; Muniep"l rs e. 1875;
dividend Of 5 u cent. Is payable next Monday
on the Manhattan and one OF q cont. ON tho
Municipal
Tho coal stocks are all higher in anticipation
| Of the adyanced prices for coal. which 60 into
| effect on Monday. lniormniion which we get
from coal dealers is 10 the effect that the adj
vance cannot be fully maintained.
The rapid fall in Louisville md Nashville
! Railroad stock from G. last Saturday tn 50 =
| this morning Is explained by q despatch from
Louisville saying that the authorities of the
! city Of Louisville have resolved to soil the
| 1890 shares belonging 10 the city. aud that
| Hardin County KY. and Davidson County
| shares owned by them.
| Subscriptions to the ( y ccntum rounding
certificates since Thnrsday's report, 81 ,I2S,3OO
| Total To date, t33,SIi,Tu
The Treasury now holds 1858 2i6O5o in
! United States bonds 10 secure bank circulation
! United States bonds deposited for circulation
| Tor tho week ending to-day. S3,795.3M
United States bonds held tor circulation
Withdrawn during tho week ending to-day
t3G22,3OO.
National bank circulation outstanding; Cur.
rency notes. 1923 O12,Sll gold notes. 3 ,4Gd,GuO
| The receipts of national bank notes for re-
| demItion for the week ending to-day, ms COM
pared with the corresponding period last yeal
! are as follows; - -
Newiork 81 stnOl1 Si.aas nl,
! boston ................... i22Un Az .uN
! Pmlade phia ,,..... ............. 2Muli luNuN
| Miscellaneous. ................... q 2l0Uh I75LNE
inNli fts7Nl ''' F-t'f'fNh
Holders Of tho oyerissued stock OF the West
! Philadelphia Passenger Railway Company
| have the option, according 10 the report of thu
| Master in Chnncery. to whom the matter Nas
referred. OF cithor taking SIS per. share IN
money ol Of having their shares made valid
portion Of the compnny's capital
In the South Carolina Ra.lroud cases IN tho
| United Stntes Court a compromise has heei
made. II is ordered That the interest for July
1878. and January, 1879, on tho whole OF the
| first mortgage bonds OF the rOud. including the
| hypothetical first mortglgc bonds. b0 paid 10y
| the receiver. and that the dethehrd coupon,
| held by the syndicate he paid likewise
| Authority Is given 70 extend the tracks at thu
| rond ~ the water and To construct the necessary
| wharvrs. The order tor the payment Of inter"s
| will involve the disbursement OF nearly 100000
A majority of the state Supreme Court a
Jackson, Tenn, decided this morning that IN
acts repeating tho charter of tho city OF Mem
| phis aud organizing its territory into u taXinL
district are constitutional and valid. This is II