The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-18
Money on call 4dj q cent.
fi.S7 for prime siXty-day bills

Money on call i@j y cent Sterling exchange
si.s7 for prime sixty bills.
Tho hill for the redemption by the Govern.
in the House Of Representatives to-day, and
went over till tomorrow
By the amended freight contract between the
Pacific Mail Steamship Company and the Pan
ANA Railroad Company the steamship COM
pany pays only 100000 per month. instead Of
$4,000. The. indebtedness OF the steamship
company to tho railroad company Ia now re-
ported at 81 OPS. 600 and it is 10 be cxtinguished
In payments OF $4,000 monthly. The net in
come OF the steamship company Is s125.O0 per
month. which will enable It TO meet all It's la
bilities. including the k25. 900 monthly Install
ment on its debt. and have surplus OF $4,000
per month left.
The State Of Pennsylvania invites prOposals
until May rs for n loan Of s2.00O.0O0 for the ro-
demption OF maturing loans Of the state. Bids
are TO be- made for bonds either at 3 per cent.
interest or at Al per cent. interest. Tho now
bonds. when issued. will begin 10 run from Nav
IS. 1879 and interest will loo payable semi
annually on Aug and Feb l. They will be-
issued in ti00s. t5O0s. and 81 COOS. registered.
free from State municipal. and local taxes.
=, Pennsylvania Reilroad stock sold to-day in
Philadelphia At $50 per $50 share, OF the next
semi-annual dividend which will be declared
about May /. the Ledger says: At the last pc
riod II was y cent. and II may bs no moro at
this time though the earnings warrant rather
larger figure. and tho desire. II Is known Is
general with the officers Of the company to get
back 20 = cent. MS soon as practicable and to
hold at that until the future + fully assured "
4 LITTLE lot Of New Jersey Rallrond leased to the
13N. Fort Wayn" lcnsed at g cent. is LOG hid.
snd Cleyeia5pd ana IN rii,sG9urSh aIs? le9sed al
az GO; Dds AZ p. and stock from 10 -.
Prominent officials ~ the Adams Express
Company AZ Louisville. XIV. on Monday were in
conference with Niec-President Newromhc Of
the Louisville and Nashville Railroad in rela-
ton ~ important differences which have OK
istrd between the two companies for some timo
past. The conference was To- avoid litigation.
and II u understood an amicable agreement
was made.
The property Of the Leavcnworth Lawrence
and Galveston Railroad Company and Of the
Kansas city and santa Fe Railroad Company
has been sold under n decree Of the Circuit
Court Of tho United States for the District of
Kansas. and new companies organized by the
purchasers o. each. respectively, and then con-
soidHted with each other and with the Southern
Kansas Railroad Company, under the name ~
the Kansas City. Lawrence and southern Rail
road Company. The same parties have also
obtained possession ol the Kansas City Fort
scott and Gulf Railroad.
England is apparently on, ring IN her turn
upon an era of fierce discussion ~ the silver
question. The Liverpool Chamber Of Commerce
not long ago led the way Y a memorial 10 the
Government asking for the restoration Of silver
to us H. material tor money, nnd the last num-
Der ~ the Contemporary Rcri1r contains an inn
pnssioucl appeal 10 the same effect from q
Liverpool merchant TO the public. Al the t'sti-
mOny proves that great distress prevails III the
commercial ana manufacturing world OF the
United Kingdom. and under It's pressure mon
nrc ready TO consider any scheme which PRONE
iscs relief The English advocates of silver are
lfHllN' anu 'l'tluf'll anu NiN NktlN 10 lfrfuSH
In number, but It is hardly probable that they
will succeed in reversing the decision which tho
nation made in favor of the single gold stand
ard SILKY -thruo years ago, and uudor which IL
has enjoyed in tmos pnst o prosperity ms great
as the adversely which II IL now enduring. The
only possible benefit to bo derived from the
restoration 70 use of silver rs money would be-
rohct Of debtors from tn" pressure II a small
fraction NJ their debts; hut il would not create
now markets for manufactured goods. nor
bring back atrade lost by changes in the words
commerce..
Tho latest adviccs from Consiantlnople show
that there is great financial depression. Tho
cHinie- paper mouey-has Deprecated to an
alarming oNtent. falling 400 per cent. in ono
week. the rate now standing M 900 per cent. OF
$40 paper for 81 OF gold. Tho Government has
been cudeavoring 10 withdraw the paper. hut
cannot do SO without obtaining n loan for tho
DO. The country is represented rs being in
little better ,han bankrupt condition.