The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-14

TUESDAY. May IL.
The stock market was active. yet feverish and
unsettled in tone, The opening was somewhat
depressed. but Western Union Telegraph tho
coal shares. st. Paul. Wabash and Hannibal
and st. Joseph took an upward turn and Mt the
second board all showed some improvement
and the market was generally strong, and the
except Wabash. The more important changes
were: Adyanced-Del; L. and w, x; Del. and
$: Paul 81, %: preferred :; Morris and
RG ss uScn Te !s"q Bacne Gn2n ReG III
Central. y; Ohio and Miss. preferred. x.
II, Railroad bonds were moderately active. and
the sales covered wide range OF Issues. Jer-
eey Centrals were better. and tho advance in
There was also advance in Mo. X and Texas
The new Fries were higher in tho final deal
ings. Governments were quiet. and DIST. Col.
Me ansy nn mere was mere doing IN state 6onds
side rate.
Tho annual election OF the Petroleum Ex-
George n. Lincoln for President; II. {. o6ien,
first Vice Presid dent Clinton Roudebush. second
strong SECRETARY and he following named
m ma 0hiSn hM StIs Rpc Gin
C. S. Bushnell. W. Jay Ives. and l. W. Arnold.
The Treasurer Of the United States published
the following to-day: Fragments Of national
bank notes redeemed by the bank Of issue for
less than their face value Will be accepted by
tho Treasurer only when their valuation Is
equal to the face value OF n note NJ some demons
nation issued by tho bank. or some multiple
thereof. The required valuation may, how
ever. he made up OF several fragments Of notes
OF the same or different denominations. In no
other case can such fragments be disposed II
under the regulations Of the Comptroller OF the
Currency recurring national hank notes to be
delivered 70 him for destruction in sums Of
even hundreds Of dollars. The accumulation
in his hands OF fragments. Of which he II UNI
nnble 10 dispose. eompcs the Treasurer TO adopt
Judge Packer Is reported again to be danger
ously i'll. and conl stocks improved little. on
the theory that his death viii remove n serious
obstacle To a combination among coal producers
TO advance prices. His disease Is impoVerish-
ment Of the blood. aggravated by q bad cold
which he took several weeks ago.
The report Of the managers Of tho Delaware
and Hudson Canal Company Tor 1875 was pre-
scented 70 the stockholders at their annual meet
ing to-day. 1t shows profits ON the company's
leased lines OF railroad amounting 10 ti9S,5d2.
leaving ~ deficiency of s5l59l. The con-
pany has sthl left OF its new 10000 900 mort
gage bonds s2550.00O. which have not been
| negotiated, and the liabilities Of the company
| have been increased only $sG5 600 since Dec.
| 81, 1876. The quantity OF coal produced during
the year was 2Of5, Oil tons. which cost for min
ing, transportation. and other charges. exclu-
sivc OF interest. and dedu ting tolls and rail
road earnings received 81 300 921. or n tribe
ever 81 ton. The averags, price received
as already shown did not quite meet fixed
charges, What the result will be this year.
~ course on the prices to be- obtained during
the remainder OF the season.
Tho leading coal carrying con- ranes report
total tonnage for the week amounting to
RESPONDING week last year: an increase Of
HS.452 tons. Tho total amount Of anth rucite
mined for tho year is 6,97S. $40 tons. against
| 1853 no tons for tho same period last year; an
increase OF 3.0s9,2G6 tons.
Tho subscriptions to the per cent refund
Ing certificates since yesterdays report amount
to 81 ,0S5 O3O
In the Senate to-day Mr. Bayard rcnortod
invorahly from the Committee on Finance tho
Tor legal tender money with amendments, and
asked for its consideration; but II went oyor.
objection having been made. One Of the
amendments fixes the amount for which the
tender nj ten dollars. instead Of twenty dollars.
ns proposed by tho House Of Reprcscnta-
the. bill applicable only to silver coins
of the face value of twenty five cents and under.
| The House provided that nickels. as well n the
| small silver coins, should be receiyed at Post
Offices in sums not exceeding SO. There Is,
| however, law now In existence which provides
| for the redemption Of nicke.s in sums OF twenty
| dollars at the Phladelphia Mint The Com
mittee make no change Whatever in the sections
OF the bill which provide for the interchangra-
hllitY OF all subsidiary silver coins with legal
| tender notes or other lawful money in sums Of
| $50, or multiplcs thereof. at tho office Of the
Treasurer or any Assistant Treasurer Of the
| United States.
At the Cabinet meeting to-day tho subject ~ n
double standard WAS discussed AT cons idoTatlg
| length in connection with the more recently eX-
| pressed views OF European nations on tho sub
| lect and II was understood that Secretary
| ENarts would reopen corr"spondcnce with
foreign Governments. looking TO fresh ueEOtlu-
| lions tor tho adoption Of dual standard.
The Government Of India Inns offered for sub.
scrlption loan OF $4,000 600 at ~ Z cent in
ter'st. Nlnc-tnntEs Of the loan has boon taken
at 3d. principally by Indian bankers