The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-03

MoNnAY. Juno Q.

The stock market had n fcverish aud gencr-
ally depressed opening. Tho most decided de-
cline WIS IN the coal shares. followed closely 10y
the Granger roads and Michigan Central. with
other leading fanoies sympnthizing. At the first
bord there was recovery. except for Michigan
Central. and thoro WAS a decided advance in Pa
cinc Mail. At tho second board st. Paul and
Wabash were decidedly weak. while Delaware
Laekawqnna and Western and Pacific lost pgrt
Louisville md Nashville WAS higher bur the
most conspcpQps, was the adyanrr q about II
cncd at the close, and tho final changes were:
Advanced -Northwcstern common. =; Union
Pacific Jersey C"ntrni, o.; Pacific Mall Ii;
Sn5 Ms'.1:Sp r VIE Fvd i4l'y BE
Northwestcrn preferred. !, St. Paul prcisrfed.
igan Central. ~; Western Union. \ Cleve-
land aand Pittsburgh, :; ;,Deiaware. iackawanna
pH r TS' saa a D'"wM Srr Hs' and pIfss Essex
Illinois Central e.; Iron Mountain. -; c.. Il.
and Ind. Hannibal and st. Joseph common,
a; do preferred. D.: Ohio aud Miss .ssippi
common .; WABASH, q.
Railroad bonds were only moderately active
Tor tho speculative ISSUES Jersey Ccnfrals md
Kansas Pncidcr wore iirmer; tho new Fries
and Mo. X. and Texas depressed. Govern
ments were inactive, the q cents decidedly
lower Louisiana consols declined To 3St. fol-
lowed bv recovery 10 ~. closing M a.. Money
on cHll' 5'a4o cent, Closing al the inside rate
Subscriptions TO the 1 e cent. refuuding GER
uncates since Saturdays report, sl7I7 i7O.
The debt statement Issued to-day. shows the
Increase Ut drb for May tn br s62 2iu.20 This in
cludes called bonds torwnirA the Treasury holds
gold certificates. sl54l8 70o; silver certificates
q pop poo; certificates OF deposit out~tunlinc.
SIG 95,OJ9; rounding certilretrS SIS 1913 $685.
legal tenders outstanding. s8i6.GSl ulG: frar-
tonAl currency outstanding. Sl5.N74 III 70:
United States notes held Tor redemption Of
frueflouNI - pull.I
not maturod for which d cent. bonds have
been Issued slG9,11lO6O.
=, Tho total tonnage Of anthracite coal from all
reported by the several carving companies
amounted TO 5ll,G iS tons against 2p4 So tons
in the corresponding week last year an iucrrnse
Of SOC 1866 tons. Tho total amount Of nnthracite
mined for the wear Is s59O2l3 tons ngniust
4s3i 443 tons Tor n" same period last year an
companies and the New York companies do not
agree as To- TIE prospects OF the trade. The
former hold that there Ii enough demand for
limiting production while the latter insist that
To- Keep prices ny the supnIy must be- checked.
New York II 81 q ton cheaper than IL was at
this time last year The Healing Company's
circular for June makes the harbor prices flr
lump. steamboat AMI broken 81: egg 1920;
stove, 1880; chestnut $40, These figures ara
tor hard white ash coal. Tine quotations Tor
Iyk"ns Valley coal are 1878 Tor elg and stove
and $500 Tor chestnut.
In regard TO the rumors 81 the Leasing OF the
New Jersey Central Railroad 10 the Reading
our readers thal the New Jersey Ccntral raai
is still in tho hands Of a receiver and under the
control of tho New Jersey Court ~ Chanoerv
No leAse can possibly be made until the receiver
II discharged and the Central Company rein
stated , IN pHssefsion OF ~ property. which is
not likely tn be the case for a year % come.
II il said TINT the connection of tho Eric Rail-
way with Boston, by way ot Albany and Hoosac
tunnel, will not be- completed before Aug. /.
At the meeting q Eric bond and stock holders
In d ord la.
said that out of 100000 ordinary shares. III 900
had paid IN" nssrss ment. amounting to goo uuO
81 which fiuuOOO had been expended, the
balance being in hand, in New York invested in
a. q cent GoVernmeut securities ana in Eng
land q conN9's. and cnsh at N. nqnkors, ont
OF eo,3G9 preference shares, 81 i61 had paid the
assessment. the penal interest paid up0n
as ass, ISM, IN arrears. aWounted 10 larger
sum thnn me whole cost OF the reconstruction
expended in England.
The recent rise in the first mortgage bonds Of
the Homo. Natertown and Oglenshurg Rail
rnhd Company Is now explained 10y an agree
m"nt SAID 10 have been signed in this city on
Saturday, 10y which "a bridge Is to he built over
ne Niagara River At Lewiston, and u connection
thus made with tho Rome. Matrrtpwn and
OEdensburg system of roads by the Great
Western OF Canu'la. II is thought TINT 10y this
means u large business between the West and
Montreal Will be secured
The hearing before judge Harlan. in tho
Columbus, Chicago and Indiana Central lense
eHsei seI down lor to-day, has been postponed
The Chicago and Northwestern Railway Com
pnny have engineers in the nrid making sur
NeIs ana o'ntiuE lines for u branch road to- uu-
meet MllWaukrt Nilh their mann lines leading
nprthwrslwnrd One of these experimental
lines is from Lodi 10 Jackson on the Fond ia
Lac Air line, while another beads from Eruy ~
Princeton. the western terminus of tho Shchny-
gan and Fond du Lac road. II is not unlikely
mat olhor lines sun will ho run in compliance
with the orders Issued 10y President Keep
Poo Commissioner Fink has issued 10 the
rnllroads running t. points ON the Missouri
River Circular No, ~, rcutin- tpt the rates tp
hu charged ON through frclsht from the sra-
board 10 those points, The rates arc % ht Wulir
nv adding To tho established rates from New
York to Enst st. LOuis the local rates from tho
Inter place To destination. by way OF Chicago
70 those points the established rates from New
York nre from 90 II cents according 10 the
class less per hundred pounds than via 81.
Louis, mud VIA Hannibal from to . cents more.
The roads are assured that the business \,ill be-
divided Ms per HEreCmo mt; thUt the established
rates must be- paid To the roads east ut Chicago
and st. .ouls and in event of violation husiness
Will be diverted from the road SO violating.
Russia il in the market fora loan of s22jOO0.-
QUO TO cover the expenses of the late war. Ii Is
10 bear q cent interest, and Will be- issued ut
AL. is.Fl.