The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-23


The stock market was active but the tone
feverish and unsettled. and the course OF prices
irregular and variable. The opening was gen
orally irmer. but there was an early decline in
the telegraph lines. followed by the coal shares
and granger roads; but the trunk lines were
The lighter fancies attracted less attention than
fer some days past. ~, The final dealings ex-
hihitod general strength. with an active move
ment and advance in Hannibal and ~. Joseph.
The more important changes We're: Advanced
Hannibal and st. Joseph. %. do. preferred.
81 au qo' DO S'prf ID h?Y Naa j PaG cea
trail, =; Ohio andd, Mississippi preferred. "a;
Rock Island =; Wabash, =, Decliqedl-Albany
i. and Quincy, A. Delaware and Hudson. =;
Fort Wayne. IL Michigan Central. q. Western
Union Telegraph. =.
Railroad bonds we're fairly active hut prices
somewhat irregular. Denver and Il. G.. lists.
the ST, Pauls. and the Central Pacincs were
Kansas and Texas with some weakness in
Jersey Centrals. Governments We're less ac-
tive and slightly easier. but District Of Column
hia 3,G5s were in demand and denrer. State
bonds steady. Money on call. 3@4 = cont
Elevated railroad stocks are buoyant, on tho
adjournment Of the state Legislature without
their interests. and on fresh rumors of con-
sooiidati9n;, New York Elevated is selling At
representing the Metropolitan. at 400.
Subscriptions TO the 2 cent. certificates since
yesterdays report, 81 .063. $50.
There we're sold At auction yesterday at the
N1tTcUNIIS EAtONnEt. OZE knhFtS Jersey Olty
Gas, l46@145s; Is Union Bank, li6i. l6 Bank
Of New York l27s: 81 Bank OF Commerce. 1877 I:
80 Cit2ens' Bank. 1909, 90 Globe Insurance.
ll5h so Tradcsmen's Insurance los: Al How
ard Insurance. 1903; 3i5 Rutgers Insurance.
III; SO Manhattan Gas. lSl =; 200 Williams
road G y cent. bonds. ll2I 5000 New York
city cont registered stock iss9. H. and
registered bonds. lsss 1875 ana interest
The agreement which the holders Of Column
bus, Chicago and Indiana Central Railroad
bonds are called upon 70 sign, IN order 10 enable
their trustees to reap the benefit OF Judge Har-
lans decision In the SUIT against the lcssees Of
the railroad forms document Of moro than
eleven printed fooscap pages. II proceeds
upon the assumption that n decree will be had
| for the payment OF $1,000 900 OF back rents and
| proposes to devote the money TO cxtnguishing
| enough Of the company's obligations to reduce
| the whole amount covered by the lease to sl5.-
| 2l,OOO. II SO assumes that, rs last resort
| n manner as to cut or the second mortgage
| bondhulders without inyalidatingth lease, On
their guarantor. the Pennsylvania Railroad
| Company. will. Undoubtedly, ask to be heard by
the court and Il is 10y no means easy to predict
| what the final result Will be.
An auction sale OF 10000 tons Of coal is an
| nounced for next Wednesday, May %. by the
| Delaware, LAckawanna, and Western Railroad
that an advance OF prices will be obtained at this
| sale, which Will materially put ny coal stocks.
| 1t is conceded. however, that none OF the COM
panies have made their fixed charges since Jan.
| /, and that unless some change takes place
| soon their ruin Is inevitable.
| We understand that most Of the national
| banks in New England have resolved not TO buy
y cent. bonds ut the present price and will
either replace their called bonds now deposited
| with the Controller OF the Currency. with 5s
or Is OF 1881, or allow their circulation 10 be-
| Withdrawn. Their managers are cOntil that
| within two years higher rates Of interest for
| money will prevail, and thHt. in consequence,
the & cents. will he purchasablo at less than
| par before the 1851 bonds mature.
According to the FrdnkhTte' Zeitu,0 tho Rot
alg
| loses about 81 $4,000 by the failure OF the
| Airikaansche Notwithstanding and will bo
compelled 10 ask the indulgence OF It's creditors,
| II proposes 10 pay them in A. y cent. bonds II
| this compromise Is refused the company will
be- Obliged 10 solicit the Judicial respite which is
| allowed by Dutch law to n debtor able to provo
the existence Of assets. 1t is said that the Ant
| worp banks will suffer by tho embarrassments
| OF the Rotterdam NEUTRALITY-SUSPICIOUS.,