The sun., 1879-03-20

The sale Of District Of Columbia 3.G5s on
Monday. wus at 81 4. and not II q. crrO-
nrou,ly printed in our report on Tuesday
The subscriptions TO the s cent. loan to-
day were S97 500.
It is reported that the Milwaukee md St. Paul
directors Will Tomorrow declare u dividend OF
ia T. cent. on the preferred stock.
Tho rates of interest prcyailing Mt the COM
mercial centres Of tnH West indicate ANYTHING
l.'lt heed oi AN expansion oi me currency. Az
thlraEo the latest iNi"s report money as
lending at aud C. cent. Tor call loans aud
from To 10 cent on time. At Cincinnati
money is easy on cn ut D q cent. ~ the best
securities. and at e cent. on mortgage on city
property for three and five years. Tho 81.
LOUIS hanks ar" lending t1 customers a, from
: To 10 q cent. for siSty DAYS. and loans on inn
proved real estate Tor three and iiva years are
making NJ from : 10 10 Z. cent In all these
places a moderate deiunud from investors for
Tho new United States q cents is reported. Ii
j. Aut FAIR 90 remark. however, that these COM
uurtiNrly low rates ure owing partially To th"
want OF confidence ON "a" part ot money lenders
iu the class - borrowers VINO used o. take all
IN" money they cpuid get at any iu',r - asked.
WIN blr intent on ia ,N'NlN Nl'M'd, "l hpl re-
paying unless o. suited their convenience. IL is
very nice. ON pnp"r, to lend ON first mortgage
un improved farms ~ ~ r cont q aunum. or
90 buy city and county lu a cent. bonds AT "a
lar%" discount hut when ih" borrowers h"come
bankrupt or repudiH" their obligations. the
Transaction Is not 50 seductive. \ promise oi 1
r cent, hy q debtor sur" to pay comes o. b" re-
gHrd"d with more tgyor than on" Of - z cent.
about the keeping OF which there is uncertainty.
The silver product Of the Pacin' States and
l"rri'rir- ~ reported as having fallen on Mth
AllF kifl fil u SUN IAEIi'I Nf'Ifii~f Ntl-
wiih,iaudiug this ia' and the steady demand
| hy the Mint for material for the now dollar. tho
price of the metal does not advance. as WAS GA
pecied hy the advocates OF the silver bill.
Another attenlt Will Doe mad" on June 2s 10
soil the New YorN and Oswrgo Midland Rail
ronG. The sale will he subject to existing
leases 0ui contracts; to judgments obtained Tor
right ot way and claims th"rrior; to taxes aud
unpaid claims pt EMPLOYEES of the receiver, and
for pay for labor and supplies from the date of
punlrauun oI safe unt1 tnH dchWry 81 "a iced
10 the purchasers, Considering that the road
hnr"lY earns rs running expenses, the pros
poets ~ erecting shie under q" conditions
| specified are not very bright. The first mort
! gage bondho!drrs have long ago abandoned
/ the receiver, certificates will ever be paid.
| The conduct OF Mr.. Edmund Smith, Vice-
| President of the Prnusy.vanla Railroad Com
! pany. IN receiving u glit OF $4,000 in bonds on
| = purchase OF certain iand Tor the company IN
1872. Is pronounced byh commlttee OF nVesti-
! made that the company paid t9S0oO IN bonds
Tor the hand in question. Tut TINT the seller got
| only siuouo oi the amount, the diifrrcu"" being
! divided between Nlr, smith and other agents ~
| the company. IL turns out that the bonds
! which. % II admitted, were gwen to Mr.. Smith
paid Tor tho land. but other bonds Of the same
! Kind. Hpnr" tine committee aalult him Of COM
| plrity In the fraud, and derlnrr that there is
! nothing m his connection with the matter to
shake the conildento OF the Board in his in
tegrlty.
The Chicneo burlington and Quincy Rauronl
| branch To D"s Mon"s. Iowa, aui the prrlmi-
! nary survey of tur rout" has hrrn made tn"
! burlington and Missouri lailrond Company in
| Arurneka, which H. another unmo for the c. h..
/ aud .. Company. also propose to build a road
across the southern tier Of cnun't.s i'm Nrhrns-
| ku from Drnwu.yIin ar N,muha CIV an tha
! Missouri kN"r via Trcumsrn and Bcutrice. to
/ N"d Ciou and the survey To- Beatrice hns boon
! ana q. Company ls to rails" money for these
an. milnr uieierttkings 10y the issue Of stock
! instead OF bonds, 81 as not to increase the
amount upon which it is liable TO pay interest
IN unprosp'rous years.