The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-29


yated y; Union Pacific. n Hannibal and St.
Joseph common. X; Hannibal and st. Joseph
preferred, y.
Governments wore rather easier. Louisiana
console were active, fluctuating widely, open
ing and closing mt the higher figure. Railroad
hardening prices. Money on call 8@b y cent,
closing at the higher rate. Imports OF general
meJy cs az the Sp as. week are valued at
with a decrease Of 80 32G 100 in loans, and
t634OU in deposits and an increase Of t969.6OQ
s215 400 in circulntion. there was an Increase Of
tS.42S.65O In the excess OF legal reserve
Gas stocks are quoted: New York. q5 to 100;
Mutual. 65 10 rs Municipal i25 to 100; Brook,
Ign. 100 to 1877; Jersey City. 1885 to 145
The London Times correspondent ut Liver
pool says that the actual business In cotton
during the last week proves 70 be very much
less than tho amount OF the daily estimates,
Manchester and in the spinning districts is real
and is Influencing consumers 10 an unsupported
degree.
The sale Of the New York and oswego Mid
land Railroad. advertised for to-day. has been
adjourned.
1t Is said that proposition has been made By
louis for consolidaion with the Tsxas %ci ffII
Railway Company and that negotiations to this
end have been referred to .c0mmitee consist;
Wheeler; and that corresponding committee
OF tho Texas and Pacific Board has also been
appointed consisting Of Meeers. Thaw. Waltera
Stebbns. Houston, and Barclay.
The committee Of the Boston Board Of Trade
appointed to. consider the difference between
the State authorities and the Fitchburg Rail-
road Company IN relation to- the rate Of toll
charged for CARRYING freight through the Hoo,
Railroad, report that unless the tunnel tolls
are fixed upon such terms as will encourage
connecting Ioads 70 offer business 10 the Troy
quences are likely TO follow, not only affecting
the revenue OF the State road, but the business
and commercial interests Of the Commonwealth
and the future. welfare of the city OF Boston.
They also say that the proposition OF tho Fitch
field Railroad at actual cost-submitting the
question Of cost TO arbitration. and leaving the
entire balance fort State-.isa liberal ono. and
express the hope that the Board will use It's in
huenco with the Governor and Council to bring
about settlement upon this basis.
The Board Of Trade Of Louisville. Ky. have
asked the Louisville and Nashville road to in
crease the number OF trains on the Knoxville
division and 10 meet the Cincinnati Southern
on rates.
The Grand Trunk Railway Company are
about to follow tho example OF the Canada
Southern and reduce the wages Of their en-
ployees ten cent.
i is thought that before long the cotton mills
| OF New England will be built with one story In
stead OF with five or six as ut present. The ad-
vantaRes claimed are increased safety and con-
| yenenco and n higher speed for machinery.
The report OF 9 New England bingham factory
| on last winters use OF new one-story building
| was that II covered about an aero. was built Of
brick. with corner towers. Mt n cost OF $23. 900.
terest on the cost of the building. Tho looms
were driven, at u Y cent. higher speed than on
the second floor OF the old mill the repairs were
fewer. and less imperfect work WAS turned out
A great increase, is reported in the tonnage
brought TO Rousn by British ships within the
| last few years. Nine years ago the total WIS I'M
der 100 900 tons register. II has gradually in
creaaod until IL WAS In 1875 200 900 and In 1878.
yOoT s7p ,hS nsmpers 81 we nTss i've
mage this year will be nearly 100000 register. II
is now common thing TO see vessels Of upward
! nj NsaNaa gaVar In
4 some 1000 tons OF cargo. come up the river and
1noJi. An these vessels bring cargoes. none
| coming in ballast. Many steamers. too. trade
regularly TO and from London. Glasgow. Liver
| pool. ana other ports.
The excess s q exports over imports Of m ,ssc
tl7 002 149; month ended MAY 81. 1873. slg.-
5iSb3I for the twelve months ended May 81.
s Ser b months snSs. en NJ tbs Ma.
bullion Tor the month ended May 81. 1879. was
i:f he !%siSe months sas ended Nay 81 81, isss
t5,2sl.gl5; twelve months ended May 81. 1878.
Tho London Economist OF this week says:
The rate OF discount for bank bills. sixty
days to three months. Is ~ per cent. and foF
per cent. business on the Stock Exchange
generally has been extremely quiet; Almost
Egyptians. The fluctuations were violent. ac-
poets Of the KhedVe's abdicstion. < teesrSa
great animation. and the result is a moderate
crence and State domain loans. The
Turkish tribute loans also advanced In SYM
patty. All other Turkish loans have also risen
somewhat on renewed reports OF financial me-
Rotiations.
The rise in British eousols Is attributable
partly to relief at the etiement OF the Egyptian
crisis. and partly to the lower value OF money.
There Is better inquiry for United States
funded securities. Although there was not
nevertheless we're Arm in response to higher
quotations from New York. New York. Lake
Erie. and Western mortgages advanced about
2. preference l. and various other mortgages
from - TO l.
The Louisiana Constitutional Convention TO-
day adopted. 81 10 90. the resolution instrueting
the state officials not TO pay the July interest on
ton. In debate on tho resolution tho opposi-
| tion held that the Convention had neither tho
power nor right 10 interfere with the provisions
and that State officials would be held re-
sponsible II they obeyed the order OF ths
Convention and violated the law Mr., Kidd.
Chairman OF the Committee on State Debt. pr9-
sented the reports. The majority report Is al
most the same as the former one. with the ad-
dition Of tl96.000 due the Agricultural and Me-
mends the payment OF the debt In full with
three per cent interest for five years and four
per cent, thereafter; Another report recon-
courts to decide.
The Treasury now holds 1858. 602 600 In
United States bonds to secure bank circulation.
United States bonds deposited for circulation
for the week ending to-day. So 2T6 100: United
States bonds held for circulation Withdrawn
during the week ending to-day. 81, 6G1 800; ua-
tlonal hank circulation, outstanding currency
notes. t32S 1888, 1877 gold notes. 81 467 500.
The following ara the closing official prices Of
mining stocks IN San Francisco to-day:
Apha"......."..... % Northern Belle 81,
Allh bphr Sly