, 1879-08-17

Kold-mining in GeorEia- Ihat State Is nov
ruupiug 400 stamps,-nearly as many as there
Ire in the Black HILLS.
L dispatch from Youngstown. O., dated aug.
tG, states that the decision in the Brown, Bon
neil s. Co, contest, which has been IN contro-
yersy in the courts for some months past, Is
finally decided in favor OF the Hale-Bonnen
party, giving them the control OF the MahonlnG
Iron Works. The decision was rendered by
5udres Spear and Taylor, who sustain Judge
Thoman's injunction.
Tie New York Nation of Aug. Is contains
NE following financial summary Of the week:
During the week there Was further fall IN the
rates for sterling exchange, and somewhat more
rnon So 00O Geo Of gold we're started from London
and Paris for New York. The foreign markets ap-
Ilee must be sent here within the next few months
to pay for the breadstufs, provisions, and cotton
that will be needed from this countfy ana u no9
back securities. beginning. OF course. Win Unltea
States / per cent bonds, which pay lower rate oi
abroad. In anticipation Of an attempt to return
these bonds their price in this market has fallen
u Of per cent during tns ~ nne S@w i4sk
Of large amounts OF money from the National
.pauk depositares the Treasury where 1t is want
rates for loans have advanced to 2 per cent,
but this must be considered slight 1or
transactions Of such magnitude. At the STOCK e
share market, the Vanderbilt stocks having been
: the most prominent because Of rumors that me
sn0s1 De- bT be ToE
Central T. Hudson, which is forever 70 guarantee
6 per cent to the stockholders OF the former Al
erty,-some years paying no dividends and others
from 2 to 1 per cent,-this reported prospect
kinded specglation in The stock and the price was
aud when the rnmur became doubted, il dropped
down SO suddenly Is 1t rose. and fortunes vsn
hns ruled Il about 5lKd per ounce in London; At
The close of the week the bullion value OF the
412:.-rsain silver dollar here WAS s6Ec.
Stocks we're dull and fluctuations light. Ii
Btocks were not tired brokers and their custom
ers we're 50 after the excitement and nervous
wear Of the last three or four days. There was
not the physical basis for activity. Transac-
lions in Chicago we're very few, and the record
On the ticker indicated the same state OF aftairs
in New York. Ae anticipated, the bank state
ment was: very unfaroraole- The surplus re-
serve was less by S5,3A3.0o0 than week ago,
and was reduced to S1,4W,550. This is the
lowest figure it has reached for years. The
meaning Of this is palmer when it is recalled
that last wear in the two months follow
ing this date the New York banks
lost s17.3oo,0o0 of their surplus reserve.
or sixteen millions more than the whole
reserve at present. This feature Of the bank
statement WAS used to break prices with what
energy operators had left, but the efforts we're
n,t successful to any significant extent. 1t Is
well understood that the losses OF reserve have
been caused By payments BY the banks to the
Treasury for per cents, and that they wfl be
immediotely made good BY return payments
IRON the Treasury for called bonds. New York
central declined from l18 to 116, and closed at
7171<. a movement which did not fail. to ne
NOTED rs confirmatory Of the Like Shore merger
storr. Northwest common lost II, to 74}s; ST.
Paul *, to 651x; Union Pacific y, to 769; St.
Joe K, to 1e4; Delaware & Hudson q, to 4737S5;
Jerse, Central IS, to soy; Western Union Il,
to o1H: and Erie preferred 4, to 50s4.
The gains were Alton :, to SO; Kansas City d
Northern x, to 2l37{; Lackawanna 35, TO SIX;
st. Joe preferred Il, to 42316; Ohio & Mississip-
pt Y, to i63&; Wabash Il, TO 37M; st. Paul
preferred i, to 9511; Northwestern preferred
X, to as; Lake Shore 36, to Ssh; and Michigan
Central Il, to SIX.
St. Paul per cent sinking funds we're 105}5,
Eric second Is, gold, 74k@75, and Northwest
gold bonds 111}S.
Railroad bonds, in New York on Thursday,
we're active at lower range Of PRICES The de-
cline vas most marked in Rome, WatertoTn s.
Ogdensbu1g consolidated tirsts, which fell of