The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-29


and the coal shares showed the most decided
Improvement The coal salo went Off at u
announced for the first OF june At the second
Board, with money on call advanced 60 g
cent the whole market was weak and the early
improvement was almost uniformly lost The
later dealings showed continued depression.
especially in Iron Mountain. Tn final ,changes
Hudson. ~; Eric preferred q; \. Y Centrnl.
x standard Mining. Is; Pacific Mail; q; X.
"VWy e s8rtn'u ao6 r. Ta Hrolrrp ens MHOt
Wayne /: C., Is. and Quincy =: Chicago and
AG ana lNSTSS IT," M2R@1%b dna: we're we're
fairly nave. and the new Fries rather steadier;
bet generally tine ,marSet was weak aud there
itan Elevated under rumors from Albany. Gov
ernments we're freely offered; and the cents
call ranged from 4 to 7 y cent. closing ut the
inside rate.
Sales were made Mt auction o: 20 shares Hor;
Hope Fire. COS $50 CIlzsns'' BanE. 100; 10
Leather Manufacurers' Bank. 1877; 1GS J"rsey
City q cent bonds. 9s's. 1905, $1,000 Town u
bergen Z, Y cent. bounty bond. 90 =; $1,000
Jersey City Fire. rs 3 Morris Canal and Bank
ing Company preferred. 1885, $1,000 Mnssa-
"a shares Mechanics and Traders Bank. as
40 Tradesmen's lnsurnnce. 1Q5A: 100 81.
N s 81 Na% Yo H s MsfPG%a Sa es
Butchers md Drovers' Bank. 0G6: 50 Fulton
Bank. 1864: 40 Peoples Bank. ia.
Coal advanced slightly ut the Delaware Lack
nwanba aud Western Railroad Company's nuc-
ton, the prices Obtained being on an average
cents per ton higher than at last months safe,
Hudson Canal COMPANY and the Lehigh and
Wilkesbarre Coal Company to increase thcir
schedule prices Juno by IS cents per ton. The
Delaware Lnckawnnnn and Western Company
took similar nrtion late in the day by sending
ont It's hrst price circular liking prices at from
% TO 40 cents per ton higher than those OF the
auction sale.
Spectators for riso in United States 4 T.
cont. bonds bad better keep an eye on the silver
movement N they count on "A European demand
to help them out 1t is quite certain that rs
soon as investors abroad awake TO tho fact that
cur,,y payable principal and interest IN silver
they Will not car. Co continue tho operation. lt
Is true that the Warner bill is not likely 10 be-
come law ut THIS session OF Congress. hut the
principle IL pmbodies " gaining strength every
lay. Hn1 VIII , ho nut INTO practice soopcr OF
Yer dollars now uing NJ in the Treasury at the
rate OF s2.0QO.OOO per month, and which by next
January vii. amount 20 neurly { 80. 100000 must
eventually lind their WHY into circulation and
begin TO dispqcc gold. This is 2 standing men
cgners and those OF the United States cannot
escape being affected with the rest.
An ofrer has been made 10 the city OF phia-
dephia by DreXel Il Co. that II tho city acquires
the proper legal power to issue "a Z cont 10. 80
bonds To the amount OF it's present nonting debt,
about $40 800 600 toiAke tho entire issue at Ir,r,
II the bonds aro made registered and free Of all
taxation.
The dividend Of p cent. which tho Penusyl-
vnna Railroad Company Will commence nay
| ing on its stock tomorrow amounts 10 81 3D.
40i. II is FOR the six months ending with April,
including the first four months OF this year and
| the last two months Of last year. The Philadel-
| period OF 1859 with the corresponding period
OF ls77-S. the net earnings Of the railroad show
an Increase ot about $4,000 and the portion
available for dividend is something more than
| $250O0OO, or nearly 2 cent. on the capital
| goes into the trust und. this leaves nearly a
| cent to be carried forward.
Argument in the cases Of the Central Rail-
| rOad Company Of New jersey ngt. the junction
| Railroad Company and the PENNSYLVANIA
ihilroad Company was commenced NJ Pitts
hurgh this. morning before Judge McKenna.
| The junction Railroad connects with the
| Philadelphia and Reading road at Belmont,
and with the Baltimore and Ohio Railroad
| Mt Gray's Ferry. Tho Baltimore and Ohio
| road have proposed % send over the june
ton road 70 reach New York. The North Penn
| sylvania. Delaware and Bound Brook and Jer-
| sey Central Railroads propose TO do u similar
business over the Junction road. but tho Penn.
these roads 10 pass through their yard, in which
| half mile OF the Junction track lies. The
ton y brought to restrain the defendants from
| Interference.
The State OF Missouri has just disposed OF
s250.00O two-year 2 cent currency bonds nj a
price which reduces the net interest to = =
| ence 20 this transaction: " IL the state hnd nu-
thorized tho issue Of enough 2 cent. bonds to
now rcdeemabr. about tlO.OOO.0 900. had mnde
the term from thirty 70 fifty years. made them
| coin bonds and payable IN New York and Lon
don. there is little doubtthat 3 q cent. premium.
| perhaps even moro than that could have been
got for the bonds, But the Legislature has
| adjourned, and will not meet again Tor two
years. so that the opportunity has been lost.
cI;Gnslsderab6lse activity prevails in Texas in
menced upon the following roads: Texas and
New Orleans. Tyler Tap WaXahachie. ana Bre-
mond narrow gauge. Cult, Colorado and SantV
| 70, Texas and Pacific. Denson Pacific. and
| Denison and Sabine Pass. with prospect that
the Dallas and Wichita and the narrow gauge
| from Houston directly west will recommcnce
| building during the year. OF projected roads
| sion OF the International from Austin to
| Brownsville and the extension OF the Sunset
Route from San Antonio TO the Rio Grande.
Col. Huntington is reported in the Galveston
| Nelrs rs saying that the southern Pacific Rail
road will be built 70 FL Paso IN two years II is
| now completed l15 miles east OF Fort Yumn
aud 925 miles from San Francisco. and has rails
| Tucson.
The bids for e215O. 900 Of So p cont. stock
| offered on the 18th instant by the London Met
ropolitan Board OF Works. amounted to e5, $780,
| WV Inc awards were made NJ lOl.32 and up
| ward. and the latest quotation OF the stock was
1921 to l02A.
:, The drain upon the money reserves Of Great
| Britain By the last few years OF bad trade be-
| gins 10 show Itself In a statement Of the con-
| dition OF the banks Of the United Kingdom
| published in the London Economist OF May H.
we iota % depostS - given at $500 OOOO0O
decrease Of 100000 600 which. since Il has not
gone into new enterprises. either at home or
abroad must represent lust SO much money
New York Markets.
49, WEDNESDAY. May %. Flour AND MEAL
:paa: * and XXX XXX 81 sio'S S' q N,.T
patents. f. 5nsSs, elN sh.mnE eNtra,. sap0sS5i0;