The New York herald., 1879-07-07

United States tours, 1907, coupon. 1919 102
In the London market yesterday British consols
strong sold up to 9slS a9shl for money. and
98 for the account. United States bonds lower
fours selling at 1o41a 1o4ss, AIS at 100 and
fives at LOG. Among American railway securities
Erie common declined to 2S5s 2ss4 the preferred
was steady at "a: the second consos fell Off to
7s4S and funded hves to 7s1z; Illinois Central rose
to 91s, Pennsylvania to 41, New Jersey Central to
53s and do. consols to 9sa. while Reading declined
to 20l4 The Bank Of England gained f102 900 bull
lion on balance Paris rentes to l16f. $50.
Some curiosity is felt as to the effect upon the
stock market of the departure Of Jay Gould. who
sailed for Europe yesterday the same vessel with
Mr. s. H. Clark, superintendent of the Union Pacific
Railroad.
The London Times. in its financial article. says:-
'rhe silver market yesterday rather fiat Recent
purchasers showed great disinclinaton to give
orders at anything above SD. per ounce The sup
plies short and holders did not press sales the
prices, therefore. were merely nominal"
The foreign commerce of the port of New York for
the past week follows:-I Imports of dry goods
and general merchandise 81, ,966 &c. and produce
ports, $6,273,0S3.
The total imports since January l, this year.
$157 49, against 1852 ga for the correspond
ing period last year, and slss. 1884, ABS in 1877.
The total exports of produce since January /, this
year. S15S 227 36S against SIT 596 for tho
corresponding period last year. and S13s. 433 in
1877. "a
The Manchester (England) Guardian says the ruin
ously low prices obtainabe for cotton goods Lead
ing to very decided curtaiment Of production.
There signs of the extensive adoption of sys-
Of short time working in the factories at Old.
ham. and it seems very probable that this movement
will rapidly spread. ~
;1.1o rtIa IL,
new railroad to extend from Harrisburg. Pa, to
Poughkcepsie. N. Y 1t asserts that by the close Of
this year there will bo ftynne miles of rails laid
in Pennsylvania alone. The line commences at Har-
risburg passes through Johnstown to Scranton. En-
tering New Jersey and passing up the Paulinskill
Valley, it crosses at Augusta branch of the Sussex
Railroad. and at Deckertown crosses and connects
with the New Jersey Midland, short distance fur
ther with the Erie Railroad. and extends by way
of the Waikiki Valley to the bridge at Poughkeepse,
the whole distance from Harrisburg to Poughkeepse
being 1870 miles.
1t is reported that the lines of the Dominion Tee-
graph Company of Canada have been leased to the
american Union Telegraph Company of the United
States the following terms:-"The American
Union take up all unissued stock of the Dominion
Company. viz. S2s0,0OO. at so per cent. and have
already paid over to the latter company $3.50 400.
leaving $4,000 be used in extending the lines i'm
proving the system. &c. The American Union Com
pany pay interest Dominion Telegraph bonds
$50 OOO aud at their maturity pay the same off and
nav quarterly in advance per cent on the capital
of ST. 100000. the first quarters interest being now
in hand. They also pay $4,000 per annum for the
maintenance of the companys organization. such as
Board secretary, &c. Tho Canadian Board is 10 be
maintained. The lease is for ninety nine years from
the LIST of July inst. and should the American Union
Company in any way fail to carry out their agree
ment or pay quarterly dividends. interest on
bonds. &C.. the Domi-ion Company. at the expira-
ton of thirty days, empowered 10 terminate tho
lease"
despatch from London announces the Economist
for this week saying:-"The rate of discount for
bank bills, sixty days to three months. is u per
cent and for trade bills. sixty days to three
months, II. . per cent. In consequence
of the commencement Of the new half
year and the exceeding readiness with which
money is obtainable loans upon stock
there has been somewhat more disposition to pur-
chase stocks. First class securities. such consols
and the best European and government stocks. met
with better inquiry. Business the Stock
Exchange has been somewhat checked by the
badness OF the weather. Doubtless few
fine days would cause q considerable re-
vival. Except turkish ana Egyptian most
foreign governments higher Brazilian
securities lower in consequence Of Brazils
financial difficulties. Bolivian bonds fell sharply
on Friday because the Court of Appeal decided
to grant injunction staying for week the
distribution of the money in the Bank of Eng.
land to the bondholders, as to give the railway
promoters opportunity to appeal to the House of
Lords. Hon railway securities have been irregu-
lar and entirely dependent on constant changes in
the weather. Colonial railway securities are mani
mate despite the continuance OF the agitation for the
amalgamation OF the Grand Trunk and Great West
ern railways of Canada. American railways are
again Arm. New Jersey Central and Now York,
Lake Erie and Western mortgages have risen 1
per cent. and q number of other mortgage bonds y
a | per cent. Anglo-American Telegraph shares are
a per cent higher.
The following the closing bids Of Thursday
for state sccurities;-
~ as. tnn