The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-26

There was another dull and generally weak
proved however. on the rather unexpected ad-
ynnce obtained for. coal at the auction sale.
Western Union and Atlantic and Pacific Tele
graph were higher, but American District Tele-
graph was decidedly lower The more impor-
tant changes for tho day were: Adyancod-
Union. q; Delaware, -Lnckawanna and West
crn, q Delaware and Hudson. u; Morris and
Fs se Mali n9H i rSGMG Mountain DS eelined
Rock Island. u; Northwestern preferred. =:
Northwestern common. =; 81. Paul preferred.
Telegraph, Ia Chicago and Alton y Chicago.
Burlington and Quincy = St2ndard Mining.
Railroad bonds were generally dull and
Rome W. and o. frsts declined IL in the later
dealings. The new Eries were active, but
God %er e oar
variable. closing at IL x. Money on call 25.@gS
.hs7S for prime 60-day bills. The St. Paul and
Minnesota Railroad Company will nay on the
fret Of July. Ct their office IN this city, an in:
indebtedness. Tho coal sale weat off at an adj
vance Of 10 cents per ton on May prices.
Sales ut auction wcre % shares Citizens
Fire. 1927; IS City Fire IL; 40 Manhattan
Loan. duo 1883. 1917: 5000 Rochester and
sbsrss se Ngw Ye&tS s zoo Shares sh
Avenue Railroad and sllO scrip. $500.
The prices Of coal obtained at the Delaware
lsi'kuWlulllu anu ntSleTu udtllpn Hhit NtTts
Crate. s2.l7ii to s22O; egg. 1920 TO s2.22H;
stove. t2.52's TO $3.50: chestnut. s237,s. the
sale OF the same =. company n May the prices
s2l2's; stove. ~ 40 to s2.l2ii. chestnut. f227is
This shows an advance of 10 cents a ton on last
months auction. but decline Of 10 cents as
compared with tngnew schedule prices adopted
at the beginning OF ne month. and affords little
ground for making the further advance Of %
cents predicted for July l. Tho progress OF the
dry rot In tho coal companies Is indicated by
ne sales OF bonds made SINCE Jan. ! by the
Delaware. Lackawanna and Western Company
to the amount OF 81 $50 00O. presumably 10 cover
deficiencies.
The London Times. in It's financial article this
tho close yesterday was eteadier than it
had been during the whole Of the last
week. 1t is said in some quarters that
and il is even thought that the demand for Aus
triais imminent. There is hardly any demand
for India. but should Austria prove 10 be a large
arrested"
Tho lensc Of the Ncsauchoning Railroad to
the Lchigh Coal and Navigation Company has
been renewed for five years. AT a rental Of =
cent. upon the capital Of the NesquehOnng
Company. Heretofore 10 y cent has boon paid.
Tho net earnings Of the lines Of the Pennsyl-
show a gain for May. 1879. Of 500 sci over May.
1873 and total gain for the first five mont u
this year Of $500 O9G over tho spending five
months Of last year. The lines west Of Pitts
bprgh show Enin during the FIRST Eye months
in net earnings Of ssii .G5s. which is mere Than
q cent. on the capital stock of the company.
Tho Mayor Of Philadelphia recommends that
the iortheo.Aing $lOuQOOOo loan OF the city
shall bear interest at cent. per annum; that
the bonds be FREQ Of taxation. and that they be
made redeemable after ten years and payable ut
the expiration OF thirty years.
After the LIST Of July the lcgul ratio Of interest
in Illinois will be e cent. where the rate is
not mentioned. and q cent. the highest that
can be agreed to be paid.
In Cincinnati; on Monday, primo business
paper was readily negotiated at GG7 4 cent
and mainly AZ the inside figure, the amount of
money seeking such investment being in excess
OF the demand. On prime colluterals money
was obtainable at r cent. on call or three or
four months time. and call loans We're made rs
low MS q cent on Government securities.
1t IS said that n propos iton has been made 10y
tho Iron Mountain Railroad Company of 81
Louis for the consolidation with the Texas and
tious TO this emil have been referred 10 commit
tees appointed on behalf OF the two companies.
Tho Atchison. Santa rs and Topeka Railroad
managers announce that they Will have trains
running to I.eadvilc. Colorado, by Sept l.
The Supreme Court 81 Massachusetts, has
sustained the demurrer He'd by the State in n
S aGEy 6FSasht o %sSnn The The Ty 9nd
missed. The bill WAS brought to compel tho
State 10 allow tho railroad company 70 redeem
and Hoosac Tunnel
The Board Of Directors Of the Cleveland. Tus-
caravans Valley and Wheeling Railway have ap-
proved the issue of 5000 seven per cent.
semi annual coupon bonds, approved tho IN
crease Of the capital stock hy an issue OF pre-
TERED stock To the amount Of two million Dol,
lars 20 convert all first mortgage bonds issued
by the Lake Shore and Tusearlwas Valley and
Eyria and Black River Railway Companies
into said preferred stock: authorized fur
thor increase Of its capital stock by the issue Of
| second preferred stock 10 tho amount Of
| S2uOuOuo for tho purpose OF converting all
| other mortgages OF the company into this Sec
| Ond preferred stock.
The Ofcial Gazette Of Havana publishes n
detailed statement OF the receipts Mt all the Gus
| Neuapa fhN island fur Nav pf which fta
| following IS an abstract: Total import dutos,
al 432 i26 AZ; total export duties sl.257 $500
| total navigation dues. sl6617O.56; total fines,
S43il .35. total contlscatlons 81 $50. %; total
! deposits. S4S.40; total S2.S62. 799.l3. The total
customs receipts for the same month last wear
were s2,334, 2bg.7s showing an Increase OF
| s52S .+99.35 in favor of tho year. though as tho
| amount Of collections in May 1878. included
| S316,S12 OF extraordinary imports OF war that
| have hcen abolished since the restoration oi
| peace, the actual eNcoss al receipts in favor OF
| Nay. 1879. may Toe fairly stated in round mum.
here ~ s90O000. The gathering Of tho sugar
| crop having terminate IN consequence of very
heavy rains throughout the island. II IL csti-
| mated that the product Is about $4,000 tons in
| excess OF last years crop. Notwithstanding the
| enormous loss of cane by fire.
A Denver despatch says: Justice Miller Of
the supreme Court Of the United States this
morning. on motion Of the Rio GraEde Com
| pAnYs counsel TO execute the mAndnts ol the
| supreme Court IN the Grand Canon case w.ut
into general review Of the mandate md stated
| in plain terms that the priority of the right oi
| the no hrnnde company . NE Grand Canon
| for two tracks that before The Rio Grande Com,
| pany could he granted prior right under the
! manlntc they must first pnS the SHutn FL Com
| pany me cost OF the CONSTRUCTION OF the road
| through TINT part Of the caNun known rs Royal
| Gorcr aud they could not occupy II until they
| had paid for IT, Then the right OF the Santa
| L" Company to occupy he track lointiywi;b tho
Rio Grnndo Company must Wtcrwurd no settled
10y the court llo would not turn tn SANTA /,
| Company out Of tho cahon, but there must be a
! sprely settlement OF those difficulties Hnd hy
hoth parties coming together and settling On an
equitable hasis."
| Stock Exchange has failed. His liabilities ar,
! stated NJ about go 600
\ Berlin despatch says. AT their monthly
| meeting the directors ~ tie Imperial Bank %
Germany passed q res oGiion declaring that AZ
! iucr"aso oi the silver coinage o! Germany /;
| imperHtlyviY necessary