The sun., 1879-05-27


MONDAY. May 2G.
The stock market openod with an active busi-
ness in coal shares, at advancing prices pro-
NOTED by mn advance In coal, together with tho
announcement that prices Will be iurthor adi
vnnced during the summer months. The coal
shares wore followed 10y the telegraph lines
and finally the leading railway shares, among
Louis. Louisville ahd Nashville. Iron Mountain
nnd ohio uni Miss. After meridian the buoy
anry wns checked: the coal shares were ensier
on the final dealings. but the telegraph lines
and Lake Shore preferred exhibited much
strength The final changes were: Adynned-
Del Luck. and Western. II Del. aud II Hudson.
-, Erie. az do. preiorlod. IL; CvC., {, aud L..
Ia Harlem /; Lake Shore. J.; Mich. Central.
preferTed pr np az e T. j. 1GSsHp GsaHtra = SortwesiorS.
! do. prcfcrred y i: Wnhash, =: A. aud u. Tele-
ggr9ph. W,stctn Union Tslegrgnn: II Az. RoD d.
Pacific. =; Louisville and Nashville. =; Kansas
and Toxus. =.
Railroad bonds wore quicter, but prices were
Northwestern. aud New York Elevated. Gov
ernmonts were barely steady, and lnrge sales
ES 21r nbpI pIr state bonds w WERE wsrS oae The
money market was excited and rates for call
loans ranGod from TO 4 per cent, closing at
The depression In Erie securities is partially
caused by IN over supply from English hold.
ers. The London Times OF the l4th remarks;
sell out at once brings down quotations, as the
English public does not buy Erie bonds or
shares nj thuir present high prices.
The buoynncy Of tho coal stocks ie nttrib-
uiabe 60 the announcement that the Reading
Coal Company Will next month advance prices
free on board at Port Richmond ten ccnts
ton. and prices elsewhere 10 orrcspond. An
advance Of twenty-five cents per ton will be
made July |. 10y the Keadlng Coul and Rail
road Companies combined, and ono OF htty
conis per ton Aug. | This is supposed TO fore
shadow an equal advance in prices by New
York companies. and, OF course. great In
crease OF their profits.
Tho fptnl tgpnuna ~ anthracite ponl for tho
week ending May II as reported by the SOW
! oral carrying cgmuantcs, amounted TO 34i 95O
tons. against 273 10 tons IN the CORES pond lng
week last year. an increased OF 7l.43l tons. Tho
| total amount ot anthracite mind Tor the year
is 7.9O3.i37 tons against 521 .107 tons for the
same period last year
Subscriptions 10 tho4 a centum refundng
certificates since Saturdays report. 81 900 900.
| The Secretary OF the Treasury has received nu-
the prices OF these certificates to that OF the "
| cont bonds. His answer Is TINT he Is required
| by Inv 10 sell them AZ par for lawful money. He
would like to prevent their going into tho hands
OF spectators. but lac cannot.
The holders OF called bonds wlfich mature he-
| fore the first day o. July next are requested TO
| send thcm 70 tho department for payment dur
| ing the month " June In this way the holders
| OF such bonds Will receive payment Tor them,
| with interest ~ maturity. before the bonds ma
! ture. Tho bonds should he addressed TO tho
- Loan Division. Sccretnry's Oiire. and all reg-
| istered bonds should he assigned 20 The Sec-
retnry of the Treasury for REDEMPTION" Where
| parties desire checks in payment for regis
| tered bonds, drawn to the order ~ my one but
| the payee. they should assign them 20 the Sec
| retnry Of the Treasury for REDEMPTION on ne
| count OF tho owner or owners. giving the name
or names thereof.
Tho city OF New York will have 10 provide
some time during the present year, for tho pay
| ment OF tll .4T3955 maturing funded debt now
| benring interest at the rate 81 G and7 Z. cent e
annum, Ofthls amount 81 900 900 will be- paid
out 81 the annual tax levy. and tho rest refunded
In bonds bearing not more than . cent, and
| perhaps A. = cent. y nnnum interest. The
| details q tho rounding Will probably DO ar
ranged during the coming month OF June.
A rumor prevails at Boston that Il is proposed
| 10 consolidate the control Of the Eastern Rail.
| road and the Boston md Maine on the basis OF
| Ave or six shares nf tho former TO one Of tho
| latter and that r. b. Phillips be President oil
both roads. aud Mr. Furber. the present super.
| intendent OF the Boston and Maine Railroad
| 70 be the general manager OF the consolidated
lines.
Silver is quoted in London to-day at 81 penct
ounce which is slight advance.
Tho London Fifdncier ol this morning say.
that the call for 81. 500 = share on the City .o
Glasgow Bank shareholders has only yielded ,
sum sufficient to pay u dividend OF 3s. 4d. in III,
pound making los. in the pound thus far paid
IL Ia believed that a far heavier cnll must b,
made before enough can be got to pay the liza
| hilities In full-posstbly Ms much a. 100000 OF
Gl5000 ' share. telegram from Glasgow
contradcts the Fnancier's statement. and SAYS
that tho liquidHtors expect 10 receive sufficient
funds under the last call to pay all tho debts o
the bank.
The annual report Of tho Pacific Mail Steam,
ship Company was ready for the stockholders
to-day. two days before the annual election
President BabcOck said in handing II out, tina
coming election. Mr. Henry Hart, II would have
been sent out before. The treasnrer's repor
ST earnings iRs year at s4s ss55Ss ana d & sTsT
So G52. .745.6G. showing net profit OF ti0l s15.O7
Il also shows a decrease OF liabilities o
t49S. .375.67.