The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-17

Tho stock market was enlivened by an excited
movement in Western Union Telegraph, open
INK mt ll0is. advancing 10 III. with the closing
price III. and sales aGcrecaiing 5000 shnrrs
Lake Shore. the Granger ronds. ana Delaware.
Lackawnnna and Western were also active hut
at variable prices with teVeriSh tone 10 the
speculation. The lighter or newer fanrics were
without important features. AT the close prices
were irregular. hut mostly easier. though
pa Tor Western Union Telegraph
Railroad bonds were in hut moderate de-
mand. METROPOLITAN Elevated recovered most
81 the recent decline; 50 did Rome. " AMI q.
The most nctive were Denver and II. q. lsts.
the new Erie So. and G., C., G. and !. lists. GOV
ernmenis were quiet, but firm. District 81 Co
lum0ia 3-65s steadier. but State bonds dull.
Money on call eusier Mt SOS 2 cent closing
~ the inside rate. Sterling exchange easier nj
si.S7A0 SASH for prime 60-day bills. removing
for the present the probability Of an export Of
gold. Imports. Of Try goods for the past week
are valued Mt 81 ,96s753.
Subscriptions TO 2 cent rounding certi-
flcates swell yesterdays report s65l 29O.
story obtained currency in Wall street this
morning that the Western Union Telegraph
directors had nj last " cut the melon" that H..
resolved to divide among the STOCKHOLDERS the
stock bought in some years AGO. Ii WIS also
said that cash dividend OF z cent. had been
declared. Neither Of these reports proved to
be- true hut they served TO put the price Of
Western Union stock up to ia for a while.
An interest hin has just passed the Assembly.
and will probably be concurred In by the SON
ate. which amends the statute on the suh''ct l'y
providing that on and ait,r Jan. |. 1850. tho
rate of interest shall he except IN existing con-
TRAITS 2 cont instead of 7 Z cent: laVlnE. rs
We undorstand n. 10" Uenalti"' tor taking more
than the legal rate the same as before.
The scheme for scnling the hNnds Il tho Co.
lumhus. Chicago and Indiana Go. 'irnl Railroad
Company. adopted ~ "a" hondhoG"r~ .... ..-' 2;
yesterday, has h"i the effect of drpress nE the
price ~ the h'.,ds. Tho prevailing impress ion
is that 1t ia LOT possible 10 mt tho matter into
such II shape hy Jan. /. 1850, ms 10 hold IN"
Penn yyanl Railroad to the payment Of rent
under the lcasa OF the road. and that some kind
OF a compromise will have to be made.
OF Chicago. S. Paul and Minneapolis Rail-
road stock the Chicago tribune SAYS: Now
Workers rate the value OF this property n creut
deal higher than Western people DO Very it,
some - our best judges Of railroad rrop"riitS
think the Chicago. -. Paul and Minneapolis
stock wort less Their opinion is expressed hy
IN" remark or on" OF them that II man w"ro
given the road outright free OF debit. he would
siarve to deuih IN running IL. The man who
built tho road lost all he Ind in it, and then COM
mittrd suicide OF another popular Wall
street fancy. indianapolis Cincinnati and La.
idYrtte. the snme paper says that IN the event OF
get 2 Y cent In bonds and 6 e cent in stock
| Tor 2 q cent. in cash that is t. say. II man
has 100 shares. OF the par vnlne of 5000, by
| paying 500 he can hnvc 500 bond and stock
TO the par value OF $500. OF course If he does
not pay anything. he cannot get anything.
/ Two Rotterdam trading companics-the
! Airiknnnlsche Hnndelsvcr"eniging and the
/ tOWmunditorc nkV"reeulEinE-have fnlled
Tho total ot thoir liabilities il about $3.50 600
They have some London connections. hut tbe
/ losses are mostly in Holland NJ l.. Bnuer &
Co.. tho London ugcrts OF tho A'rikaanlscht
/ Hnndelsyereen lying, have suspended.
| The authorities 81 Wllinmsport Pr. propose
/ 10 the holders OF thrir bonds l. To my tho in
terrst in arrears and GO p cent. Of tho fnrr nj
the bonds in cash; 2. To pay the bnrk interest
az once in cash aud 50 7 cent. of the bonds
! one-lourh in cash and threr-fourths in new
or D. To pay the interest I'm full and 90 u cent
OF the face OF the bonds in = cents MS before