The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-09

Railway bonds were less active and generally
cheaper. Tn" new Erie seconds declined To GO
and recovered 20 co., seller 30. The only other
feature OF moment was the large business
In Canada southern guaranteed at SO.gSO'4.
clos ng ut the higher figure.
The money market was without decided
change at 5@7 = cent. on cal, with 2 cent the
leading and closing rate. Sterling exchange
easier at 81 scat 4.s6'. tor pi ime 60-day bills
Transactions In the stock Of the United New
Jersey Railroad and Cana. Companies were re-
corded to-day for the first time. We believe TINS
year. 100 shares selling at 1876, and 20 ut 1861
The property Of the company comprises theo old
New jersey and Camden and Amboy Rnronds
and the Delaware and Rarltan Canal IL Is
leased to the Pennsylvania Railroad Company
for tho interest on til" companies debt ana 10
share rnnitni As 10 y cent on 1873 is equal 10
y cent on 95A4, the stock would seem 70 bc
very cheap At tho price nj which II is selling.
and worthy Of more attention from investors.
The clut OF unemployed money in England Is
| shown 10y the fact that yesterday the 3 h cent.
consols sold, for tue first time since 1888, at IS;
| The London Times OF to-day. in it, financial
article, says: Prices OF all tirst-class sccuri-
ties are high that capitalists are at their wits
| London discount houses are obliged 10 refuse
largo deposits offered from the provinces on
| account Of the lmposslblllty OF using them
| probably Three months bank bills are quoted
| at s@lh centum discount.
| tits difficult In Boston to lend money on bond
| and mortgage at q cent Agents OF capitalists
| are said to he engaged there in looking up we'll
| placed mortgages upon real estate which have
| expired or nearly So, and Offering 10 renew
a.
| lower than that
The annual report OF the American Steam
| ship COMPANY which runs the line OF steam
| ships between Philadelphia and Liverpool
shows that the gross receipts during 1878 were
| 1916 243 and the operating eNnenses 1854 300,
| leaving net earnings tl9l 937 These net earn
| ings were all consumed by agency. advertising,
| aud wharf expenses and interest on the com
pany - debt. and. IN addition. 81 Dab which
IL the deficit on the years operations. Com
| pared with 1877 the receipts show SGl .42S de-
| crease and the expenses $l3l 49, decrease. The
| Philadelphia Tunes says that the report Is en-
| cournging.
Tho annual meeting OF the stockholders Of
the Michigan Central Railroad Company. for
the election Of directors, Will be held az Detroit,
Mich. on the Sth OF May neXt at 10 o'clock.
The Tennessee division OF the ~. Louis and
Southeastern Railroad is to be sold tomorrow
under foreclosure Tho sale will be mere
matter OF form. to complete the transfer OF the
road to the L. uisvile and Nashville Railroad
Company, winch some days ago agreed Tor III
purchase with tho st. Louis and Southeastern
bOndhOlders committed. Tho terms OF tho bar
gain have not been made public. but It is be-
lieVCd that they include the payment ~ iull OF
the claims OF some OF the largest creditors OF
the St. Louis and Southeastern Company
The California Southern Pacific Railroad is
being pushed forward toward Texas with great
CELEBRITY, The road Is completed to Marlcopu
Wells. Arizona. "A distance Of 100 miles. Pas
srngers and freight are now carried through I,
CHA Bend, 100 miles east OF Fort Yuma ton the
Colorado RNerl and $50 miles from san Fran
cisco.
The partisans of the silver dollar in this coun
try have been comforting themselves lately viii
| rumOrs that Germany intended To largely IN
crrnse her silver coinage. Tho Frdihtiufc
Zeitung says that II has inquired into those ru
mors. and learns from authoritative quarters
that no such increase Is contemplated.
The Commercial ant Financial Chronicle pub
lishos tho following table OF railroad earnings
| from January to April |.