The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-28

Al.J
The stock market continued dull. hut was
generally stronger. The most conspicuous
features were tho comparatively FREQ OF
mGn and the o4S desssa r Kan Kan
sas city and Northern. The trunk, lines were
generally quiet, bu, in, the later dealings 81
Paul was active and higher. and there
Mail ut advancing figures. The more
h %a9SHd R5sRS fsahI no NSrhwe @SFS
preferred. ,, ST. Paul preferred, p St. Paul
common u, Lake Shore. = Michigan Cen
H5an NORM &Ra o9a p Essax union Fs l
=. Pacific Mail / Hannibal and st. Joseph
ferred. l. Deciln"dSWestern Union. i; Kun
sns Pacific. |; Manhattan Elevated. / New
York Elevated. a Quicksilver preierred.l
Government bonds continued TO show con.
siderable activity at improving prices, except
for the currency skies, Louisiana consos
were active. advancing 10 80. but closing at
4sh. Railroad bonds unchanged. except an In
creased demand for New York Elevated hrsts
an advance. Money on call was rather dearer
at2hG4 Y cent closing at the higher rate. The
dry goods imported NJ New York the past week
are valued at tl.O246OO.
The nrmness OF the coal stocks continues 10
excite the wonder OF c nservative operators.
To any one who examines the situation ds pas
sionately the total ruin OF the great conl CONF
nnnirs seems inevitable. For example. the
Delaware. Lackawanna and Western is selling
is coal NJ an average price OF S225 per ton.
The actual cost Of the mineral. loaded on the
cars NJ the mines. i 81 per ton for hnor alone.
~ not less thnn = cent e ton 4 mile. or 10 cents
e ton for the whole distance. and 10 cents p
ton In addition is paid for labor IN delivering
H. max lng the cost here AZ New YORK sl.e5 =
ton. THIS leaves profit Of 40 cents = ton ogt
u which 10 meet taxes. Interest. and rentals.
The Delaware LAckawannN and western pays
for the Morris and Essex Railroad alone. in in
terest and dividends 81 100000 more than IL
earns which is equivalent to 10 cents y ton on
d
600 or 80 cents T ton on 100000 tons is
needed To- meet the interest Oh its own bonds
is deficiency OF 35 cents 4 ton, or over 81 .OJO.-
uOO o annum, which can only b. mnde up by
borrowing. The same figures are substantially
applicable 10 The case OF me Delaware and
Hudson. the Reading. and the L"hlgh and
Nilkesbarre companies. They are all selling
coal at price Insufficient 10 detray their hXed
charges. ana unless there Is a very considerable
advance in prices soon they must 20 under.
Small sales Of southern Railroad u cent
bonds have been nude NJ Cincinnati. at 1881
and interest. and Newport Water Works 1880
bonds have sold at lOl and interest
petition 10 the Mayor and General Council
OF the city OF Louisville has been prepared ana
Is in circulation in Louisville. praying for re-
peal Of tho ordinance lntely adopted directing
the sale OF the stock owned by the, city in the
Louisville and Nashville Railroad Company.
The President and Vice President OF TIE COM
pany are exerting themselves against The con-
summation OF the sale.
The total amount ~ bullion in the Bank OF
England, namely. E35 l43 59j is the largest on
record. At present the Times says there is no
reason to think that this immense sum will not
be considerably exceeded.
The Birmingham cores pondent OF the Lon
don Times says that the only comforting Incl
dent in connection with the iron trade nj the
present time is that the Upton Drainage Com
mis.ioners have now raised nearly e2l 600
which Is more than half OF what is required to
rescue the mines in the district from threatened
inundaton.
The committee Of the creditors OF Wheeler.
West K Co. of Pitsned Mass. have succeeded
in separating the affairs of that firm from those
OF West X Glennon OF Dalton. and report that
West Il Brother should pay 40 cents on the dol
lar in 30 days. Nearly all the creditors present
voted to accept such compromise and the
| Vests will endeaVOr to raise money on their
property ut once. 1t will require over s6i 900.
JapRn's official customs returns for April
| show an excess OF imports over exports Of up-
ward Of s20OOOO0. As there has been no SINH =
| with anxiety. particularly AS the outgo OF specie
also exceeded the income by s2.000.0O0.