The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-14

ierred. X; Lake Shore Y Michigan Central.
Z Northwestern. do. preferred. y; Ontario
and y. preferred Union Pacific, Y Atlantic
a rolod paGhc TeNlaGraph Amo5icnn District
Railroad bonds were quiet. except for the new
Fries aud Rome WATERFOWL and OgdcnsburQ;
the former steadier, and tho latter making a
further advance OF about Y cent. Jersey Cen
trail issues were stcadier st. Pauls were neg
lected. Kansas Pacinrs declined. Governments
cents and u GOOD business State bonds quief
Money on call 1904 v cont Imports Of dry
goods the past week are valued at 1894. 304.
We were wrong yesterlay in saying that sub
sidiary liver coin must be sent TO Washington
IN order to get lawful motley in exchange for II.
me act provides That sucn coin may be pre-
scented for exchange to any Assistant Treasurer
OF the United Stats.
Prom all that we can learn tho recent advance
o. hc price OF coal has had the effect OF materi
ally checking the demand for II. Dealers say
that while there Is considerable doing IN filling
old orders. new ones como in sluRgshly. IL
may be, after all, that the New York companies
IRE right. and that n restriction OF production
is essential to the maintenance Of higher rates.
Tho now 1910 Virginia bonds are held in
Baltimore at 5lh with 5lh bid II Is under
stood that the funding operations have gone
into effect 10 some extent. but no bonds have vet
appeared in the market. They are offered for
delivery in ten days.
Justice Westbrook granted an order nj Albany
yesterday for four crossings Of the Troy and
Boston Railroad track. This will end the con-
Junction and Hoosick Falls The new road Ia
to pass under the old track save at the Falls.
where the crossing II at grade.
At Paris. Brussels, Berlin Frankfort and
Leipsic the interest OF money Is IL per centum
in the open market. The London Times Of this
morning says that there is ample evidence to
show that although the floating supply ~
money Is considerably less than 1t was. mnter-
ally higher rates for II Hre at present impossible.
The indications nre that no change in tho
money standard will be made at present 10y the
English Government. Leading men OF both
parties have expressed the opinion that silver
price. and that thus the chief inccn-
live TO action in the matter-the low
st For example, in the House Of Commons
last night. ~ the icbnte on the Indian budget.
tho Right Hon. Mr.. GOschcn pointed out that
the main causcs Of the dopreclntion Of silver MS
American over production and German demon
ei2atton were not likely to continue in operation
upon high authority that tho German Govern
men; id not intend 10 sell any more silver. he
strongly advised the Government not To make
my radical change In the existing system OF
Indian coinage. Mr.. Stanhope Under Secre-
tary for India. expressed hs agreement with
tho greater part of Mr. Goschcn's speech and
added that he recognized the difficulty Of deal
ing with so delicate q subject. despatch re-
OF tho recent rise in silver in London was the
publication ot n letter 70 Mr.; Stnnhope giving
the views of Lord Odo Russell. the British AM
bassador 70 Berlin, IN regard 70 Germanys
coinage policy. This letter confirms the an
nouncernent OF the German Governments de-
present Tho letter savs that the German Gov
eminent has 1l0.OOO.U0O in silver on hand,
which will Increase during the suspension Of
ealcs and II il added. on the authority Of Lord
Odo Russell. " that IL Is generally believed hy
inanrini men In Germany that the Government
II preparing 20 Introduce and adoUt the double
STANDARD. MS In Frnnce.' Silver was quoted in
London to-day at 52lsd. = ounce
Tho stockholders of the 81. Joseph ana West
ern Railroad Company have elected the follow
| ING directors: William Bond. J. j. Sloeum. G.
| W. Osborn. Jay Gould Alfred Mitchell Russell
Sage. and Sidney ID Hon OF New York. + l..
SaSton % 81. Joseph i. \. Merril Of Hi@waina,
| kausgs: Edward Knowles Of Srneea Kansas
| and Frank Schmidt ~ Marysvllle. Kansas.
Tho subscriptions 10 the per cent refund
! INK certificates ence yesterdays report have
I amounted b sG6.02O.
Captain General Bauco Inns decreed that from
| the LIT Of July all contributions aud other pay
| menis into tho public Treasury must be made
! In gold. admitting foreign silver only for irnc-
! tons ~ one dollnr Tho Treasury will receive
silver Spanish coin unllm!tetly according to its
| value relative 10 spanish gold coin.
Since Monday last. the day sct Tor the begin
| ming OF the conversion 81 the 4 n cent. refund
ing certificates into cent. bonds. tl3 600 900
! In certificates have been received by the Treas
/ ury for conversion. When this operation is
| completed. tho certificates will be destroyed
| Persons who hold one certificate each will have
| 10 pool them until they can get together enough
| 10 convert into bond. and then 20 shares on
the sale Of the bond. before they can realize
| anything on their separate certificates.