The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-21

ERIDAY. Inna %.


The stock market was nearly repetition Of
that Of Yesterday; an active and rather flriner
opening followed by quieter and barely steady
closing. Western Union Telegraph dropped
from ll2H the last sale with dividend to 954.
tx dividend. The final changes in tho more
nctiye stocks were: Advnnced-Delaware,
GsoH Kansas H%a Pa Loasys and
Nashville. IL Michigan Central. = 81. Paul,
: 40. preferred. = ka9sas qnd Isxas =;
Elevated. 3 Pittsburgh, = Kansas City and
Northern. =. Railroad bonds were active for
advance in new Fries and the Rome. ". and O.
nrsis. governments opened lower. with large
eossd rmS MGnSy oS ca per o snt
The city OF Philadelphia got auth ority at the
last session OF tho state Legislature to issue
$4,000. 900 OF bonds for the purpose Of funding
Its floating debt. Now its officers are struggling
with the problem whether TO make the bonds
bear or A = cent interest, and whether to
make them payable In ten twenty or thirty
years At the latest advces they had come to
no decision In the matter.
Lake freiGhts from Chicago to Buffalo arc
down to = cents Y bush. for oats and y cents
for corn and wheat.
A plan is said to be on foot TO Gust the Indian
npolis. Cincinnati and Lafayette Railroad from
the use OF the Lafayette. bloomington and Mum
and then for the Cincinnati. Lafayette and Chi
cago Lafayette Muncie and Bloomington, and
Junction Railroads to run a through line from
Cincinnati to Chicago.
The litigation which. for hve years hns been
in progress between the Cairo and st. Louis
Railroad Company and its bondholders on one
side. and the Cairo City Land Company on tho
other. Inns been compromised. The railroad
company Is 10 pay $1,000. II to have full pos
session OF right Oi way into the city, depot
grounds, and river frontage. for an incline on
which 10 ship cars across the river and all suits
on both sides are 10 De abandoned.
Nearly all tho railroads in Iowa are extend
Ing their lines westward. The Chicago. Mil
wuukee and ST. Paul Railway Company are lay
INK track on tho Iowa and Dakota division ot
thor road ui the rate OF one and on"-hull miles
per day. aud have about 600 men employed in
the coustru ton of the road. About three
f0urhs ~ the road from patorsouVille the
present terminus. 30 the james River has been
graded. "a distance OF ninoiy.siN miles The
work 90 locntlng tho route from the James
klver 10 Fort Thompson. on The Missouri River.
viii commence this week md hn pushed ~ fast
~ possible. The road will bee built to the VI is-
souri, RIVER. this fall If sufficient iron and tics
can De obtained.
Tho British trade and navigation accounts
| for May show decrease ~ nearly II per cent.
| in the Imports, and a small increase ~ . per
| cont in the exports. compared with May last
year. The falling on in the value OF the i'm
! ports is described 10y the Times "a n very ser-
| ous one. since II compares with the figures OF a
month which itself showed O. decrease of over
| 10 urr cent on May. 1877. Aud 1t says that the
slight Improvement IN the export values does
| not suffice TO compensate for tho falling on in
| cent. " Not much indication OF a revival OF
| trade is given 10y the figures on either side ~
! the trade account Nearly all articles Of raw
produce imported last month show considera-
| be reductions in both quantity and value"
Tho gross earnings Of the Burlington. Cedar
| Rapids and Northern Railway Company for the
| week ending June H., We're f25 454.2S; same
/ week last yelr SOB OiS %: increuse SlOGO5