The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-13

The stock market opened with good gen
eral demand and advancing values. The
Granger roads trunk lines. and Western Union
Telegraph were higher but the most decided
improvement was in Louisville and Nashville
10 10. Coal shares were dull. There was re-
yivHl OF activity in Iron Mountain. but the open
ing advance was not maintained. ST. Louis and
San Francisco shares were more active. and re-
covered portion OF the recent decline. The
market weakened somewhat after p VI; The
more important changes We're; Advanced-Alb.
S ESn. ss' rae C. St. p saf &c1 H" Gn e
=, Declined-Can. Southern. 4 Chicago and
Alton, =; d.. l.: and, W. y; Fort Wayne i:
ferred. Il Lake Shore. y n. J. Central. =; n.
Y. Central. IL Wabash. IL.
Railroad bonds we're moderately active: prices
yer and Rio Grande nrsts, which. on renewal Of
active demand advanced from 93'a 10 o., Erie
and y. j. Central issues were weak. Govern
monts were quiet, with Dist Col. 3.65s slightly
depressed.
We notice sales TSSg2rtea Of Old EI Ere second
Sept. |, and their holders will then be entitled
10 receive exactly l03ls aud no more. il must be
that they are bought with view to an arrange
ment whereby their time OF payment will be
extended and new sets Of coupons given. We
heard some time ago that the company had
sGreed 70 make these 9e Mo e9uPoes cent
mission for negotiating tho extension. but our
later information IL 70 the effect that nothing
has yet been decided In regard to the matter
The bonds reserved under the first consoli-
dated mortgage for paving on the prior mort
gage are SAID 10 De unaNhllhDle, because they
were not fully signed and sealed, when the old
Erie Company went into the hands OF the
receiver. and nobody now can complete them.
Eric stocks and bonds are depressed by the
omission OF the officers OF the company to issue
q statement OF the earnings OF the road for
April. No news in such cases Is Interpreted
10 mean bad news.
The Treasury Department reports the total
amount Of bonds sold for refunding purposes.
since March / 1877. ut $S03 095 100. or these
sos 900. 600 have been ia 2 cents and the rect
A - An a rasft q IL
effected is. altogether. t13 ,63s 65l. The 500 600
600 called 5-2Os due July 3 and 4. will be paid
July |. without rebate.
A vote taken this morning on the Income Tax
bill in the House OF Representative, showed
lOi Tor and "a against IT, which though not the
necessary two-thirds to suspend the rules. indi-
Gates that majority OF the House are in favor
OF the measure.
In Wow OF tho steady demand for coal and the
limited supply Of II, the Philadelphia Ledger
says that the principal producers have IL in
view to advance prices in June rs cents per ton,
and in each month following 25 cents per ton
additional, until u total advance Of 81 per ton
| has been made The only companies said TO
hesitate in tho contemplated movement are the
| two or three marketing inferior coal through
recourse TO auction sales.
The proposals for the new Pennsylvania State
| loan Of S2.O00,O0O have been enlarged so rs Ia
include 4 4 cent. loan, and the time for pre-
| senting them is extended until June 10 nj noon.
! Bids arc asked for 3, A., and also 2 cent
| bonds and the most favorable bids Will be ac-
cepted though no bid at less than par will be
| considered.
Arrangements have been made with the stock
| and bond holders Of the st. Paul and Pacific
| Railroad Company by which ST. Paul will vlrtu.
! ally be the eastern terminus Of the Northern
| Pacific Railway.
The New York Central Railroad Company
| according TO the report Of the State Assessors
! pays more taxes than all the railroads and ca
nails in Pennsylvania, and more than the Michi-
| gan Central the Pennsylvania. and the Balti-
moro and Ohio roads combined. In tho -four
| towns OF Amsterdam Mohawk, Paatine, and
| St. townsville Il Is assessed for over 81 OOl
| out OF tho entire real estate assessment OF
| S3OQO,0OO. In Montgomery County 1t pays one
| third OF the taxes assessed on the real estate oil
| the county. In the town of Whitestown il also
| pays ono-third Of the real estate taxes.
| One OF the best signs OF the increasing wealth
| and financial independence Of the West is the IA
| vorit shows to its own local securities The chi
| cagO Ifibuue says in n recent money article
| "A strong demand has sprung up for irst-class
| city ana county securities. one heavy holder
| reported an offor OF liz for $4,000 Chicago Is
| but this was outside the market. There were
wore sold at 1867 $25 900 Chicago Is at III
| mlll36, and 10000 Cook County 6s at luOk
Az these prices are exclusive OF the accrued
| interest"
The first Of this years crop OF wheat reached
| this city to-day from Americas, Ga. IL wa'
| barrel OF -four from spring wheat grown OF
| the plantation Of Capt. John H. Addorton O
and threshed on the 2d Of this month. Capt
| Addcrton presented ii to the ladies OF the Epis
| copal Church, who are trying to raise thoi
| church debt OF $500, To aid them the barrel II
to be auctoned in tho Produce Exchange at th
| close of business tomorrow afternoon.
The Stock Exchange elected the regular tcke
to-day, as follows; President, Brayton Ives