The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-24

The stock market was again nlDf fiy,e Ii and

The stock market was again frverish and
irregular, though showing considerable ac-
tivity in the dealings. Enry in the day there
WIS an important advance in American District
Telegraph, Hannibal and St Joseph. and St.
Louis and Iron Mountain; hut not much varia-
ton in the trunk lines: tho Granger roads, or
the coal shares. The khnsnse- were rather
neglected Ohio and Mississippi common be-
came very active ~ the second call; hut III inc
later dealings the whole market gave way, and
were: Adyanced-Am. District Telegraph. 4;
Albany and Susquehnnnn. II; Kansas Pacific,
=. Derlned-Cnhada southern = C,C.,C. and
Ind, =; Del. l.. and Western. 7, Del nnd
and 81. jo. t:do. preferred. < Mich. Centrai,
u; Mo-, H. and Texas. lAt Morris and ESseX.
N29riewTwSislrn. II o. nr9lpprTrr e Z, hocS
Railroad bonds were without much activity.
except the issues Of the Elevated roads winch.
with full transactions, were higher. the Metro
politan going up 495 4 cent. closing NJ l0s't.
Denver and II; G. lists declined. and the new
Fries weakened nj the close. Governments still
very strong. but not active. state bonds quieter,
and Louisiana consols | lower. Money on call
800 = cent, advancing 70 the latter rate townrd
the close ot business. The imports OF dry goods
the past week are valued ut sl.Ol9.35i.
Subscriptions to the ( r cent rounding cor
tnratrS since Yesterdays report Sl,SH3,iZu.
The Secretary Of tho Treasury gives notice that
rs IL has become apparent that the remain Her
ut tAr crr,il 'ateS uusold will not last more than
six DAYS. nppu'"uons for d"s!-n1tion as DE-
po-i'ar.rs ior their sale hereafter received Will
be declined.
United siates bonds in London are reported
by to-days Times MS steady. though not in
marked demand. They are getting too high. IL
says. To attract investors who cannot shut their
eyes 20 he inct that there has hceu good deal
OF imitation in the prices OF United states So
curities l.teY Resumption, 40 called has been
,s'Guai Tor q great ouinueel oi specu atlon,
which has laid hold 81 stocks. in many instances
high prl ,"d boiorn the Initiating movement be-
gan. The recent Speculation ~ silver hns
partly. il not wholly censcd. and the market
has become comparatively quiet.
II was announced. little while ago that hold
u s.nHFHa ,. .
Tennessee had sicnif'd their willingness 10
accept new ionds NJ = cent. interest 'or 30
nation 90 THAI eject was issued by the Cover
nor Of IcQncsse' and Aug. appointed rs tho
day on which the people OF the State are TO vote
for or against the settlement II now appears.
according to the Nashville American. that tho
asserting bondholiers own less than sjOuuuuO
out Of an aggregate Of s2i 600 900 Of the state
debt. II this be true the peoples Not" Will hc ot
no effect. and the proposed settlement Will iail.
Tho opinion Of conservative investors in r.
gard To mining stocks Is well expressed oy Alr.
Boueiclult. the actor. who has had considerable
experience IN the matter. lie says: Mining
stocks must necessarily Oo gambling stocks.
even the best ot them. NJ one can see further
than what is apparent III the mne-l mean that
the very test nine may peter out in month.
Halfway stocks rest upon more real basis
IN view q tho prevailing low passenger fares
u difficult to un lcr-tpud tho value attached by
Wall street Spectators To- combinations do-
signed 10 Increase COMPETITION alreudy rum
our. Roads viii ia cannot sustain themselves N
local business cannot earn dividend, los carry
INK through freight and Iu-s-n-"r~ ul cost or
under aud the fact TINT they hc ONO Inks I'm
now through lines ought 70 be resqrie a.
rather detrimental than otherwise. II "A road
could secure enough through tr9tic 10 keep lts
rolling stock actively employed uii ~" yrnr
round 10 could make money ut very low prices
hut every new lun formed renders such res uli
moro difficult ot attainment
Tho dividends declared boy the Georgia R1ii-
! roed Company s.nre the war have bon S3.Gls.-
! 3tb upon capital STOCK nl f+Gouol J ho