The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-23

Called lO.4os sold at iOl Money on Gull
was comparatively easy at 2 cont.
Railroad bonds were less active. but good in
vestnent issues were rather ilrmer VIII! e spec
uihtiOn WIS wenker the new Erie seconds again
dcclin ,ng and Denver and II. @. ilrsts rcceding
from 3d. 10 800.
Mr. Stcrhcns's Subsidiary Silver Coins bill
has pissed the House of Representatives in n
better shape than at ono timc seemed likely. As
1t now stands IL simply provides that silver coins
Of smaller dcnomiuation than FL may be- ex-
changed into lawful money when presented In
sums 81 $50, makes lawful money eXchuugcuble
INTO silNcr coins IN Ike amount. makes sui@!li-
airy silver coins legal tender for all debts public
and private IN sums o. not exceeding 800 and
makes the minor coinage receivable at Post
Offices TO the amount OF 81.
The expectation is entertained 10y many peo-
pie Of n large market for the new per cents in
England. They should reflect. however. that
one country cannot take from another more OF
any commodity. whether II b. bonds or mer-
chundise than II can nay for either in money
goods. OK obligations II some sort Tho Eng
ISL nro not going to run ia debt TO buy our
bonds rs thcy might 10 buy food. or. ~ We lid
a lew years ago 70 buy railroad iron and other
manufactures They have been. for the past
three years, sending Us back our own bonds
NATIONAL Stnte. municipal and rnilroad-in pay
ment OF nm enormous balance OF trade in cur
favor and this resource must now be pretty
nearly exhausted. On the other hand. our ex-
ports 70 them continue to exceed our imports
from them by ~ large an amount as ever. II
they tHke any considerable quantity OF the per
cents therefore. they must pay for them in
gold, and they cannot do this without putting
up the rntc, OF interest in London; aud thus
decd, "a surplus OF lounable capital In England
which may find investment in our bonds. but IL
cannot amount to many millions. and will not
all flow in the same direction. Fortunately we
are in condition to take care OF our national
debt ourselves. and VIC shall do IT,
The holders 81 coal stocks abatc nothing Of
their confidence in the ncarncss Of cOiphiua-
ton among the COMPANIES which will advance
the price Of coal. Things ARE 80 bad they say,
that they must amend soon and the lower coal
goes the surcr Will BE- the rise when 1t comes.
Persons convcrsant with the trade point 10 the
Erent Increase Of consumption this year over
last-amounting to 1000 600 tons-and give 1t
~ their opinion that stoppage OF production
for two weeks would put prices up 81 per ton.
II this be true. IL IL difficult TO see why the
remedy should not Dc applied at once.
The Boston and Providence Railroad Com
pany has declared u dividend OF t3 per share.
payable May |. A project OF consolidating this
company with the Providence and Worcester
ana the Stunington Railroad Companies was
talked OF in Boston a fortnight ago hut moth ing
seems to have come OF IL yet. The Old Colony
Railroad Company. which owns the Fail River
route between Boston and New York. is waging
bitter war with the Providence and Stoning-
ton route. and a consolidation of the lines inter-
ested In the latter would seem to be natural
measure Of self protection.
The new line from Boston to the West by way
Of the Hoosac Tunnel the Albany and susque-
hanna Railroad. and the Now York. Lake Erie
and Western Railroad. will be open. 1t IL prom
ised. by the middle OF June The other new
line, by the way oi Hartford. Fishk and the
Eric road, will De ready some time this year.