The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-25

Tho stock market was comparatively dull tho
sales falling below hundred thousand shares.
and there were the sam" irrcguarity in the
course OF values and unsettled tone TINT were
noted yesterday. The fluctuations, however.
were not important for tho leading fancies,
some not showing gny chango or at most % Tor
the day. Western Union was tho most active,
and at one time sold at a decided decline. which
was partially recovered. The coal shares were
stronger but the most decided advances were
in American District Telegraph. New York Ele-
waited Railroad and in Iron Mountain. The
Advnncrd-1ron Mountain =; American Dis
irct Telegraph, "a; Del, J.. and western. 70
y. Y. Elevated. pa; Kan. G.. and " preferred.
e. Hannibal md 81 Joseph common. -. De-
Northwestern Preferred "a; ,Northwestern
Union, 4, :, AL and Pai. Tel, q; Norris and
E-s"X. = Union Pacific. 2; Jersey Central. =;
Pacific Mail. "a.
Railroad bonds we're in but moderate de-
mand. and ut best prices were barely SUPPORTED.
but u midday decline in the new Fries WAS re-
covered az the close. There WAS some revival
Of business In the issues OF the ClrpsH peake aud
OHIO Governmrenis were slow 81 sale md
barely steady. tn" business in state bonds
was confined TO Louisiana cOusOls at some de-
cline. Money on call. 3G3'. q cent
The financial news from England continues
10 be gloomy. The Times Of this morning
says: The dread Of further trade complica-
tious In the north Of England caused a deprrs-
sion in home railway securities YESTERDAY.
These complications ramiiy 50 widely that their
full development would be- most serious. but
hopes ARE still entertained that they may be
uverted."
A Denver. Colorado. despatch says: In re-
gard to the appointment u q receiver for the
Denver and Rio Grande Railroad. the Court
person, when. If he had acquired any rights
and they were shown 10 be valid. tho
Court would respect them; but the Rio Grande
company could not be- heard Ia this respect
Judge Miller Of tho United States supreme
Court said that II any resistance was made TO
judge lialctts order IL would be very dlsas
trous 90 the persons engaged In it,
At q meeting Of citizcns Of Douglas County.
Kansas. at Ieavcuworth, recently. tho County
Commissioners were instructed not To- obey the
order ot the Circuit Court 10 make levy to pay
the interest on railroad bonds.
In view Of tho preference given by investors
to bonds having long periods TO run ana the
comparatively low interest they are willing 70
accept for IA" sake OF being projected against
the Necessity of speedy rcinvestmeut. IL might
BE- worth the while oi our railroad corporation
TO consider the English system Of issuing de-
henturc stocks instead of our fixed term bonds.
Ont OF some fl12. Zoo owed boy English rail-
way companies. only G2quOO. 600 is represented
by securities corresponding To- our mortgage
bonds. the remaining fi43. 900 900 being ia the
form of stock bearing interest. usually AT r
cent. and taking preference OF Ril other claims
upon the companies. On the one hand. the in
weston in such stock has a secure and perma-
nrnt income. aud on the other. the debtors are
never exposed 10 the danger OF being called
upon for the principal.