The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-16

Railroad bonds were generally rather quiet
but there WIS speculative activity IN tho issues
OIL hnnsaS Pacific. Missouri kunsas aud Texas
and tho new Erie. Kansas Pacific. Denver di-
vision, Is, with coupon certificates sold At 1Osii
WllN4t do. trust receipts 1OHi OH TO- and in
come No. 1G. 900 j9is: Missouri, knnsns and
TeNns assented. CO., @62. closing 81 .. and Dds
2s@3O, closing 29ii; Eric new DDS Gs +, down to
Ga, seller 80; Denver and Rio Grnnde lists fell
TO 50 ot tho close. Tho Central and Union Pa
cities and primo investment bonds were higher.
Tho subscriptions to tho 4 Z cent refund.
amounted TO t20s. $50. The total subscriptions
since the let Of April amount to 81 .3527
Tho coal stocks. though somewhat dull and
astonishment Of that portion Of tho publlcwhich
does not profess TO be- In the secrets of tho bust
ness IN coal selling at cost. or less than
rs II was year ngO. II Is a puzzle to explain
how interest and rentals can bo earned. leaving
this very destructveness u the present prices
IL made use OF as n reason for On pectng speedily
II but II this cause Is ever 10 have an effect II
ought 70 do so at once. To an impartial OBJ
server i looks rs N. instead OF the long waited
Tor combination, we might have sudden break
down. like that which occurred in 1876. and
that unsuspecting holders may find themselves
saddled with shares In bankrupt instead Of dlvi-
dcnd paying concerns. Anything like deter
mined boar assault could hardly fail to produce
panic. aud nothing but tho extreme ease Of
the money market has prevented such au
sault being made long ago.
- As ono result Of the recent breaking Of the
Southwestern pool. the 81. Louis ronds have re-
duccd rates TO and from ~. Louis and Missouri
River points from fifteen to five cents per 100
pounds cattle from the West from $50 10 800
per car. and wheat and corn from twenty and
iltcen cents 10 eight cents per 100 pounds
This action. however. seems To have had any
thing but a depressing effect on the prices OF
the stocks which ought to suffer the most from
~ This is attributable partly TO the fact that
the news OF the break was discounted I'm adj
vance, ana partly to q widespread belief that
the war will be- Of short duration and that peace
and high rates will bc restored rs soon a. GER
tain influential purchasers here have got all the
stock they want Besides. there is talk OF n
scheme In which Jay Gould the Mcphistopheles
OF Wall street Is said TO be concerned. ~ con-
solidating q number II tho Missouri and Kan
sas lines with the Union Pacific the Wabash
and the Eric roads and making Of tho whole
one great road from the Atlantic 10 the Pacific.
According to this afternoons Graphic. Wash
ington dispatches say that Judge Harlan's
opinion In the suit Of the Columbus. Chicago
and Indiana Central agt. the Penus ylvania Rail-
road Will be announced this week.
Proposals were opened at noon to-day at Bos-
ton, at tho offico OF the Atchison, Topeka and
Santa FL Railroad Company. for tho sale Of
100000 Of the land grant bonds of the com
pany. Offers TO sell were received from some
eight bidders at prices ranging from lll's to
III. The bids OF Lee. Higginson < Co.. Brew
ster. Bassett x Co.. and j. NJ. Fiske for the
whole amount were accepted.
WASHINGTON. April 15.-At n meeting Of the
ds laeto Cabinet today John sherman announced his
four PER cent lie said that he expected no diicuy In
selling four cent bonds 10 redeem the lO4OS SHEER
man announced that he should Offer the per
Dc faeto Cabinet douhual u shermans ability 10
sell The Tour per cents on such terms