The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-17

Tho stock market continued sluggish. and
the changes in leading fancies were not i'm
poriant The coal shares wore drarer. especially
New Jersey Central. and Lake shore weakened
little in the final dealings. New York Elevated
recovered 20 l13 on small dealings but orr final
quotations nrc cX privilege Railroad bonds
We're only moderately active; Jersey Ceutrals
were dearer. but komc, W. and o. lists declined
10 90. and Union lucltcs We're slightly lower.
Governments were rather ilrmer. but quiet. and
not quotably higher. District Colun bias and
LOUISIANA consols in good demand. Money on
call 3mi y cent.
A bombshell il said 10 be In preparation by
Mr.. Gould against Western Union Telegraph
stock. The story goes that he has the papers
posed stock dividend. and will obtain one as
soon as the transfer hooks are closed He is
also reported TO be organizing opposition tele;
graph lines in various quarters. which VIII
make havoc with the present practical
monopoly
The total tonnage OF anthracite coal from all
the regions for the week ending on June
amounted 10 497 lGs tons. against iG0.G0s tons
in the corresponding week last year. an in-
thraclte mined for tho year is 9s24 .93s tons
against 5.6ll 1927 tons for the same period last
year, an increase OF 42l3,94l tons. In the face
cult TO see how the recent advance OF prices can
he maintained. and a further advance on July
/, as proposed. appears impossible.
The lease OF the North Pennsylvania Railroad
10 the Reading Railroad Company was ratified
by the stockholders II the North PENNSYLVANIA
Company on Saturday The lease il dated May
IA. and provides that. for the first and second
years. the leading shall pay t6l3.344 annually,
"a quarterly payments, on the hrst days OF
August. November. February. and NAV during
the third and fourth years the sum Of $1lSGl550
in similar payments; and during the nth and
sixth wears and each succeeding year. the sum
OF s1G3S s7 This Will pay the interest on the
outstanding bonds, and also dividends on the
stock and scrip Of the North Pennsylyanin II
per cent. for the first and second years. per
cent for the third and fourth years. aud per
cent annually aiterward. There Is also to be
paid 10y the Beading the interest ON the floating
Of gI tlf ..
81 LAG $50, ana fl2 900 annually TO keep up the
organization Of the company.
The Frankfort and Kokomo Railroad Ia twen-
ty-six miles long. running from Frankfort Ind.
70 tho junction Of the Lafayette, Muncie and
Bloomington and tho IOgHnsport. Cruwiords-
vile and Southwestern Railroads 70 kQkomo,
Ind. whern IL connects with tho Pittsburgh.
Cincinnati and st. Louis and The indianapolis.
Peru and Chicago Railroads. IT. business Tor
1873 WIS; Gross earnings. f3S.397 net earn
plus e.. POI.
1t is assorted by the Chicago Tribune that
meeting Of the Wabash directors and the man
held in this city list Tuesday. and the nesotia-
tions for turning over the latter rond to tile for
saac T'T and GySFod TRd notrG TgHeI
the hondhodcrs Of the padu"ah "a certain
amount Of interest on It's bopds.and gives bonds
81 lts own in exchange, and the hundholdcrs Of
the Chicago and Paducah agree 10 extend their
me forthwith from IT'S present terminus NJ
StrHwn H.. TO the stock yards i'm Chiuugo. and
deliver il To- the Wabash as soon AS completed.
the Wabash agrees to secure the entrance into
Chicago from that poiut self. ~ this arrange
mrnt the new wabash extension Will be- from
Element. H. to Struwu. over the Chicago and
PHdurnh. and thono" will follow as nearly as
possible the old Decatur and State Limo survey
10 Chicago.
The excitement at Kansas City produced by
the railroad war and the resulting reluclion Of
passenger rates to Chicago md 81. Louis, il
dos ribbed MS intense. Men and women went to
Chicago aud ST. Louis who did not think II
going until tho war commenced Cruwis II
peOplo thronged the uptown offices all last
Thursday just before train time the cNtraor-
binary announcement Was mado that the Han
nbal and 81, Joe road had reduced tho rate to
i've cents. The outgoing trims could not hold
the crowd OF pnssengrrs. Tho nrWshOvs wero
living about the streets with tickets for Chicago
and St. Louis stuck in their hat -hauds. ChrO-
mos and checks Tor hcer woru given iO uurcNHs-
ors Of tickets. Tho Mayor Of the city gathered
lot Of, vagabouds, paupers, tramps. nnd col
ored oilers and shipped them 10 81. Louis.
Amid the excitement NJ the depot lust belOrn tho
starting of the trains free tickets were offered
| by the agents Of the Chicago and Alton, ami the
| neXt morning they paid passengers bonus Of
| ten cents ench. At4 o'clock on Friday they an
nounced that they would sell no NOR" tickets,
| rs they Ind already sold more than they could
carry The evening train WAS ia" largest ever
| taken out of Kansas city. Their coaches were
| crowded, and extra cars wero borrowed from
| other roads running west
| Tho supreme Court OF Illinois has refused
! to allow the city Of Ottawa W repudiato certain