The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-01

Tho quarterly interest. payable Tomorrow on
tac 4 per cent, bonds oi she United States
amounts 20 about g. 900 600 Tho subscriptions
for tn -e securities are increasing again slight
Is. and reached to-day Sl7O,4OJ.
The receipts from internal revenue for March
were 81 3Jj 800 and from customs. tl2 S99 902.
a grand bull movement in Erie is freely
talked o. Friends OF the road say that tho
earnings for March are 100000 in excess OF
those oi the same month last year. and that the
not earnings for the past SIX months are
a.. LOO, Notwithstanding the snow blockade,
when caused net loss OF 5000 900. The sec
ond consolidated mortgage bonds OF the COM
pauy are getting 10 be- actively dealt in here. Hs
well ~ IN London. and II all that we hear can be
relied on they ARE good investment at "a to
90. their present price.
The latest London quotations for the prefer
cncc shares OF the principHl English railway
about 1875; A. = cents 10. and per cents par
TO lu2 What are called debenture stocks. an
higher. London and Northwestern : cents
were quoted ut LOG To lO7. and London Brighton
and south Coast - ut ll5 to ZIG. This shows
that the standard rate OF income from nrst-class
permanent Investments in England Is trife
less than 3 cent.
The Western newspapers are full Of stories
peting railroad lines. No matter what agree
menis are made for uniformity favored ship
pers get reductions. The business is consc-
quently completely demoralizsd and there is
no telling how low ireights Will 90 new
route from Pittsburgh To- Erie which is under
the control OF the Lake Shore Railroad Com
/ pHuy. IL is alleged that freight /, carried from
! Pittsburgh 10 -. Louis by this route ut rates
which compel competing lines 10 carry it Tor
almost nothing.
Tho Buffalo Board Of Trade has petitioncd
/ the Secretary 81 the Treasury for n restoration
/ OF the privilege OF transporting dutlable lumber
ana grain IN canal boats not bonded. rs COM
! mon carriers, under special regulations OF Oc-
| tobcr ., 1869. ana May 3, 1870.
4 narrow gauge railroad from Pittsburgh to
! Chicago Is gradually being constructed. Tho
| Pittsburgh, New Castle, and Lake Eric road Is
] NItHHlf If RAM Ian laN 1
! there are narrow gauge lines IN ONO and In
! dlhna IN progress which Will connect with il.
and mako up a continuous road 10 Chicago.
The receiver OF the Cincinnati, Bingham
! ana Quincy railroad has closed a contract tor
/ the grading, bridging. and ironing Of the road
/ from SWitX CITY. Ind. 10 bingham. ILL.,. dis
| once.
Tho Amsterdam Bondholdcrs' Committee Of
/ the -. Paul and Pacific Railroad announces the
/ purchase Of the Litchfeld stock and tho ar
! rangement for speedy foreclosure Of the
! mortgages that within short time the 500,
/ 900 receivers bonds or certificates will be paid
by the authority ot the court. and that the bond
certnatra bought by the American Canadian
| combination. which now controls the road. will
/ he paid Tor IN gold mot in new hondsl within
the time set in the agreement Of Feb. s. 1878.
The ST. Louis and San Francisco Railroad
/ Company has opened a new freight line bs-
twnon 81, Louis and Parsons. Kan. Tho COM
! pl'tion OF the Memphis. Kansas and Colorado,
| iory-two miles in length, MIS- the gap wnlrh
! has buen wanting for some time 10 make up mo
! line, which is now A. follows: st, Louis and
! san Francisco TO Pierce city. Missouri and
! Western 10 Brownsville. Kan. thence To Par
sons via the Memphis, Kansas and Colorado.
There is talk in New Orleans OF establishing
n line Of cattle carrying steamers from that port
] to Liverpool. The IitdVute gives the names II
| the gentlemen Interested in the PROJECT, and
| saws: " BY the Northern routes hitherto used
| extensively l9r moving I'VE STOCK the losses
from cold and from the rough passage across
! the Atlantic have been very great. From this
| city "A route can be taken by way of the Azores.
| on which uniform favorable weather can he
| counted upon. Even as an cntroIot for tho
! Northwestern cattle trade New Orleans has
| great advantages over any Atlantic city. Ship
| mruts to this point BY rail from 81. Louis ahd
! Chicago can be mudo during the winter months
| with .ss loss and at less expense than to Now
| York..
The sugar crop OF Louisiana will amount this
! season to 22J uuO hOgshcads or 2juuUO.uUO
pounds. worth 3l4 1928 UOO and ,ho yield OF mo-
year the production OF sugar was less than
l50OouOOO pounds, and that OF moasses In pro-
portion,
San Francisco merchants complain Of the OK
tortions OF the Panama Railroad Company and
tho Pacific Nlail Steamship Company. They
say That the steamers which bring cargo from
| New York by the way Of Panama at ii4. so per
| ton bring the same description Of cargo on
through bills Of lading from Liverpool for i23. 20
per ton, or II little moro than half the frelght
charged from New York, the distance from As
pinwall to Liverpool being more than doubo
the distance from Aspinwall 10 New York, The
secret OF this discrimination In favor Of Liver
pool 10 alleged to be that the Pacific Mail Com
pany 10 entirely in the power Of the Panama
Company. and Is unable TO resist its demands.
The English and German steamship companies