The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-13

Of Government deposits, indicating the extent OF
their purchases on credit Of the new 4 v cents.
In London to-day the 3 " cent consols we're
quoted nj 98: bank bills. sixty days TO three
| months, N to ~ v cent discount. and three
| months trade bills ut - to 2 p cent discount.
On the Stock Exchange NJ mnet all home socuri
ties and consols advanced. C9ntlncntnl invest
| American railway securities were generally b. y
ter. Gas shares were well sustained Gable
stocks declined upon the announcement OF the
definite establishment Of the new French COM
| pany
A despatch from Berlin says that in tho next
| coinage gold crowns. amounting TO 60.0OO.0OO
| a. mRrks will be struck. This does not ind-
cate purpose OF returning to the use OF silver
us standard.
The new State taxation bill agreed upon by
the Assembly Committee OF Ways and Means.
| PROPOSES to extend TO stock companies tOther
than railroad, Telegraph. and insurance com,
| panes) doing business in this State. the method
| now followed In the case OF banking assora-
tons. The shnres OF such companies are to DO
| valued by the State Comptrolrr, upon data iur-
nished him 10y tho officers and the taxes on the
shares arr to be paid by the companies, ms
agents for the several owners. whether reside Mt
| or on-rcsidcnt Insurance companies are TO
upon their capital. 1sa iiroads, are to be taxed
not only upon their tracks and renl cstate but
upon the value Of their franchises making no
| deduction for their indebtedness. The duty of
liking values upon corporate property Is taken
! and vested in the State Comptroller. assisted by
| the State Engineer and the State Board OF As
sessOrs
The fve-dollar 4 p cent. bonds Of the State Of
| Georgia are pronounced by the Commissioner
| OF Internal Revenue not subject to tax ms crcu-
| lnting notes since they bear interest and have
! coupons nttarhed. They resemble grpenbacks.
however in size md appearance, aud are very
popular in Georgia. IL is probable that similar
Southwestern States.
Tho expected combination Of coal producers
has not hoen made yet. and there are no signs
of an immediate advance Of prices. Moan
while the companies. which are hurdened with
heavy interest accounts and rentals. must be
getting deeper and deeper into debt. and II re-
lief does not come before IA cir borrowing power
ia exhausted. they must go into the hands OF
receivers.
United States from Jan. 10 April 4 Of this year
were 80 756. 1872 gallons. For the same period
last year they were 5OG3O74 gallons: IN 1877.
53.522 l6l gallons; and in 1876 46.I46. 500 gal
Ions.
Immediately. upon the passage Of the Rail-
road Telegraph bill Il Is expected that the Bal
timore and Ohio Railroad Company will open
its Offices In Baltimore and at Pittsburgh and
other western places Tor the transaction OF
pany now connect Baltimore with Washington.
Pittsburgh. CincinnAii Columbus, Louisville.
and other leading Western and Southwestern
The now Committee Of the United States
House Of Representatives on Pacific Railroads
consists OF Mr. McI.nne Of Maryland Chair
man Messrs. Chalmers Of Missssippi Bliss Of
New York Cmrk OF Missouri. Dickey OF Ohio.
Ellis. Of Louisiana. Martin OF. West Virginia.
Brlford of Colorado, Newherry OF Michigan.
Bailey Of New York. Butterworth OF Ohio
A report ia current in Boston that negoiia-
tiOns have been entered into by the managers
OF the Stonington Railroad Company for the
purchase Of the Boston and Providence Rail-
road.
The New York md New England Railroad.
formerly the Boston. Hartford and Erie Rail-
road. Is 10 he completed this year M far as the
station This will give n new line between Bos-
ton and New York. by way Of the Willlmantc.
Hartford. Danhury, and Brewster's.
The New York Central Railroad Company Ia
negotiating with the city authorities Of Rorh-
ester n. y. Tor the elevation 81 it, tracks above
the streets where they pass through the city.
The work will cost nearly 81 100000. and Mr..
Vanderbilt wants the city 10 pay a portion Of It.
! This the Common Council is dsinclined to do.
at present. and insists on trains being run
within the city limits at a reduced rate OF speed.
A washingt9n dSspa,ch says that, i cppor;
tuni,y offers. Mr.. Newberry rep. Mich.l will
way for = railroad bridge from Detroit. Michi-
gan. 70 Belle Island and thence TO Canada. The
cally settled although opposition to bridge
still c)mes from the Western vessel interest.
Messrs. Baglcy. Thompson. aud Mcmillan.
committee from Detroit, are in consultation
with Dir. Nanderbilt, in New York today. and
vi come here on Monday; The bridge Is 70
%ie.a "F3Hai he New ' Yt dn has /.
hitherto stood in the way. but II Is understood
that 1t will no longer do so.
The Burlington and Missouri River Railroad
Tin Nebraska) has declared dividend OF 81 per
| share
A Colorado Springs Coll despatch to st.
Louis says the Denver ndiRio Grande Com
pany has made arrangements with a syndicate
OF capitalists for the capital necessary 10 extend
its lines 20 L"adville down the Rio Grande and
into San Juan.
The Tennessee division Of the 81. Louis and
Southwestern Railroad was sold under fore
closure. AT Nashville on the 9th inst thu Louisi-
ana. Nashville and Great Southern Railroad
purchasing IL for S725. 900. In reference 10 this
sale a desfnfeh from IoufgNflta hn
Tennessee division OF the Southeastern. which
extends from Guthrie to Nashville. is perh Us
NE mos! important line on the continent. II is
its possession gives the Louisville and Nash
VILE Road absolute dominion over the territory
covered by Its own and connecting lines"