The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-06-11

TUESDAY juno 10.
Tho stock market was active and buoyant for
Chicago and Northwestern common and pre-.
forred. with some advance in St Paul ana
Western Union Telegraph but coal shares w"ro
weak; there was some decline in Wabash Pa
ciilc Mail WIS pressed ON the market az lower
prices Mich. Central and Erie decidedly lower.
and there were free sales of SutrO Tunnel The
more important changes were: Adynnced-
Northwestern, 2 DO. preferred. western
Fargo Express. Quicksilver preferred 2;
Declined-Canada Southern, =; c., C.. {. aud
l.. Il: Erie, Al do. preferred, 4, (; Iron Noun;
tain. ~ Michigan Central. Ia; Mo- X. and
Texas. -; Pacific Mail, p. Governments
irmer for skies Of 81 otherwise rather easier
Raiirond bonds dun. hut Rome. W. and q. fur
Their advanccd new Fries closed lower Money
on call 2isa4 q cent. closing at the outside
rate for brokers bnunces.
Tho price OF silver in London to-day is SIS
pence per ounce.
cd to $3Og SIS s5n all Of which are redeemable
ON or before july n.
At the request Of committee Of Louisiana
bondholdsrs the Chairman OF the Council OF
Foreign Bondhc'ders in London has sent "A pro-
test to the Governor Of Louisiana against any
attempt Of the State Convention now sitting TO
reduce the State debt AS arranged under the Re-
funding act OF 1874.
The first mortgage bonds Of the Spring Valley
Water Works Company OF san FRANCISCO nave
recently boon admitted to our stock Snarl. In
their exhibit. made 20 tho Governing Com
mittec. the company show urge earnings for
the past few years but It .,iust he remembered
that. under the new california Constitution
boards Of supervisors have the fixing OF the
rates to DO charged by water companies. and
Will nTohnbly reduce them considerably. On
the Jthcr hand. the San Francisco papers speak
~ the revival Of u project with which the late
William ;. RAlstOn WAS occupied at tho time OF
his death. OF selling the Spring Valley works a.
the city at "A large advance upon their cost In
this event the bonds OF the company would
practically become bonds OF San Francisco.
The Dannemora narrow gauge railroad has
been leased 10y the State Tor the term OF loo
years 10 Thomas Dickson. The lease Is made by
Mr.. Dickson in the interests OF the new Chateau
gay Railroad Company. which is TO extend the
road this summer to the ore beds at Chateaugay
By the terms Of the lease the lessee is 10 equiL
the road with rolling stock and keep II In first.
class condition, and maintain the track In good
order. For this the State Is to receive fire.,
transportation Of its freight between the State
prison and Plattsburgh. The contract for build
ing the extension ot the road To the ore beds al
| Lyon Mountain. seventeen miles from Dame
mora. has been let 10 the Eder Brothers o
| Bound Brook. " j. They are 10 furnish every
| thing except rails. and have the track in readt
ness for trains on the LIST day Of October next
| The letting Of the new two million dollar foul
| per cent. loan Of the state Of Pennsylvania tool
place at noon to-day. The awards are from
| los 10 l02.5l. One million was awarded I,
| DreNel X Co.. l.. W. Clark 4 Co.. and W. III
| Newbold's Son Il Co.. bidding together at lOl: 10
| Townsend X Co. took f665.OOO at lOl OF. Tn
remainder WAS sold in many small lots a
higher figures.
| The subscriptions 10 tho = cent rcfundinl
| certificates since Yesterdays report hav
| amounted 10 1881 l4O