New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-16
PRICE FOUR CENTS.
FINANCIAL ELEMENTS.
PRICES ADVANCING on CHANGE.

pPTCrS ADVANCING ON CHANGE.
yvcors,Gr>G FACTS AND RuMORs FAVokfH
STOCKS CENTRAL PACIFIC MAIL WfSIth'
Union AND UNION PACIFIC.
The stock market was strong ana buoyahS
yesterday from opening 70 tho close OF o"7'sS
The transactions large IN tho f@Vore stock'
and prices advanced with very slight reacohS' c"r"F
near the highest points OF the day, and IN most eSoS
above the closing rates OF Wednesday. All the news
and rumors OF the day favored the "bul" interests
The public is settling into tho clear CONVICTION thsn
Congressional action tend other way than to"aI
yet greater initiation. Business men argue that INC w
publican party already shown that dare not faoo
the issue OF more taxation, and although talks largely
about retrenchncnt its leaders have studioary
ignored the fact that this rerenchment cannot possibly
affect the expenditure Of appropriations already voted
until after the lst OF July next Meantime money
has 10 be provided, and IT VIII only DO
raised by the further use OF the greehpacN
mill, or by species OF converhbie po""S'
The advance OF Erie two per cent IN the London MARKET
strengthened the stock here. Messrs Eobn'on chase
& Co.. who on wednesday raised the price OF Lake Shore
and gan Southern Sinking Fund bonds to ~ sod'
yesterday, the last their possession The Statements
Of the New-York Central and Hudson R.Trf kali-
road Company for the year ending sept J. I5a, was
made public showing the enormous gross earnings or
s292s for the year, and net earnings amounting y"
s is4s64 THIS j. the largest amount ever earned bys
railroad In "A single year dispatch from tho SAM
Francisco agent OF the Pacific Mail Company announcing
the arrival ~ the China that port sent over tao
brokers' wires and vindcated the Judgment o. tho
directors OF the line. Tue stock advanced ron ~ 10
4t although the "bcars" at started report mat
| the steamship Colorado was overdue at sac Franz
cisco. The fact f., stated az the t"n-
\ pany's Office, that she will not he dne urtt
the 18TH largest business OF the day III West
err Union which advanced per cent FROM the closing
price OF Wednesday. Names OF stockholders are con
etanty being added to the memorial to the Executive
Committee and confidence IL felt that the measures
asked for will he adopted. The memorial promises to ba
signed by representatives OF overwhelming ma
ority OF the stock Of nearly all OF IT, In fact, held Ia
| NewYork. or represented here. Tho stock Is also
| going abroad. and it is greatly strengthened in
| public estimation both at home and abroad by tho
avowed policy 10 divide hereafter the earnings amongtho
stockholders and arrange for needfu construction
account AZ has heretofore been the policy IN the other
Vanderbilt corporations The earnings OF the Toledo,
Wabash and Western Railroad for the first week ia jan
nary showed an increase of $4,000 and the stock adj
vanced from 53 10 65 closing at aI Early Ia the day
there were large dealings in Union Pacific.
The application of Geo. Bird Grinne for rea6mssion
TO membership In the stock Exchange will be eonsd-
cred at special meeting OF the Governing Committee To
be held on Wednesday. Mr.. Grnnell will appear
per,onay before them Great confidence II eYpre-hed
| that his application will BE- favoraby received.