New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-27

nm unexpected revival of trade will seriously
interfere with any attempted combinations. The
idiosyncracies Of speculation are, perhaps, well Illus
trated by the movement of Lake Shore during the
past week. and by its closing at s per cent higher
than on last Saturday, while Michigan Central mas
at the same time declined 1i2 per cent VI the rela
tive merits of the two stocks there can scarcely De
two opinions. 1t seems as If one exhloitcd the
forced movements of Spectators, while the other
was obeying the natural laws of supply and demand
Ohio and Mississippi, which, according to tie report
for the year ending July 1, shows net earnings of
S1S. 900 over and above the sum required for in
terest and sinking funds, has declined from 1873 to
1874 closing with rally to 1913; willie Erie. which
has not only defaulted on its interest and passed
into the hands of a receiver but also has an IN
creased debt for an unknown amount in the shape
Of receivers certificates remains firm at about IVA
1t is true that we have decline for the week
of 3is percent but the advance to 2OSs had been
much more rapid. Western Union at times has been
much depressed by speculative sales, selling rs
low as 75ls, but closing ut 7Gss, a decline
Of 70 per cent since last Saturday. Pacific Mall
has been unusually active. 1t opened the week az
$685. sold at 36s4@337s and closed at 80 or %
lower than one week ago. The break to 1873 was
accelerated by the news that the City OF TOXIC was
in such condition that the underwriters required
some considerable repairs to be made on her, 10
what extent is not yet known, but sufficient 10 pre-
vent the ships sailing from San Francisco on Oct l.
and her place will he supplied by the Alaska lhis
much We can positively state to be true. Inc rally
in this stock to above 80 was aided by renewal OF
the rumor that the Company had finally disposed OF
their China line Tor $500, 900. This report which
has been so often repeated at all the different figures
from 81 500, O00 down 10 the present one of $780,
600 is We believe, not true; but as there Is now
prospect that the sale will finally be accomplished al
some price, we give the following facts concerning
the property. The China line consists OF four steam
ers running ON the route from Yokohama and Maya
saki to Shanghai and Hong Kong, and comprises the
steamers Oregonian Golden Age, Costa Iica,
and Nevada valued in the Companys report OF
May, 1873, at 81 ,000 end property at hIogo
Shanghai and Nagasaki, which cost the Company
over 100000. This line of four steamers and the
property named is, as we understand it, under oucr
to The Japanese Government at S7O0,O0o, when, IL
accepted would realize to the Company the sum OF
about 100000 1t would undoubtedly be very
handy to tho Company TO get hold OF such a sum oil
money even by the disposal of what al one time was
the best line il possessed. The sales of the week Mt
the Stock Exchange are not equal to those OF last
week, amounting rs they do to only about l,0iG,OOo
shares of which all but about 100000 were con-
fined to five leading stocks viz" Lake Shore,
37f,SoO; Paclhc Mall I|OoOV; NcstoiH p"i0"'
17e. $500: Erie. 1872 100; Northwestern, 81 600.
The gains in price for tic week have been in Wabash
and Rock Island each a per cent Missouri Pacific
and T. S. Exp7es5 each as Illinois Central, y
Cleveland and Pittsburgh, 81; Northwestern, ~ >.
Central ard Union Pacific, each 70; Lake Shore, and
Delaware, Lackawanna and Western, each 1is and
North Western Preferred, 1ai. The declines have
been in c., c. and l. c., g per cent? Central ana
Hudson, IL Quicksilver Common and Preferred, p;
ST. Paul and Pacific Mail, each 50 Western Union,
81: Atlantic and Pacific Telegraph, and American
Express, each l Ohio and Mississippi, 4; Michigan
Central. 12i Erie, 81 Hannibal and st. Joseph
81; Erie Preferred 4i2, and ST. Joseph Preferred
per cent. The subioiped table shows the extreme
fluctuations in United States bonds the leading rail-
wav and miscellaneous shares, and gold. as well as
the closing quotation Of each at the dates undereh-
toned, ard the number of shares of each OF tie
leading stocks sold