New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-16


week this year. The week opened with
something approaching stagnation at the Stock tx
change; but the trade became more lively toward
the close which shows an almost univ erSai advance
in the list from last Saturday, ranging from 80
Der cent the most marked improvement having
been in the investment or dividend-paying shares.
The better feeling in Railway shares received
aid from the announcement OF new tariI
nj HIGHER rates for Western bound freight, but still
rates that need not Tighten shippers as they are ex
tremely reasonable, being in fact about the lowest IL
not absolutely the lowest ever before made pnbhc
but it is understood that the railroads Will not reap
the full benefit of these advanced rates, as very
many of the heavier shippers have contracts
for months ahead at the rates which nave
prevailed for some time past. or the 3lZ,-
600 shares of stock sold during the week over
100, 900 were Western Union, which on Monday
dropped to 81 from s2 Saturday last but soon re-
covered and advanced to 1873 at which it closed to-
day. The strength and activity in this stock Is
largely attributable to a conviction that Western
Union is soon to "gobble up" Atlantic ana
Pacific and that view OF the case
is strengthened by the report that the western
Union Company is to restore its rates for messages
Immediately to those prevailing before the reduction
of last February. We understand that the increased
rates only relate to messages to Washington, BOSTON,,
Albany, and intermediate points. Next to western
Union, Lake Shore has been the most prominent
stock upon the list in point of activity though II mas
not been strong having sold during the week as low
as 59os and as high as Ola, closing at 6O's, or
just a per cent above the closing price OF last satur-
day. The sales Of this stock during the week
amounted to 40 600 shares. Northwestern on
sales of 25 900 shares, shows an advance for the
week Of % per cent, and the Preferred g. ROCK
Island has been conspicuous for strength ana ac-
tvity having sold to the extent OF about
10000 shares, and advanced from 1923
on Saturday to 1883 to-day, closing at
reaction of only 30 per cent at 10s. ST. Paul has
been strong on reported increased earnings, and ON
sales of about II, 900 shares shows an advance OF
ls per cent and 13 on the Preferred. Atlantic and
Pacific Telegraph, though not active, shows an adj
vance of per cent Other stocks comparing to-days
closing prices with those of last Saturday, nave
advanced as follows: Harlem. 1s per cent; n. j.
Central and Panama each a; Wabash, Fort Wayne,
and Union Pacific, each q Erie, Ohio and Missis-
sppi, and Quicksilver each IS c., c. and /. G., d;
n Y. Central, - Missouri Pacific, / ) Delaware,
Lackawanna and Western, Ia +; and Pitts
burgh, 23s. In Pacific Mail, toward the
close, was observed quito heavy feel
ing, accompanied by large sales, which was
explained at the very last moment Of business by
been condemned. While this report is not true, the
facts as we learn them are that while IN Hong
Kong last the vessel was surveyed, and the report
required that some very important repairs be
made, which were done there only sur
fcently to permit the return OF the
ship to San Francisco at which port she has arrived,
and where the repairs required, estimated at over
100000, will be completed. The Alaska Will, as
we are informed sail from San Francisco in place OF
the Picking on the LIST of September The stock OF
the Pacific Mail Company sold during the week as
high as 3o3s and as low as 3Sls, closing at 3Sds
a decline of So per cent from last SATURDAY
Michigan Central declined Il and st. Joe q per cent
While there many intelligent and experienced
men in the Street who think business is to be much
worse before it becomes permanently better the pre-
vailIng sentiment is bulsh, influenced very likely
to some extent by the little Of the day
or two The reasons the bulls render for their faith
in better prices are the new tariff agreed upon by
the competing trunk lines Of railway; the gram
traffic that is come from the abundant harvests Of
the West; the already increasing earnings of some
of the Western roads and as result OF such traf
fc A. revival of general trade and prosperity tins
Fan We think we have heard something like this
once or twice before and hope it may come true tins
time The Financial Chronicle rather steady-gong
journal comforts the bulls in the following manner:
From general view OF the situation, Including the CIR
cumstances above referred to, are inclined u tne
opinion t-t the point of greatest depression III ro
earnings has been passed and that the future VIII De
more favorable IT is impossible to hold 10 such an o
ion with absolute inleXibty, but there seems 10 pe
good reason for entertaining this more enconalng view
OF the future and for thinking that The first hall OF 1879
will be remembered the worst period on record lor
railroad business. --
The subjoned table shows the extreme fiuctua-
tons in United States bonds, the leading railway
and miscellaneous shares well as gold and the
a. .l,to
toned also the number of shares of each leading
stock sold: