New-York tribune., 1875-03-10
0hinL Mis-
Pacihe' Mail
TUESDAY, March 9-P. NJ.


TUESDAY, March 9-P. NJ.
Tho stock market this morning presented one Vi
those sudden, sharp. and uneNPeo'eu .'
which seem to pertain to most pui spe0",''' ',,".
,',, ,,hicb like the sudden bursting OF thuhder-
s,a,d on a suItrv day serves to clear the athos-
| nbere and make room for brighter hhies. 'n'
vary frat sales made, before the regular Doaiu'
wero generally at an advance OF 10 per eeh'
above the closing prices of yesterdays out safes "
reaze the handsome profits of the past few days i'm
.,ad;a,oIv nroduced a weaker tone to the market,
odvontaoe of which was naturally enough taken by
ho boars 10 offer shorts" freely, so that within 80
;nutes from the opening there decline OF fully
nor cent upop the entire active list, resulting it Is
believed IN an enlarged short interest. From this
mint the recovery was gradual and slow, but was
marked by confident buying. until prices In some
instances had reached an advance Of fully one per
cent above the opening quotations. ms was 1oi-
lowed by another reaction and partial recovery SO
that the final trading left the prices, with
one or two exceptions without material change
from last nights close. The number of shares OF
each of the active stocks bought and sold with their
principal fluctuations have been as follows: racine
Mail n 600 shares at G39s a39s, an ad-
vance of per cent for the day. Ii Is said that con-
siderable purchases of this stock to-day were Tor
Boston account which may by taking stock out OF
tho market. favorabIy affect the price. Western
Union, 40300 shares at 76@76s0 7i!0I5. @75s'
which is decline from last night
of per cent Union Pacific, which has been de-
cdedly the most active well of the strong
est stocks of the day, with sales of 9O100 shares,
opened at Az, declined rapidly to 46i, and then
slowly advanced to Al went back again to 49,, and
closed at 47l-a gain over last nights price OF per
cent Il was quite near the close of business when
il became known in the street that the Board OF d.
recors meeting in Boston to-day had determined to
commence on the 1st of July next the payment OF
quarterly dividends upon the Companys stock OF l.
per cent, per cent per annum when Is the rate
paid by the Central Pacific. 1t is report
ed that the Company is not lncumbered
with any floating debt; and with the monopoly,
under the combination with the Pacific Mail. OF the
CARRYING trade between the Atlantic and Pacific. to
gether with the recently advanced rates for traiic,
there would seem to be no sufficient reason TO doubt
the ability of the Union Pacific Company to pay the
dividends which they promise. Chicago and
North Western has been actively dealt III,
47,1OO shares having been sold at 45! to A
Q5I04IQ45s, showing a gain from yesterday OF
per cent. 1t is expected that the project for more
close and intimate connection between this road and
that of the Union Pacific will receive the imme-
diate attention of the directors of the latter Com
panv after the annual election which takes place
Tomorrow Wednesday, Northwestern PREFERRED
continues to advance very small
appearing to be very little stock offered on the ai
ket; $500 shares sold at 57I57G59.U an advance
of II per cent from yesterday. st. Paul opened at
357 sold at 35.Q3j, asst on transactions OF ''2to
shares while the Preferred on sales of LOCO shares
went AZ 55,Q56,QGi. Lake Shore, on the
carly dealings, made quite sharp decline
rs did the stocks which had recently made large
advance. Opening at 7is. it declined to 73., and
then went back to 73., where it remained for the
greater part of the day. but afterward spuring up
TO IA and closing at 49,! decline of per cent for
the day. The sales of tins stock amounted
to 2O1OO shares Rock Island sold to the
extent of 400 shares at 10IOl0ilG lGl0ii0l0il.
Wabash was rather weak. Opening at -, the high
est price of the day, it declined and closed at the
lowest price, AZ. Five thousand eight hundred
shares of Erie changed hands at 27. d2S. a21l Ohio
and Mississippi. with sales of 1900 shares, was
active between 27s and 27!. fuctuating back and
forth several times. Two thousand five hundred
shares of Hannibal and st. Joseph sold at
"a. a23. Q24a23.. The total sales of the day
amounted to the unusually large aggregate Of
326 OOO shares At the close the market char
acterzed by irregularities, and in some cases. fever
isbncss the natural outcome of so active and fuc-
tuating a market as that of to-day, well from
some fear of squeezing the money and gold markets
tomorrow The opening, highest, lowest, and
closing prices of active stocks sold to-day were as