New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-03

ne sulat,ye shares to-day and business was done
,re aty nearly an large as that Of yesterday As them
h, ,features were Pacific Mail. which advanced two
70 mts on the reported probabilities that its future
e latons with Union Pacific woud DO closer than OF
q tea fact which stimulated another upward turn
y one point on Union Pacific. Az iutimated IN
TIE TRIBUNE of this morning. the Union Pacific
.alroad Company has beyond o reasonable doubt
obtained the control of the Pacific Mail Steamship
company-a fact Of which the present directors Oh
the latter Company seem 10 be so well they
are ready to change the direction of that concern
at any time before the regular election, by the
resignation of certain directors, and the election OF
other gentlemen in their stead, so that the board
NAV represent the interest of the present stock
holders whenever the coming power may desire
such change; and it is quite probable that
the change may take place within
few DAYS. Northwestern shares, after
their lato weakness, became buoyant IN
response to more favorable news from Wisconsin
concerning possible, If not probable favorable
modification of the Potter law. The facts accord
ing to the best information attainabe to-day. seem
to be that the Wisconsin Senate passed Dill re-
storing railroad rates 10 about what they were De-
fore the enactment OF the Potter law
and that the House Of Representatives yes
terday refused TO confirm the action Oh the
Senate, whereupOn Conference Vohim''ec
was appointed with instructions to report to-day OF
at all events as early Tomorrow, and that az YET
we have no information AZ to the action OF THIS Con
ference Committee. So the question as to an amend
mcnt or repeal OF the Potter law is still apparently
in doubt with perhaps the chances 10 It's favor
The market this morning opened strong, ana w
many cases at an advance upon the closing prices
of last night; and under tie influence OF
xbo nrf
displayed within O few days the part OF a few
leading stocks the entire list became strong II not
buoyant But later the day disposition TO
realize the handsome profits accrued induced con-
siderable sales of the active stocks, which very nat
urally produced a slight reaction in prices and the
market closed generally something below the
highest prices the day. The aggregate b lslness
Of the day was about equal TO that of yesterday
2oI O0 shares and yesterday Pacillc Mall was
the leader of the market, the transactions amount
ing TO 1890 shares, ri 3Sl(0Ss. $50
1884 aSs a 3sg 49, a 49, d3S. 39a $685. before the
regular Board. At the Board it sold down TO "ot
and VI TO S9s. Sill later in the day 1t
sold down again to ST. and finally closed
at Sss below the opening price to-day, ana per
cent above the closing price OF last evening" vi
North Western 1880 shares were sold OF so.0t "~
1914. Western Union Telegraph, on the sale oi
r7O0 shares sold at T54N7ol014t 07&' Ou'oh
Pacific opened at AZ, an advance OF
from last nights closing quotation. ana
on transactions OF 81 100 shares sold up to 42s and
down again to Az. at which 1t closed. Lake shore
on sales Of 35!7oO shares sold at 73s'O74W73s The
other prominent stocks were in their order. ONO
and Mississippi, 1900 shares st. Paul 800; wa
bash. $500 Erie, 6,1OO; North Western Preferred,
500: Rock Island, 800 and other shares 1900 The
general impression OF the street seems to be that the
onward speculation has not yet ran It's course.
The openlng highest> lowest and closing prices oil