New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-26

WEDNESDAY. Aug. 25-P. VI.

The chief feature of to-day's stock market has
been the large dealings in Pacific Mail, which stock
early in the day sold at advancing prices, but later
az decline The sales, which amounted to IL 900
shares were at 39l2G40lsQ 1914 a 4O4 Iel2 to the
extent of 81 900 shares before midday. subse-
ouently the stock sold at 395sa 39IsG 80 2G394
beiug 81 per cent below the closing price
of last night. During the morning there were
various rumors ahoat which were calculated 10
affect the stock favorably; but which, when care
fully sifted down TO probable fact only the effect
that At a meeting of the Panama Railroad Directors
held to-day its President authorized 10 extend
the $500 600 loan TO the Pacific Mail Steamship
Company for another year, and to make contract
for future business the terms of which II IL pre-
sumed have already been agreed upon informally.
monument officer OF the Panama Road says that the
new business arrangement between that Company
and Pacific Mail is just and fair 10 both parties
from which il may he inferred that II Is at least sat
isfsctory To the Panama Railroad Company IN
,r,,athv with the rlrnors referred to- something
else the price Of Panama bid up from 1856 to AZ
On transactions of 000 shares but returned to 40
on sales of only 800 shares The dealings i'll Lake
Shore to-day were less feature than they had been
for some time past the stock being rather
neglected at 616sa61 7sa61l2 until Just be-
fore the close when IL was suddenly spur;ed
~
offered at that price at the close. The mystery
which has seemed 10 surround this stock Tor the
past few DAYS perhaps finds explanation In the story
detailed TO US to-day As il seems II has been ex-
nected that there was this week 20 be new Sara
toga compact made between the great trunk lines,
and that this stock had been bought with the ex-
pectatOn that the public announcement Of such a
coupaet weAld afford an excellent market upon
which to unload at 65 OF 66 and reap the profits OF
a quick turn. Be this il may, and We only repeat
the story a. told TO us, II would seem AZ II II
were of but little importance TO railroads
OF the public what compaets may be made
In re yard TO freight tariffs long there Is 80 little
doing and so long as lake fregbts remain so very
much below the cost Of railroad transportation. In
the other shares there was nothing striking beyond
the fact that as a rule stocks have been hrm and
prices close fractonaIy higher than yesterday The
total sales of the day foot UP about 10000 shares Of
which Pacific Mail constituted over one-half,
about AZ, 900 shares ; Lake shore 1892 d. Paul,
$500; Western Union, 5000; Erie, 400
and Northwest, $500. Comparing to-days
closing sales with those Of yesterday we find
that Northwest Preferred. Ohio and Mississippi,
nd Rock Island, each advanced d per cent Della
ware, Lackawsnna and Western, Lake Shore, Quick
silver and CT. Paul Common and Preferred, each Il
Erie =. and Panama = per cent. Nariposa declined
Il per cent, c., c. and c., Pacific Mail and Union
Pacific, each a. and Atlantic and Pacific Telegraph
and ST. Joseph. each Z per cent Other active stocks
closed thesame Yesterday. The opening. highest
lowest, and closing prices Of active stocks sold to-
day were as fOllowsi
Opening Highest Lowest Closing