New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-04
NETWORK DAILY TRIBUNE FRIDAY a. ls75-TRIPLE SHEET

which successfully drove down the prices of few
of the speculative shares from 4ia " cent early
in the day. after which the market reacted several
times but did not again touch the lowest prices Of
the morning. IL seems that advantage was taken of
its effect upon the market few days ago. of the late
decision in favor of the Union Paciho Railroad TO
market considerable of the stock 50 that With that
uncertain quantity of stock set afoat 1t becae easy
to brighten the recent buyers of it at 7sV79i2 aid
the work of depression which was begun yesterday
continued this morning until the stock had sold
at 704 against 7434 at the opening, at the same
time carrying along with it Western Union, Paclhc
Mail, and Lake Shore, and weakening the whole iist
only in a lesser degree. All this had been accom-
plished by noon but the same tactics were resorted
to again as soon as the market rallied OF 2 per
cent, and special pains taken at the close to
give to the final transactions weak tone 1t is be-
eved by close observers that during the day large
proportion of the Union Pacific stock which had
been sold on Tuesday repurchased by the
parties then selling Western Union, although
it sold al 1919 early in the day, atterward
exhibited great strength at "a and above and IN tho
raid made Just before the close refused TO yield
below 74ls There may be and probably are sufii-
cient why Lake Shore should sell even lower
than S. but after such work to-day has exhibited
it would not be surprising to it violently react
Erie was neglected, and luctuated only u per cent
on the smallest business in it yet recorded since its
price was 80. The short interest is becoming tired
of stock which is held so steady and is gradually
closing up as is evidenced by the reduced rates for
borrowing the stock which to-day l6i to fiat.
London advces report the same conditions for the
stock on that market jl2Q J3i with no business
doing" We notice that in the New-Jersey courts the
appointment of Mr. Jewett as receiver for the pOr-
ton Of the Erie property within that state is siren
uously opposed and that the Judge reserved his de-
cision II is to be earnestly desired that there may
be no conflict Of authority in this unfortunate case,
for it seems to be bad enough as it Is. The total
transactions for the day aggregate $4,000 shares,
distributed among the active stocks as
follows: Western Union, 1O2,7O0 shares
at 753i 07J7s 973l29 744 1904 OIL! 9TH
Oils, a decline of 12l per cent; Allan
tic and Pacific Telegraph, 200 at 23l2023,
decline of per cent Pacific Mail, $500 shares,
at 81 l44325s DO $685. a 320s 80 G325s, de-
cline of ia per cent Union Pacific A., 500 shares,
ut 7i3l 0737s0 74ls072l2 73970l4 IA 723sG712l0
| T3072 l20727s a7l l20715s. decline of per cent
North Western IL 800 shares at 4Ol29l05i Q393i
44O5o n i0ls u i0l2, decline of 3 per cent; ST.
Paul, 200 shares at 33li 933033l2, decline of
Il per cent Preferred, 800 shares, at 55054ai055
Rock Island, / 700 shares at 102ls l0201023i, a
decline of Il per cent Wabash, 500 shares, at OLA
9l209l a decline of 30 per cent; Ohio and
Mississippi. 400 shares at 234 2l20227s
0225s, decline of 10 per cent; Lake
shore, $4,000 shares. at NEUTRALITY-SUSPICIOUS. 0
5sUj0li 95S1 l. 0J912 QjS5s 059l405S7s decline
of l7s per cent Erie, 10000 shares at 173i0l70s
1880 175s01S. no change; Central and Hudson,
2 100 shares at 102li 0102G 1913, advance Of q
per cent Central of NewJersey, 400 shares ut 1Os2
01Osli decline of Il per cent; Michigan Central,
600 at 6i0G3ai, decline of Il per cent and Of
Hannibal and st. Joseph, 300 shares at 2102O7s@
u, decline Of 7s per cent. The market closed If
regular and feversh. The opening, highest, lowest.
and closing prices Of active stocks sold to-day viii
be found in the following table: