New-York tribune., 1875-03-06

have met with at least temporary success had not
the project become known, and equally strong
parties stepped into the market the quiet
purchasers of the short stock offered for sale,
and made counter preparations to defeat
the movement. As it is likely to be square stand
up fight" between capital and skill. not very un-
evenly divided each side, it may bo very
much doubted if the general public have any
anxious concern as to which party comes out OF the
conflict victor. The market this morning opened
quiet and steady at about the last prices of Thurs
day. and after slight fluctuations for the first hour
or two, began very moderately to gain strength,
which continued up to the very close. Pacific Mail
opened at SO and closed at 3S with sales during the
day as low as 81, and up to SS!. Western Union
opened at 74s and advanced to 75 at the close
Chicago and Northwestern, from having been
yesterday the weakest stock tho list, became to-
day the strongest. Opening at Al. 1t rapidly ad-
vance to 42i on a very small business; when appar-
emily the movement being too rapid to suit the
ideas of the chief purchasers, the orders were
withdrawn and the price dropped back to Az,
from which point there was steady rise for the
remainder Of the day to 43i AS intimated in this
column this morning, the signs point to danger
ously large short interest in ts stock. and the man
ner IN which it has advanced to-day on not very
large business is rather conirmat0ry OF that POSI-
ton, although it is undoubtedly true that the ad-
vance has been largely aided by to the effect
that this road was likely to become more intimately
connected with the Pacific roads 1t was also
learned to-day that the terms Of the law which has
finally passed the Wisconsin Legislature will not
probably reduce the earnings of the NOrthW estern
for the year more than $100.O00 below what they
would reach if all restrictions had been removed.
The preferred stock of this company opened and
closed at 54 having sold down to 81 st. Paul opened
at 81, sold at 33 054s. Lake Shore sold at 1905.
Q733 Wabash was strong between r. the opening
price, and 49,, the closing Ohios started Oil at
26 declined to 259 and closed at 263. Union Pacific
has been moderately steady; after opening at 49, 1t
sold up 49, down to 49, mp again to 49, and back
10 432 at the close being per cent advance from last
nights final price. The market closed quiet and
firm, after total transactions for the day of only
lSl 700 shares being 1900 less than yesterday. The
sales were distributed as follows: Pacific Mai!,i
Il 800 shares North Western, $500; Union Paclilc,
29,5QO Western Union, 24.10O; Wabash, 1870; Lake
Shore 70 100; ST. Paul, 72O0; Ohio and Mississippi.
1890; Panama, 1900; Northwest Preferred, l,5OO
Rock Island, 1,fjO and other stocks, @,l50 shares
Comparing the closing prices Of to-day with those OF
yesterday the active stocks exhibit an advance of
to per cent, viz Atlantic and Pacific Preferred.
Erie, Lake Shore, ST. Paul. and Union Pacific, per
cent each: Central and Hudson and Atlantic and
Pacific Telegraph Company, each I; Pacific Mail
and Western Union, each OHIO and Mississippi,
s.: Northwest Preferred, u; Wabash, Il, and
North West Common. per cent. The opening,
highest. lowest and closing prices of active stocks
II. H.. f,li