New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-19

Eric. and when forced to do 80 admits that it has
been raising money on its own bonds for two years
past at discount Of forty per cent (which
nnaiiy proves 20 be discount Of 80 per cent in
order to struggle along and keep its head above
water: and now it is cogitating over proposal to
sacrifice the last valuable asset of which ii is in pos
session in order to pay the interest upon these
bonds, admitting q deficiency of about $500, 900
from the business of the past nine months II is
hardly probable that the holders of the first consol
dated mortgage bonds to say nothing of the holders
of the old first, second, and third mortgage bonds,
will, in view of the financial showing made
in Mr.. Jewett's report, permit the sacrifice
TO be accomplished. The question is frequently
asked, (which is the next road TO be forced into
honest statement of its affairs, by having reached
the end of its borrowing capacityF' The stock mar
ket to-day has presented no new feature. Declines
have followed rallies in regular succession, and the
day closes with very generally lower prices
than those of the preceding day. The bust
ness has been about 100000 shares less
than that of yesterday, and after mid
day at times the market was exceedingly dull.
Western Union. with sales of IS, 500 shares shows
decline at the close of only & per cent. Opening
at 1878, it sold at 76l2G 1854 076l2d77076lo076s,
Atlantic and Pacific Telegraph gains L per cent, 500
shares selling at 25ss025l2025 l4G25l2 Pacific
Mail continues weak, with only occasional feeble
rallies Of this stock, SO, 100 shares sold at 3ss4
375s03sas 3377s0373a, per cent below last
nights final price IL 100 shares of Union Pacific al
76Q75% 0764 075l2075aa, records a loss of only 4
per cent The holders of this stock think they find
encoura cement in such figures presented in
the official statement of the Company's earnings
for the month of March published in Mondays
TRIBUNE, showing an increase in net earnings for
H.. n. h
ment of L per cent after sales of 600 shares at 142
@144G1449i. Atlantic and Pacific Preferred, on
sales of 300 shares at 161e7 So a 16a 1J3. shows
decline of per cent and Pacific of Missouri 1's
per cent, after sales of 1,4OO at 53052. North
Western declined q per cent. on sales of 1O4OO
shares at $685. 39ls G39o Lea $685. 80 and the
Preferred 4 per cent on sales of 300, at 5id J34.
ST. Paul, on sales Of 1,400 shares at 500 353sG3G
0355s shows loss of b per cent, and the Preferred.
on 800 at 57G56l2, a loss of l. per cent. Rock
Island fails to present quite as firm front As of late,
and at the close records decline of - per cent,
$500 shares selling at 1919 1885 1O35sa 1882.
Ohio and Mississippi only declines 4 per cent on sales
of 2, 900 shares at 24l20247s024lo. Wabash. which
was quiet nearly day, at II IL II, was heav
liz pressed for sale towards the close, and declined
10 934 closing at 97s, being 1Ss per cent
below the price last night. after sales of
London after yesterdays holiday higher than
expected-23l2, equal to 265s here. opened up with
sales at 20 and 261l, but quickly declined to 2Jl
and sold at 25bsG 25ls0255sa - lsG25l2, decline
of only Is from last night, after sales of $1,000
shares. The steadiness of this stock at fraction
above - strongly reminds one of the manner in
which Wabash for q considerable time played
around the figure under similar circum
stances. Lake Shore again declines 5 per cent on
transactions in 10000 shares at 672s467 y q CTS "a
673sG 66l20667s Central and Hudson also de-
clincs S per cent sales of 500 shares at 105loa
1853, a 10J Delaware, LackaWanna and Western
4 per cent sales of 400 shares at 1lolsa 1883
Michigan Central, III per cent oD sales of 7OOshares
at o. POI La 672i and Hannibal and St. Joe 3 per
cent on sales of 1000 shares at 245s424li. The
total business of the day 251.50O shares. The
market closed irregular and feveIish. The opening
highest. lowest and closing prices of active stocks
sold to-day will be found in the following table: