New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-18
MONDAY. May Up. N.

The week opens with q stock market presenting
the same features as that of the market for week
past The desire Of holders 10 part with all stocks
which have not fairly ascertainable value seems
to have been increased by the expose of the current
business and financial condition of Erie, and it
is quite apparent that the market derives
whatever of strength it at times de-
velops almost entirely to demand from
shorts to close their contracts. The dealings
to-day have been upon larger scale than usual of
late, and something more than twO-thirds of the
business has been in Western Union Pacific Mail
Lake Shore and Erie, the remainder of the trans
actions having been well distributed throughout the
usually active list. The market opened weak and
heavy, and only rallied slightly before breaking
away from u to liz per cent, after which
the fluctuations confined within a range
of = per cent closing with rally
which, IN Erie. amounts to per cent from its low
est price, The total sales of the day amount to
354. 100 shares. of which $500 were in Western
Union at III a772 TIA 1855 a 20 7s,a decline
of q per cent frO1 Saturdays closing sale. OF At
lantic and Pacific Telegraph 1,200 shares were sold
at 25l2G25, decline of l. per cent Pacific Mail
was particularly weak, opening at 39l2 it for a
time fuctuated between 39039l4 under heavy
orders to buy from bears" which orders being fully
executed price quickly dropped 10 3S. Afterwards
the stock sold at3S34 81 ass ga 3s3s
G3S34, decline Of l per cent after sales of 80 400
shares rs 600 shares of Union Pacific sold at 7Gl2
| G76d7634 0757s 76as a 7512a 765sa 75l2a 7G14d
rs, decline of Is per cent 400 shares Of Panama
at 142d141Q142l2, gain of L. per cent 900 At
lantc Preferred at 1864. decline of Is per cent.
OF North Western Is, 400 shares disposed of
| at 40039l4 1904 939A a 400395s 393i. decline
| of IS per cent 500 Preferred at 53liG54; $500
shares Of St. Paul at 36G35l20352 G351 2G3Gls q
decline of Is per cent, and 500 Preferred at 81 l. u
81, decline of per cent. Wabash was but little
dealt in, only 5000 shares going at 1lia11d II b
a II II H. decline of l. per cent. OfOho and Mis-
1O,400 shares sold at 25l % l2 % a las n
2434, a decline of b per cent 600 shares Of Rock
Island at 1O37sG 1882 n 10llsG 10l leave the price
unchanged Lake Shore records the largest transac-
tons, 80 200 shares selling at 6SaGSl4 Q675s0GsG a
6738a 7ll067l2, a decline of IS per cent. Erie,
after decline of l's per cent from the opening,
finally closed with rally Of per cent owing 10 a
demand from the shorts just before the close
| $4,000 shares of this stock were sold at 269
257s 02614 a 245s02jl2G2Jls a 2j5s, a decline Of
| 80 per cent. 600 Central and Hudson sold
at 10jl2G1OjosG 1858 a gain of j. per cent; 800
Delaware Lackawanna, and Westernat 119a11 1888,
a decline Of IS per cent 500 Michigan Central at
,71G69. decline Of . per cent and 600 Hannibal
and 81. Joseph at 24l4a245s gain of Il per cent.
The market closed barely steady at the rally. The
opening, highest. lowest and closing prices of ac-
tive stocks sold to-day will be found III the following
/ table: