New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-21
have not been entirely harmonious, ana the
former road had commenced tho building OF limo OF

have not been entirely harmonious, and the
former road had commenced tho buidng OF lino OF
III own which il completed, would be q competitor
for the Colorado business and therefore be likely to
seriously interfere with the traffic and fortunes of
the Kansas and Denver roads. II having been TO
day reported that the diaeronoes between the two
roads had been satisfactorily adusted and that
mutually advantageous running arrangement haa
been agreed UPON the Kansas Pacific stock came
10 the front, and made the handsome advance
of over 2 per cent OH n fair amount or busiless'
The length Of this road, with its branches, Is O3'
miles, Is capital stock is about So 100000 and us
funded debt about S2l 000, 900, besides the Subsidy
Of Government bonds, amounting to SG,3o3,po'
The operations Of the road for 1S73-thc latest re-
ported-show gross earnings, 81, 5G3.209; operating
expenses, 81 10000 leaving as net earnings 81
44G,309. In November 1878, tine Company was
compelled to default in tbs payment OF interest on
its bonds and proposition which 1t made for iuld
ing its interest was generally accepted by the
bondhoders that it was put into execution ana
i'm November 1874 the Company resumed
tbe pavmrnt of onealf the interest OH its bonds in
accordance with the funding Arrangement. But
subsequently, a suit was commenced by some OF the
dissenting bondhOlders, and We believe the case Is
still pending. Union Pacific made still further al
y
lowed By a reaction of 1l2 per cent, aud later par
tia recovery so that in the end il gains FRICTION
from last nights price. Wabash, aftor dull
and quiet mornings business, made an up
ward dash later in the day, just ut
the time when the general market was
ut its most depressed point The advance was prob
ably caused by the covering of shorts, though ac-
counted for in the street by rather absurd Story
running TO the effect that arrangements nave been
made for The resumption of interest payments npon
the dishonored bonds Of the Company. Hanama'
very naturally after its rapid upward movement of
Yesterday declined to-day until quite one-half of its
advance had been lost. Twenty per cent over night
very naturally fctchcs investments to
market OF Pacific Mail, which today was
quitc az weak il strong yesterday
and the day before il IL sufficient to remark that 1t
appeared to be afflicted with too mnch contract"
Lake Shore, for the first time in some months, got
AWAY from the old magical point of 1873 and sold
down to 7225 Cons lerable curiosity was exhibited
10 know if the old order to buy was still good, and
ts failure 10 put in appearance brought consider
able long stock 10 market; but the price was very
well sustained in view of the not iInprob-
able statement that tho earnings OF the
road for January, February, and March show
n decrease in gross earnings OF 81 100000 compared
with the corresponding period of 1874, and the buy
ing of shorts caused rally at the close. Northwest
ern and So Paul Common, well as the preferred
stocks of each. were weak. The total sales Of the
day were 30, 200 shares, and the opening, principal
fluctuations and closing prices with the losses aId
gains from last nights closing quotations.
were M follows: Western Union, $4,000
shares at 77lga 77IsG 77lsd 1873, loss of a
per cent; 800 Atlantic aud Pacific Telegraph
ut 2Gls as l40 2G5Sa 27612Gl1 O262s gain Of
Il per cent Pacifc-Nail, J7,100 shares at 40os0
153i6 t5a t5liDtI3sG ) 344 04f5s, n loss of 81
per cent Union acic, - 800 shares at 7307lli
G1730aE : fd 723,G173ls gain of Il per cent Pan
ANA 1900 shares at 1lJU1i10l i20 13S01f03
15Slo loss Of 10 per cent Kansas Pacific, 5000
shares at 19i2G21I2a2f1202Gi gain Of 7
pr cent NortlI-Wcsern, 10000 shares at 4li20
l3l sl1 1917, q loss Of l per cent; Preferred,
900 shares at jGll6056, y loss of q per
cent? st. Paul. l., 900 shares at ls037al, loss of
u per cent; Rock Island, 1900 shares at l033ld
7sG lo3l2. loss OF li per cent Wabash, !, 500
shares Mt 1Jir61 70167sF5 1jai, a gain Of y per
cent; Ohios, $500 shares at 205sD2G3i H2Di2
1863, chance; Lake Shore, 3J,100 shares
at 73;S@72' s172 s072ai3727s, loss of
Il per cent; Eric 21,lOo shares at $3.50
81 4Q31 lo03IU3l li03l 8, loss of o. per
cont. Central and HUDSON, 900 shares at 1O2lilD
lO2: Del, Lac. and Western, 500 shares, At 1854
lDllJl2, gain of per cent, and Hannibal aud St.
Joseph, 600 shares, at 2G3 02G1i, a loss of 81 per
cent. The market closed quiet anu steady at the
rally which occurred within the last fifteen minutes
OF business. The opening, highest, lowest, AID
closing prices of aaf,ve stocks sold to-day will be
. 4 -, a.. 4. -,