New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-11-17
a.. course of the two storms thus far traced.
anrl prohal,flifiesv would be likely to order

-. eourse of the two storms thus far traced.
sold Probabilities" would be likely to order
ont the danger signals in the ATTITUDES
covered by the Lake Shore and Central and
1ndson Railways But, leaving metaphor, the
.oct market to-day has been a mystery to the most
rrofound of observers. While the storm has con-
fnued 20 rage about the st. Panls slightly EN-
brociag tho North Westerns, Rock Island, and other
s,ocks Lake Shore has been blessed with the
brightest of sunshine. even rejecting its surplus
lgl,t upon Michigan Central and the coal STOCKS III
may i've an uugeueroas Thought, but we only
,elect the opinion of majority OF operators IN sng
costing that fully twOthirds OF the transactions Iii
Lake Shore at 7s956ls the result of matched
orders having for their object the making of mar
ket upon which the stock could be sold If such
was the case, the manipulation undoubtedly was a
failure because it must have resulted IN
tho accumulation Of no little quantity OF
additional stock. Concerning the recent SUIT
against the company TO compel it to show ITS list
of stockholders, the street takes but little interest,"
because it is regarded as stockJobblng operanoh'
And they think So for the reason that the complaint
reads more like appeal to spectators than 10 the
court The laws of the may be briefly stated.
The Revised Statutes Of the State OF New-Iork, Gth
edition, vol 8. page 745, says
sEc 81 The transfer agent in this state OF any mon-
eyed or other corporation existing beyond the jursde-
ton of this state whether such agent shall be corpora
ton natural pcrsOn) shall at all reasOnaoe uies
during the usual hours Of transacug business exhibit
any stakeholder OF such foreign corporation Wien re-
rcd by him, the transfer book OF such foreign corpora
toD and also list of the stockholders thereof IL III ter
SIC So In case such transfer agent any clerk Of
hcr Of such agent should refuse 20 ex, such transfer
@ ne aforesaid he shall for every such oeuse forfeit
the OF $3.50 70 be recovered by tho person 10 Wuo
such refusal was made.
And the law relating to domestic corporations
Il D St0tUtPQ.
9th edition, is exactly the same, and the
same penalties attached. with this excep-
tion "Shal at all reasonable times dur
ing the hours of transacting business, be open TO
the examination of every stakeholder of such COM
parry for thirty days previous to any election OF d.
rectors" The meaning and intent of this statute was
decided by the Court of Appeals III the case OF
Cotheal agt Brewer president of the East RIVER
Insurance Company to be, that the right to " eX-
anime" conveyed the right 10 copy or make memo
ranCluns from the books 18th N. Y Reports, p 562)
Although the law respecting domestic corporations
only gives the absolute right during the 80 days
pror TO an election of officers, yet it Is well settled
principle that upon the showing of just or sufficient
cause the court win grant mandamus for an
examination at any time If the Lake ohore
Company is foreign corporation land we believe 1t
i there was no necessity for the long list of causes
Which appear in the petition the right to an exam
ination being absolute at any time on simple proof
tha. the petitioner was stakeholder; but if it is
domestic corporation, the very serious allegation
against Mr. Vanderbilt, that being executive officer
ofboth companies, he is making division of the
receipts OH connecting business between the Central
and Hudson and Lake Shore roads, which
gives TO the former larger and to the latter
smaller proportion than is equitable pro rata-h
proycn-Ought, if it does not, open not only the
transfer books but every book of each corporation.
The transactions in St Pauls to-day up TO the
respectable amounts of Ii 900 for the common and
81 600 for the preferred declining prices, although
the common closed at Il and the preferrcd at % bet
ter than their lowest Of the North-Westerns
II Is scarcely worth while yet to speak, 1t still
being uncertain whether the movements of to-day
were due TO manipulation, or to the now two years
holders of these stocks having decided to accept the
situation and sell chem at the best prices they viii
bring. Ohio and Mississippi continue weak, selling
at 5staG and the preferred at S5s69l2. Delaware,
Lackawanna and Western, and Delaware and
Hudson were a shade higher light transactions
but Central of Ncw-Jcrsey improved to 81 &i0j4h
The market closed irregular, hard and soft IN spots
with the final sales comparing with those Of yeSter
DAY as follows: DcclineS-Erie and st. Paul pre-
ferred, each ls Northwest preferred, IA st. Paul
81 Illinois Central and Morris and Essex, each q;
North.W West, 13s; Chicago aud Alton 1l2 Quick
silver, 2, and c., c., c. and H., 2l2. Advances
Central and Hudson Delaware aud Hudson, Pacific
Mail md Americas Express, each Is; Hannibal and
ST. Joseph and Delaware, Lackawanna and Western
each j; Wells, Fargo 81 Co.. u; Michigan Central,
q; Lake Shore, is and Central of New-Jersey, li2
pei cent the following table shows the
RANGE OF TIlg STOCK MARKET:
UaHF