New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-09-08

lators and sharply advanced, but no sooner did
these efforts cease than the temper again be came
heavy. SO il was alternately bright and cheerful
aud then cloudy and threatening, and closing finally
IN :" blaze OF gloryD Michigan Central was the
principal feature of the day. Opening at $751; il adj
vanced TO 39l4, reacted to 1888, and then sold Mt
03s7sQ41040l2 and finally at 412i. This
movement was helped along by a report that the
company about TO cancel some of its onerous
leases. When we say that the ruInor il probably
"unfounded," we only quote the language of Che
company's board of directors who in their last re-
port, bearing date June, 1876 remark as follows:
Sneo the removal Of the treasrers Office from ston
70 Detroit, which done solely from motives Of econ
omy there has been office Of the company except at
Detroit The stock OF the company has, 20 some extent
become subject of speculation. and, "a Is Always the
case IN suoh circumstances, macy thYonnded rhnorS
have been set a1Oat and especially relative 10 the secu
ties OF the leased lines ana pieHdc1l TO their credit
securities have been largely held IL has not been easy TO
sSry loss Tie board &erefore noe Gsh HsSscftss Of
ne opportnnng 70 state hat yep CONSIDER e Obligations
Sacred as sng Of is obligations Of am DESCRIPTION aud
further that the earnings OF the cOmany, IN these
they may beNstli further Affected by disastrous and,
they believe, unnecessary warfare amo1 competing
roads, have proved to be- and continue to be that
there should be reasonable apprehension among the
holders Of any OF the securities direct guaranteed by
the company.
|. Lake shore, after opening at big, declined to
51ss and 52l4, finally selling at 517s952 1t was
thought by some, supposed to be shrewd Observers
that during the last rapid advance from 40li to
41S4 in Michigan Central the Lake Shore party
quietly selling their stock. The transactions
III NOTth-Westerns and st. Pauls after the rise of
the morning exhibited but little life, the former
holding their gains while the latter lost them. Rock
Island came in for its usual daily rise TO 1912 but
this time held it to the close. New-York Central
sold from 105 to 104lq and rallied to 10Jl2
The light weights dull, but generally
fraction higher. Coal shares were depressed
but auctuated frequently, particularly New-Jerscy
Central which, after opening at 90 sold at 26l20
2S92G34G2S5s02Sll Delaware, Lackawanna and
Western opened at s12i and sold at S2l2, and then
declined to 1878, rallied to S1l2, and closed at SOL
rumor to the effect that the company had decided
to pass the usual October dividend is undoubtedly
premature, because we understand the meet
ing of the directors ut which the question
is to be decided will not be held until the Goth inst
Delaware and Hudson assumed more importance in
the dealings than heretofore, 1900 shares
having changed hands at S0L07ols&764
and on sellers option at 60 days as
low as 729i. Western Union, after being
firm at 70la to 705s advanced to II upon the an
nouncement that the company had declared guar
terly li2 per cent dividend. payable Oct. 16. Pam
anna was without sales, but the quotation was re,
sumed at l26913O. Pacific Mail sold at 2292l LA
213i. The entire business of the day aggregated
10000 shares, and the final changes from yester
days closing prices were follows: Adyances-St.
Paul preferred, is Eric, Missouri Pacific, Ohio and
Mississippi, and Wells-Fargo Express, each q; Rock
Island, 80; Atlantic and Pacific Telegraph Chicago
and Alton. Hannibal and st. Joseph, and Adams Ex-
press each q; Lake Shore, os; Western Union, Il;
Northwestern common and preferred each g; O.,
c., C. and Ind Z, and Michigan Central, 1913. Dc
clines-Morris and Essex, and St. Paul preferred,
each ls Pacific Mail, Il; Illinois Central %; New
jersey Central, 70; Delaware, Lackawanna and
Western Hi Chicago, Burlington and Quincy, li2'
lowing table shows the