New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-04-03

at times quito scarce, owing to transfex
for election purposes, but that demand ceased
to-day at 8 o'clock, so that early in the week
certificates are likely TO be plentiful again. The
price of this stock was undoubtedly more or les,
affected by Of railroad meetings; but as lake
navigation is about to be resumed, what the rail.
roads agree TO do not to do in regard to freight
except for momentary speculation, will be OF
little importance until next Autumn. Western
Union has been neglected and its price
kept between 6714G6Sl2 while one by ono
the operators VINO shoN have become tired, and
brought in their stock in order to play in less bar
rem fields Its price at the close is only 4 lower than
one week ago. Pacific MAIL after selling up to 2l3s
closed at 1914 The expiration Of its contract with
the Panama Railroad, the unexplained detention at
San Francisco Of the regular steamer for
Australia, and the general mystifcatiOn that
prevails to its financial condition, had dampen-
ing effect upon the ardor for rise which prevailed
early in the week. Panama stock took sudden
fall and was offered at 124, although there were no
sales under 12s and the stock closed at that price
bid. Erie was the playbills for "25 this
week. bat its highest price was 207s topen-
ing), and its lowest 1915, with final sale
at 1912. Some people inquire, "lf St. Joe
Common and Ohio and Mississippi, neither
of which has defaulted its interest and is there
fore so unfortunate as to have no coupons t5fund,
are worth 16 and 10 respectively what should Erie
be worth after it shall have funded its five years
coupons on $ij,000,000 of bonds, and thus in
creased its annual charge for interest largely above
the that it has heretofore been unable to pay p
The conundrm is too much for us in the absence
Of more positive information IN regard to that
third rail" Investment stocks have generally
Il 4,
Central sold down per cent on small transactions,
recovering part of the loss at the close Express
stocks, which have had a remarkable rise during the
past few weeks, based mainly perhaps upon an az.
ticipated large increase OF business growing ont
of the Centennial celebration has been quiet
during the week and in the man lower.
The recent favor with which this class of stocks has
been regarded has induced some inquiry as to the
financial condition and business of the companies
issung the stocks, resulting in the conclusion that
they are generally very close corporations. which
never make reports of their earnings or expenses,
and seldom or never, far the public is aware,
hold elections for trustees directors. In short,
that they are no more than cOpartnerships aud are
therefore perhaps under obligation to make
ports But if this view of the case be correct
il may be questionable If theirso are such are
entitled to be called at the Stock Exchange any
than WOud Dc the private interest OF an lndl-
yidual in any mercantile firm. In this connection
we hear a rumor to the effect that new express
company extending the continent is about to
be organized under the auspices of some of the lead
ing railway managers. As the story
the company is to be organized upon the
hard-pan principle of the present low
prices for everything; and it is understood
that some of the leading lines, such the Erie and
its connections having good for being dissat-
i,ed with the unbusnesslikc practices of lines using
their roads, would gladly favor such project. The
declines in stocks, com airing tOdays closing prices
with those of Saturday last, have been, in Central
and Hudson and Wabash, each l. per cent; Adams
Express Kansas Pacific, Missouri, Kansas and
Texas, and Western Union, each Il; Chicago,
Burlington and Quincy 30; Delaware and Hud-
son Canal Harlem, and Wcls-Fargo, each 2 !; Chi
cago and Alton, s. Fort Wayne. 81 A; Quicksilver.
4 New-York and New-IIayen, Chic and Mississippi
Preferred, and Pittsburgh each Erie, Ia North
West and Pacific Mail, each 13s Lake Shore 1l2;
Ohio and Mississippi Common, rs; Michigan Cen
trail, Hannibal and st. Joe, Northwest Preferred,
and Iron Mountain, each 2; American Tx
press, 2ls; Illinois Central, 3; st. Paul, 3is;
c., c., c. and l., 81; ST. Joe Preferred, 32b
Panama D. and st. Paul Preferred 5l4 per cent. At
lantic and Pacific Preferred advanced Is per cent;
Delaware. Lackawanna and Western and Rock Island
each Il; New-Jersey Central and L. s. Express each
=; Chicago and Alton Preferred, Missouri Pacific
and Union Pacific each H. and c.. c., and /. C.2L2
per cent. The following table shows the
WEEKLY RANGE OF THE MARKET.