New-York tribune., 1876-03-13

have increased very largely Of late but 1t isa sngu
lar II not suspicious fact that they give us no figures
except rhetorical demonstrating the truth OF TINS
statement. They pushed the price up to 60. Tom
which it had receded only u per cent at the Close
showing an advance from last Saturdays closing
price of "a per cent. The other noticeable
improvements have been 3L per cent In
Michigan Central; 3os per cent In st.
Paul Preferred, on account OF the promised
dividend Al in Chicago and Alton, and 81 IN
Erie which sprung suddenly into unwonted activity,
and though near the close of the week, very
much to the surprise of the uninitiated. 1t is now
officially stated that the Lackawanna Iron and Coal
Company and the Cambria Iron Company have
agreed to furnish third steel rail for the Erie
Railway from Waverly east to Jersey City.
This will complete the narrow gauge over the entire
road from Buffalo and Suspension Bridge to jersey
City, the Lehigh Valley Railroad Company having
already agreed to furnish the third steel rail from
Waverly west to Buffalo The Delaware and Hud-
son and the Delaware, Lackawanna and western
companies arc to appropriate. by agreement with the
Erie one twenty fourth part of their transportation
earnings each month for two years to pay for the
cost Of the third rail from Waverly east to Jersey
City, The Delaware, Lackawanna and Western are
now narrowing their gauge, and the Delaware and
Hudson have just completed their narrow gauge.
These coal companies have existing contracts
for transportation of coal, and all now beng
narrow gauge roads, the purpose of narrow
ing the Erie gauge can be seen. 1t will also be
observed that the Lehigh Valley arrangement gives
the Erie a direct route from the West into Phila-
dephia by way of tho Lehigh Valley, North Penn
sylvania, and Reading roads. This arrang ngemeneal
gives the Erie the advantages of connecting with
the narrow gauge roads Of tho West-the Lake
Shore, Canada Southern Michigan Central, &c.
These new-found hackers of the Erie Road claim to
feel indifferent to whether, the foreign
bondholders Of the Company fund or fight, claim
inu that they can staye off final action
if necessary till such timo as by renewal of bust
ness activities, the Company will bo in condition
to take care of its debts if not of its stockholders
As fair tit for tat argument, the Erie stockholders
respond to the Scotch Bohdholdors Committee, who
complain of distractions put i'll the way Of obtain
ing their dues by foreclosure, by pointing to similar
state OF affairs in regard 10 the Canada Southern,
whose defauting bonds arc held mainly by citizens
OF the United States. Western Union has been ac-
tive and in tie main weak the passing of the
dividend and the financial showing of the Company.
During the week stock has sold UP to 697s and down
70 67ii, closing at 677s, decline Of 1ia per cent
since last Saturday. Union Pacific advanced hand
somey on the favorable annual report, but lost the
Improvement later IN the week Pacific Mail has
been very active and very roughly handled, having,
on sales of 23l 900 shares declined from 23i2 10
1873 closing at the lowest price OF the week.
Changes in other stocks viii DO found in the sab
Joined table, which gives the