New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-12
OFFICIAL REPORT OF AMERICAN nImSG RoARD
FIRST BOARD-11 O'CLOCK A. N.
WEDNESDAY, April III. ".

The stock market to-day was the scene OF
wild excitement resulting in large business C542OOo
shares and a material decline for the majority OF the
list. Naturally the NoItl-W steTns and Rock Island
the center OF attraction as III these were 10 DC aS
covered the first indications of what TO be tire out
come of Yesterdays furry. so when il was announced
aft Rock Island had sold at 92la, Northwest at ~,
and the preferred at 4f2-that the highly respected
firm Of MossTs H. Kennedy Co had suspended there oc-
Cured rally Of abcIt per cent, which, however was
of short duration Later IT was reported that the Dea-
aware and Hudson Company had applied to the courts
for the appointment OF receiver; this created
panc in the coal Shares. which before had
simply been heavy and weak. The report was d.
MED before the closing OF TIE board CAUSING l"iN
of 5l2 per in the Delaware aud Hudson and OF Il
in Delaware Lackav and Western from the extreme
lowest points Central ana Hudson and Lake Shore were
the main stays of the market II beng reported that Mr.
Vanderbilt had recently purchased some 10000 shares
Of the stock THE TRIBUNE is not keeping the books OF
stockholders and therefore knows nothing about the
truth fy of the report hut IN view OF all the Ics
relative the property and ls business 1t Is more IMAM
probable that the report is circulated for the purpose OF
helping falling speculation of some one entirely dscon
ncced either with the Central AMI Hudson or Lake Shore
companies In these times. however, it Is OF but little
interest to the pdhic who bays large or small block OF
stock the latter OF it, And 1t has come TO ne
regarded not favorable sign for stock 10 Dc hel"
In against the remainder of the market such was the
case with Panama ANA more recently Win the MOTH
Western and Rock Island.
Central and Hudson opened at 92l2. slowly reeeded to
81 D. and then after q rally to o. to 0lls Lake Shore
started at IL df75s declined to i62, rallied 10 AIS,
back to iG with fin al sales AT 1919. Michigan Central
sold at Il n A i $3.50 l. a37G37's; Erie at
6a3dG st. Paul at ljl2 dl3qIl and preferred NJ 43a
ai3la 1874 Rock Island opened ut % d95li with CON
siderable business done at the prices and then deemed
20 92l. followed by rally to 935s and then drop to
81 o. with last sales at 0l7s Northwest common sold
steadily down from p 10 10, and after reaction
70 Gle to lsla. The total hu1incss comprised but
600 shares which indicates bat trins progress toward
humiliation The preferred sold at l6 Mia iGl2a l7ls
being well sustained for the fret hour, but at'Wdru
settled to H. at which II closed ate. transactions az
grcuatlng only $500 SEH1ts. Chicago, Burlington ana
Quincy dropped to 90, 0it thicd&O aud Anon - ~
Illinois Ccnta solu at 47lsG t7"sd 49, and Union Pacific
az 66l2 SO. Panama lower az 81 Q9o. lac coal
shares at first exhibited some decree Of Sicati-
ness, because Of beng dull but later were
weak, ard then paIicky, on the report before re
frrrrl 10. Delaware and Hudson sold at 16IsGfGa
4G7sa46G370fll2; Delaware, IackaWanna and West
EsscN al SCH ~, and Central Of NcWer-cy at y
Western Union largely dealt In at prices ranging
81 taJ13s down 10 56l5 03b Pacific Mai, on Eht
business. declined from l7t 10, ana Expresses were
lower Adams selling at $685. 99l2 The market closed
The sales of stocks at The last cal-3:15 p Inof the
Omen Beard follows: 500 LAX" shore, lGiiU
iGas: 2CO Michigan Central, 3135; 300 ST. Paul la
1874 800 preferred, 49,, i33i @CO ONO ana MSsls-
SuD ;;5g 100 Delaware aud HUDSON II d; 800 Della
ware Lacka wanna ana Western, ls, ana 200 Western
Union, 56lL