New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-20

quickly forgotten that but Tor the uniform practice Of
THE TRIBUNE to investigate news fully before publish
ing the same. they would have remained In ig-
nUrance Of the application for and the grant
ing Of an order last Friday to show
why o receiver should not be appointed for the
company until they would have read 1T in Sat
urday's TRIBUNE. They have also apparently forgotten
the assumed Joy which they expressed at the news be-
cause as they said 10 would afford them opportunity
meet their enemies and prove hesoundncss OF the
company The public and stockholders may draw their
own inference from the conduct of tho managers hut
the TRIBUNE reserves its Judgment until it has had an
opportunity to examine the full report
In the stock market to-day Western UniJn was heead
ing feature steadily declining from 69 TO &C. and clos
ing only at n recovery 20 66is. Tho board OF gentlemen
today elected directors Of the Atlantic ana faciic
Telegraph Company do not look like consolidation and
do indicate an active competition for the teegraphc
business OF the whole country. The next STOCK
In interest was Delaware and Hudson, when
after opening at 52la. quickly rose TO 53l4. and
then after setback to 90, advanced TO 5o4 ano'her
decline TO 53ia and final rush to 55al9oo2 ended the
transactions for the day. The manlpuators appear TO
be trusting expected good effects OF the report
for a market on which TO unload. Accepting the only
synopsis Of Il which at the hour of writing we baye
been able to see correct 10 wit that the remaining
profits after payment of oil charges and dividends flor
the first six months of the year 1879 are S30so2o or
1.54 per cent the capital stock. we do not
4
coal season. and of the last six months, for one
month and twenty-five days, or over one-fourth
Of the whole periodic Aug. 22-business was
done with coal at SIS per ton Delaware, Lacka-
wanna and Western sympathized with Delaware ana
Hudson 10 extent OF rising TO $685. after opening at
6a and selling at 80 and Morris and Essex. with sa OF
of 600 shares rose SOs $685. Central OF NcwJcr-
scy was duh at 1181O5sallis In the general marker
Central and Hudson conspicuous for its weak
ness although sustained by parties who held 1t spec
ulatively At above par Opening at 972 1t quickly SOFA
at 0e5s and then after rally TO OH at 96i2@91 1865
the transactions eating l0S00 shares There was
no reason this decline except the growing CONVICTION
OF real holders that this property like all Others must
respond tie basis of values. and tn TACT that
there are now buyers stocks but SPECTATORS Lake
Shore was active, fuctuatng frequently, but closing
at 50la, its lowest price, after opening ut o1l2.
Michigan Central dropped from 4ias to 1925
but rallied to Al at the end. The Hannibal
and ST. JOSEPH stocks weak, common selling AZ IL
and preferred at "a 3d. and not without reason because
it has become that the directors of the company
have beoncaed to meet Tuesday todevisethe
ways and means paying the interest due March on
81 900 900 bonds: There to be something radl-
caly wrong in the management Of this company
but as it makes no reports II Is linposs'Dlo 10
point them out The Rock Island and Northwestern
cques to-day succeeded in holding their stocks strong
North Western preferred after selling at CASA was
rallied to 5OIs and closed at 49l2. while the common
stock with unusual transactions of 1900 shares was
held at 32 a32 1921 and Rock Island only sold at 9s
a9ss69sl4 Illinois Central III lower at the close
at 81 81 and Pittsburgh declined 10 SSH Expresses
were without feature small trades and the tranSac
tons in the remainder of the list were unimpor'aht
The following table shows the
RANCE OF THE MARKET AT THE STOCK EXCHANGE;