New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-24
oFFICLIL REPORT or AMERICAN MINING B0ARD
SfLES-APRTL 49, 1877.
FIRST poARp-11 O'CLOCK A. NJ.
MONDAY. April 23-P. NJ.

Few if any of the professional stock opera
tor. comprehend the existing situation of affairs Hav
inr io long time been accustomed to market con-
ROLLED TO greater degree, by the desires and ma
uipua,ons Of lcad,u- igtsThev fail TO recognize the
new element introduced by selling public. aud wonder
a the quantity o. stocks which may be purchased, after
the recent heavy decline. With 80 little effect
upon prices While spectators have been
comparing prices with what they were six
mont. or a year ago, and studying the speculative
position OF this tina prominent operator he investing
public have been examining lc stock list OF 183S-lS6l
and comparing the capitals and d-bs then with those
existing now. Ths rcsult is that their eyes nave
been Oh nod the manner in which some corporations
ver, enabled TO pay large ",yidends mp TO almost the
daytk cy entered bankru tcy; andthcy dsiust o'her
companies which, while otill paying the dividends are
seeking tine ways and means of borrowing more
honey Hence the s'cs)y influx into Wall Street
al such q quantity Of stocks that it uPsets the
calculations Of those VINO attcmp; t. force turn on the
"bu" side IN suc, gccucy rs the pres M, IT ls
natural that numerous schemes shpud be proposed as
remedy fo3 tie prevailing f'srlst. One suSscs-
ton 3, thlt Tie directors Of Va 'uS companies al
particularly OF the Goa. rail- ca3', lul'!t combine to take
all The shares offered So TIE In other words II
/, proooscd that speculative cI2oisntS be rcsCgcd 10
10 Sustain the market pr,s Of stOc6s and securities
II they nre Entitled 10 sui' Urt at al. The managers
can easily Il by issuing sworn statement OF TIE
actual codl ~ iho properties and their business IN
manner So plain, staple, and huSln' 49, IKE as 10 he
iitelHubc the pablo without the aid Of an expert
Let Central and Hudson render detailed account cf Tie
manner in which the proceeds OF ,cme S27o0G0O0
honds-netiing upward Of $50 900 900 in casI-have
been evJclicd. and give .sO1able explanation 81
those wonderful "msceaucv, eIrring';" let all
other corporations max. Ike ,iicd aud particular
statements. AMI the showues prove 70 DC satisfactory
will De found 10 resort 10 eXpcdicnts 10
stay the STOCK market for day or two.
Stocks to-day opened With decided tcining tendency
which continued Tor the first hour after which there was
a ,toadcr feeling followed by sharp recovery the
luyinc by shorts" Central and hudson was dealt IN
10 the $1,000 shares opening at -, it declined
10 81 rallied 20 STA and then dropped to sll. Later il
recovered Ia SILL ald closed u; ST. Halem lower
., II -,,,, ia. in ~ rai.virg and closing at 49,.
Michigan. Central sold 10 3Jl- Q3Gl9U%S. ami then III
1ir :sf mar hDur made bls:,G tC 3>7s. Fort Wayne
sod ~ - q -ii ESQ, aud Cleveland and PtisburS nj II
earl, I9Gc "A; to SIT, hu later sold al 81 2 and ali
Ter $50 +. M "a sJGS3750 |Jii. No;thWc>G common
WIS dali l6'2 aa9 TIC pre- icred ac,lve NJ
39ia i74C39 e. Paul soid TO limited oxen.
al 1lii-G1j, while the ~ cred Win Large
hnsie.. huo,uated between 124@ iO'5Wl2 CLi-ag1
6o n, AIIon al ~ Lin ii. -cmtral at 49il
sl,, wcrr weak aud Grn by spells; Delaware, Lack
avaunl AMI Western froqucaty iiucxotn between Il
as and 1890 rs, and Delaware aud Hu son h.jWoeA
4Oi.QSGi50I.54. Again Western Union was used rs .
Up from J6 To - within Tie FIRST af LOur in the lncc
o. te nca,utss of the general list; later il RANGED
M' v 2S anil dp bn o. Il higher D' at i6S7 Adams
Express declined to 81; American TO 80 @Jl and United
lie sai,s at lie last cal-3:l5 D. m-of the Open
Board were: 10000 gold l07l2 100 Central and und-
son s7 200 Lake shore S6; zoo Mic 1G n 1en'rnl
Mississippi. 8; 100 Delaware, L9ckawanna andsWcsi-
eTn, 49,, and 100 Western Union, 17i2.
E,NGI % THE MARKET At THE STOCK ExcnAEGK