New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-23
sALEs AFTER CALI.
Mining lshOrea
MONDAY. ian. 90 ID

The stock market to-day was c0ntinuationo a,
the movement commenced on Saturday, resulting IN
higher prices and larger business than has been ..
corded for long time. The opening scarcely cam.
up 10 the expectation Of the average operator Ia
cause the first prices were not fully main aimed I'm,
subsequently there was a marked improvement and
a final close at about the best pl4ces Of the d.y
For the time being the speculation is not disturhsd
by such trAes ~ "a probable loss in the currs,,
earnings for the month of January Of uDw.,a
Of II 100000 TO the Central and Hudso,
and over 100000 TO tho Lake Shore ana
Michiqan Southern neither does the prorails
fact that the gross receipts Of the Western Upio,
for the quarter ended Dec 81 fell largely beov ia
estimate made when it, Dividend wa. decla,sa
have any effect upon the market value OF It's stoct
These are points which mmaterial 10 the men
who hold the stock and seek to shift their load anon
other shoulders Nothing flor the time being A.,
more satisfactory contradiction Of damagngrrpo,,
relative 10 q corporation than an immediate rise IN
the price Of its stock II Is the only thing lef for.
clique to do and lately they never fail
to do il. Returning TO to-day's market West.
ern Union was the leading feature: after
opening at 1874, and selling al II. it declined 70
76I2, aud then after some hesitation suddenly ad
yancod to TIA and then 10 ~. wIth immense fans
actions, later selling down 10 ia. The opinion Of
operators was abOnt equally divided to the laFeo
transactions between ~ 2G7s; while many lieyed
that prominent operator had covered his shorts,
ut these prices. Others were equally positiv that il
was a mere marking up" by bull holders. Lake
Shore came next in amount OF transactions; opening
at 56l2 the price sagged to 56ls and then after a
period of duIness sold up 10 J7ls. Michigan Central
however, was subject 10 the most frequent hactua.
tons opening at 495s and declining to is7s Il sud.
denly went to 1853, then back to 49li and subse
quently 10 50l4 inducing a large closing mp Of
short contracts, and finally closing az 1875 Central
aud Hudson seems to have accomplished the object
for when il was bid up on SATURDAY; at al events
to-day il was quiet and ne elected at l0ili lO3s9
1914. North Western common eagerly
bought at $685. TO 81 by broker" No. 9" while Nos
3, >. 7, 9. u, and 10" were the sellers; later
outsiders had TO accept of 3Gi2 for their
odd hundreds The preferred stock was
steady at 5735GJ7l2. st. PAM common
after selling at IS to 10 and closed al ls2, the
preferred dropped from 4s7, 4sli and then rallied
to 49l closing at 80. Rock Island was cratic in ia
movements being strong in the absence Of any stock
for sale and weak when any was offered after being
duh at 1921 n 1929 1920, it was suddenly 1928
and as quickly selling at l01 y, with final
end at 1902 There is growing impression
that the fortunes of this company are closely
identified with the results of the speculation
in the Northwest. 1t is possible that this
impression may grow into pabc demand
10 know if the Rock Island is holding in It's vaults
its surplus stock or in its place the stock Of North
West Erie sold up to 107s, closing at 1913. Ohios
were featureless at 7G7liG7ls, and Wabash dull at
81. The coal shares were first heavy, but later, in
sympathy with the other market, made pafils
recover. Delaware, Lackawanna and Western
sold at 7Jli07fls G 7Ja 743l aud jersey Central at
3Ja333I a34Si a3i5s. The total transactions az.
gregated 203,700 shares, after which the market
closed extremely feyerish. The following table
shows the
RANCE OF THE MARKET AT THE STOCK ExcHAyCR: