New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-05-23

their short accounts at 10 per cent lower nrico,
tempted to make turn upon their followers ana =.
do 50 went long Of stocks in which to-d,y 81
have even less faith than when they ver. -,
only TO find them, like the bulls which No.,
them, loaded with a commodity for which tl,y e.i
no market beyond what is manipulated b. H..
selves. Hence the desperate pushes Ike tiato,
yesterday and the dull and stagnant result NJ -
day. The horse may be led 10 the water but h.
cannot DE forced to drink. Aud development, H.
those which have occurred to-day do not tend -
hasten the thirst for stocks.
IN 1869 the Pittsburgh, Fort Wayne and Cbie,o4-
Railway was leased to The Pennsylvania Comn,,,
at a rental equal to the interest on its bonded dsl,
and per cent on a share capital Of SI9.7It2s5
I'm 1872 the company, in accordance with the 70.
quiremcnts Of the New-York Stock Fycharg, g,,.
it notice Of lis intention 10 issue 10 the F,nn.lv,.
MIA Company S2,OOOOOO Of special guaranteed
stock in payment for bcttcmeuts claimed 20 Lsvo
been made by the lessor upon the road OF On, Lessee
To-day the Stock Exchange discovered that mi.
issue, limited in 1872 under the notice n
-, 100000, had been increased 10 Sj5Ot-
3OO as follows: Feb. Il. 1872. 81 COCOON.
March II, 1872, 100000; june 80. ls72.
100000. ard sept 30. 1872, 100000. H.so qas
am issue in 1872 Of %2,JOOOOO, instead Of ~ 900.
600 as noticed. Since then there has been Issued
% follows: June rs, 1873, S72S 900; Dec 81.
1873 $4,000 April 20. 1876, S95OOOO: Aug.
1G, 1876, $4,000, and May 10, 1871 ri3I. 300.
making total of S5,jOL3OO Of special uar,n-
tccd stock, all alleged TO have been is.
sued in payment TO the Pennsylvania Com.
pany for permanent improvements put upou tho
Pittsburgh, Fort Wayne and Chicago Railway.
OF course it is possible 10 be true bat wc olleu-
l.. a. l. r.f..ts. d a.
stand 1t was when leased. il viii be difficult 60 ind
property to represent oue-half the sum. % probably
is another illustration of the mystcuc, Of railway
bookkeeping. Pending action Of the Governing
Committee 20 be taken tomorrow, the President II
the stock Exchange ordered suspension of trans
action, n the stock Of Pittsburgh, Fort Wayne and
Chicago Railroad Company.
The coal stocks to-day opened heavy and declined
sharply, later rlyur and closing steady, con- ths
covering OBJ shorts. o. Do Wa understood i'ft io.
morrow tht c.fiIu'ai"- que %" n' made ,'i'r. tni
high premium demanded for their Use. Iu' % vHs
not known Chat Che Icun>f wanna Company "1
tuesday next would offer 10000 toms of coat and
the Delaware, Lackawanua and Western l'onD
tons 10 auction. This action ON ihc part of t.r.s
companies clearly indicates tio value tAcN place op
tue result of yesterdays meeting. ana What lI'Y
expect from Mr.. Governs letter DIE
aware Llc,aWauna and Western opened
al i2e. declined 10 ill2. and chen -al
at asa l2lia tja 1874; Delaware AID Hudson
sold at - D uiJi2 b@'2o.9, ANA motifs ihu TX
at G~A,a6 lla b9lt. OF the railway l-i. lIss
Shore was OBJ. most active 20 ~ 1 j-.- % i-a I1
Michigan Central. on small trading te. .lu.d nom
13ls to il-, and Central and Hudson sold 90 'tb
Roc, Island az 95ls49i09Ii2; Norh-Nc.icm at
25'-a DDS; preferred go BOA I"ai'I.; ~. IiHl lt
2Ua lJa 1917. and preferred at cog fH.-4 i''g
Chicago, Burlington and Quincy declined u"m lu2
To- 100 Weston Union was duh and -trIay 30 b2at
~ 80 ll4 G-at. and Pacific Mail stronger ar 2-I-p
22'-. OF thc cNprss's s. Adams vas lower 20 'b and