New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-28

Rerfha Gold co
FRIDAY, April 27-P. n.


Seldom of late has the Stock Exchange ex-
perienccd sensation equal that of to-day which was
caused by at only 80 seconds before
tile hour adjournment OF the suspension OF the prom
inent speculative firm OF Mossrs f. N. Robinson d. Co,
OF which fuller particulars viii be found elsewhere.
Bankers and brokers Immediately congregatcd In
Broad-st to discuss the event and It's causes,
giving TO the street appearance OF high change" TO
an unusually late hour Additional interest WAS mani
tested because it was known that the firms un-
certified checks TO the amount or about S3o'0O
held by different houses The principal topic OF con-
versation. however what the immediate effect was
likely TO be upon the stock market, concerning which
there Of two opinions but the prevailing ono
seemed to be that whether II was "bul or bear" fall
the liquidatons from 10 had been nearly completed
before the announcement and therefore that the elect
would DO damaging to existing prices and hence there
was greater feeling OF anxiety In regard To tomorrow
than We have for time witnessed. At time Of writ
ing 1t is understood that all outstanding checks OF the
firm will be protected and that differences on contracts
will be paid.
RumOrs set af0at again to-day Of a contemplated
advance easbOund frcights by the trunk ines but
in view of the fact that grain is ready being taken by
lake vessels at Chicago for Buffalo mt three cents, and
that the New-York Assembly has voted to reduce the
tolls the canals is hardly probable that railroad Off
cals Will repeat the farce Of treating the public AZ II 1t
was composed OF children instead Of men fully
Yersant with the business OF the country the man
ayers themselves ii existing rates give so little busi
that Is necessary to bring empty east 20 do
the comparatively. small wcsternbound business, a
higher rate is hardly likely to improyojt, with all the
courses open free competition 20. II anything
OF the kind put forth, will he safe to reckon"
that its purpose affect the market prices OF stocks
The stock market to-day opened eyersh and Irregular,
later improving and becoming at the end buoyan under
the heavy purchases OF brokers, which aierward
learned TO be largely for account OF the suspended rm
Delaware, Lackawanna ANA Western started at 454 and
sold at 4G3saff5aai7ii Delaware and Hudson sold at
4Zs 30 and later at 45ls Morris and Esscx
opened 81, sold at GG2 and closed ut 20. while Rcnn
saiaer and Saratoga sold III small way ut 03o3lli.
agreement between the coal companies about TO 10
abandoned The trunk lines after being steady
at decline from last nigh: were higher. Central
and HUDSON going to 9l9SoGllS Lake Shore TO
40hQ4S7s. and Michigan Central TO 4llsail.
The Changers generally participated n the Improvement
caused by the forced buying Rock Island ralying To
$685. St. Paul preferred to 464G 1913 Northwest 10 1884
0l0 preferred to 42a, and Illinois Central TO 3D. but
Chicago. Burlington and Quincy lower at 09G99I.
Western Union also higher at 5Sls TO 5050593 and
Pacific Mail at leli02Oi3 Adams Express reacted To "a.
aud Neis-FaIgO t0 S27s. the others being steady.
The sales at the last Cl-3l0 p In-Ut The open bOlrd
were 100 Central and Hudson 9li; 100 Ere, CS; 200
Lake Shore, 4JGiS7s 100 Michigan Central iO'5 100
Rock Island, S94; 200 81 Paul preferred 40; 100 ONO
f5Is 800 Delaware, Lackawanna and Western, a. 90
47l4; 100 Western Union. 1888 and $4,000 gold AT lV'
RANCE OF TnE MARKET AT THE STOCK EXCHANGE.
-Actna oaIes---IlJsing Bias shares