New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-25
Con rmp1 Min o. Exeneoucr
Crown Point I
100. slO. 4
loo. b30. Z
Lucerno
IIA !.
TUESDAY, April 24-P.x

It may require 81 or possibly 4S hours IN
demonstrate that the sharp rally In prices to-day Wit
neascd at the Stock Exchange was purely speculative
movement like those which followed the collapse In Pan
anna stock the failure of Messrs. II. Kennedy a Co.
War War IN Europe was the rallying cry used %
frghten the few remaining clears" into line mako
them buyers of stocks, thus increasing fictitious de-
mand. AS IL such event can occur anywhere
without becoming disturbcr OF the finances Of the who,e
world. IL ie true that n war In Europe may proye A
benefit 10 certain particular trades and localities hut for
every dollar gained by the export Of such tbs
country would probably lose 81 in the export cotton
alone Again, anything that looks likes general war
likely 10 food markets with large amount " our
securities now held abroad as perpetual call loan
against War requires money, and without there
can be II 1t IL advanced TO the bcigerent powers
by the capitalists Of Eastern Europe. must be by
calling Inc loans duo from the United States In tho
shape OF Government State, municipal and corporation
bonds and stocks. The market also moved by re-
port that pool had been formed outside OF the Stock Ex
change TO buy the coal stocks n this proves to be true
confess admiration is moved by the generosity
exhibited In the early PRONUNCIATION OF the fact because
speculative pools in general keep their secrets tn other
stocks have been accumulated at low % price, and
only permit them TO leak out when ready to begin tho
marketing. The public are likely TO take but
little interest in the matter tall gentlemen man.
show clear aud explicit balance sheet The old
story told by managers that they have not sold snare
has proved to be of vail toward the payment OF dy
dends, nor preventive for shrinkage OF values rang
ing from 100 20 per cent and tho OF
the formation of pool distinct from the Stock Ex
change" to sustain the price Of stock probably viii
prove no mole efcacious. Unless the true information,
demand is furnished, It nkelythe "pooI," like
OF its predecessors will find, after i has finished
buying. that investor are still selling. The market has
arrived at condition when expedicnts and soft words
will only stay it temporarily Facts made as clear as the
nocnday sum- II favorable, Will Why not let the public
The stock market to-day opened buoyant, but the
however, WAS quickly checked by orders 10 resOre
condence" That having been done at the cXpsnse Of
left 10 take care OF itself With a result that made the
prices of the previous half hour look high; so At TIC
apply Tie electrical battery, and prices weIe
successfully -, restored to about the best
lines made the best gains Of the day Delaware lacka
wanna and Western sold at 46i "a l9G ~ 20 le297%9
Tue c1cSt feature OF the lass
named was strength when the market was bare OF
Deiaware aud Hudson opened at i32 and went TO 40
1880 Albany and snsquehannas was
tega at 959 bid The rumors relating to these
stocks further than the formation ~ OF pool
shares were also higher, Central amt Hudson at $3.50
s7Ia0 81 9Ssie as@ssi4 9e749sSas LAKE shore at
Central sa. SsS SIJS55 TS39i Fort WAYNE
sold at 9Ois093, and pittsburgh at s321 S10si Inc
'D-s-'
which received support intended To ana the neg1isr
tons tomorrow OF its q per cent bonds Opening ~
immediately rallied TO $751; ut about which
price 1t was well sustained till near the ena,
when it suddenly pushed UP to s62asoleGsoi4.
North Western quiet at 164a l6i2, az 8is" wa, ue
preferred ut 33l2040. St. Paul improved from 1919 20
l65s and the pe!erred from A24 0l3li1i3ls Chicago,
Burlington and Quincy sold at SSle993d9S%; CHICAGO
and Alton at S4la9S0, and Illinois Central at AGoV
Union Pacific sold tie extent OF 900 shares AL ooA@
6e0Gjl2. Western UE0n was stfOnS at the opening ~
57a, and aterward weak at 57ss only TO rally TO Dee
and fluctuations he bid up from ols 10 %
at the very Pacific Mail ranged between
l74l673 a. without feature. Expresses were uull
and unchanged. The market closed with grand display
Of pyrotechaIcs.
Tie sales ut the last clll-3:15 p. m.-of the open
Board we've: 800 Central and Hudson, ssh; 900 Lake
Shore, i7G i71s; 700 Michigan Central 394 iOo llls'
6ss 200 Paul. 16ia; 200 preferred 42a 100 NORTH
Western, 1919; 100 Rock Island, SO5; 200 lunois Cen
trail, sos 100 OHIO and Mississippi i 400 Delaware,
Lacka and Western, 4sL 300 Delaware and HUI
son, 44ai 500 Western UDi0n J5; 700 Pachic Man,
l714 and ! TO- 600 gold ut 1U15Is.
RANCE OF THE MARKET AT TliE STOCK EXCHANGE.
----Actua oales.---- ClGslps itlao snaIes