New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-10
OFFICIAL REPORT NEB- YORR HTvTvG ST0CR.
CRAN0E sALRs OCTOBER 9.l8aI
sECOND ROARD-l:3O P. ".


This day on the Stock Exchange may be
cassed az an of day for the "bul" Speculation The
opening was characterized by great eyersbDcss, with
strong an inclination toward lower prices as 70 tax
heavily the cques manipulating powers Of resistance.
There scarcely doI bt that the INSIDE" holders o.
the ST. Paul stocks have improved the opportunity az
forded by the late "bulmg" Of the trunk line shares
10 make q far distribution OF their stocks at
round profit lTt VIII be remembered That they did the
same tng IN October 1876, after the declaration of the
unusual seni-aunull dividend. Hence, the natural
hcavnes5 ~ stocks acts like drag upon The prices
Of other Stocks although the great blocks Of Control and
HUDSON and Lake Shore, are as strongly held a. ever
ST. Paul common declined to 800, and closed with
rails 4O2 while the preferred sold down to G93 and
closed at 7Ji4. Northwest common, after several
fluctuations declined TO Al. but rallied TO 4233
al2Is and the preferred declined from g. to
6Glo but closed 67l4, after rally 10
675s A correspondent asks why for the last
two weeks, there have been reported gains m the
earnings Of he Chicago and Rock Island Railroad Com
pauy We are unable give further inform ton on
the subject than that furnished by weekly tables OF
comparative receipts Of grain at Chicago, which have
shown decline in the receipts OF corn as compared
with 1876 during the last three weeks 70 have been
about 600 bushels and we may add that ths COM
pany never reports any losses It's stock, to-day sold at
1914 "a 1882 al 1888, and was inactive
Ofthe trunk line shares in which the larger specua-
tors are more particularly Interested Central and ud
son after opening 1919 and advancing to los decn-
ed to 1868 At that point It desperately sustained
and 1t was then lifted to 1878 The last sale was az
1875 although the closing quotation was lO7Ael07si
Lake Shore opened at ~, and experienced numerous
fluctuations before sold at 7O7s Here it met sustain
ing power which succeeded in sending the price back TO
7la,. and it closed at 71i2. Michigan Central sue
ccssfuy stemmed the early decline, and advanced
from 632i to 654, buu later yielded to
G33i and closed rally at 6i7-a64'i
Erie was largely dealt in $4,000 shares but within
based on values Is wonderfully inconsistent Whcn II
requires aid and comfort OF rise in the price OF Le
concern not paying interest on over one-quarter oil ~
bonded de0t and even then Increasing the amount OF rs
receivers certificates OF Indebtedness regularly every
three monthsl But the present prices "r tf stoch I'm
to ne more attractive 70 tn EngShen than ntt Won
derful reconstruction scheme, winch requires tae pay
mcnt II 70 per share ia order 70 retain an lhrst III '
company with more than S6OOOO'OOO outstanding IN
With the exception Of Delaware. Iackawanna and
Western coal shares all lower and naturally So
et Win its production OF 600 per week aud evil
IDENTIFY intends u ind sale for IT, The company to-day
issued its schedule OF prices wlcA shows an aFeuc OF
~ cents reduction from tne late schedule prices OF the
WkesbIrrc Company This serves 20 illustrate
wha the two Delaware companies. which have now been
nonproducers ana consequently OUT Oh lhs mar I1I
nearly one-quarter OF year-would nave To 90 should
4i0 i93 Morris and Essex qua nleed by Del eleA-
awanna aud We,ternl at 7Jl2G 1919, and Central Of
and Western after opening at 81 and ceiling at 5u9 rose
to 52s il then declined {" BOA anu subsequently rallied
To ol'oU0l'i' ~ Mucu ~ OIVa"' -, "I.
ing out all the short" interest, and IN
convincing majority of the operators that something
mysterious il at work Hence any withdrawn OF the
sustaining power now that the stock is selling perez
above the no less valuable Delaware aud Hudson would
precpitate sudden and heavy decline Nevertheless,
after The experience OF the past two months Is not I'M
possible it, ike other almost worthless stocks Is De-
ing sustained BY great capital aud larger credit
Western UniOn after being steady for the greater part
Of the dav at Sz GS22, suddenly became active and adj
yancei 10 81. Quicksilver preferred sold at 1903,
bur after board hours sought Tor at A., because o
= flp
rendered decision the pending suit Ia favor OF the
preferred ckhOlders. Pacific Mail only steady At
337sG2IIt The market Gnally closed irregular and
feyerlsh.