New-York tribune., 1877-05-15

,;ob oflate every previous movement OF the KIND
r.aLod 10 encounter. Prices will only advance so
,,s 20 the sef-proclaimed "buls are the buyers,
ii "a ,be retroeressIon never fails TO commence lnme-
,.ly after they have ceased. Even the talk about
~ ,rnpk lines pooling their earnings now has no
a., npoD outsiders and upen but few of the pro-
ci'n1s bocouse il is asked Win the pooling
ir,,s-evcn If il is not contrary to the statutes
f,bc state of New-Yorll-naFo the earnings any
-..otor' And again, It is asked, Where is the re-
e.i.er Of the Erie Railroad. who is an officer OF tho
'nr 10 obtain his authority 10 make such
:. orraryrmenti Win any court authorize lis
~sscor m DO an act specially forbidden hy the law
,,d lastly the public understand better than do
-, ,pcculators the meaning and intent OF the re-
s, r.5,ction Of the tolls on the canals, and also
,o ppos,ibility Of railroads, any more than other
,,-,iv in these times. earning money upon the
~ of 1872. Hence the old customers of the
- will not become buyers Of stocks bat, on the
.-.r. m, gradually unloading what they have
n s,qsrnodic rise. All will remember the old
-. of August 1873. There are no stocks in the
,...ot r and how the following September proved
~ bonks to be loaded down with them. We TRUST
.,,b may not prove to be the case again. Ihe
s..rtet for stocks to-day opened of from Satur-
sos closing and for the general railroad list some
ssc,,1ed "a decline Of from / TO ll2 per cent from
h;ch there was no material recovery excepting for
,,.t;c,, Central. which was favOrably effected by
A. sc,rcitv of stock pending the closing of the
,.,rsfer books tomorrow for thc annual election.
M; storl. which opened down to Il >. rose TO 1G,
ard thcp Auctuated between 45ltG45"i. closing at
AL II is not unlikely hat the paIiie. paying 4
nor cent for trausiers,.SO TO have the proxies TO
t.u NAV. after the books closed find there Is no
demand for the latter. Central and Hudson, and
Like shore. aftcr selling down to 92's0 52's re-
ar,iI, were several times rallied to SO and 53ls
bnt only to dropaway again as soonas the sustaining
t,r,. was Withdrawn hut inst q minute Of o'clock
$ final rash was made which marked Central and
Trraso. q2i, and AXE Shore 527s Tho ST. iaulS
-. .ts9,!, and dali at "a decline of about . per
conf but North-Ncstcrl preferred declined iiom
1Gi'to I5I.atl5s. Rock Island fell 10 Y2's, and
ii,,d 10 M t-Q gSl1. Illinois Central sold at '''2@
~. and Chicago and Alton as oGdS5l2. or the
coaistock-. Delaware. iackawanua ana Western was
the best held O. the cud aIlc" s'Iug from - 10
Lsls it ralitd 90 le u!d closed al t"'S Mhii' JUS
i....d r DER cent stock, the Morris and Essex,
o,,ped M 5gl2 and closed at JNA. Delaware ana
Hudson at iii-t was b0ugGt and sofa 90 from $40
gGS. and Ii VAS not till after o'clock thdt II
ocrollv cot below 80. when 81 went TO -. losing
wilma IaIy to ssh. II Is expected that ~ ihr
siinurucu meeting of the coal companies some
ulll VIII bc promulgated winch viii ttAYoitli iN
,nr,,.c ta, uIces Of the stocks, and on thio idea
considerable quantities to-day were purchased.
prrlaps thcf. may be; but what Is Waht" !" I'M
rrove the real value Is % sufficient consumption "i
coal To- take i In large quantities 90 not Tess ti%h
- pcr tom OF tie probabilities of tins, the pubic
sr MS GOOD Judges a. coal directors or sp"culatCT'
We.ter,, Mon to-day was she reverse o. saturday
and heavy -rllug from 90 to G3ai and closing with
araly toOlil o., ,
me Sale, at the last call-3:15 p. MOI the Open
BOARD were 800 Central and Hudson, 9jIS; 500
Lake Shore. 527,: 200 Erie 634GG7s; 100 Rock
Island. g5: 100 Delaware, LachaWanud ana W tsj-
EN-. 455s; 100 Western Union 6il and 9SO'OUo
gold at lOiG lO6I5IG.
K.sGI on ruE M>n,Er At THE STOCK EXCHANGE
,,tug. -rl-n.=-- Clns'us shares