New-York tribune., 1877-03-08

40. x,ror,e depression of the past weeks, and OF
rrcsponding gloom TO those who had followed the mar
bet greater short sales at the low prices than NJ
,he higher In n word, the movement against the
horts :" which was commenced yesterday, was pushed
.,,s morning after q slight hesitation, with vigor
,,,s-a very general running to higher prices
and market at the close less responsive
q, the hand Of manipulation than for several days past
7, "a possbe that the advantage gained In the last two
aav may I've pushed still further but THE TRIBUNE fails
=, see in the movement anything beyond one of those
,u,itions which constantly occur after decline when
s.. drawn an the floating spectators TO side Out
dcrs do not yet anything in the situation to induce
,,ep, 70 become buyers Matters between the trunk lines
=, RAILWAYS are unsettled they ever were, and 30 must
ora,n IN spite Of meetings and compacts, until the
grows 20 the capacity Of the roads The winters
,rsiness has been lost, and the day for reopening
,,nd gation close at hand. The application for
ceiyer Of the Delaware and Hudson Company has been
sod hut that does not change the fact that coal is
t,, sold at less according 70 the best authority In
.yor and that both OF the Delawares are borrowers
Of money.
The first strong opening Of the market did not hold
ht onieSly yielded average Of L per cent followed
h dul and quiet tone but subsequently as prices adj
,.auced above the opening figures the momentum was
scdy increased by tie competitive bids from bears"
Tho c,e however, marked by less excitement ana
fevrtsb tone ut the reaction The prices OF the prin
oi,sI stocks ranged follows: Central and Hudson
o5,a95 aaGlo c95A; Lake Shore, 50i205005l'5
0j0la; Michigan Genital 43Aa $3.50 A40i3l;
delaware Lsckawanna md Western, e5 IS ass "0 667s@
esS: and Delaware and Hudson, 51l2G j2l205l4@
52lia52l a52lla52 The foregoing named stocks with
Western Union mohop0zed 900 out of the total
business for the day of 800 shares But the activity
in western Union te contrary direction OpcnnS
AT Gja. 1t quickly declined to 6i1s and then through
syn,pathy rallied TO G5l2, but closed at GAS. Tho
pransers did not TO any extent respond to
The general market. Rock Island sold AT
1Ols lO2 O l01l2a1olS; Northwestern at "3ia
&33a33ls; Preferred at 5A053753ii, and ST. Paul
preferred at 475d47al7ai04714 Chicago, Burlington
and Quincy after borg active at 1912 on coVerr2 OF
shorts fell off TO IO3a a1O375 Considerable OF TINS
investors some shares having been sold on To-Day
rally People beginning to ASK, wlal - s lle
I1attcr with Pacific Mail. and much disappo;nt
ueuf is EXPRESSED at the decline OF 8 or q
prr cent. since the "DOnt" was wei clrclua!tn
WAS going mn" to-day IL sold 227sG2l l2b22 '2SZ2i
Tie dealings in the remainder OF the Lst were lhsiS
niclut ana without feature. =,
Ihc sales ut the Open Board today were as fol
lows At 9:i5 q. n.-3CO Erie, 75s; 200 Central ana
IIuI,on gj5 100 81 Paul preferred. AZ =: 400 Dcla
ware. IackaWauna and Western, G5l2; 100 western
Iu,op 65li: and 200 Pacific Mail, 22s At 123O r. m
goo Lake Shore. 81 500 Delaware. lackawann& aud
Western, 66li 100 Pacific Mail. 22l2 Al 800 p m
guO Cent al ana Hudson, 95S 100 Eric 1a 300 Lake
Shore 5Ol2 100 Rock Island, lO1l 100 NorhN cstel
33l. ICO ~. Paul preferred, 47's 200 Ono anu Mls
sis ppi 6 100 Delaware ana Hudson. 52l2 zoo Dela
wgrc IaCkawanna ana Western, G5Ss zoo Western
Uu.ou, G43l ana 100 Pacific Mail 2-dS.
RANGE OF TliE MARKET AT THE STOCK EXCHANGE: