New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-26

orally quiet London dispatches Of the 10th inst an
nouuced that the Erie Railroad trustees having oh
tanned The OF majority Of the first consolidated
mortgage b0ndhodcrs, the reconstruction scheme was
therefore safe" No doubted hut thar the bond
hodcrs OF this unfortunate railway wou assent TO IA,
stockholders giving them additional seN3Iiy by TIE
putting up Of capital. but fail TO understand
how that renders The " scheme safe II is 20
easily demons rated that the Err Railway scarcely
retdrn interest SGOo0OOO0, after some 10000,
600 OF fresh capital mas been paid into It 20 harrow
gauge GCuocacS. and fully equip IT., tat surprs
Ing the proposed scheme for sowing lhe wind oaiy
again reap the whu!vHd receives any attention from
citacr bJni stockholders.
TIE stock market during the week has been active, bat
at lower figures Al hast natural CAUSES sgaln have
asserted ie.r power and frustrated the designs OF TINT
class o. spectators whose calculations OF a rising fall
iug have been solely based their lecture
OF the position held by the majority Of operators III
other words who pfided themselves upon being
"mauipuiaiOs" OF the stock market (Which SIMPLY
means TIE doing Of exactly the opposite thing
OF that Which Is talked have been compelled,
after an eight months siege, TO surrender % the
ending rivuet of investors sales and pay more
attention 10 the ba!aucc hank at r. :han to the
"Vdc awake" brokers who always wasted lie order
TO make tbem close std." As tH with Con-
trI Of New-JeIsey, ali the way down Iam I0s TO 20,
SPECIAL reasons invented To explain the decline
" Bear raids -" contest Dir. VaEderDilts will -
a
illogical causes are assigned for fact winch
has been foresb adowcd IN this column for over
a year The sOchs showing the greatest decline
!Or Tie week Jrc Western jn.un. which has fallen Cs
Central and Hudson. 4l5; Delaware. L1ckawanua and
Western, ana Delaware and Hudson, each Lake Shore
and N.tI-aH Central, cdcn 3's. and Hannibal ana -
joseph preferred 3le The notable exceptions 10 the
general Rock Island and the NortfNcs terns,
which advanced in tn" face Of declining markct Rock
Island sold 10 c-I 1904 a994JJs; NoribN gseTu a.
3 2jisi .$-. 81 and Tie preferred. az - ga Is
NE cygrn.s1 movements ot these thrce stocks ~
course Ffcd attention. and caused some EnayOrabie
comment because IL supposed 60 proceed nom d.
pCratI0n rather than ,aggcUJ. The rcpm;s uf D,L-
ware. Lack wanna and Western, ana Delaware and
He'd son. which issued during The week,
proved much less satisfactory Than mad been promised
that ol tus Ht;cr being ey.I worse tndn lIE tribune
had inspected. Eut IN anticipation Of Inc promised
coo1, Delaware and Hudson advanced from - 10 - ~
and Delaware Lacawanua ana western from 65i2 10 o.
later failing TO i6lz and CO.'S ana CLOSING on j,e cover
INK * shorts at d- and 81 p e. sncruNcy. W. learn
t.a5 iAc sUIr AGAINST the delaware AID hudson toA-
uauy watch came FEB Styh @n abrupt nj one week 7,r'
!, NOT aBauLJrrd but VIII hr renewed and VIII give ne
managers tp U -ir" "uUport uI,y for disnTOEu- al the
CATIONS uH iunUcndOc- Of ts en- 'u!.9. Inc il We
NESTS OF tlc remainder OF the lis, require bur Little
comment; they hU the natural following III cii'cJ
a-rer cause c.-"Je' and m9mrnt1Iy Acld 10y specu-
latOI when draws life breath trom an easy money
uialAst I'll. following table shows tAe