New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-16

~ tine Indiana suit but generally IL IS assumes No., -
ike the proceedings in illinois and Ne"-i" 1r.
-il he transferred tn the United oIa'eS NO
nv Northwestern stocks to-day at hist "eIo
hoavv and lower but later they rallied anu oio'c
- tuIl 6eufes. st. Paul common Declined IRON 81
=" rola and then rallied to 514951ls. Inc pre-
ferred sold at 757s0752IS764 Northwest oPcH'u
Of 5O3s05Ol2, declined to 5Ols, ana theh rose -
61lsa51. tue preferred selling at II sou -"
717a. The other Western stocks were alnoS' y.
elected. but Rock Island, after selling at lOo' TVS
IN 1O7 and then fell to 106Sia 100 g, oiiio o.
Mississippi sold at 67s090S's@S g; IiiinOl' ~
trail at 76l4 Hannibal and st. Joseph MI
12at012Os and preferred at 29h9Z9 "nI 90
Burlington and Quincy at lOZi4@IV tho ,o+o
tn 80 sLoros were made feature IN the late
III, ara their prices were advanced to the Dest
- a.. hit Il was noticeable that the Only
u Wv - nersons reported to be already uncom-
II.' q LONG of the stocks There was no scare
'' .fo mart of the "shorts" Gf any exist and
tba narties 10 the movement tonight can l9ule up
their profits ION paperl from the days advance
delaware. Lackawanna and Western rose to o04
and ended at 55 Delaware and Hudson, after q de-
cline from 80 10 54lQ, rose to 55l5Q55 Morris ana
Essex. guaranteed by Delaware, Lackawanna and
Western, rose to S0l4GS0, and Central of New
Jersey got up to 1854. The parties to the several
movements in the coal stocks may congratulate
themselves upon being able to make prices just what
tbav nlease to make them. II is a long time since
an inward movement has encountered any resist
once. and it is only when attempts to realize are
made that competitive sellers are met. This state OF
otTairs thus far has prevented the liquidation OF a
ejaculation now over six months old.
The early publication in TUE TRIBUNE of the sub
az scbeme for Pacific Mail which it was intended
% srrng npon the United States Senate, and the
arring that it was not expected to amount to any
,hi,g Int talk and speculation on the New-lork
c.ooI Exchange" have seriously inerfered with
tho liens of operators who had expected to force
ta nrice Of the stock up to "a or %. But 1t may
go hesn the means of teaching certain Congress
man that early information respecting Wall Street
.naculations is very dangerous thing to possess
The stock to-day fell from 209s TO 1872 rallied to 20
and closed at 1874 bid, and 1873 asked. 1t seems
that even the movement for reformed directory
which was mentioned in tO-day's TRIBUNE Is not
sufficient to mpart confidence to ordinarily con-
fding public. 1t Is even intimated that there Is
nothing of Pacific Mail left to reform except It's Gl-
rection. and that that has been reformed so much
that another effort Will exhaust even the value OF
The old water ship lying in Panama Bay.
Western Union to-day was very dull with, sales
from 81 at the opening up to 81as at the close. As
vet stock spectators are attaching no Importance
to the new opposition promised by the Continental
Company for the LIST of June. nor in the Produce
Exchange talk of an independent line between New
York and Chicago, either of which Will make
serious nroads upon the income of the present mo-
nOpOly.
The general market closed almost bUOyant
THE STOCK