New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-24
OFFICIAL REPORT ~ T. MINING STOoK nv
CHANdE SALES. APRIL %. ISIS. Ne
THIRD BoARD-2:30 e. NJ.
nahlnwa1a naaIt..
TUESDAY, April a3-P. ,
SECOND BOARD--l

TUESDAY, April 23-P "
Last Friday THE TRIBUNE said: Indications ara
not wanting that the market is approaching az
least q temporary eliminating point" The fluctua.
tons OF the stock market since then may be com.
pared with an ebb-tide. where each succeeding wave
washes the sands at a lower level. This was par.
ticuarly true of to-days market, which, opening ON
tine crest of the wave declined, and then after fire.
Guent reactions closed at the lowest prices
of the day. The transactions reached the re-
spectacle figures of 21l.6O0 shares. with
Lake shore as the chief object of interest THIS
stock opened at 0G3s, declined 10 65i2, rallied 10
Gj7s, again declined to 6i3s, rallied 10 05ll then
tell 20 g. aud after another rally to O. ended at
G37s. The trading in Michigan Central did not ex-
coed 300 shares, but its price declined FROM II TO
70; later it was offered at 693i. Erie was
only moderately active between the figures Of 1914
and lsa 1l2 and Central and Hudson, with sales
of 200 shares, fell from 1923 TO 1862. Despite
unofficial talk about the business Of the
trunk lines, the records OF the movements
of produce and merchandise show that "
has been anything but encouraging since the
opening of inland navigation. lO-days TRIBUNE
showed that the receipts OF all gram ut New,York
for the week ended yesterday were 5S5,050 bush
els against 1,490,4O3 bushels for the preceding
week and 2,OI5, 422 bushels for the week before
version of trade to the lakes and canals, the inst
shipments by which will be due here ~ few days
1t is known that the canal and lake boat
men this season are making extraordinary
bound business, and that thus FAR they have
been remarkably successful. These facts rem
der ell calculations relative to the results OF the
business of the current six months to the railways
unusually uncertain, and are incentives 10 an active
but lluctuating stock mar ket. or the granger
stocks, st. Paul common to-day made the best exh-
btion of strength, but finally was compelled 10
yield per cent from ITS opening price. and TO close
at 1914. The preferred sold nj 1losG Il.sd73os
Northwest common early declined from 02's to 02
at the latter figure il showed some staying quail
ties" but later il fell to sol, the preferred dropping
from II to 72ll. All the otter Western stocks
were lower. Rock Island declining TO 1858 aud
Chicago and Alton to 1924 Chicago Burlington
and Quincy. without sales was offered az l0J; Hi
n0is Central fell to 1888 Hannibal and st. Joseph
common to 12l2 and preferred 10 p Ohio and Mis-
sSsippI to Oil and Wabash to liza l7l4.
4 correspondent. who rather eXcitedly asks MS 10
correct Our figures relative to Nabashcis informed
that those used official, which lac can verify on
Inc items of fixed charges for 1878 were
appended to the cOmpany's statement OF its
business of 1877, aud were, published IN
InE TRIBUNE of March %. They aggregated
the sum named, 81 340, 1903. But they did not in
cludc the yet unsettled equipment bonds, or tho
payments which may be forced 10y the yet unas11
to fund back coupons. 1t is true, and was SO pub
he'd in The TRIBUNE Of April 10, that the net
earnings for the first three months OF tins year
showed an increase over those of the same time IN
1877 of Sl27,513 But relative To the same ratio
of increase being maintained during the remainder
OF the year, the guess" OF one person Is as Nalua,
bic ms that of another provided II be remembered
that the first three months of 1877 were an eXcep-
uonally Improbable and expensive period for all
RAILWAYS We regret that our friend feels gTievcd at
nc publication Of facts; neycrhe ss what we stated
are officaD facts, but they need not prevent him
from having sanguine anticipdions OF the future
as he pleascs TO have.
The coal stocks to-day were not particularly
active but they sympathized with the tone OF tho
general market Delaware, Lackawanna and West
tm declining to 545s Delaware and Hudson TO 81 y,
and Morris and Essex to 7Sl2. Western Union also
was heavy. and fell 2 per cent to sO34GSO7s, aud
Pacific Mail after rising TO 81 3, declined to 2Ols0
2O3s The market closed weak and unsettled.
RANGE OF THE STOCK Market
49,. l.I..ir,u Ia ILL.,.