New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-30
SECOND CALL O'CLOCK .. w.
THIRD CALT-2:3O p. VI.
FRIDAY, Nov. 20-P. "

FRIDAY, Nov. or VI
The week ending to-day was broken by the
National holiday, but in that respect il did not
differ from the corresponding week in previous
years, 81 that comparison is not disturbed by the
fact. At this season it il usual for bust
ness in general merchandise TO be dull.
The past week has proved 10 exception
to the rule. but few Thanksgiving weeks il past
years have been ducr than the last. In the great
staples of provisions and grain there was no ma
tcrIl change from the low prices Of week
ago. Receipts AZ the scaboarh have cy-
ccedcd the demand for export and consumption.
and except for the speculation in futures the
prices tor these products would almost have been
nominal.
At the stock Exchange speculation has been
directed mainly 70 the support aud advance of the
prices # the shares Of the Northwc~tcrpe tie It.
Paul, and Lake shore, the DEALINGS IN which have
amounted to lg7, 600 shares. with the hnal result
of an advance Tor Lake shore of T.. Northwcs pre-
frrrcd p, Northwest common IS -. Paul COM
mon >. aud -. Paul preferred ~ pen cent. The
speculation i'm Northwest cou.uou stock Is probably
the most reckless that Wall street has witnessed
for tong time. It's extent may be measured by
the fact that Mr. Ten Have, of Amst 'rdam,
one OF the directors, has found II necessary
to pubil-h IN an Amsterdam journal defence OF
his firm IN regard 10 The ncgutIItoH 81 the "ortA-
western Union Railroad bonds. The Northwestern
Union Railroad D. one of Oh" Chicago aud NORTH
west Companv's so-ralIcd proprietary roads. II
wa, projected IN le72, to be- 10 miles IN ion1.h,
and "a mortgage ~ anticipation Of ITS con
,tructinU ~ Tie rate of S2J,NOo milo
Was recorded the bond. under this mortgage were
ISSUED and negotiated ia Holland, to the amount ot
81 500 900. But only G2'- miles - the road wrrn
ever buil -o that the hpn's. instead ot
ben. secured by one milo oi road Tor
each TZ5.UOO. are only secured bv one
mil, of road for each $1,000 of bonds.
Nh Ten Have SAYS hc las callr. Tie attention vt
fh,. board 10 the matter repeatedly and promises
tLc Dutch iaudholGcr, that the security Will be-
filled according 10 the " Mortgage art' II Is clear
that until this security - "HlIcd,' the Chicago ana
Northwestern Railroad Company, which rccrive'.
tie proceeds of the $500 900 bonds has NJ moral
riphi 20 declare or pay dividends upon either rs
preferred Or common stU'r.
Tho coal shares duuug the week have suffered q
Irgv. decline lu dealings, amounting To -"t.OoO
share, IN U.IlVarc IackawIuua u"d Western, Del
nl Nrn-J,s,,y. lhls was due o. q growing ir-
,r, ,u fntt tl,I, D., lIttr pros ,.f for renewal
of tnc coal combination for i~t'. tui probably 10
only auurlurfcs q d"cIU" which would com,
when the companies annual reports Were I1I''
showing the result, of the c"mailul"r o' lN'o.
Nothing more, is heard of dividend on any oi tue
stocks for this year. although three months
ago such events N'r" confidently li'u''I,H'
backed by offers of heavy N"eriS. Inc
rt.tl,-trtiou. an the stocks already named
Ia.iur amounted ~ $50 600 ont of the rota' OF
--bIlG Tor all stocks. leave Tor iho I'muu",I
of iur N.f only 81 900 shares when shows no"
dull wa the general market Bat decllnc I Is
r.r, cent ia Western Union on sales 81 'JoUO shares
Is worthy of notice a- also axe '' Gle. li'' 81 P'l
cent lor Hannibal and -. Joseph common, ! per
cent for lie preferred. l5s for Wabash ANA = per
,,uJ Ior Nj, nIgan Central The latter Is oniy NO
urcablr because OF ia" advance "a Lake shore.