New-York tribune., 1878-04-17
OFrTCIAL REPORT N. y. MINING STOCK EA-
CHANGE SALES. APKIL l6, ISIS
Nd BoARp--l O'CLOCK P. NJ.
THIRD BoARD-2:30 ?. NJ.
TUESDAY, April l6-P. ".


A large business was done in stocks to-day. but
the movement of prices less regular than it was
yesterday. The market opened excited and higher
for the general list of stocks but later it was re-
marked that one stock was apparently weak while
another was advancing its price. If we consider
the rapdity of the late rise in certain stocks while
in Others there has been scarcely any change this d
Yersty of movements is seen to be OF no peculiar sig
nifcance Yet the market to-day has exhibited signs
of hesitation which possibly may induce reflection
as to how long prices can continue to advance at the
rate of l or per cent a day without experiencing
serious reaction Furthermore Is is not improbable
that of the large operators during the last few
days have been able to realize" to such an extent
as to be wiling to help healthy reaction"
The dealings to-day were better distributed over
the general list than usual, with the "SOuthwest-
ern " roads conspicuous for the greatest advance.
Rock Island rose to 1O6ls01O5l2; Chicago and
Alton to 7512075; Illinois Central TO 7Gl2G 764f,
and Chicago, Burlington and Quincy to 1O412 The
Hannibal and st. Joseph stocks had strong tone IN
the ea,1y trading, which, however, was not main
tained at the close. Wabash opened firm, but after
ward weakened and Ohio and NississippI, after rs
ing to lis fell to 1O5s. Union Pacific unusually
prominent, and rose to 72l2, but later declined to
71l2 the opening price. st. Paul common opened
and closed strong, having in the meantime made
dip of rs per cent The preferred was less active
at 74l2 73os074 Northwest common showed the
effect of some "realiZing' sales in decline from
b434d5J to 535s0533i, while the preferred, after
selling at 76, declined to 7i&4c.
The features of the trading in the trunk line shares
were the large business done IN Erie at from II g to
12 sl u p and the sharp advance to lO9ls for Zen
tTal and Hudson although its last puce was 1Osos.
Lake Shore and Michigan Central attracted less at
teGt0n, and were not strong. Lake Shore opened
at 90 and fell TO 6Sl at which it was selling al i've
minutes before the close, but il suddenly moved
up to G55s Michigan Central fell from " 10 ia
T114. The less is said about reasons for an advance
in the prices of these stocks, beyond the fact that II
Is for the interest of certain spectators that they
shall advance the less there Will be to TetTaCt later
The Michigan Central Company makes No report Of
its earnings for the first week in April for the OBJ
viOus reason that the comparison with the same
week in 1877 is unfayoable. And when the AichI-
gan Central runs behind so does the Lake Shore,
which never makes weekly returns.
The coal stocks made a fractional advance early
in the day, but later were tcycrlSh and weak Dea-
ware Lackawauna and Western sold at Js UJ1lg
57l4; Delaware and Hudson at 57l4 56l20,5Gal,
and Morris and Essex at SO$4019os; Central OF
New-Jer5ey was steady at lF'S0ls. telegram
from Philadelphia announces that nj the meeting OF
the board of control there to-day the output ior The
month of May was fixed az 10000 tons. his
will make the quota for the first five months OF the
wear only 5,45O000 tons. This restricted pToduc-
tiOn may result in an advance lu the
price OF COAL bat il VIII not enable the
Reading, Delaware, LackaWanna aud Western and
charges. Western Union to-day showed signs Of
falling rom the opening price OF o4ll down 10 e2i
al the close and Atlantic and Pacific Telegraph sod
al 2Ul2G2O. On Pacific Mail the good points
30 buy 10 were plentiful enough to have simulated
rise but instead its price sank from Zlas 10 2O's
on moderate transactions. The general market
closed w!th finnish appearance.
RANGE OF TIE STOCK MARKET