New-York tribune., 1878-12-24

the Chicago and Northwest stocks monopozed A..
700 shares, the two classes OF tho Sc.
Paul stocks 14,900 shares, Lake Shore
1O,100 shares, and Western Union 17.400
shares total of the stocks of the four companies
named, &C. 100 shares. Over the speculation In the
Northwest shares there seems to be an exhibition Of
no little feeling. This is not directed against any
person opposing the rise in its price, because there
seems to be no one actively opposing the advance.
but the anger exhibited is rather at the failure to
find buyers as the prices are advanced. To-day
Northwest common opened at 4Sl2 and, with an
appearance of some legitimate trading. its price
readily advanced to ass, but almost Immediately
declined to 4Sss. At this latter point the mar
ket was taken in hand, and the price was
advanced by easy stages 60 49ss, at which point
it was held until the close. The preferred stock
continues to act as sort of tender to the specula-
ton in the common stock, and to-day sold at 75i2s
1854 075os076ls076 The st. Paul common
opened at 34as and declined to "a, but realizing
sense of the inconsistency of decline in this stock,
in connection with the present price of Northwest
common stock, compelled the holders of Northwest
to come to the rescue of st. Paul. SO that later t
sold at 3503f7s. The st. Paul preferred sold at
73l40727s073ss. The cliques ip the Northwest
and st. Paul stocks fully realize that if they do not
succeed Ill selling their stocks during the next two
or three weeks, they will be compelled,
after the second week in January, to face extraor-
dlnary losses in the weekly earnings that will DO
reported by the st. Paul Company, and will be sus-
pected OF the Northwest Company. We say sus-
pected of the latter company, because it never
makes report of weeks or months that show losses.
In fact, the underground railroad" which usually
reports the earnings for weeks and even days OK
the North west Company when they show gam.
fn fha los fxun
The speculation in the Vanderbilt" shares drags
even worse than it dd before the declaration of the
dividends and the publication of the good state
ments. Lake Shore to-day sold at 89ss06940 69l2,
Michigan Central at 71sa9717s071lQ071s4, and
Central and Hudson $50 shares) at 1107s6111.
In Erie there seems to be organized a new move
ment, which, however, is based more upon the con-
dtion of the general market than upon any intrinsic
merit either present or prospective, In the stock.
The argument is that IL Northwest Is worth 49, Erie
is cheap at 25. 1t also is asserted that the German
and New York markets is heavily "short of the
stock in both markets. To-day Erie stock rose fro
1875 to 19l and closed strong at the latter ngure
The stocks of the Hannibal and st. Joseph Railroad
betray weakness, the preferred selling at 34933s s
IL ia whispered concerning this company that an
error amounting to several hundred thousand DOL
lars has been discovered in the statements which
heretofore have been gwen to the public: Ii VIII
be surprising if similar errors are not discovered
later on in the statements o. other cS;dp SS2mpa-
MES that were more recently pub bllshed. Chlcago
Burlington and Quincy sold at 1O7 0lO1Sb and
Chicago and Rock Island at 119a- The directors
RSt a3a vsn9 ~ OSa pef ee nd
dividend OF PfT fas fSTF a%a 70 South
old Chicago and Southwestern Rallroad and
voted to inform the Stock Exchange that after
January 1, 1875, the following will be stamped on
the back of the company's certificates OF stock:
shares of the capital stock of the Iowa Southern
aud Missouri Northern Railroad Company, equal IN
capital stock OF this company, held in trust by
the treasurer hereof for the benefit o. the persons
who shall from time TO time he stockholders herein:
and will continue to be so held during the lease OK
the Iowa Southern aud Missouri Northern Railroad
to this company, on the termination OF whch lease
said shares will revert TO tins company. lDe dlU-
dends when shall be paid as provided by SAID lease
upon said shares to the treasurer OF TINS company
will be distributed by him III pro rata proportion
to the owners of the capital stock OF TINS company
al the time, as their holdings shall appear upon lts
books. A transfer of this certificate VIII operate
to transfer the holders interest IN SAID shares, pus
no stakeholder has any separaDle interest therein,
or shall be entitled to any separate cerlncate
therefor"
the recent wonderfully dsveSped earpg bIpanc
which up to last May was costing the Chicago ana
Rock Island Company large sum each year III ex-
report has concluded not to build its new line into
Chicago, but to continue TO work over the Illinois
Central Railroad. This new arrangement makes
nies happy, but 1t does not help the speculation in
Wabash stock, which to-day was dull at u: Union
Pacific was steady at 66'sG6 l206 6oos, ana all the
lightweight fancIes were either steady Or neg
lected. -
OF the coal stocks, Central of New-Jersey mada
n further advance TO 34si, but ended at
34ls But the prospect of this company becoming
q link in trunk line removes 1t from the catalogue
of coal stocks, at least for the present Delaware.
Lsckawanna and Western opened and closed at 43.
having in the meantime sold at 424 and 43Ss.
Delaware and Hudson sold at 37SsG37, and Morris
and Essex al 75l4G753sS754- These stocks were
all dull and the tradng III them and their
were featureless Western Union was
active and rose from 927s, its opening figure,
against 926s at the close Saturday. TO 93a93os.
The stock apparently received the attention of the
party engaged in "bulhng' the Northwest common
stock.
The marked closed irregularly firm.
RANGE THB STOCK MARKET.
AsrspOTted BY the cold aud sock telegraph Company
Actual lSaIes---Closng Blds shares
Opg. Hignt. LOw't Final Bid. Asked sold
Alb. & sus.... 735 73H 737 1872 a