New-York tribune., 1878-04-16
OFFICIAL REPORT N. L. MINING STOCK
CHAKGE SALES, APRIL 10, 1878.
SECOND BoARD-I O'CLOCK p. NJ.
THIRD BoARD-2:30 p. NJ.
MONDAY. Aprll 15-P. N.

This was a gala day for the bulls on the Stock
Exchange. The opening prices were sufficiently
brilliant to have justified expectation OF an early
reaction. but none occurred until further sharp
advance had been made. and then the decline was
not sufficient to reach the average of opening prices
After this reaction there was another upward move
ment resulting in the last prices generally beng
the best of the day. The granger stocks continue
to be the centre of speculation, although the trans
actions in Lake Shore are first IN amount
of business DONE and at prices ranging from
677s to 691i060. Northwest opened at % and sold
mn TO 547s and then, after frequent fluctuations
ended at 5412. The preferred stock was active be-
tween 7484 and 1873 the opening and closing prices
resneetiyely. ST, Paul common was only 5000
shares behind Northwest common in the amount Of
transactions and rose from 4Sl to 80, and the pre-
ferred stock on moderate business, rose to 74l2,
settling TO 74ls at the close OF the Southwestern
(corn) roads Rock Island stock was dealt III to the
extent of 10000 shares at from lO4 to lOol20
lO5ls; Chicago, Burlington and Quincy opened up
Id per cent at 1O4 and was lightly traded in mp to
IO4l Illinois Central sold at 1854 976l4, and Chi
cago and Alton advanced from 1919 bid on Saturday
night, to quotation of 7424a 75l2, without sales.
Central and Hudson was strong, rising from lO7
to 1O8lsG los Erie advanced to 11$ and Michigan
Central. after selling from 714072ls, ended at
and closed at 2Ols Union Pacific with an unusual
amount of business, rose from 677s to 70l2. The
Hannibal and st. Joseph stocks were higher.
the preferred being conspicuous with rise
from 2734 to 80 while the common sold at l3.
&C. c. and l. was also strong at 29l2a3l4. OF the
&C tive stocks, Ohio and Mississippi almost alone
proved to be backward IN coming forward" The
stock opened up ss per cent at Ills, and sold at
114a 1O2i011. The committee on the reconstruc-
ton of this property has finally made its report and
its recommendations and they fully justify the re-
marks of The TRIBUNE last Saturday. The first
object of the scheme presented seems TO be TO
secure the full payment of the floating debt while
the holders of the second mortgage and Springfield
bonds wait for tine payment of their coupons.
synopsis of their report will be found below.
The coal stocks to-day showed that they yet re-
tanned some vitality in spite of the condition OF the
trade. 1t is urged that the capacity to borrow
money proves that the end Is not yet. Hence Dela-
ware Lackawanna and Western, with sales
of $4,000 shares, rose to 0112001Ss, ana
Delaware aud Hudson to 56l2G 56Ss. Nor
ns and Essex, which receives the benefit OF
Delaware, Lackawanna and Westerns borrowed
money with more reason, was active at an advanced
from 7Sl2 to S0li. Central of New-Jersey sold at
1861 to l73L Western Union was dealt III TO
large extent at an advance from S2Sl to S4lsGo4,
and Pacific Mail, with complement OF " bears, on
board made an experimental trip, uslng from 1874
to 1l2021ls
The total transactions in stocks reached the hand
some figures of 2S2, 800 shares, and the market
closed strong.
RANGE OF THE STOCK Market