New-York tribune., 1878-10-11
THIRD CALI-2:30 P. NJ.
THURSDAY. Oct. lO-P. ~


The stock market to-day opened heavy, continued
and closed heavy. subject only to fluctuations
which scarcely amounted to reactions. Lake Shore
which may be accepted as the leading stock, be-
cause the transactions in il exceeded equarter OF
the total IN all stocks for the day-quickiy fell
from 90 to 6Sl2 rallied 20 6S7s, and then, by the
same process reached 676s and closed at GT's Erie
fell away to 12lo closing at 12's Michigan Cen
tTal to GSss closing at 69ll and Central and Hnd-
son declined TO sales at 1924 and offered at
1928.
The Western stocks Jared no better. Chicago
Burlington and Quincy dropped 81 per cent to lOS'
but rallied to 1O9l4, and Rock Island fell l per
cent to ia, and closed without recovery. With
the granger stocks there was some disposition
early in the day to resist the downward ten
dency and st. Paul rose as preferred 3d. Northwest
g. and the preferred q per cent but later St Paul
declined lis, preferred 1ls, Northwestern 1Ss, and
the preferred / per cent aud closed at about the
lowest prices excepting st. Paul preferred, which
rallied to 65ls. The earnings of the ST. Paul Com
pany for the first week Of October show continued
large loss, amounting to S10O,49S, as compared
with 1877; in fact. they only trie better lhah
the earnings of the poor season OF 1875 Our state
ment this week reports the earnings for l62l
miles this year against 402 miles in ST7 but Vt
is proper to state that while this mileage Is not
officially gwen we have received 1t nom so trust
worthy a source that we do not doubt cOrroctnt
Wabash to-day was we'll supported, oil the sales
being at 1S12G 1884, IL has been reported that the
suits against this company were about 20 be dlscon-
tnued: but the only ground for the report seems to
be the fact that the Barton suit brought In this
city at the October term of the United states
Court will be dismissed, the complainant having
Joined in the suits pending in Missouri and Indiana
OF course the Western suits would also come 10 an
end if the company should pay the full amount and
interest of the bonds which included IN those
suits. But tnis it cannot do without borrowing
money, and 60 do that would be SIMPLY securing
new holders of the claims. Kansas Pacific opened
at against 9s at the close of yesterday, and then
declined to / at the same time the lower classes
of the coInpany's bonds weakened without sales.
OF the coal stocks there is little 10 be sad, save
that they tell slowly aud closed at an insignificant
fractional recovery. Western Union was unusually
active with resulting decline Of 2s per cent III IT'S
price closing at 81 L. or i per cent higher than the
lowest
Private dispatches from Cincinnati state that at
the eecOn for three dTeCtOs Ol the ONO ana Alssls
sppl railroad to-day, the Baltimore and ONO party
was entirely successful, the NeW-iork party sur
rendering and voting tor the Garret uckel-McssIs
Beecher McCHntOck and Cutting. lt Is reported
that The negotiation, however, HcudeS an agree
meut that the new reorganization committee snail
consist OF NewIork directors.
The market closed weak al the partial recovery.
RANCE OF THE STOCK siApKEL