New-York tribune., 1878-03-16
FRIDAY, March 15-P. NJ.

The stock market during the week ending to-day
has responded to the actions of new bull cOmbl
nations. both in the amount Of business done, and
in general advance in prices. Transactions aegre-
eating S16617 shares for the week more helpful
to the "strictly commission broker" than were the
meagre transactions of less than 3OOO 900 shares per
week only short time ago. Hence this class OF per-
sons at least has been benefited by the men who have
come forward to save the stock market
from tho utter stagnation with which 1t
was threatened. As to the advance in prices. the
extreme was 3ls in Miebigan Central, from which
final sales show decline o. per cent. Lake Shore
sold up per cent but at the close was only 1i2 per
cent higher than on last Friday. Central and Hudson
gained and lost "a per cent. Erie gained 1ls
and lost % per cent. Harlem gained pa per cent
and held it. Fort Wayne 1si and fell back a.
and Pitsburg after decline recovered, and closed
per cent higher than on last Friday.
OF the Western list the Northwest stocks have
been the favOritcs. The common stock. after adj
vancing per cent loses only % per cent in final
sales, and the preferred closes down u per cent
from an extreme advance of 27s per cent On the
other hand, St.Paul common after having advanced
s. per cent closes 3s per cent lower than it was one
week ago. and tho preferred, in na sales loses its
advance of 6s and closes at the same figures as on
last Fri dav. With the exception of c.. {. L. and L.
Chicago and Alton. Wabash and Hannibal and st.
Joseph common, the remainder of the railroad list
after frequent fluctuations. shows gain for the
week Of from 81 to 2l2 per cent.
So much has been accomplished by the new COM
binations. Stocks have been bought, aad prices are
higher And there seems to be no lack of confidence
the part Of the recent buyers. that apprecia-
tive public will still further advance prices and pay
them handsome profit upon their ventures.
The coal stocks have been fluctuating, and except
Central of New-Jersey show fin al gain of from %
to 17s per cent, although the last figures were 3a0
IA below the best of the week.
Western Union has been unusually active and adj
vanced from 1885 to SO3s. 1t at about the latter
price when the usual quarterly statement was issued
THIS statement was not deemed favorable, and the
price of the stock receded to 7S7sO79ls in final
sales. Atlant ic and Pacific Telegraph on light
business has declined from 21l2 to 1913 This
company has been virtually merged. into the
Western Union, by the latter cOmpany's own
ing a majority of it's stock, and has lost its
business by the closing Of majority Of its Offices.
Hence it Is now understood that If the courts de-
clare its contract with the Western Union void. its
last condition Will he worse than its fTst But II
the st ock of the Atlantic and Pacific Is rendered
worthless by an annument of the contract with the
Western Union Company, the interesting question
arises, How often can the Western Union Company
afford to pay = 500 600 10 rid itself of a competitor.
OF the express stocks Adams is Il higher than on
last Friday, American 7s and Weils-Fargo 13s but
United states Is per cent lower.
WEEKLY RANGE OF PRICES,