New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-07

business before the common is entitled to
anything. Hence, if the common stock is worth IL.
the preferred stock is worth as much as any guar
anteed per cent stock.
The other trunk line stocks strong bat less
active OF Lake Shore only 5000 shares
corded being sold yet It's price advanced to 9jls
against 94s- on SATURDAY.. Michigan Central, with
transactions amounting only 1900 shares. rose
from ss5s 10 s9Ss S9is: Canada Southern, trans
actions OF LOO shares from 69li TO 20 and c. C..
C. and from % to 59i2 j9as- The granger stocks
continued strong; Chicago. IT. Paul and Minneapo-
Is ris ng from 459i to 47h347, Chicago. Mwau-
kee and -. Paul from 7ll4 to T2laG 12Ss, and
Northwest from Sis 20 Si3iGS4li. Northwest pre-
ferred stock was dull at lO1hQl0lie. It.
Paul preferred rising FROM % to 0si1G9elc.
The stocks OF the railroads comprising the " abash
combination were particularly active and strong.
Wabash rose from 43sI 10 4Od - :, -. LOUIS,
Kansas City and Northern from 2I2s to $3.50 2d1a
and preferred stock from go TO 63lgaG3A and
Kansas Pacific from 7Ois 20 -. The other South
western stocks were equally strong Hannibal and
St Joseph advancing ? per cent TO 27'ii and pre-
ferred stock per cent to j7ls Missouri. Kansas
and Texas rlnng from 2Ols 10 21laE212s 81.
Louis and Iron Mountain from 43la 10 1858, 81.
Louis and san Francisco common from Sd TO ~.
preferred from u l. 20 - DDS. and frs preferred
stock from 46 10 49afsl2 Union Pacific sold mp
20 s7leG sis The other low-prced fancies" were
as strong as those that have been enumerated and IN
final Transactions showed handsome gains on the
last previous quotations
The coal stocks were strong. but did not exhibit
that exubersnce seen in the general market. The
combination s said 70 hang fire, and a trustworthy
informant asserts that Mr.. Packer. Of the Lchgn
Valley Company. gave positive refusal to sign the
proposed stipulation as long ago as last Friday
Except FOR tie fact that this important news was
suppressed for three days. should be tempted to
say that the question Of combination or no combl-
nation was an important factor as affect
ing the present prices of coal stocks. Del
aware. Iackawauua and Western opened at
72Io declined TO Il, bat later rose to 12l2a
722 Delaware and Hudson sold al 80 l. q gu
G3lo against G2j- SATURDAY, Ceutra! OF New
Jersey az 62Sl GG1 4 963os d6Z's, and Morn.
aud Essex at 9fl2. The business done IA
these stocks was small AS c0mpared with
that OF the days immediately preceding. West
cn Union was not active. hut - price was
advanced - per cent o. -. Pacific Maj continued
active; opening up l. per cent ~ -, tel 10 81 -
AMI later advanced 10 ~ =. ROse-coored reports
are I'D 1hour tha affairs OF fhis COMPANY. An
Investigation shows thai since April !. l~I lis III
cohtcGness 20 he Panama Railroad Company has
been reduced ~2S30O IS follows:
Indebtedness pill s2025ooo
Indebtedness OCT l.7o-.0o0
Reduction. ..-...-.... seoa.OO0
II addition 20 this. the debt of the company to
thc city has been rriuC -d abouf rHO,u'O. making
az apnaref decrease of the compaLYs liabilities Of
S-}53 900. Bur the other hand It l. asserted by
persons who ought u know the facts. that to make
these reductions over-fiTafts have been made ca
foreign ageuf- and current bills have been permitted
70 he over. As remarked yesterday. the com
pauy paid TO the Panama Cou pany 100000 which
wac not due under IT, coniTac-, while u left Unpaid
TO the city about S4J,cuo which was past due and
drawing interest ~ he rate o. pr cent month
The market al he close was buoyant and excIfed.
sANGE ~ rm STOCK N,RKu