New-York tribune., 1879-11-27
y. i. luy1yG sT0oE EXCHANGE SHES
THIRD cALL-2:sO p. N.
WEDNESDAY. Nov. 26-P. NJ.

The event which to-day the a-absorbng
topic Of discussion in financial circles the con-
summation Of the negotiations (which THF TRIBUNE
Of November "a announced were IN progressl be-
tween Mr. VIM. II. Vanderbilt and syndicate of
foreign and American bankers. The details of this
gigantic Stock operation are printed elsewhere. SO
here ~ j. only necessary 20 say that Mr.. Nanderbnt
sells absolutely. 10000 shares of the Central ana
Hudson River Railroad stock at 100, and that the
syndiclte holds the option 20 increase the quantity
10 $50. OOO shares. BevOld doubt the transaction.
involving $50 100000. is the largest stock opera
ton ever made. But of the effect upon own
stock ma rzet il perhaps is too early 10 speak If
the stock is TO be marketed IN Europe. II Will make
SO much additional exchange, and tor the time
being will he an imitation OF loanable funds here.
The admission into the directory of the Central and
Hudson Company of two directors from the Wabash
system seems 70 indicate the contemplation Of
close alliance between the two svstems. which,
while beneficial 70 each very likely viii Invite the
nntagoni. IN of other lines Of railroad.
The first effect upon the stock market was favor
able. ami. sngulary enough the stocks of the Erie
Railroad 20 bear" which, it was said. was the
only object of the "bogus Negotiations were
higher and in demand on the completion of the saie
instead of being adversely affected The business
continues large the transactions to-day amounting
to 4s9 81. against 459.45O yesterday. OF to-day
total Erie contributed 12l.376 against 1J1 0OOyes-
terday and although its price was tuctuatng I
closed al the highest figure of the day. The stocks
which show the greatest gains are Central and Hud-
son and the two classes OF Wabash, St Louis and
Pacific The dealings in Central and Hudson were
unusually animated. the transactions amounting TO
6OOO shares up to high rs 135. There were
II 900 shares of Wabash ST. LOUIS and Pacific and
1870 of the preferred stock sold, each showing
final advance of AZ per cent and closing az the best
figures The market, however, was not without Its
periods of feverishness, and at times the nuctua-
tions amounted to as much or more than per cent
But the close was made with a confident ana buoy
ant feeling The final changes from the last hgures
OF yesterday are as follows;
Advances-C., c. and /. c., st. Paul preferred.
and Norris and Essex, each Il; Northwest pre-
ferred American District Telegraph. American Tx
press United States Express. and Canton each l. /;
St. Louis and san Francisco preferred and lron
Mountain each 81; Chicago. Burlington and
Quincy Metropolitan. and Nash. Chat. and St
Louis each ; North west and ST. Louis and San
Francisco each lis; Hannibal and st. Joseph pre-
ferred Manhattan Mobile and Ohio, Missouri, Kan
sas and Texas Ohio and Miss, Fort Wayne, Read
ing. and Atlantic and Pacific Telegraph each Ia !;
Illinois Central aud Northern Pacific preferred each
I3s Erie. Isa Hannibal and It. Joseph. Louis
Vile and Nashville. st. Paul and Sioux City pre-
ferred. and Marietta and Cincinnati preferred. each
2 ST. Paul 2ls; Delaware and Hudson, Michigan
Central aud OHIO and Mississippi prefeITed each
2l9: Canada Southern and Ene preferred. each
pa; Lake Shore anu Union Paclnc, each rs q,
C. c. and l. and Houston and Texas. each 3 /;
Western Union. 3ls; Delaware, Lackawanna aud
Western is; Wabash, St. Louis and Paciilc conf
mon anu preferred, each 4l2 anu Nrw-lo Cen
raj Is. Der cent. Deciines-C hesapeake and ONO.
l. Indiana Cincinnati and Laiayette, u Alton
aod Terre Haute preferred and Quicksilver pre-
ferred, each L and New-lork Elevated i per
cent.
RANCE W STOCK HAHhKi.
<fyerorisd bg ne and Stocs Tstegr1Dh Ce7DI"H