New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-05-17
cAIL--2:3O O'CLOCK P. VI.
Friday. NAV IG-P. N

Although the total transactions IN stocks for the
week ending to-day, 80, 442 shares-cOmpare I'M
favOraby with 1850. 731 shares for the preceding
week. the market was no less interesting During
the early part of the week the speculation al
most universally for higher prices. but toward the
close for "A portion of the list the speculation
dragged, So that a few stocks show a decline in
their final sales. The granger stocks have all contn
uod buoyant and Northwest common has sold as
high as O. an advance of 25s cent, closing at
reaction of only q per cent. The preferred stock
advanced Il per cent to %, and closes al 94ls St.
Paul common stock traded in to an unusual eX-
tent, with the result Of an advance Of 3l per cent
the highest sales having been 491i, but afterward
it declined to 47aiG4sL. The preferred stock sold
up to s9l2 and ended at SSH, a final gain Of per
cent. c.. c.. c. and l. was another stock that
was strong. but on a small amount of business, its
price advancing from 44as to 495sG49la As affect
ing the stocks already named, much interest has
been expressed in the weather in that part of the
country from which the roads derive business, and
while elsewhere than at the Stock Exchange the re-
ports concerning it have been rather contradictory
there the information has all been of a kind most
favorable TO the growing crops
The coal stocks also were active, particularly
Central of New-Jersey, which, after selling at 4,
closes the week at AL, an advance of pig per
cent. and Albany and Susquehanna, which, after
advancing per cent, closes with reaction of per
cent. Delaware, Lackawanua and Western sold
from 533. up to 81, ending at 5J3s; Delaware and
Hudson from 467s to ISL ending at Al, and
Morris and Essex from 80 to 917s, closing at 81.
The movement IN Central of New-Jersey was
somewhat stimulated by a superstition that
the company is to be benefited by the leas-
ing of the North Pennsylvania and the Bound Brook
Roads to the Reading Company, but the general
movement in coal stocks was based simply upon the
idea that because the companies cannot long sus-
tain themselves and sell coal at present prices
combination must Of necessity be made. This
idea ignores the fact that one-third of the esti-
mated amount of consumption for 1879 has been
mined already, and is either sold or is upon the
market and that large contracts for deliveries even
As late as August have been made by some of the
companies The speculation in Louisville ana Nash
Vile stock continued, with an advance of 5l4 per
cent to 10 after which there was a rapid decline to
about 90 and a later recovery TO Gs3s
The great feature of the week. although a late
one was the rapid advance III the price of Western
Union Telegraph. In this stock the transactions
amounted to III, 221 shares, against 10 500 shares
for the preceding week. The price advanced from
lO43i at the opening last Saturday quite steadily,
until on Thursday the stock sold at 1lOl2, but to-
day il rapidly advanced to ia. and closes the
week with sales at 112, advance over the
final sales of last week of 73s per cent. Atlantic
and Pacific has followed IN the advance to the cx-
tent of per cent only. Excepting New-York Cen
trail which shows an advance of per cent the
trunk line shares although higher in the early part
If the week. close with final declines ranging from
i 10 Il per cent the latter for Canada Southern.
Kansas Pacific recovered per cent of its
decline of last week, and the st. Louis.
Kansas City and Northern stocks were all
better. closing with reaction at an advance
Of L. per cent for the and l l. per cent for
the preferred stock. The 81. Louis and san Fran
cisco stocks were traded IN 10 lar amount ana at
bigher prices. Missouri. Kansas and Texas sold as
high as ISL but ended at l73s The new light
weight fancies suffered decline both IN inter
est m the speculation ana III their prices.
There was less done III the mining STOCKS than
during the preceding week. but Quicksilver pre-
ferrrd was notably active, selling from II 20 IGG
IOl4a42 the prices Of The Others beng steady OF
strong. excepting Standard, which, after decline
of 81 per cent recovered J. per cent III final sales
WEEKLY RANGE Or PRICES