New-York tribune., 1879-05-24
rH1RD cALL.-2:3O O'CLOCK P. NJ.
FRIDAY. Mag 23-P. VI

FRIDAY. Mag -0--P VI
The week ending to-day opened with a rampant
speculation in stocks, and puces continued TO ad-
vance with only slight reaction during the earlier
DAYS but toward the close there was generally
material reaction from the highest prices of the
week. and the market was more quiet finally
closing unsettled Nevertheless in a majority Of
Instances the final prices make favorable cOmpari-
sons with those of week ago, the adj
vances ranging from Is to "a per cent.
The most notable movement of the week
in American District Telegraph, which, upon de-
claratlon of quarterly dividend, advanced from
5Slo TO 6G1 closing at 90. Atlantic and Pacific
Telegraph was also dealt IN TO an unusual extent,
and advanced from 30 to 427s, closing with a
tion at 10 the sales of the stock having amounted
to 81. 900 shares. Western Union, after declining
g per the closing price of last Friday TO
Ills rose to 1145s, but ends the week at 113 The
sales of this stock amounted to G3,30O shares.
against sales of 114,2O0 shares for the preceding
week. The stock of the New-YOrh Elevated Rail-
road Company during the week sold as high
as 200, being an advance of 9 per cent from
the price a week ago, and 10 per cent from the low
est price of the week; but upon the announcement
that the road had been leased 10 the Manhattan
Company and that the stock was to be guaranteed
only 10 per cent, the price reacted to 10OGl9I7s.
IIODdDi1 tlt do ItSuil Ol lu4Ndppit-
henson of the arrangement that has been made be-
tween the two elevated railroads and the leasing of
both to the Manhattan Company. While the stock
of the elevated companies hereafter will be entitled
only TO per cent dividends per anuum as present
information indicates 1t seems probable that the
arrangements contemplate. in one form or another
doubling of the stock Of each Of the elevated rail-
roads. This operation. # carried out, is a pretty
liberal watering of stocks for young institutions.
Chicago and Rock Island stock was notably
strong. and on a moderate amount of business sold
as high as 141, closing the week however, AT 1884,
which is per cent higher than the price of week
ago. Chicago, Burlington and Quincy also
firmer, selling at 115lsG11s3iG 3iG1173s. Wabash
made an Improvement of Az per cent, later losing
15s per cent The shares of the other railroads that
supposed to be connected directly Indirectly
with the contemplated new trunk line. and also the
Southwestern stocks generally, after being higher
earlier in the week. close without material fnal
changes, except Missouri. Kansas and Texas, which
shows a decline of 1l2 per cent. and the Hannibal
and St. Joseph stocks, winch higher. the COM
mon 2l2 per cent, and the preferred los per cent
The granger stocks, as a rule were firm during the
whole week, although their final prices ex-
hibit marked reaction, most notable in
Northwest common, which closes at a de-
cline OF g per cent, bDe preferred STOCK ana
both classes of the St. Paul showing fractional
gains The trunk line shares were first higher, but
later lost most OF all of their gains. Erie closes with
gain of 3s per cent. and the preferred with loss
of 81 per cent. The final price of Lake Shore Is the
same as last week. Michigan Central declined y
per cent and Canada Southern Il per cent New
York Central being 2, per cent higher
The coal stocks active early in the week and
exhibited great deal of strength. The dealings in
Central Of New-Jersey amounted TO 36400 shares
at prices ranging from AIS to 513i to 4S5s. The
ostensible cause for the upward movement in this
stock aside from the tendency of the general mar
ket was the idea that the company is 10 be partic-
ularly benefited through its connection with the
Reading Company's new leased lines Delaware,
Lackawanna and Western, Delaware and Hudson,
and Morris and Essex sold during the week at
higher prices than they had touched for several
months before but later declined and exhibited little
strength at the closing figures. which were frac-
tiopaly higher than week ago. Rensselaer, and
Saratoga. guaranteed by the Delaware and Hud-
SON. however advanced per cent TO lOJ5i. Pacific
Mail was active and higher because of the contest
for the election but since the closing Of the books u
has been weak and in final sales shows loss
If 3, per cent. There was less done IN
the mining stocks than during tie preceding week.
INIT their prices generally were firm. The largest
tronsoctions were in Sutro Tunnel ll2, 800 shares
AZ zLQ47s ana 3,4OO shares Of Standard sold at
oal170o7s During the week deaiing gs were revived
IN Marietta and Cincinnati hrst anu stcOnu pre-
f.rrpd Mobile and Ohio, and III NASHVILLE, Chatta-
nooga and ST. LOUIS stocks. .i g.,
The total Transactions of the week amouhlcd 10
%. Qsl,.