New-York tribune., 1879-05-28
THIRD CALL--2:3C
TUESDAY, May 27-P. y

TUESDAY, May 27-P. NJ
The stock speculation this morning started off
with prices generally higher than at the
close last evening Seemingly, a nights
reflection upon the proposed silver imitation
had convinced all the specuators that anything pur-
chased to-day might be paid for in dollars consisting
Of only SO cents instead of 100 cents but evidently
some of the more thoughtful operators concluded
later that there might be an interval between
the passage of bill by the House of
REPRESENTATIVES. and its becoming a law.
After the first advance of the morning,
the tone of the market became feverish, and prices
huctuated frequently within narrow range until
late in the day under the effects of free sales to
realize profits and of an active money market, the
prices declined sharply. The leading feature OF the
day was Lake Shore, i'll which the transactions
amounted to $3.50 shares, at prices ranging from
75l. to 763s07512 Michigan Central declined
from It's opening figure 81, to SOSs, and closed at
$685.; Erie declining from 26as to 27l2G27os, and
the preferred stock from 523sa 52os to 50l2G 81 ls
These declines cannot be wholly ascrbed 10 the
fact that the railroad war in East-bound
freights has assumed greater proportions, nor
to the fact that grain is coming from Chicago TO
New-YoTk at 10 cents hundred reported even as
low as cents, because Lake Shore stock this com
pany being the greatest sufferer from the low rates.
although the prices of the other trunk lines are
lower. Louisville and Nashville suffered u sharp
decline after opening at 80. against 66 last even
ing and advancing to 66l2 1t sold down to 620
637s. Nashville. Chattanooga and st. Louis also
was heavy and fell 212 per cent to AZ.
The granger stocks at the opening were excited
and higher, the principal interest being concen-
trated in st. Paul common stock, which advanced
to 81 a, against 50l the closing price yesterday !;
the final sales were made at 500s. The preferred
stock sold at 90l2Q91490ls990l The North
westerns were less dealt IN, and there was decline
for the common stock from 89li to 62ss962i2, and
for the preferred from 05l2 to 047s. Chicago, st.
Paul and Minneapolis sold at 3la30a, Rock leland
at 14OQ130. Chicago, Burlington and Quincy at
1864, and Chicago and Alton at S3la Union
Pacific was dull at 74li974i9. The Southwestern
shares were ell lower-Wabash In final sales show
ing decline OF per cent from its highest price,
Hannibal aud St. Joseph lis, the preferred y, St.
Louis, Kansas City and Northern preferred III,
and the others each from IS to "A per cent. The
coal stocks fully participated in tho buoy
ancy noticed in the early trading, but later
deolined-Delaware, Lackawanna and Western
from 5sas to 57a57L. Delaware and Hudson from
4sli to Al Central of New-Jersey from 81 to 40 ;.
45O, and Morris and Lsscx from 0l to 90l4 "a
003i diversity of opinion exists among coal
men as TO the result of Mr.. GOwens Efforts to ad-
vance the price of coal. The meeting that held
to-day az the Central Of Jerseys Office In this
city was very poorly attended. What is needed by
the coal companies il demand that will be sutii-
Gent TO make the price of coal satisfactory without
resOrting to the numerous consultations which have
been going on ever since January l.
Among the miscellaneous stocks, American Dis