New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-16
THIRD cALL-2t2 O'CLOCK p. "
TUESDAY, July l5-P. NJ.
D CALL-12:30 O'CLOCK p. "

".
The feature of to-day's stock market was the con.
tnued speculation in the shares OF the Chicago and
Northwestern and the Chicago. Milwaukee and st
Pull Railroads, which was pushed with extraordi.
nary vgor. The total amount of business in
all stocks was 10000 shares, of which
the transactions in the stocks named con-
tributed $4,000 shares. The common stock Of
Northwest seemed to be the objective point Of the
speculation, and the rise in its price at one time
amounted to per cent above the closing figures OF
yesterday, selling at So the highest price at which
1t has sold since August, 1878. From this hlgh'
est price there was reaction OF y per cent,
with final sales at 6S5s. The preferred
stock was much less active than the common, and
rose only % per cent closing with final gain Of n
per cent. st. Paul common was alphabetically
strong and on free buying both for the " long, and
"shOrtr accounts advanced 1ss per cent later react
ing - per cent and closing at 54s ST. Paul preferred
advanced per cent to $685. but finally ended at
3d. The market for these stocks closed excited and
strong.
The remainder of the market generally was dull,
and in majority of cases prices were lower. Lake
Shore. however recovered to 754 and closed at 75,
and Michigan Central advanced per cent to ISL.
but ended at 77l2. Eric common was dull
within range of 80 per cent, finally clos
yielding l. per cent on sales of 200 shares.
Manhattan sold between 40 and AZ. closing at tho
lower figure and New-YOrk Elevated. after decn-
ing L. rallied Il per cent. OF the investment shares,
Chicago Rock Island and Pacific was 1 per cent
higher, Chicago. Burlington and Quincy decin-
ing g. Cleveland and Pittsburg, Illinois Gems
trail, New-York Central and Hudson. and Pitts
burg Fort Wayne and Chicago each 4 per cent.
Louisville ana Nashville continued weak, and after
opening at an advance of 81 per cent at 81 declined
10 55ls. OF the lower-prlced stocks, Chicago, st.
Paul and Minneapolis gained 81, Frankfort and
KokOmo L and Ohio and Mississippi preferred q
per cent The Southwestern shares generally were
lower, the Hannibal and ct. Joseph issues beng
particularly weak with o decline Of % per
cent for each class, Kansas Pacific yielding ! per
cent TO 3d. OF the coal stocks. Central OF New-Jer,
sey was the most active. selling from 5l1, against
51l2 last evening, down to oO9s and then recover;
ing to 5lSs Delaware and Hudson on small
transactions gained % per cent, and Dell
aware. LackaYanna and Western and Nor
ris and Essex each Il per cent. W mie there
was recovery of - per cent Tor Atlantic and
Pacific the other telegraph stocks were weak.
American District declining to 5sl2G59, and West
ern Union, on sales Of LOCO shares, again tel 70
S9l2 and rallied only d per cent Pacific Mall
was dull and without feature the sales being al
1851 4os.
orally lower Tor the lOwpriced fancies Bertha and
Edith being the most active, and declining from 20
cents to 81 cents. The better class OF stocks were
uul out steady. Al tnc oIOCh l>AOuahSO INC pu7LI
ness in mining stocks was confined to the sales o.
200 shares of Standard with an advance of 30 ger
cent and % shares Of Homestake at 3cA Sutro
Tunnel, with a moderate amount OF business, re-
mains steady the closing sales to-day being at 4os.
Dispatches received from Virginia City state that
the saving by the use of the Sutro Tunnel Is more
than the most sdngIlne persons expected. during
seven DAYS 100000 gallons or water nave Deen
discharged from the Chollar combination shan
through the tunnel and the depth OF the water Ia me
shaft has been reduced nearly 400 feet. Inc
California and Virginia Consolidated are now con-
uected with the tunnel and are pumping water into
IL. The Savage Company expects 50 be able to WORK
in its lower levels, which have been under wafer
about tour years, before tue end OF tie pIesehS
month, and II is expected shat within tCur or nvs
weeks the work oi exploration will DC started III INC
lower levels OF the whole COmstOck Lode.
The market closed unsettled.
RANGE OF THE STOCK MARKET
LIZ renorted Lu ne GOLd and STOCK IeeqlIph ComRdnM