New-York tribune., 1879-05-01
THIRD CALL--2:3O O'CLOCK p. VI.
MEpNEsnAY. Anril 3O-p. N.

The annual report Of the Atlantic and Pacific
Telegraph Company issued to-day contains littlo
of interest to the general public because the COM
pany now is only branch OF the Western Union
Company. But the report states that the lines and
offices of the Central Pacific Railroad Company, OF
the Vermont International Telegraph Company,
and the lines on the New-York and Oswego Midland
the New-Jersey Midland and the Montcair and
Green wood Lake Railroad. that formed part of the
Atlantic and Paciics system, have been transferred
to the Western Union Company. "for the purpose
of effecting economy in maintenance and operation
of lines" Thirty-seven different lines. embracing
23O miles of poles and 2, 700 miles of wire were
turned over to the supervision of superntendents
of the Western Union Company during the year.
100 miles of poles and 936 miles Of wire were taken
down. and fifty three A. and p offices were closed.
The number OF messages transmitted during the
year was ,269,510. The receipts of the year, in
cluding balance Of $7S.045 December 81, 1877,
were 81, ,365 2SS. The disbursements were 81, 1885,
463, including expenses $S3S,939; A. and p. stock
quotation printer. S1s,309 A. and p. Telegraph
stock s52 1877; construction, $15,4S7 and for div
ldends Nos. and 2, $21O,OOO This left balance
December 81, 1873 of $229,S2f.
The stock market continues to reflect condition
of extreme feverishness and uncertainty. The
transactions of to-day were about 5000 shares
greater than those of yesterday, but in a majority
of instances the closing prices show material de-
clines. The shares Of the railroads that make up
the new through route westward from Toledo wero
either strong and higher steady Kansas Pacific
selling up to 6O4 and closing at 90, against 0st
Yesterday st. Louis, Kansas City aud Northern
common selling up to 1854 and closing at 15h,
against 14bs yesterday. and the preferred stock
selling up to 423i and ending at 1928, against
II yesterday while Wabash, after selling
as high as 335s, closed at 33ii against
yesterdays final price at 327s, and Missouri,
Kansas and Texas, after selling at 143, ended at
14ls, against 1875 yesterday. Illinois Central the
Hannibal and st. Joseph, the st. Louis and San
Francisco stocks, and Ohio and Mississippi were all
lower on dull trading. Union Pacific remains
steady. The Wisconsin stocks sold down from
opening figures but at the end excepting for st.
Paul preferred, showed some improvement from
the lowest prices of the day. Burlington, Cedar
Rapids and Northern was a marked exception TO
the general market, and advanced from 33l2 to 30.
OF the trunk line shares Lake Shore was @Otably
strong, selling up to 72ss272ls, while the others
were very dull or weak Michigan Central declined to
7Sl2 ralyng to 80 at the close, and G.. Co. Z. and L.
opened down 1l2 per cent at 43l2 sold at ASA
and recovered TO 44l2 while Erie was barely steady
at 26q26li Considering the small amount of bus
mess DONE the coal stocks were remarkably active;
but as If because Of an old habit the announce
ment Of the result Of the coal sale by the Delaware
Lackawanna and Western Company, that showed
the lowest prices yet realized at any public SALE
there was rs rapid and sharp a recovery.
For instance. Delaware, Lackawanna and Western.
that had declined from 523i TO % Is rapidly adj
vanced to 527s. and Central of New-Jersey that
had declined from 4i1i TO 1895 rapidly advanced
TO 43sa but from these later prices there was e-
cline and Delaware, Lackawanna ana western
closed at 516s, and Central Of New-Jersey at 4oe'
Delaware and Hudson was comparatively S'eauS a'
48l. a iJsi while Morris and Essex fell rom o''s
TO S63i.
The announcement of the formation oi NC.
telegraph company with $lo,OO0ooo capital ana
of the progress which 1t had already maue III tno
purchasing of anxiliary lines and the construction
Of It's own. was the cause of Western Union lele-
graph stock opening at 1Oii2. against 1904 tne
closing price of yesterday; from TINS h&ure 'hero
was a steady decline, subject to ordinary huctua-
tion. 70 1o3 at which lowest price the hnai safes
,yora made The Atlantic and Pacific Telegraph
.,o.r followed suit in decline from 34' again''
aas. Yesterday. 10 327sa33. Pacific Maii was
weaker. selling down to 13asS13ia, aud the STOCK