New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-19
THIRD CALI p O'CLOCl
FRIDAY. July 19-P. j

The stock speculation during the week ending
to-day was unusually active and developed great
strength aad per,istency. The total transactions
amounted 20 947 500 shares, against 49, 700 shares
for the preceding short week. Seldom has a week
been freer from minors calculated TO Influence val
mes at the stock Exchange than this one has been.
Nevertheless, the majority of stocks show
advances ranging from 1 20 g per cent. The special
features were the Wisconsin common stocks and
next TO them the Michigan stocks. OF Northwest
common there were transactions amounting TO
900. 500 shares with advance from Gj7s TO 7ll4;
Of ST. Paul common, I5- 300 shares, with an adj
vance from Obj 10 Jsl2Gjsas; of Lake Shore,
12J.00j aaIcs, with an advance from III TO 1854
ETG5- and Of Michigan Central. 2S.oOO shares,
with an advance from TGIi 20 sO3iDSOli. Thus
these four stocks contributed $4,000 shaIe5,
or considerably more than one-half. 70 the
total transactions Of tlc week. The transactions in
the preferred stocks OK Northwest and St. Paul
hardly exceeded tncir usual volume, and their
prices were advanced only . and ia per cent re-
spectiyeIy and OF this advance Il and Is lost
in final business.
Abri * upward movement was made in The stocks
of the Hannibal and st Joseph Railroad. the
common RISING from l. TO 2ll2 and che pre-
f.rr,d from 37l2 10 Il. For this movement two
reasons were assigned i.s-, the improbable one
that the Chicago Darlington and Quincy Company
had purchased d major, s OF the stock and second,
the notice served by the Hannibal and ST. Joseph
Company upon tie II. Lou.s. Kansas City ana
Northern Company, that after August is ,he latter
company would uot De- permitted 10 use .nt pil--e
across rbn Missouri j. yer eel Kansas city. As each
of the alleged reasons Indicates serious
tpEr neither WDald seem Co ne sHil.ltn,
cause for the advance of th.'r prices. better one
perhaps NAY ie found m TIE -lct that there iad
4ccuuullred a round "shOrt interest In the
stocks whitn offered a good opportunity for some
one 10 make quick md lively turn. Later these
socks declined lhaU tine Anal transactions snow
Gains of only l2 for the common aud ia per cent Tor
fine preferred stock. he southwestern shares gen
orally were Weg. early ~ the week, but later they
responded 10 tbs general temper ot inc MARKET ana
except 81. LOGIs. Iron Mountain ana southern, more
than recovered their early losses. HE lat
ter stock was adversely affected by renewed
rrDorts of the yellow fever at Memphis,
as also were Louisville and Nashville, when
after advancing rs per cent, declined from oe- %
5B7s and Nashville, CHaJJ,luo3 ana 81 LOUIS 1A'tt
declined from II to ~. 60, -,
The Erie speculation dragged all the week; the
total transactions amounting 10 only z3OUO shaTts,
the ucuatiOns to only y per cent. Inc maj sales
show decline OF Il the pref rftt Stock gaming y
Nor cent In the ONO and Mississippi stocks, late
In the week the common advanced lSs and the pre-
ferred stock ~ per cent The coal stocks were IN
active and dull for the greater part on the week;
but they, too. finally shaeu II the upward
movement: Delaware, Lackawanna and Western
recurlIuu 4 final advance OI 80 Central Oh New
Jersey ~, Delaware and Hudson Ia, ana motifs
and Essex l per cent. Among the Ilght stocks, Chl-
rauo 81 Paul and Minneapolis advanced "a ana
Franltfort and kokOmo 40 per cent. Ieegrapns
were weak Western Union selling from Slos down
10 Sgl49O and Atlantic and Paclhc from 81 . tooo'
American District hOweyer,atte Ter decline o. O-2 per
cent tD5sIa rose to 0311 G3ll Mining stocks were
ami aud GENERALLY dropping although Ontario sold
mp to II d ex dividend, against 1913 dividend on
last tIluuy.