New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-11-18

503, 542 shares against 520,014 shares Sat
urday or course Erie had its full share
Of the business, in transactions amounting to
1853 $40 shares. The stock opened at 4Si2. against
A. Saturdays closing figure, and rose TO 1876 after
ward 1t declined TO 46ls, but rallied to 4S4. Tho
preferred stock opened at TIE advance Of u
cent, declined to 74os and closed at 76as. Laks
Shore. after selling up to 104os, declined to 1898
and rallied to 1O4is while Michigan Central sold at
OH 9Gla0087s c., c., G. and l., with
small transactions dropped per cent TO SO and
closed without rally. The old granger stocks
were fuctuatng within a range Of 1G1la
per cent, closing without material changes
from the figures Of Saturday; but Chicago
St. Paul and Minneapolis ] per cent
lower at 81, St. Paul and Sioux City 1ss at 43ia
and preferred stock Z at 49, and Burlington. Cedar
Rapids and Northern per cent lower at 61l2
Dealings were continued in Wabash at $500
5s4059 while the new stocks. Wabash st. Louis
and Pacific common and preferred, sold at
4704G0 1864 and 72071G71ls respectively. Why
the governors permit dealings to be continued az
the Board IN a stock that represents defunct
panv, although convertible into the stock Of new
company is a question frequently asked, but one
that would be more pertinent if asked about the
stock of the Pacific Of Missouri, which to-day
traded in and quoted to the extent OF 400 shares at
16a 1890 49, The property of the Pacific Railroad OF
Missouri was sold under foreclosure in 1875, and
new company formed. under the name of the Mis-
souri, Pacific Railroad Company. that became the
purchaser. The new company for three years has
held undsputed possession of the railroad and all
ts property and has operated il for its benefit,
Certain holders of the old stock have commenced
proceedings against one OF the purchasing commit,
tee for a breach of faith in not giving TO the old
stOc elders interest in the new company. but 10
is in the nature OF an individual suit. and does not.
even If successful include the stock represented by
he
Stock Exchange-these certificates represent unas-
sented stock Furthermore the rules Of the stock
Exchange forbid dealings in stocks OF companies
that do not keep both registry ana transfer
Office IN this city, II there is any place IN New
York or elsewhere where the stock of the Pacific
Railroad of Missouri can be transferred. we do not
Lake Erie and Western stock to-day was active
ard adyauced from 2ti2 to 26l9' hnsy selling ns, az
ZION that after the consolidation, ON De-
cember. II, with the Lafayette. BoomingtoR
and Muncic, the consolidated company VIII
own valuable feeder 10 the Lake Shore Company,
The Ohio and Mississippi stocks were strong all tho
way through st. louis and San tr i M sScEs
rose TO 553iG55L. Missouri. Kansas and texas
also was good demand at higher hgures. rising
from 1924 to 80. Indiana. BLOOMINGTON and v est
ern advanced from 80 TO 3si2. Hannibal and IT.
Joseph common Tell from ~ 2 to 393 but recovered
TO al. the preferred selling at 692l ian advance
Of 81 per cent d0s609. c., c. aud ]. 4. rose
:3s per cent to 27si reacing only il 10 27l2. The
coal stocks were weak Delaware, lackawanna and
Western declining per cent 10 % =, JJci" anu
Hudson pa 10 So and New-Jersey Central 2os TO
s6s but they also III fnal sales recovered part OK
Their losses. Western Union Telegraph was dull
and lower at 10s4 1919 1914. We learn that to-
day the papers the suit of the American Union
Telegraph Company against the Western Union
Telegraph Company were served upon the defend
ants Pacific Mail yields slowly but seemingly
surely. To-day il sold down to 30 and rallied to
36ls closing at the latter price, decline OF % per
cent.
The market at the close steady.
rHE STOCK NARskT.
1srporred bv Gotd and Stock Tsle5raDh COMPANY.