New-York tribune., 1879-05-10
THIRD CAI1,-2:3O O'CLOCK p. VI.
FRIDAY, May 0-P. NJ.

The stock speculation during the week ending to-
day was unualy active. and in the main buOyant.
The total sales for the week amounted to 1,56O,-
731 shares. against ,17S 427 shares for the pre-
ccding week. Several new "fancies" suddenly
Joined the list OF active stocks, among them being
Chicago St. Paul and Minneapolis, which, after
opening mt %, advanced 10 per cent, aud closed
with reaction of only l per cent from
ITS highest price. The sales of this
stock amounted to 2l,109 shares. Chesapeake
and Ohio first and second preferred stocks also
made their first appearance some 1000 shares OF
the first preferred selling from 8 to 12isG 10, the
second preferred being less active and selling at
about 7l2. Another new stock, or rather an old
stock that had been almost forgotten in speculative
circes-that of lndiauapols, Cincinnati and Lafay-
ette-suddenlv jumped from to $, and closed at 0
Louisville and Nashville at times was very active
the price of the stock advancing per cent to 66
and closing at Gi3l. The st. Louis and Iron Noun
tain speculation assumed additional prominence,
the price of the stock advancing from 23Si to 20l2
with final sales at reaction of 25s per
cent. Kansas Pacific has been dull and weak,
its price declining per cent to 90 and closing with
a rally to 81 while the st. Louis and Northern
stocks after showing some improvement early i'll
;he week in final sales showed declines of 78 per
cent for the common and 1l2 per cent for the pre-
fcrred stock. Missouri, Kansas and Texas, on the
contrary shows gain of ls per cent, closing at Its
highest price for the week; and WABASH after gam
ing 37s per cent, closed at reaction of Ia per
cent at 80 Union Pacific closes at the same figures
as a week ago, having in the meantime sold p per
cent lower and 2A per cent higher. All the st.
Louis and San Francisco stocks are lower than a
week ago. the first preferred being pa per cent
lower.
The aranger stocks at times were exceedingly
active ard buOyant; Northwest common selling rs
high as 623i, the preferred stock as high as oie>
St. Paul common at 4jas aud the preferred stock at
s6ss-all closing however, at reaction from these
extreme prices of from IS to lSs per cent. The
Hannibal aud st. Joseph stocks were alternately
weak and strong but in final sales show an improve
ment of b Der cent for the common and per cent
for the preferred stock The trunk line shares were
also higher particularly Lake Shore and
Michigan Central, but none of them MAIN
famed the best prices at the end. The invest
ment stocks generally quiet but such sales as
were made were at better prices. Some speculation
was developed in the stocks of the Olio and Missis-
s,ppl Railroad the sales OF the common amounting
to a 4jO shares at from 14l2 to l6iS0l1's; the
preferred stock sold at 374O39i2 The coal stocks
were not left behind in the general speculation. all
showing marked Improvement III their prices, but,
ike the general list. Closing with partial reac-
ton. The telegraph stocks were fuctuatlng. but
exceptng for single day, ruled duh. the final sales
of Atlantic and Pacific aud Western Union
beinQ at prices not materially different from
those of a week ago. There was considerable
business in the stock Of the American Dis
trct Telegraph Company, which recently has adj
vanced from about 81 to 90 without attracting much
attention Concerning this company. 1t Is semi-oih
cally stated that its business for the last lew
months has largely increased; that the company Is
entirely free from debt OF any kind, and has accu-
mulated surplus amounting to over Sllo'ooo'
The recent purchasers of the stock are sanguine
that within n short time the company will com
mence the payment of a regular quarterly dividend
upon its stock OF the miscellaneous stocks, Canton
with sales of only $500 shares, advanced from 32l9
to 49, OF the express stocks. Adams was hlgher,,
and the Others were lower on an unusual amount OF
Snsness. Pacific Mail ranged at 14is9 loosd l4's,
There was some scarcity Of this stock because oi