New-York tribune., 1879-12-09
N. Y. MINING srOcK EXCHANGE SALES
THIRD CALL--2:3O r. ".
MONDAY. Dec. s-P. ".

| The stock market opened to-day with a continu-
alton of the boom which was begun in the asi
hour of business Saturday. The special attractions
were the coal stocks and Erie; fractional improve
ment in the prices of the general list filling IN tha
background and completing the representation OF
gennine bull market. The secret Of the move
ments IF the coal shares seems 10 be that a good
amount Of "short" interest had accumulated,
which certain operators deemed suff GENTLY large 10
warrant a speculation against it, Naturally. tho
larger bears are adverse To too great proniis-
cuous following and therefore have not yet opposed
the movement But how soon, with tue cards which
they hold. they may do so, is purely a matter Of
speculation. Central of New-Jersey was the
leader in the movement to-day and sold as
high as s3i9, against 1884 Saturday Delaware,
Lackawanna aud Western following with an ad-
vance from s47s to SGl4 and Delaware and Hudson
rising from 76l2 to 1873. The dealings were char
acterzed by 10 little feverishness, and fluctuations
of per cent were not infrcqucnt before the ex-
treme highest prices were recorded. AfterWard and
toward tho close there was an evident desire to
liqudate, and prices, with rs frequent fluctuations
as there were the upward turn. settled down so
that Central of New-Jersey closed at s2ss, Della
ware. Lackawanna and Western at 50, and Della
ware aud Hudson at 77l4. The movement in Erie
which carried ITS price up to 4ls seemed also to re-
ceive its greatest support above IL, from the clos
ing up short" accounts, and it, too in the last
hour declined TO 40lad40
The st. Louis and San Francisco shares
higher and strong upon the reported agreement be-
tween the company and the Atchison. Topeka and
Santa Fe Company for the construction OF line to
the Pacific. The common stock from 44ls to
40 the preferred from % TO 81 and the first pre-
ferred from 71l4 to 1854. However, in the final
dealings these stocks suffered reaction of from
10 2i2 per cent. BY persons who profess to be
well acquainted with the land along the proposed
route 1t is asserted that the construction
of the railroad will end with the signing of
the agreement to build il. However this
may be. it was in anticipation of this event that
the prices of the stocks have advanced from 143
per cent to their present figures. Lake Shore and
Michigan Central attracted only little attention,
and. after frac tional advance closed at lower
figures than on Saturday. but Central and Hudson
rose per cent aud reacted only Is per cent. The
granger stocks were passably firm. but the dealing
in them was without feature. Missouri, Kansas
and Texas and the Wabash system stocks
lower, with small amount of business
Western Union was opened at 100, an advance
of 1ss per cent over Saturdays closing figures
and after decline to 10Sls urthcr advanced TO
1O95s After that il sold 10s5sG 10s7s. Atlantic
and Pacific Telegraph also was up 3 per cent at
4734, after selling at ASA. These movements were
based upon the repetition in new form of the
port that exploded some months ago about
some arrangement between the Western Union and
American Uuion Companies. The story, rs printed
to-day, was ingeni0usly wrought, but one that
could as well be written without single fact upon
which to base IL with volumes of truth. Pacific
Mail was dull selling at 81 l2Q3l 3l4d3l031's.
The final changes from the closing prices of satur-
day are as follows; Advances-Deaware Lacka-
wanna aud Western ls; Chesapeake and Ohio Chi.
cago and Alton, st. Paul preferred Lake Ere aud
Western, Northern Pacific preferred, Reading.
Union Pacific, and American District Telegraph,
each Il; .Ohio and Mississippi preferred. ss;
Chicago, Burlington and Quincy, Louisville
and Nashville. and Northwest preferred. each la;
Delaware and Hudson, Morris and Essex, anu Amer
lean Express each "a Central and Hudson, Is;
Northern Pacific and Wells, Fargo x Co.. each
Western Union, Ia Manhattan Elevated and Mo-
bile aud Ohio each 1i2; Atlantic and Pacific Tele-
graph. 17s; ST. Louis aud san Francisco first pre-
icrred pa, and common stock 2Ss New-Jersey Cen:
tral, 3ss; aud 81, LOUIS and san Francisco second
preferred, per cent Declines-Hannibal and ST.
Joseph, Is; Chicago, ST. Paul and Minneapolis a;
Lake Shore and ONO and Mississippi each Is c., e..
and C., Nashville, Chattanooga and st. Louis. Pa
cliic Mailand Quicksilver preferred. each l. Mich
igan Central, os Ind. Cin. and Lafayette aud Can
ada Southern, each u Missouri, Kansas and Texas
| 7s; and Alton and Ierre Haute, per cent
AT the close the market was unsettled and weak
NANCE ffE STOCK
Airtorted by ns Gotd aud Stsek TslsSvasa ccmpdnE