New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-01-24
SECOND CALL O'CLOCK p. VI.
THIRD CALL--2:30 O'CLOC
THURSDAY. Jan. 23-P. "

There was only a mOmentary hesitation at To
openinc of the stock market to-day before prices fI
fine whole list were started upward, and the mOder
ATE decline from the extreme highest prices that 10
some instances was noticed at the close Of business
was not sufficient to detract one iota from the gen
eral buoyancy which was the marked feature ftha
DAYS transactions. Whether or not the theory
proves TO he correct it is assumed that the immense
subscriptions to the per cent Government bonds
have established the future rate of interest for cap
tai i'm this country and hence values Of diyldendpay
ing stocks and of undOubted Understanding bonds
arc being based upon per cent as the future rae
for money.
The Transactions in stocks to-day were large
amounting to 309, 800 shares. Erie led IN TO
amount of business done and advanced TO 2GG2J4.
There seem TO be good reasons why the stocKd
the newly rcorganlzed company should assume 'h'
position once held by old Erie. the leading spec
ulatiye stock of the list The successful reorganha
ton of the company has postponed the payment VI
full interest on its total debt until 1881, sotha
until that time there can be little doab that us az
nual revenue will fully equal its yearly charges
And this affords ample opportunities 10 speeuA"
upon the chances of a future business Eilo P''.
erred to-day rose To I6l2, but yielded 10 1oT |"
the close. Lake Shore followed next to Efea
amount Of transactions, and exhibited the eneeeVs
new blood in a rise from 70l2 10 ~ hicnsN,
Central was dull but strong at so0 eO'4 a eO? aH1
Canada Southern sold at IS. There was aDo'u
meeting of the trunk line railroad presidents n,'
today, but for what purpose IS not known ID Wv
time of writing.
The Western stocks continnedstrong, ana lui'I, ~,
ivances were recorded for both classes OF 'ne :.
Pauls aud Northwesterns. Bat Nor'n|e.
preferred betrayed some fevershncss, s
selling up TO SGls, Ill sudden uiop
So and a final close at s55s. Rock ha--
was firm at 2J5s 1854 a 1852 Chicago pu'''.
ton and Quincy at ia, and Chicago ana h''O"
StIo Illinois Central opened up az - Il Io' :,
TO 81 Ia, and ended at Sis The Hanhloai @"u y.
Joseph stocks were barely steady, as also
Wabash at % 22ai. a Sudden movement "a'O.
veloued in the OHIO and Mississippi stocks 'N"' 80
ricd the common from 93l to 1O4 a 1923 anu Nv
preferred from 2i24 to 20d2si2. ..,,
Notwithstanding that some bad feeling n'' ~
enrendered between the Newly coal comPdD",
because of certain sales at low prices recently "a
to the city by representatives. Of the DrIaW"e ~.
Uudson COMPANY, in consequence OF "Di'h
Pennsylvania Company has issued clIcu.ai
greatly reduced rates and that he Delaware -
owanna and Western Company on next Neuh' ~,
viii offer 100 900 tons of coal at public auction ~,
coal stocks to-day were all higher and strons o'a
end. Western Union again was active ana pV -.
os. closing at 070s, and Atlantic and PaclhC ~,
rraph further advanced TO SSH Paclhc Man ii
was stronger, selling up TO l3&4 a io's Oh
amount of business Tho market closed ''ione ro,
There were 10 changes 10 note III the l 'ns msr
rates for stocks. the general list going al -@''~
cent. with the usual exception fiat
RANGE On rHE STOCK MAEAtr
,sr,por,ed By ne God ard Stock TeegdpA coh'P'Sy %,