New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-03-05
1nIRp cAIL.-2:3O O'CLOCK P. ".
TUESDAY. March i-P. N

go absorbed arc spectators in the consideration
OF the local causes that affecting the immediate
speculation, that the adjournment Of Congress
without having passed all the appropriation bills,
and the necessity extra session at early date
scarcely attracted attention excited comment IN
stock circles. The failure TO pass the Army ApprO.
prIatiOn bill and the consequent defeat OF the tee-
graph clause of that bill for this session, has been
depended upon TO give support 10 the Western
Union speculation, but the announcement Of
the fact failed to produce any effect OF
course among men engaged in legitimate business
an extra session Of Congress is regarded almost asa
calamity but among spectators, when they stop
to give thought to the subject, il is regarded as an
element that increases the hazards and therefore
the destinations. Of speculation.
The stock market to-day offers little scope for
comment Its movements were only such as were
to he expected after the sharp recovery in prices
that occurred yesterday. Again Western Union and
Lake Shore stocks prominent features, not be-
cause of the amount of business done IN them, but
because of the persistent strength which each ex.
hibIted regarding figures yet the final prices
of each show a decline from those of Last night
Western Union opened at 1874 declined to 1864,
and then rose to loss higher than It ever sold
beforc-after which the price fell 10 l0Gl2. and
closed at 1914. Lake Shore started at =, quickly
yielded to II -, and then rose TO 72ls later selling
at Il 49, The points gwen on each of these two
stocks are of the blindest charactcr-Nimply that
they are going up for what reason no one seems
10 know. The general market was extremely fever.
ish and tucUatng all day, and It was only rather
late that II seemed 10 assume pronounced charac-
ter ana then II revealed merely weakness. For IN.
stance. Northwestern common opened AT 53os, de.
cllned To 523i, rallied o3;4, fell h. 53l again.
rose 10 1874 aud then, after showing some stead.
ness at about 3d. broke to , l2 closing with rally
10 52l2Gj24 The preferred stock and both classes
Of the 1T. PaUs, with less violent fluctuations
moved and ended in the same manner.
The coal stocks, after huctnating back and forth
during the early hours, finally weak, and
closed AT nearly the lowest figures of the day. Ere
only huctuated within the range OF = pr cent, but
closed at the lowest price, 25l2, and Canada south
ern sold at j4l2 Michigan Central was dull, sell
ing at S73ta SASH. Except Chicago, Burning
ton and Quincy, that recovered 10 il5 against
1872 yesterday, the trading IN tn investment
shares presented no significant features. kansa.
Pacific was less sought after, and its price yielded
10 l0l, and Wabash declined 10 2Ol2 2D3k Ono
ana Mississippi preferred stock attempted to
strong at 81 y, but sales of 300 shares additionally
sent It's price To 32l2, while purchase Of 2OO
shares of G., c., {. and l. advanced It's price 10 70
against II yesterday Pacific Mail or u smaB
trading improved It's price IS to 1872.
Toe market closed weak.