New-York tribune., 1879-05-20
ch1L.-2:5O O'CLOCK p. NJ.
MONDAY. Nav I9-P. ".

The stock market to-day exhibited increased ac-
tiv.rv. aud the volume of business done was much
larger than that of Saturday, the total transactions
Amounting to 2S9.O7O shares. At the opening the
marls. fairly took the bit III its mouth and, regard
less Of res training relns made rapid pace toward
higher Ggures. Evidently the new element in specu-
latiop. composed Of the more recently elected MEM
bers Of the Board as well of the younger specu-
J.tors has assumed entire control of the market and
Is LEADING it whittier no one can tell The principal
feature of to-day's operations Central Of New
Jersey which, after opening up 7s per cent at 5Ol4
and selling at JOl2 declined TO 40A but from the
latter figures there was a steady advance to 51@t
from winch there was reaction of only y per cent
the final sales at 51ss showing gam from Saturday
OF . per cent, after transactions amounting
to 32 500 shares. Great stress was laid
upon the benefits 10 be derived by the Central from
its closer connection with the Reading Railroad
Company, ami possibly from its forming a short
link in the Baltimore anu Ohios route to New-York.
The other coal stocks strong 2sOOO shares OF
Delaware. Iackawanua and Western selling at
57l.a56at 0js0573i, $500 shares of Delaware
aud Hudsou at 1850 J0G493i and 5000
shares Of Morris and Essex at 912ia92lsG92.
OF the granger stocks, the Northwesierns to-day
were the favOrites the common stock nSlng y per
cent and closing with reaction Of ONLY S5 per
cent and tie preferred rising 3s and also declining
3. I'm hnal sales while StPaui common. after rising
% 49, closed at 40 which was the same quotation
as SATURDAYS last and the preferred, after selling
ND 10 s9s. closed at S0ls, showing decline of 3
Der cent from Saturday. OF the trunk line shares,
Enc was more active and recorded per cent ad-
vance Of which Il afterward was lost, and the
preferred stock sold at J20534G53. C., c.
c. and / made a clean advance OF IL
Der cent but in inal sales closed only 4 per
cent better than on Saturday. Lake Shore tiuc-
tuated between 1873 and 7434, finally closing at
74le o gain of i per cent and Michigan Central
declined TO Sill a loss of g per cent but Ctntrai
anu Hudson sold as high as 1901 closing at IZo'
There is no doubt that the speculation III these
stocks Is somewhat checked by the undisputed fact
that the roads not only carrying gram ana pro-
visions at the lowest figures ever known, but also
that the rates Oh cattle the live stock traffic here
tOiore has been exempt from the ordinary disputes
aud dIsagreements between the roads, are little or
better than so per OF those that have ruled
for the past year.
OF the Western investment shares, Rock Island
was hardly as firm al 1885,. while Chicago, Bur
hngton and Quincy was 17s per cent higher at
ISL closing however, at l1734. Chicago ana Al
ton, Illinois Central Fort Wayne. and Cleveland and
PittSburg on a small amount OF business were All
fractonally higher The ST. Louis. Kansas City
and Northern stocks at first advanced a and d per
cent, but finished with gains Of y per cent for the
common and 3 per cent for the preferred Wabasbat
theend lower at 37i2. also wa ST. LOUIS hon
Aonntain and Southern at 2oSs. Iht ~. LOnls
Sh1 San San Francisco stocks were tIactlOnaly
AlRleT, retaining thcIT advance at the Close NAH
has Pacific was neglected, while IFS quotation was
advanced per cent TO 80 bId. and Louisville and
"AshViiie rose l's per cent ~ 69's. closing how