, 1879-05-04


year. :. go. .-.s1s 712. o3s Sc, o6o. o42
There wcrc sales Of $4,000 Cook County
Is long at u1A. and OF 81, 900 at Ill. Cook
County IS were sold at 10o114{@l01 and interest
City scrip is selling at 9sl@99. Edison's pat
ent for electric lighting mas had no effect on the
market for Chicago gas stock. No shares hare
been offered for sale, and the price re-
maius 130 bid, IS it has been for. several
months past. In New York, cas- shares have gouc
down little On "Wednesday forty shares Of
the Manhattan Gas Company sold at auction at
ISL and fifty shares at 1S074, which is decline
of per cent from the last sale made-April g.
TWENTY-FIVE shares OF the Metropolitan Gas
Company were disposed Of at 120, as against 13j
the last sale en- April 16. There WIS better
feeling in tue Brooklyn gas-stocks, and AIS
shares OF the Citizens Gas-Light Company
brought 15b, as against Il three weeks ago
Stocks were buoyant. The news Of rainss in
Minnesota and throughout the Northwest &as
tclcgTaphcd to New York; and had the same
qulckcu;ng effect there as Oh the parchcd lands
of the West. The Granger stocks made consid-
cradle gains. Northwestern common rose from
5s$z 10 IL, the preferred from 1o76 to
81 ST. Paul common from IL to 42M,
:ud the preferred from S214 to s31{- Spectators
On the bull side are now relieved, at present adj
vices, from, their apprehcnsions OF drought.
But they are free Of one danger only to be
laced by another. The weather prophets pre-
dict wet summer. The trouble now will be
when to sell out before stocks are depressed by
floods and rusty wheat Alton was stimulated
from ~ to 79, apparently because the road
wili soon begin to carry passengers between St.
Louis aud Kansas City for next to nothing.
Eric took its long-waited~for start, and ad-
vauced from 2711 to 2S5S. The preferred, OF
which there are only S, s,0oo, 900, has gone up in
,1hs last two days from 49N to 50. Western
Union recovered from the scare Of a
new competitor, and advanced 2, to
1OGA. Kansas Pacific was neglected aud
dull at IS. ST. Louis d. San Francisco dropped
x, 10 1OH; the preferred remained at 11s4.
kansas d Texas advanced 4, TO lC15; while
Kansas City d Northern common was un-
changed at 1e16, and the preferred advanced 2G.
to 49,, The coal stocks, in the usual contra
dictory style Of the stock market, we're favor
ably affected by the lower price Of coal Della
ware d Hudson went up 15S, to An; .Lacka-
wanna 1s, to 53M; and Jersey Central e, to
l4lt ST. Joe common opened and closed at 19,
and the preferred gained u, to AK.
There was strong buying movement in Lake
Shore on reports that the next dividend would
he per cent The price rose from ~ to
ny: Michigan Central gained rs, to sl55;
Burlington d Quincy Is, to u3S; uuon Pacific
::22!, to 755<e and Wabash 136, to 3G5as.
Northern Pacific sold at 80.
Northwestern gold bonds were 1123a; ST. Paul
sinking funds, 1864; Burlington, Cedar Rapids
l. Northern, 7S11<; and Alton gold Is. 10i19, ex.
interest," Missouri Kansas s. Texas irsts were
G;L> aud the seconds 81 :
Baltimore g. Ohio common was 81 bid. 90
asked on Wednesday. The preferred vas 10s
bid. -
Atchison advanced on Wednesday In Boston
from 1861 to 1064; Pueblo s. Arkansas Valley
from G5 to CO.; Cinclnuati, Sandusky T. C1eve~
land from 6S9S to 81. In bonds, Burlington s.
Missouri in Nebraska cx- Gs declined n; Pueblo
& Arkansas Valley Is ~. Atchison land-erant
IS trs,m 711576 to 1113@; Union Pacific sinking
,und S. u; Denver & Rio Grandc is M; Atchi-
son trsts declined from 111N to l112s6; Missouri,
Kansas d Texas seconds declined Il.
Contracts for building the lines Of the pro-
jected Union Telegraph Company are being
1aade. The New York Tribune reports the
President, David Il. Bates, as saying that the
contracts already made completed the arrange
mcnts necessary to the construction Of the line
from New York to Oswego Contracts. were COM;
nlcted for about 150 miles Of poles to be dis
txtbuted between Philadelphia and Boston, and |