New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-04-16
SECOND CALL o'cl
I'm y. VI
tGOld Placer
THIRD CArL,-2:3O O'CLOCK P. NJ.
TUESDAY. April 15-P. NJ.

While the stocks that usually the leaders OF
sneculation or furnish the keys to the speculative
nosltion to-day generally were either dull or de-
clninc the low-prioed Southwestern railway shares
were bucyant and excited. Under the leadership OF
Kansas Pacific stock, every other stock with Kan
cos as n mart of its name was eagerly bought, and
svmpatheticaly there was Improvement In the
,riccS of the stocks of connecting railways and OF
some which only connect by way of the Stock In
change The rapid rise in the price of Kansas
Pacific. the extreme advance of which from Satur-
dav night was 12l4 per cent, naturally attracted
attention and comment The movement in this
stock reminds one of the rapid advance in the price
Of Union Pacific that occurred in the Spring OF
1875. and 1t is generally supposed that it is
due TO the same Influences that then carried
Union Pacific from 33 in January to as in
Ju1v The settlement of the difficulties between
the two companies and the alleged completion OF
the preparations for a perfect reorganization
of the Kansas Company, are the basis oil
the arguments used in justification OF the late
advance in price and of still further
advance. The total share capital OF the company IS
only 50 $50 $50. of which about S7,OOO,OOO is re-
ported To be now held by a few persons who
chiefly are Instrumental in the present upward
movement of its price. To-day the price started at
3Olo. advanced to IS, declined to 35l2 and closed
a y
dav. Missouri. Kansas and Texas stock followed
with an advance from II IS to 14l201i ST. Louis,
Kansas City and Northern common with an advance
from 10 QloQ9. and preferred stock from
81 to 333sa33; and the varieties of ST. Louis ana
San Francisco stock all higher, the first pre-
ferred rising from 1s24 to 203s. The Hannibal and
ST. Joseph stocks also rose, the common advancing
TO 10 and the preferred TO 42l2- The Wabash
movement, from 203s to 223sG22ls, was partly
sympathetc with those already named, but 1t eX-
hIbited signs of being of force, although some
what aided 10y rumOrs that member OF the an
derbilt family would become president of the COM
pany-a position, however. which Mr. C. W. fleld
has not Vet declined to accept.
Turning from this bright side Of to-day's market,
we fiud the trunk line shares dull and lower for all
executing Michigan Central, which made a rapid
advance from S24Gs4 and then settled to s3G
S3lt, and closed dull. The Northwestern shares
made only q faint rally from opening prices, and
then sank to still lower tWres--the common in final
sales showing loss for the day of 1 per cent, and
the preferred stock of Is per cent The St. Pauls
were dull and after few fluctuations closed with
out material change from last Ght. The dealings
in the coal stocks were llfcleSS, but there
was a sufficient show" Of orders to buy Della
ware. Lackawauua and Western at about 80 TO
make a fair market for sales at JOls; afterward it
sold at 49a,a 1913 Delaware and Hudson closed
at 49, against 42l4 yesterday, Morris and Essex
al sia, AGAINST S512. and Central Of New-JeTsey at
ii against 413s Western Union was dull at 1864
QIOjl9a tOG. and Pacific Mail sold in a small way
AT 14aIIls. We are requested to state that Can
tain d. :. Babcock, president of the Pacific Mail
Company, sOhcts the proxies OF stocknolders TO DE
Usrd M The coming annual election of directors, and
that such proxies NAV be forwarded to him at the
office of tie company, or to Whltenouse a Co., No.
- BIoad-st.
In mining stocks little was done except in Stand
and of which 5000 shares were sold at 2S 10 30.
The regular sales ranged from Z1l2a2S to 2I@4.
The market closed irregular and ieNerlsh.
RANCE Or THk NAEKEL
It,fb (yoJd nd SflccT