, 1879-08-03


last year ..-....s1s 7o7, 7ss. 50 S., 2o1 o4s. is
There were sales OF $1,000 South Park Is at
lo3115:. OF Cook County 81 at 1021%, and Of s40,
COO West Division Railway stock at TO-.
The Granger stocks and Que or two others
were huovant again. 1t was noticeable that in
very few cases were the closing prices the high
est Of the day. In St. Paul ard Northwest, as
In most Of the other leaders in the t*boo1,"
There was reactson towards the close. The
market is now in a coudition which sets expert
cnre at naught. The rise has continued SO long,
and has been so untrokcu, that even con-
ecryatiye operators who have held back are 60
ing in at the present high range To have been
conservative In the last few weeks Is to have lost
uutoll wealth. In such 4 market the man who
deliueratcs loses. A peculiar feature of yester-
days market was that, while the Granger COM
mon stocks vent up the preferred stocks de-
clined- One explanation offered WAS tina: the
preferred stocks we're sold to. break the com-.
mons; another was that IN the case Of North
western at least holders OF the preferred were
selling and convsrting the. proceeds into the
common, which they believed to be an assured
per cent stock. Northwest opened at an ad-
vance Of x, at 751l, went up 123S, to 1873, and
closed 2S lower, at 76114. The preferred lost X,
to 9s1l. ST. Paul opened Il better, at GG1<z, ad-
vanced 255, to GSs. and sold down finally to 661$.
The preferred declined #, to 96. Lake Shore
shared to somo extent in the rise, going up
from 6116 to 62ssS, and closing at SEX. Wabash
touched %, but closed at 3915, gain Of IS On
the opening. ST. Louis Kansas City d North
ern made IL, to 57N for the preferred, and s4.
to 2s11S for the common. Ohio s. Mississippi
preferred shot uo to 434 bid, and 50 asked.
The common lost Is, to 1615. c., c., c. d l.
made l, to IS, but cold finally at 5414. There
we're some weak spots in the market, and the
manner in which they were opened suggested
that an effort Was bcing..made to produce break
Western Union was sold down to ssh. Jersey
Central to ssh, Lackawanna to COS, Delaware
& Hudson to 49, and Erie to g. Most Of these
afterwerd recovered q fraction Of their losses.
Erie second Gs gold, opened at 7G16 and closed
at 16}1, after selling at Il.
Northwestern gold bonds we're 11456; St.
Paul sinking fund Is, 10G1$; Kansas g. Texas
frsts opened and closed at 15M.
In New York on Thursday, the demand for
railroad mortgages continued on 4 large scale,
and there was decided advance in prices in
some instances. Lehish s, Wilkesbarre consoli-
dated-assented advanced, on small offerings,
from 81 to s231, closing at the highest point.
c., {. & I. c. frsts advanced from 7S1z to 50,
under 9 brisk inquiry, and seconds sold I'D to
2319, the closing quotations for both issues
being within 3 fraction Of the best figures.
The purchasing movement in Erie securities
continued and resulted in an advance in drsts to
122115z, in seconds to 1913, in consolidated gold
Is to 113, in do seconds to ~, and in funded
IS to 7D5S. There we're large transactions in the
New Jersey Ceutrals, which advanced FROM 391z |
to 100M for consolidated assented, and from I
100l4 to 101 for conycrtibles assented. Toledo |
&, Wabash is5ucs were prominent in the |
dealings, consolidated convertible tx coupon
rising from s3H to s51@, funded |
interest do from Is to 60, seconds
ex coupon from eo1< to 9aa}1<. and St. Louis
Division e1 coupon from 102B to 1o4 The
last named subsequently reacted '103. Rome,
Watcrtown & Ogdcnsburg consolidated drsts
were irregular, declining from 67H to 6654, ris-
iuS to GS1x, and rcacting to 6'%; Missouri, Kan
sas d. Texas bonds advanced about pct cent
in the early dealings, but during the afternoon
asscntcd fell of from 7636 to
755S, seconds from 343z to 38. Great
Western seconds CT coupon advanced nearly
per cent, selling up to 92253s, but at the close
the price reactcd to 91Ss. Delaware q Hudson
Division coupon rose from lost
l0$;5; Burlington, Cedar Rapids d Northern
irsts from SIX to SAX; Denver s Rio Grande
6rsts from 9o to 92A. North Missouri tirsts
sold up To LII; Chicago, St Paul i Minneapolis
Incomes to 92; American Dock & Improvement
Company Is to 80; Metropolitan Elevated trsts
% 10s111; St. Louis d iron Mountain drsts to
[17115, and do seconds to 81.
In railroad bonds in Boston. on "Wednesday,
Atchison irsts were quiet, With 114A asked,
.nl the seconds we're offered, as before, at III.
Cur]iigton d Missouri excmpts continued at
o77]s5, sales and bid; non-e1empt bonds sold, as
,ctore, at 1919. Denver d Rio Grande Is we're
quoted 75 higher, at s9X@9oA. Kansas City,
,t.-Joseph d Council Bluffs is declined Il, to