New-York tribune., 1879-05-06
THIRD cAII,-2:3O O'CLOCK p. VI
MONDAY. NAV 5-P. "


That there was no abatement OF the interest which
was shown Saturday stock speculatons, is proved
by the fact that the total transactions to-day
amounted to $50, 800 shares. The lines of battle
between the friends of the Northern route by way
of Chicago the Southwest and the friends of the
Southern route that has its terminus at Toledo, are
becoming more clearly marked by the develop
ments of each days transactions 1t was
only short time ago that the Wabash Railway
Company was treated by Commissioner Fink as the
scape-goat that interfered with the perfection Of
railroad combinations but now it appears by Com
missioner Fink's latest circular, No 157, that
it is the railroads running southwest from Chicago
which prevent the realization of the combinations
highest expectations. In the meantime each of the
antagonistic parties representing the Northern and
Southern routes is following the dictates Of its
presumed interest, with the effect of ignoring all
agreements, combinations and orders issued from
the Commissioners office. This state of affairs
gives promise of lively speculation in stocks and
of frequent and unforeseen fluctuations It's prob-
able that each party will be desirous Of convincing
tho public not only that it is in the right but that
it will conquer and there is more effective way
to produce such a result than by showing a bold
front on the Stock Exchange for its particular
stocks
The sales of Central and Hudson were al at
119. Lake Shore ppened up 80 per cent at "a. de-
cined to 1855 and then rose to 743i and closed 40
"a. Michigan Central opened up 30 per cent at So.
advanced to 1924, and closed at s1l2, and Canada
Southern in a small way sold at 61a60l2. The OPP
position line, including Erie, although showing ad-
vanced prices during the day, closed at lower prices
than on Saturday night. Erie opened at 2ss sold at
29la a2S3sG2Sl2 the preferred stock opened at an
advance of per cent at 53, rose To J4 and closed
at 525s. Kansas Pacific made bad break, opening
down per cent at 90 and selling down to 90, re-
covering to 90 at the end. Missouri, Kansas and
Texas declined from 16 to 15Gl5Ss st. Louis,
Kansas City and Northern common opened at an ad-
vance of Il per cent at 1858 and declined to 15ls0
15l the preferred selling from 43ll down TO 4ll2.
aud Wabash, that opened at 81 against 1868. the
last price Saturday, after advancing TO 37S, fell
to 35l2d356s.
The Wisconsin stocks were active, showing mas
teral advances in the early trading but later SELL
ing off they generally closed at fractions better
than the last prices of Saturday. The Terre Haute
and Alton stocks, Hannibal and ST. Joseph, Ohio
and Mississippi and c., G.. and i. c. were compare
lively steady, although somewhat active. c., c., @.
and l. opened at an advance of L per cent at4S24,
but declined to 47l2 and Burlington, Cedar Rapids
and Northern, after rising per cent to 3Sl2 closed
at 80. The coal stocks were active, opening at
prices above those Of Saturday, and after declining
advanced to the highest prices at which they have
sold for a long time, but in final sales showed
only fractional improvements from the last prices
of Saturday. Western Union declined from 106l2
TO IO5 on an amount of transactions that indicated
only small speculative interest. while Atlantic
and Pacific Telegraph sold at 80. he idea of q
contest for the election of directors for the Pacific
Mail Company proves a stimuant to the specula-
ton in that stock. but there seems to be sufii-
cient number of the real holders of the
stock who are willing to sell TO overcome
the effect of purchases by the contestants for
the election. To-day, after the stock had opened up
to 15l2Q 1888, 1t declined TO 15Q15ls Numerous
sales of the stock made at All option OF seller
60 days at about y per cent below the regular
price The bullion mining stocks were all hrm
without any material change from last quotations.
The market closed mixed and unsettled.
RANCE MARKEE
by ne cold and Stoct IsLesraph COMprnI