New-York tribune., 1880-03-07
THIRD CALL--2:3O p. ".
SATURDAY. March C.. VI

The stock market today wore much the ap,ear-
aDce of being the remnants of Yesterdays sVccula-
ton. Neither Louisville and Nashville nor Nash
vile Chattanooga ana 81. Louis stocks sold as high
IL, they did Yesterday ami both closed lower than
las, evenings last fcures. Ohio and Mississippi
common STOCK luctuated between 1iI2
and a. finally selling at 43, against 4=li
last evening. The preferred stock rose iiom
81 TO S37s. and aftcrwaTd declined To
SCl and closed offered at 70 II seems to be pretty
certain that the Baltimore and Ohio party, instead
of having been buyers Of the stock lately, h'y rc-
Gently sold wnat stock they had. Under the CLASH
Gcoton Of directors the Baltimore aud OHIO Com
nanv can control the Board Tor at least two years
without any stock and, being the holders OF about
81 600 coo second mortgage bonds. whicn are now
due if does not seem likely that II viii surrender
tbe uroperty. except at the end Of a foreclosure.
A feature Of the day was the large business done
in Mobile aud Ohio stock at from % up o2942o ..
As consultations aad leases AZ, the order Of the
dav. and AS the Louisville and Nashville Company
has show II itself to be particularly ambitious in this
direction the street jumped to the conclusion that
the L. and y. Company has set It's heart upon
occurring the Mobile and ONO Road, and thus
accounted tor the unusual activity AN"
advance in the price of this stock. While the
ACQUISITION of the Mobile aud Ohio would seem TO
|
that Of the Ohio and 81 sis ,ppi, in view Of tLo
fact that tho stock has vote in, or control of,
this company until all Of the dcbsntmes are retired
and cancelled, there appears t. be no good reason
! for the purchase of thc stock
| Chesapcake and Onios also were unusualy active,
| and advanced about per cent OF tie common
stock 80, 500 shares sold from 22i2 to 21l2.
tte prc,erred rising from 1873 to 27ha2G7s and
the first preferred from 32ll to35@3ia Ot the een-
c,aI market there is little 20 say beyond that
! IFS dncfuatious were those usual 10 an ordinary
broller5 market some stocks showing small gains
and others small l1s.cs The elevated railroad
stocks howcyet, were notably sroac, and although
uot closing at best figures they show I'D 'crin. gains.
PacG. Mail was strong and higher oa tl signing Of
tbo new contract wi. tie oy. Gland railroad. and its
price advanced from j-5s toG1i24Gl. There a-cms
TO bc some misappr.Aoa-ioI 20 the nature Of tAo
new contract. Asw, understand il, the overland
railroad gIarau .cs 600 ions Of tbolgh freight be-
f,... Ner-Yo.lt ard -lu Francisco each way, twice
4l.o.ta.. and. pays l,c the -auc $4,000 pcrmouth
Tins amount is az tie rate of Htte over = ~ per
,ou for s. 900 ..ics OF wafer carriage. The Pacific
Nail Company pays 20 the Panama Ealioad
500. .OG0 Ter month ior its business across the
i.fl-ogs. Th.swasa q p1or day for tcleWaphs Only
,Ircc iujuactious are reported as granted b, tlc
Courts and Western Union sales of G9O0 shares
fell from 1928 20 112U1l24. Al the close the
market generally was firm
The final changes from the closing prices ycstcr-
day are as follows: Adyauce,-Northcrn Pacific
preferred Is; Central Pacific, Lake Erie and West o.
crn, and Central and Hudson, each IL Lake
Shore, St. Louis and San IaucIsco, and
Wabash, each %; Illinois Central. North
ern Pacific, and Adams Express, each u;
c., C. and !. G. and United States Express, each Is
c.. c.. G. and J., Central Of New-Jcrsev, Ohio and
Mississippi and Wabash preferred, each 81 Chicago,
Burlington and Quincy and Reading, each l !;
Union Pacific 49, st. LOnis and san Francisco pre-
feyred L Hannibal and st. Joseph preferred. 81;
Oregon Railroad and Navigation and Louisville,
New-Albany and Chicago. each 134; Chesapeake
and Ohio, 17s; Marietta and Cincinnati first an d
second preferred, each 2; Metropolitan Elevated,
2ls; Burlington, Cedar Rapids and Northern, 2ll;
Pacific Mail. 2ss; Chesapeake and Ohio first pre-
ferred, Manhattan Elevated, New-York Ele-
waited, and ST. Louis and San Francisco
first preferred each gig; Chesapeake and Ohio
preferred, 8; and Mobile and Ohio. 3l2 per cent.
Declines-Mssour. Kansas and Texas Erie, and
Iron Mountain, each ls; Rock Island Chicago, ST.
Paul and Minneapolis. Northwest. St Paul pre-
ferred Hannibal and st. Joseph, Erie preferred,
Ohio Central, and Western Union. each Il; Morris
aud Essex. l2 st. Paul and Sioux City preferred,
a Chicago st. Louis and New Orleans and LOUIS
v,iIa aud Gashvillp each l Montauk Gas Coal