New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-02
THIRD CALT-2:30 P. ".
MONDAY. March Up. VI.

MONDAY. March 1-P. VI.
Tho week opens with a stock market which s
active enough, but with prices generally lower and
unsettled. The special favortes of the last
few DAYS opened to-day with their usual
buovancy 49, Lake Shore at 1OS$ia 1924,
Delaware, Lackawanna aud Western at 92l2.,
and Pacific Mail at 463la4Sli. But
tbe dim of the remainder of the market so de-
cdcdly toward lower prices that the stocks named
were permitted to drop back-Lake Shore to 10S4,
Delaware. Lackawanna and Western to 1913 and
Pacific Mail TO 47l9. Western Union opened down
M 1l3 against 1149s Saturday, and declined
10 111Io. because of the announcement in
This mornings TRIBUNE of the transfer of tho
Baltimore and Ohio Railroads wires from the
Western Union to the American Union Company.
Erie was particularly weak, selling from 457s down
to A3Io. Wabash common declined to - and pre-
ferled stock to GJl2, Missouri, Kansas and Texas
to 42lo, Hannibal and 1t. Joseph to 1914 and the
preferred stock to 72la, Iron Mountain to 59l2,
Northwest to 91l2, and st. Paul to 10 and other
stock fell in proportion.
In the afternoon there was a rapid advance for
Plclfc Mail to 5l3s. The immediate cause for this
movement was the report that a contract had been
agreed 10 between the Pacific Railroads and
the Pacific Mail Steamship Company where
by the railroads were to pay to the
steamship company monthly subsidy OF
eI1O 900 and to purchase from the company
The two steamships engaged in the emma trade
fine CITY of TOkioand City OF Pekin-iOrSl ,2OOOOO.
There is 50 much of truth in tins story that ne 60
tiations are pending and partial agreement mas
been reached but no contract has been signed and
an ocer Of one of the railroads remarked yesterday
that he did not consider that an agreement
had been made until the contract han been
signed. However, energetic movement In one
stock with the present temper OF the market.
could not fail 10 exert an important IN
lueuce on prices that were from 1I2 To
per cent below the opening figures.
So there followed sharp rally that extended pretty
generally throughout the list, but one that was IN
sufficient 10 restore prices except IN lew eases. 20
sustained at the very end. The market closed ex-
cited and mixed"
| The final changes from the prices OF saturday are
! rs follows: Declines Chicago ana Alton NsS1
Vile Chattanooga and st. Louis Central and liud-
| son Northern Pacific, Peoria, Decatur aud Evans
| villc st. Louis and San Francisco. Iron Mountain
| aud Adams Express each Il; Illinois Cen
trail, New-Jersey Central. Northern Pacnc
preferred. and St. Paul and Sioux CITY,
Paul preferred. each la C.. c, and l.. G. and Mis-
| souri, Kansas and Texas. each %; 81. Paul. Mchl-
gan Central ST. LOUIS and San Francisco preferred,
| and Wabash, each "a Delaware. Lackawanna and
| Western. Hannibal and -. Joseph, Lax Eric and
| Western, Ohio and Mississippi. and Wabash pre-
| fcrred each Is Chicago, S. Paul and Mlnneapo-
| lis. Hannibal and St. Joseph preferred, New
| York Elevated. Eric, and Reading each ;
! O. c. G.. and |. and Northwest, each Is Chicago,
| St. LOUIS and New-OrleanS Rock Island. Cleveland
and pittshurg and Morris ana Essex each | Il Al
bany and Susquchanna, ONO Central 81. Paul aud
| Sioux CITY preferred, and Western Union eaci
| 10: Canada Southern and Atlantic and
| Pacifc Telegraph, each 15s; Ohio and
Mississippi preferred, 2; American DISTRICT Tele-
graph. 2Ia; indianapolis, Bloomington and Western,
| 28I; and louisville, New-Albany aud Chicago, !
per cent Advances-Delaware and HUDSON ana
| Union Pacific, each Il; Lake Shore ana NJ L.,
| Ontario and Western. each -; Manhattan
Elevated, Marietta and Cincinnati hrst preferred
and United states Express, each u metropolitan
| Elevated aud Wells, Fargo & Co., each u Con,
| trol Pacific aud st. Louis and San francisco first
| preferred each 70; Boston Air Line, Louisville
| and Nashville, 1 4 and Pacific Mail, per cent.
| KANaE oF STOCK MAHEEL
r>soyi,s bu the Gold anu Stock TsissrdDh Company