New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-02
THURSDAY, April 1-HsG

L
The stock speculation to-day was opened Mn
much strength, especially for Central and Hudsos
Western Union, Lake Shore. Michigan Central
Erie, and Pacific Mail. The early advances Tor tn.
stocks named, ranging from % to 2L per cont lths
latter for Western Unionl had favorable ehec'
upon the whole market. But adecline had setin DO
fore the bad break which later occurred In all the
elevated railroad stocks Some disappointment
was felt at the continued strfnRency In money. be-
cause 1t was known that the Treasury completed ta
payments for yesterdays purchase OF bonds before
l noon to-day. q:
Central and Hudson, after selling at 1876, declined
to 1874. but closed at 135is the same as yesterday
Michigan Central rose to 044, but closed at 03'2.
Lake Shore, after selling at 1875. ended ct
| 1904. Erie, after ON advance to 46ls
again sold at 45sa046. and Recifc Mail after sell
| ing at 1875 closed at 42l2. Concerning Pacific
Mail stock, as the Almanac-makers say, about
these days look out for some startling stories Tho
grangers and the Southwestern stocks were inac-
| tive and generally O shade higher, but Hannibal
| and st. Joseph common and preferred and st.
| Louis and Iron Mountain were exceptions 10 the
| rule. Among the coal stocks Delaware. Lscka-
wanna and Western and Central Of New-Jersey
| were weak, Delaware and Hudson and Reading
being steady. ~
The feature OF the day was the decline In the ele
waited railway stocks, for which there was no new
reason known. The TRIBUNE few days ago an.
nounced that the Loan and Improvement Company
had sold its IS 900 shares Of Manhattan stock, aud
suggested that the regson for this action might be
that the net earnings of the New-YOrk and Metro
potan Companies were proving insufficient to cover
the Manhattan Company's guarantee. We also
ventured to say that it seemed probable
that the original projectors OF the roads now
held little or none OF the stocks. At all
events, there has been for some time marked ab.
sence of that support to the prices Of the stocks
which formerly noticeable. This absence Of
support was more fully developed to-day. and Man
haitian declined to 25sl026sl and Metropolitan fell
from 1O5la to 03094, New-York declining only As
to 49, but closing offered at its lowest price with.
out bid. The market generally closed weak.
The final changes from the closing prices yester.
day are as follows: Advances-Missouri, Kansas
and Texas, Ohio C-ntral, Ohio and Mississippi, and
Wabash preferred each 1s; c., c. and l. c., Chess.
peake and Ohio, Northwest, st. Paul common and
preferred, Lake Erie and Western. Michigan Cen.
trail, st. Louis and San Francisco pre-
ferred, and Adams Express, each Il Lake
shore. Erie, and Wabash, each g; Houston
and Texas, u; Atlantic and Pacific telegraph and
Wells, Fargo & Co.. each 81; Canada Southern,
g Nashville. Chattanooga and st. LOUIS, Pacific
Mail. 1ls: Chicago. Burlington and Quincy and
Western Union. each III and Central Pacific ia
per cent. Declines-OntariO aud Western. 1s; c.,
=, C. and l., Northwest preferred. Hannibal and
st. Joseph. New-JerSey Central, Iron Mountain, and
United States Express. each Il; Cedar Falls and
Minnesota, s.; Chicago, st. Louis aud N. o., Della
ware, Lackawanna and Western, Hannibal
md st. Joseph. Mobile and Ohio. Ohio and
Mississippi preferred. st. Paul and Sioux
,ity common and preferred and ST. Louis and San
each Iii Northern Pacific preferred, o.,
ttou and Trrre Hauta Rock Island and E,yia nm
e red, each L; Northern Pacific, lis; Burlington,
,edar Rapids and Northern. gig; New-York Ele-
vated, 4ss; Manhattan Elevated, 9; and Metro
'olitan Elevated, lie per cent
reported by the GoLd amt Siscs TSsyrsDa Ccnpsnv