New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-23

haeyant and for basis OF the confidence tna' is
shown there are the continuous purchases OF per-
,ons who pay for what they buy as wei as tine
Enroueap demand for our securities. Io-days out
poiuc steamers took 81 200. 600 of the Denver ana
Rio Grapde consolidated bonds for English account
avs 20 600 shares of the New-lOrk, Ontario ana
Western Railroad stock for London and Amsterdam
These ara potent facts IN speculation the
result of which depends upon the amount Of the
simply. 1t nay he that Europe is making mis-
take in its large purchases # American securities,
but 80 long as IL continues it is two-edced sword
against spectators for decline Ii dImInishes the
quantity of bonds and stocks 10 be carried at home
and increases the supply of hard CASH with which
20 carry those that are left. To-day's business
amounted 81 395, 097 shares against 364 9o7 shares
yesterday. OF to-days transactions 9s.705 shares
more than one quarter of the tolal
business - were IN Western Union. Inc
stock opened ND Il per cent at S0l9, and between
the competition of buyers for the long account
sn@ to cover shorts !" It quickly sold up 10 SIS
After sales at the maximum figure the dealings
were characterized by much feverlshness ana ire
ouent fnctuations but the closing figure was the
ZANE as the opening sole. All sorts OF reports about
a !" new deal in the stock were current, but the
sgnifcant fact is that after the large transactions
of the day, which include large reduc ion in the
short interest the last price shows a gain
on Yesterday of only Il per cent. Pacihc
Mail when opened up q per cent at
53Is953l4 was depressed TO 51ss by renewed
rumors OF the establishment of French line OF
steamers between New-York and Aspinwall. 1t
vooldhe interesting TO learn how near to the office
of the Panama Railroad Company these rumors
have their origin. The two stocks named are the
only important ones that do not show natural adj
yances on yesterdays closing prices. Lake Shore
Il lGfr..-f fnG.rE
were materially benef ed by yesterday annual state
aents but Canada Southern suffered to the extent of
nearly per cert on The rRIBUNEs exposition. that
ts floating debt as not paid and that its interest
account next wear viii be $2S0000 greater than 1t
is for the current year. In the last half hour OF
business there was an increase Of realization OF
profits and prices declined for nearly all the active
stocks so that the DAYS gain was materially re-
anced but there some notable * options.
Morris and Essex closed at Its best figures l2O94'
against 93s vester ay aud Erie Oay yielded Is from
Its highest, ASS. The buying of krle probably was
predicated upon the knowle thar the first month
lOctoberl Of the Company's new wear shows an III
crease IN net earnings Of S17O7S2. when is at tho
RATIO OF an incrs ase for the year OF S2Oi93s4' II
this ratio Of increase 0e maintained for twelve
months the net earnings over fixed charges VIII be
S3 500 900 or equivalent TO per cent Oh the COM
mon stock Yet the management gives uo sign OF an
intention 20 pay the plluy sum OF $4,000 interest
Cue on ITS income oonis December l. 1850. Inc
market closed feyersh and irregular.
Government bonds were inactive ~ tae boards,
the sales amounting only TO $4,000. * ep for the
los she final bids fer which Is lower than yes
tel day. the narae! WAS strong vita advances OF :
Der cent for each the Gs OF 1851 and 5,, the per
,snts beng uucbargd The Treasury purchased
% 1000 Is 1850 at 1929. Annexed are The closing