New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-04
THIRD CALT.--2:30 P. VI.
WEDNESDAY. Mach 3-P. N


The stock market to-day developed no specially
new or interesting features. Pacific Mail and the
coal shares continued to hold their conspicuous
posltiOns in the speculation, and eXerted more or
less influence on the general market. In reference
TO Pacific Mail, which to-day advanced TO 5o40
SSH il is now stated that the stock is held by per-
sons who can make the price of it whatever they
please" We suspect that this statement is literally
correct, at least for the time. But 1t is not
the fist time that Pacific Mail stock has been
so held. Several years ago party held the stock
and by sheer force advanced the price to 1913, with
results that proved highly unsatisfactory to
the manipulators Of it. The coal stocks
continued 10 be active. and made further
advances. but their extreme prices were not fusly
sustained Mt the close Lake Shore received less
attention than during the last few days. and cou-
seouently its price declined from 1898 TO lOoi2
closing at 1O9ls.
The general market was very irregular and fever
ishness was its prominent Characteristic. Some dis
oppointment was expressed that the Treasury pur
chased only 81 800 600 bonds, instead OF $1,000
600 as unauthorized TumOr had reported II would
do. However. the money which was disbursed for
the purchases that we're made lost no time in ap-
pearing in the loan market at the Stock Exchange,
and rates were marked down to and
per cent This had rather a stimulating
effect on the closing prices. and rallied stocks
from their lowest figures. Houston aud Texas
made n brilliant "spurt" from So 20 81, but tho
Hannibal and st. Joseph stocks, the Wabashes,
Missouri, Kansas and Texas and Iron Mountain
were inclined toward weakness In the final trading.
Erie fluctuated between 46l2 and 41Ss closing at
457s. Ohio Central was 10 higher ~ 25'2 hut
Peoria Decatur aud Evansville was weak at 2li4.
A fair amount of business was done III the common
socks Of North west aud It Paul, first at aher figures
and "A Il
which left the figures about half way between the
highest aud lowest of the day. Telegraph stocks
were dull bat IN final sales show small gains. Ihe
market closed excited and irregular.
Tho final changes from the closing prices yester-
day are as follows: Adyauces-Ohlo aud MISSISSIPPI,
Reading. NJ. Louis aud San Francisco preferred, ana
Iron Mountain, each Isl st; Paul and Sioux
City, Wabash preferred. and ST.. LOUIS ana
San Francisco first preferred each 4 Missouri
praph each 3; Rock Island, Ohio Central and West
ern Union each l.; Chicago ST. Paul ana Minneap--
oils, 81; New-JeIsey Central, Il; Wy, e. and l. ana
Adams Express, each . Northern Pacific preferred.
Union Pacific and Wells, Fargo d Co., each Del
aware Lackawanna and Western; rs; canada
southern, IL; Burlington; Cedar t ,r RapldS
I7s; louisville and Nashville 2i2; Houston
aud Texas 3: Lake Erie and Western,
35s: and Pacific Mail. 4ls per cent. Declines
chesapeake aud Ohio, Hannibal and st. joseph.
and Erie each Is; Illinois Central, Lake Shore,
Marietta and Cincinnati first preferred, ana wa,
bash each 4; Chicago and Alton, aud Central ana
Hudson cach IL : Metropolitan Elevated and
Peoria Decatur and Evansville, each d: Hannibal
and St. Joseph preferred. 's: Morris ana Essex;
Siomx City preferred, each 1 Manhattan Elevated
and Nashville, Chattanooga ana 81 LOUIS, each
III; Central Pacific and Oregon Railroad and Nayi-
gallon. each 49, G., &. and e., - Chicago, St.
Iouis and New Orleans, 1os and Indiana, Bloom
ington and Western, 2l2 per cent
RANGE rIg STOCK MAsxsr
,,epor,<S bv the Goid ana TstegrIDh CemDann.
Actual l sales. r l.ias Share.