New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-27
THIRD CALI--2::3O r. VI.
THURSDAY. Fob. 20 p. VI


The business done in stocks to-day rolled mp to
the handsome total of 43G,2j0 shares. But the
activity wa. chiefly confined 10 few stocks. dis
uuct line divided the market into two classes
stocks that were strong and stocks that were weak
In the former class the coal shares. Western Union
and Nashville. Chattanooga and st. Louis were con-
.pcuou4 while Erie and the whole list OF Southwest
ern stocks were weak The transactions IN Delaware.
Lackawauua and Western amounted 10 5000
shares with au advance from sou 20 81 Il. and
final sale, AT pOlo. Delaware and Hudson rose :
per cent 10 797- Int ended al 7N3i and jersey Cen
ral rose from S6l to S77s. but finally sold n SG'7
The total busiue,, in the three stocks named
amounted to 100 shares, or moro than One
quarter of the total of all stocks. These move
mrnts were pushed with ufaltcring vigor, ana
probably have resulted in driving entirely
ont tic short interest which was in the
stocks Nashville. Chattanooga aud 81 Louis
was opened per cent higher at ll3is
and after decline 10 -. ITS price was pushed mp
to 40. alter which 10 declined 20 and closed az
1854, Lake Shore. Michigan Central and tie
granger stools only Ii q per cent higher. and
did not maintain their cAtrcme advances at the
close
Tno recorded sale, Of $4,000 shares. aud only I'M
proved ~ per cent Yesterdays closing hgnr'.
After selling at 463- it declined - 4Jll a 1913.
Missouri. Kansas and Texas fell from 81 10 - and
recovered TO 43I2d 81. The " abash stocks were
dull and lower, and Hannibal aud -. Joseph COM
mon and preferred each fell = per cent A notably
weak stock was IIouston and Texas. which de-
clined from - to 70S79lq For day or two there
have been some unfayorabo runors ailoat concern
ING an ovcrS,ue Of stock by thS company and
concerning the condition of the road. II has been
stated that "A suIt had been begun in Texas To de
clare about 81 800 900 OF stock issued IN 1873 an
Illegal issue, under statute of that state that
railroad COMPANY shall not issue siOrk for which II
docs not receive il, full par value An Investigation
of the matter here failed 10 confirm
the report that u SUIT had actually
been begun. but the Information was elected tha'
tor some time sucn proceedings have been contcm-
plated. Il Is alleged that the issue of ~ 800 600
stock was given outright 70 certain persons ~ New
York in 1873 ~ bonus forcarrying the company s.
floating debt. THIS statement is not disputed. and
It is admitted that the laws of Texas forbid such an
ISSUE As to the condition of the rord, il is stated
by citizens Of Houston uoN in thus city
70 no very much uctcroratcd. They say
that almost ali the track requires TO he r"aid AT an
.vnrnsr which i estimated at between 1000. 900
and S3.0000OO.
Inst before the close of business very general
brcal, in the prices of The strong stocks occurred,
80 that the final gains excepting Tor nashville.
Chattanooga and S. LOUIS. Louisville aud Nah
vile Oregon Railroad and Navigation aad Ameri-
con District Telegraph. were unmpoItant and the
market closed weak
The final changes from thc closing prices ye-tcr
d,v nrr "a follows: Advances trntrl Iarihc.
Northwest, New jersey Central Central and Hud-
sou. and United States Express. each Is Chcsa-
prake and OHIO second preferred, IT. Paul Illinois
Central. Lake Ere aud Western Marietta and
Cincinnati first preferred and st. Paui ana Sioux
CITY. each II; Chicago, ST. Paul aud Minneapolis
Marietta and Cincinnati second preferred. AMI Mich
igan Central each p Rock l.land, Lake Shore, and
Mobile aud Ohio each p: Ohio and Mississippi. y ;
Chicago. ST. LOUIS aud New Orleans Delaware
Laclawanna and Western, aud Delaware
and Hudson each q g.. c., &. and l.. Northwest
prcfrrrcd. ard Metropolitan Elevated each C..
C. and l. G., -; American District Telegraph, 23u
OREGON Railroad aud Navigation, .; LoUsYillc ana
Nashville I: Nashville Chattanooga and St LOUIS.
H.; and HARLEM, 10 per cent. D"clincs-L hesa-
Dcukc aud DINO and Northern Pacific each \ :
chesapeake and Ohio first preferred, -. Louis aud
san FrancIsO preferred and Union Pacific, each Il
| heading -. Louis aud san Francisco. and Wabash
colnmon and preferred, each y International and
Grcat Northern. Wells. Fargo y Co., and Mon
| tnuk Gas Coal, each -; Hannibal aud -.
| Joscph picfcrrcd, e. Chicago aud Alton. u;
| Hannibal and -. Joseph, Missouri. Kansas aud
Texas EIic, Iron Mountain, aud Atlantic and lacltt
! Telegraph. each u New-IOrk Ontario and West
crn and 81. Paul and Sioux City preferred, each