New-York tribune., 1880-02-15
THIRD cALr.--2:3O p. VI.
SATURDAY. Feb. li-P. VI

SATURDAY. Fen. li-P VI.
The tone of the stock market to-day was more
encouraging to speculative holders of stocks than
:, has been for several days past But the general
strength was largely due 10 the manipulation OF
certain "outside" stocks the market for which de-
pcuds up,n the action Of the friends of each spe-
cialty. For instance the price Of Louisville and
Nashville was further advanced jl2 per cent 60
19oi, with Transactions amounting only 10 5000
shares and the pr1ce of Louisville. NewAlbauy and
Chicago was marked to - for 800 shares. but the
stock closed without quotation. Iron Mountain
rose to G3lsaG with general trading. upon Hs
increased earnings and the expectation that the
company will be able to meet the March interest Oh
It's income bonds. Nashville. Chattanooga and st.
Lonis. as A part OF the Louisville and Nashville
scheme. rose per cent to %, and fell away l per
cent to 81.
An upward movement was developed IN the coal
stocks. which resulted in advances ranging from
Ia to ga per cent. The special aud
immediate basis of the movement was tn
rcpor,ed agreement between the principal
companies aud individual coal operators To restrict
tbe output of coal from now TO April 10 only three
days' mining each week. and 10 advance the price of
coal next Monday % cents per ton on last Novem-
hers schedule prices. This action of the companies
Is at least inconsistent with the often-rcpcacd as
scrton of Mr. Gowcn. of the Reading Company,
that rbc consumption of coal in 1850 would tax the
capacities of the coll-producers TO their utiemo't
Bnt the restrictive part Of the agreement IS consist
cnt with the present Oycrstockcd condition Of the
coal market
Ohio and Mississippi stocks con tnucd TO advance,
,e common rising to 1913 aud the preferred adyanc-
ing from G93i to 7l9l07ll2. The granger stocks
were higher but inactive. Ere was barely steady,
oFt UuetuoItou pf l., r,u
closed unchanged from last nights figures. Mchi-
oar Central recovered per cent of yesterdays de
linc The ST. Louis and san Francisco shares were
ogain weaker except the first preferred, which adj
vouced per cent. Telegraph stocks were firm, and
q late spuri in Western Union advanced its pucc
from 1919, to 1OG. The market closed strong.
The final changes from the closing prices ycstcr-
dav ar, as follows: Adyancos-Chicago, 81. Paul
and Minneapolis, Illinois Central Lake Erlo and
Western Missouri, Kansas and Texas, Erie, and Ncw-
York Ontario aud Wcs crn, each Is st. Paul, Ma
riei.a and Cincinnati first pref rrcd, Northern
P,c nc. St. Paul and Sioux Clly preferred, aud Allan
uc and Pacific Yclcgraph. each l. A; Chesapeake and
Obio ~: Northwest Preferred C"utrIla and iiudsOu
aud Wabash each L.: Wabash preferred aud Pacific
Mil each o.; Canada Southern q Morris and
| E.sex. Il. Manhattan, Michigan Central ST. Paul
aud Sioux City. and St L1ul9 aud san Franc SEQ
! fire.. preferred each N"rt.Ne,t and western
! Union, each liz ONO and Mississippi, 13s
| Mobile and Ono, 1l2; Delaware and Hudson,
! ia. Houston ana Texas. Nashville, Chattanooga
aud ST. Lonis and Iron Mountain, each .; New-jer-
| scy Central. 2lI Delaware, Lackawanna aud West
! crn. 2Js; Chi' ago. 81 LOUIS and New,Orleans'
! 2Iy: New-York Elevated. 23l; Reading 3li; ONO
! and Mississippi preferred, 4A Louisville, Ncw-Al
! nnny and Chicago, and Louisville aud Nashville
! 5Io pcr cent Dcclrcs- Hannibal and -. Joseph,
IL g. {. and !. c., Northern Pacific, and It. Lonis
! and san Francisco preferred, each Il Peoria, De-
| catnr and Evansville aud 81. Louis and san Fran
cisco, each l2; Central Pacific Il; and OHIO Cen
| trail, | per cent
HkNGg rHE STOCK MARZEL
~ rspoueG ~ me God end Steek TsisoraOh eonr1aW
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