New-York tribune., 1880-04-06
MONDAY, April 6-P. NJ.

The stock speculation to-day generally was dull,
che principal part OF the total of 226.264 shares
which were bought and sold being of few special
ties. Canada Southern was special feature. and
with sales of 81 200 shares declined from 62os TO
b7&058ss 1t was only short time ago that the
street was informed, upon excellent authority,
that this company was earning more than b per
cent on its capital stock. and the decline IS
the cause of unusual comment and much
chagrn because of the heavy losses which the fall
occasions. Among the reasons assigned for the de-
cline in the price is one TO the effect that some
hostile legislation relative to exchange of busi-
ness between the United States and Canada rail-
roads is threatened. We are inclined to think that
the reason mentioned, as well as all the Others
which are given. has less to do with the fall than
the probability that the company is not earning
anything upon its stock. and that the stock has
been very successfully distributed.
The elevated railroad stocks were again heavy.
The first prlces were fraction better than Satur-
days closing figures, but the decline began almost
immediately and Manhattan and Metropolitan had
fallen several per cent before it was known
that tho General Term of the Superor
Court had reversed the decision of the lower
court in the case against the Metropolitan
for damages to property. After that a further
decline was made, from which there was II partial
recovery The Ncw-YeIk stock was less affected,
its extreme decline amounting only to Il per cent
followed by reaction of q per cent. The decision
of the General Term sustains the principle OF
liability of the elevated railroad companrs for
such damages to private property as may De 10nnu
to have been sustained because of the construction
of the roads Pacific Mail another active stock,
but in an opposite direction TO that of the stocks
already mentioned. Its first price WAS 4lls against
Ash Saturday. from which 1t quickly advanced TO
45lo and as quickly declined to il2. After that its
fluctuations were between Al and ii3i, with final
sales at 4412. EIie was also active, but only be-
tween tie figures of 457s aud 453 The dealings in
the remainder of the market were unlmPortant,
and. excepting for Sharp advance for Burlington,
Cedar Rapids and Northern, the fluctuations were
also uuimpOrtant. Alternating between strength
and weakness with weakness in the ascendancy;
the general speculation dragged through dull and
uniDtcreStng day.
The lnal changes from the closing prices Satur-
day aIe as follows: Declnes-CheSapeak and
OHIO and ST. Louis and san Frsncsco. each Is;
Cmcago. Burlington ana Quincy. Northwest. Nor
IT'S and Essex, Ohio and Mississippi preferred, Iron
Mountain, and Adams, American aud United states
ira and MIS- Mss nr ~ Kinsas S = and nd Tcxas. each
3s Central Pacific. Union, Pacific, ana Wabash
prelerIed each u; Delaware, r. LackawaMna
and Western, Delaware and lludSOn, ONO
Central. New Central Coal. and Wells, Fargo "
Co.. each "a Houston and Texas and Illinois Cen.
tral, each ,New-York Elevated IL; St. Paul and
Duluth, 2 Manhattan, 2l2 Canada SCuj hcrn, Il
Cedar Falls and Minnesota, 4Sl: Louisville ahd
Nashville 47s; and Metropolitan. Gi2 per cent. Adj
trail, each ls Hannibal and ST. Joseph and Western
Uniou each Ii Chicago. ST. Paul and Minneapolis,
Ohio and Mississippi, and Reading each ss Boston Air
and Iron, each p; Northwest preferred, bs; Erie
preferred and Northern Pacific, each %; Noble and
ONO, 7s Atlantic and Pacific Telegraph and Pacific
Mail. each /: and Burlington. Cedar Rapids and
Northern, 3$4 per cent.
RANGE ~ rNr STOCK XARKKL
h'reponed bY the G9'd ana S''e 7s''Ori0a comsanG