New-York tribune., 1880-04-03
THURSDAY, April l--n.M. I


The stock speculation to-day was opened wisn
much strength, especially for Central and Hudsos'
Western Union, Lake Shore. Michigan Central
Erie aud Pacific Mail. The early advances fof tn9
stocks named, ranging from % to 24 per cont tne
latter for Western Unionh had favorable enecs
upon the whole market. But decline bad setin De'
fore the bad break which later occurred In all the
elevated railroad stocks. Some disappointment
was felt at the continued strngency In money. Dc
cause 1t was known that the Treasury completed ito
payments for yesterdays purchase OF bonds bcfore
noon to-day. ~. =.
Central and Hudson, after selling at 1876, declined
to 134, but closed at 1865 the same rs yesterday.
Michigan Central rose to 041, but closed at 9Si2.
Lake Shore, after selling at 1O97s ended at
1O94. Erie, after ON advance to 49,
again sold at 45sa046. and ecifc Mail. after sell
ing at 1875 closed at 42l2 Concerning Pscihc
Mail stock, as the Almanac-makers say, aD0u6
these days look out for startling stories. Tho
grange and the Southwestern stocks were mac
tive and generally shade higher, but Hannibal
and st. Joseph common and preferred and 6t.
Louis and Iron Mountain were exceptions To the
rule. Among the coal stocks. Delaware. Lacka-
wanna and Western and Central OF New-Jersey
were weak, Delaware and Hudson and Reading
being steady.
The feature Of the day was the decline in the ele
reason known. The TRIBUNE o few days ago an.
nounced that the Loan and Improvement Company
had sold its 65 900 shares of Manhattan stock, and
suggested that the reeson for this action might be
that the net earnings of the New-YOrk and Metro
p,litan Companies proving insufficient to cover
the Manhattan Companys guarantee. We also
yentured to say that it seemed probable
that the original projectors OF the roads now
held little or none of the stocks. At all
events. there has been for some time q marked abb
sence of that support to the prices of the stocks
which formerly was so noticeable. This absence OF
support was more fully developed to-day. and Man
haitian declined to 25aaG28s and Metropolitan fell
from 1O51a to 03@94, New-York declining only 4ss
to 49, but closing offered at its lowest price with
out bid. The market generally closed weak.
The final changes from the closing prices yester-
day are as follows: Advances-Missouri, Kansas
and Texas, Ohio C-ntral Ohio and Mississippi, and
Wabash preferred. each 1s; c., c. and l. c., Chesa-
peake and Ohio, Northwest, st. Paul common and
preferred Lake Erie and Western. Michigan Cen.
trail st. Louis and San Francisco pre-
ferred, and Adams Express. each Il: Lake
shore, Erie, aud Wabash, each 50; Houston
and Texas, 12; Atlantic and Pacific telegraph and
Wells, Fargo & Co.. each p Canada Southern,
q Nashville Chattanooga and st. Louis, Pacific
Mail. 1is; Chicago. Burlington and Quincy and
Western Union each IL and Central Pacific, Ia
per cent Declines-OntariO aud Western. ls; c.,
c., c. and l., Northwest preferred. Hannibal and
St. Joseph. New-Jersey Central, Iron Mountain. and
United States Express. each Il; Cedar Falls and
Minnesota, So; Chicago. st. Louis and n D.. Dela-
ware, Lackawanna and Western, Hannibal
and st. Joseph. Mobile and Ohio, Ohio and
Mississippi preferred. St. Paul and Sioux
City common and preferred, and st. Louis and San
Francisco, each 12 Northern Pacific preferred. %,
Alton and Terre Haute, Rock Island, and Eric pre.
f- red, each Northern Pacific, 1ls; Burlington,
Cedar Rapids and Northern. 2l2; New-YOrk Ele.
waited, 4ss; Manhattan Elevated, @; and Metro
politan Elevated, 1112 per cent
sTock Markell
4 .Yeported by GoLd AMI Ssses TAsJrsDa Ccmssnx