New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-05
THIRD CALI.-2:30 p. NJ.
THURSDAY. March 4-P. N.

THURSDAY. March 4-P. N.
The stock speculation to-day developed several
interesting points. Immediately following the
opening there was a marked disposition to realize,
aud prices yielded from q to q per ccht But
sndden and unexpected movement in Lake Shore
on;cklv turned the tide. This stock opened at
1901. and fell TO 1OS7s but fifteen minutes later its
nco was ND 10 ard It was the centre of sttrac
tion. After decline TO 11Ol2 the stock again rose
IN lila lator declining to 109949110. The street
"rojntp for the price is now 115. This movement
dray1ed after It Michigan Central up to 94+G94'
and Canada Southern up 20 6s146 SO, but was with
ont effect upon the price of c., O.. &. and l., which
declined to 60la, and only influenced Erie to the
extent of per cent advance TO 40's, followed by
decline TO 461s But the confidence of the average
operators is fully restored and par is freely named
"a the early price for Michigan Central, and the
lonc-delayed rise in Erie is now confidently e1
pected.
Lake Eric and Western stock was another point
of interest TO those who before were long" of IT,
but who probably tomorrow viii exchange their
certificates for checks The stories that either
the Lake Shore or the Chicago and Alton Company
had obtained possession Of the property, and would
quorautce a dividend upon the stock-hearers beng
at liberty to accept cithor company as the sponsor
for their new purchases The stock opened at 33os
and rose to 362 closing at 81 on sales amounting
TO go. $50 shares We have always expressed conn
douce in the future of this property. but wo have
reason 20 believe that tue movement of to-day was
nnrcly speculative, and that the accompanying re-
ports have no foundation in fact
Houston and Texas was again active and higher
rising from 50 to S924QSsla new speculation
WA also developed in the Ohio and Mississippi
stock4 tho common rising from 367s to 374dW
and the preferred from 70 to 1884 Louisville and
q af.a lt~att aan
from 143 to 15Oal49. and Nashville. Chattanooga
and ST. Louis rose from 116 to 117&a 117os. The
officers OF these two companies are expected 10 DO
IN tho city tomorrow, and therefore a lively time
s anticipated in the stocks because OF some expected
announcement to be made. Tho granger stocks,
while showing some small advances in prices. were
not active The coal stocks. after an early advance
of Lon 81 per cent dragged for the remainder OF the
d,v and tho Southwestern list. excepting the 81
Iouis and San Francisco stocks, was lower ana
weak Telegraph stocks were dull nut nIln ana
Pacific Mail after IN advance of per cent 10 oo4'
declned 10 5Sls The elevated ralro shares
mazda smart advances. particularly the stock OF
Manhattan because of misunderstanding OF IN
Albany dispatch, which was made to read
that Mr.. Astors FiyeC Cent Fare bill had been
laid on tho table. Manhattan stock rose fro m
A21o TO AZ, and fell back TO 4ol2. The error was
r,t discovered
stock Exchanges. Tho fact is that the bill passed.
tn n third reading without any Import ant opp osl-
ton. Tho market closed excited. but rregul ar.
The final changes from the closing prices yester-
day are as follows: Adyances-Hannibal and st.
los ,ph preferred, Erie preferred Wabash. and At
laptc and Paeilc Telegraph, each Is; Chesapeake
and Ohio first preferred ST. Paul common and pre-
,erred. New-York Elevated. and Ere, each 4
Northwest, b; St. Louis and San Francisco pre-
ferred. IL; Chicago, st. Paul and Minneapolis anu
Western Union, each Is; Peoria Decatur and
Evansville aud ST. Louis and San FsanckGo ms!
oreferrcd each q Lake shore, IS Central racine
and Marietta and Cincinnati first pretcifcG, each
! , Illinois Central Oregon Rhilroad ana NaVisa-
lion and Ohio and Mississippi each lis; CahGda
southern and st. Louis and San Francisco, ehch
III: Mobile and Ohio, 19S; Nashville, Chatt1nooe1
and st. Louis. 1A Metropolitan Elevated ana
Michigan Central, each Oh; Houston ana leXas
ga: Ohio and Mississippi preferred. 3M 1anhat-
ran Elevated / Lake Erie and Western, ~ ana
Huntsville and Nashville. 9 per cent Declines
Alton mud Terrc llaute, Hannibal and 1T Joseph
and Pacific Mail each Is Missouri Kansas
md Texas, "a c., c., c. aud J.. Delaware aud
W,dson. Texas ana Pacific, aud Wabash preferred.
each ~; Delaware, Lacka1anna aud Western and
Wew-Y0rk, Ontario aud Western each III New,Jer-
sew Central and Iron Mountain, each ;~Cieyelnnd
| and Pittsburg Central and Hudson. and Northern
| Pacihc preferred each "a Union Pacific and Mon