New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-18
sALRs PROM Ola O'CLOCK TO CLOSE or BUSINESS .
O'CLOCK p NJ. CONTINUED.
SATURDAY. April Up. NJ.

The stock market to-day developed not single
new feature. The business (306,393 shares was
nearly 25 per cent less than the business yesterday
As has been the rule of late after three days de-
cline. the rally in prices which occurred yesterday
afternoon made some further progress in the
early hours of to-day. But toward the end
the market was not only heavy, but
it was positively weak, and this despite the usual
Saturdays easier money market
notable incident outside of the general market
was the heavy fall of Louisville and Nashville from
$50 to 1l5 This decline, however. had little or no
effect upon the prices of the usually active stocks,
because the interest in the stock Is concentrated
in few hands, and because generally sud-
den COLLAPSE of the stock was expected to
occur sooner or later. Tie total transactions in
Louisville and Nashville amounted only to 5000
shares and after selling at 115 it rallied to $50,
with final sales at I29 Naturally, Nashville, Chat
tanoOga aud st. Louis sympathized with the decline
in Louisville and Nashville, and its price dropped.
from rs to 7012O72 with sales Of only 3.7OO shares
The declines in these stocks will seem less remark
able if one will look back and that the advances
were made perhaps with not quite so much rapid
ity as the fall has been, but with very small vol
ume of business
There is little to add to our opening paragraph
concerning the general speculation. In the NOR n
ing everything was rose-colored to the average Op
orator. and in the afternoon his optics were dark
ened by disappointment The principal stocks IN
vance of 81 per cent closed the same as
last evening; Ontario and Western, which at the
end retained part of its gain; Delaware, Lacka-
was among the strongest stocks, but later was one
of the weakest s.. Paul. which after selling Ct 1s
which only advanced % per ceut and later de-
clncd Us, closing with r. reaction OF y
per cent from, its lowest figure; Ohio and and
NH oh mr. "a then
per cent Iron Mountain, which after an early
advance to 81 very soon developed weakness and
fn ter yseinH at Al sod at and the pre-
ferred stock, which sold at 674066lsQ66l2. Some
other stocks with smaller amounts of business than
was done in the stocks named showed fluctuations
equally great with those quoted. The market at the
close was exactly the reverse of Yesterdays closing
condition To-day the prices at the end represented
a rally from the extreme decline, but tho market
The final changes from the closing prices yester-
day are as follows: DeClincs-ChcagO, st. Paul
and Minneapolis Lake Shore, Morris and Essex;
st. Paul and Sioux City, Wabash preferred, and
Western uniSn each 81 CevelaRd ana Plt d n
Central and Hudson, Erie preferred. Reading. and
St. Louis and San Francisco, each Il; c. e. and C.,
Air Line, Central Pacific, Delaware, Lackawanna
and Western, Union Pacific Wabash, and Atlantic
and P@ .16 aGB G a%d si &C. "a ea %ad l.
Houston and Texas, Iron Mountain, 16s
Nashville, Chattanooga and st. Louis, 3; and
Illinois Central, ls chesapeake and Ohio. Hann-
bal and ST. Joseph preferred, Marietta and Clncin-
natl first preferred Northern Pacific and Ohio aud
Mississippi preferred, each Il; st. Paul preferred,
ST. Louis and San Francisco preferred, and Amerl-
can District Telegraph. each q Northern Pacific
preferred 50 Canada Southern and Ontario and
Western each 81; st. Lous and San Francisco first
preferred. +; Lake Erie and Western, Ia Chicago,
St Louis and New Orleans 1l2 Marietta and Gin
cInnati second preferred, 34 and Metropolitan Ele
vated 235 per cent.
nANaE OF THE STOCK AAasrL
A9reporeS by ne G0d and Soee Ttts0r1Da ComD1nE