New-York tribune., 1880-03-09
THIRD CALI--2:3O p. NJ.
MONDAY. March s-P.M.

The stock market today opened hnoyant II not
wildly rampant and. excepting for few stocks.
prices made a further important advance. 1lanhat-
fan Elevated stock was particular feature. open
inQ at AZ against 457s Saturday, and rising
10 52lo II seems that tho passage by the Assembly
of the 5-cent-farc bill has encouraged large short
interest i'm the stock that II was only necessary
10 suggest that It probable that the bill
would be defeated in the Senate 20 carry the
prce Of the stock many points higher than 1t ruled
before 5-cent fares even talked about OF
course the bears " have becn severely punished
for giving expression TO their opinions that stock
which represents nothing and is issued ny com
many which owns nothing except the leases OF two
railroads, has littlo or 10 value. AZ the
close tho stock declined 10 5Oai The other elevated
railroad stocks were higher but duh. Missouri.
Kansas and Texas also was taken hold of. and the
"beorsr were furnished another example of the
doncer of selling stocks "sh0rt.p This stock closed
IN Saturday weak at 43S the first price to-day
,vas A. after winch the stock sold mp to i6l2. and
closed AT l5l2 The stocks of Ohio Central and
Peoria Decatur aud Evansville were in better de-
mand the former rising from 25li 10 27a5. and the
Latter from 22Ia 10 jlf. Northwest and 81. Paul
common stocks rose 10ll9 per cent. Houston and
Texas Guctuated between o7l2 and 81, closing ut
~ AGAINST s72t Saturday Burlington, Cedar
R,pds and Northern, with more than the usual
bu,iuess. rose from 81 l. to 66l2aGG.
Erie was active. with an advance OF III per cent
tn III, and 4 later decline TO 1913 There seems to
he some nusapprehenson about what proportion of
the currcnt years first charges of the Erie Company
is covered by the net earnings Of the four mouths
Octo,er to January 3l-publi,hed in Sundays
THIBuNF. II has been stated that the net earnings
If the four months are nearly onchalf of the inter-
ST NVuui1 hQ
strictIv trno IL there were not charges
,iot take prrccGcnce even of the interest
,bo compauy's own bonds. The rentals etc,
ircIrd,uo the interest on the Long Dock bonds
and other ruaraatecd interest last year amounted
to siOg52. The c0mpany's direct interest pay
r,cnts for mi. year amount 70 S3o6i,2it making
- totaI NJ -. .SOj I9l for the first charges. One
tbirl Of this sum is 1888 O65. or S3S. .439 less
thor tbe reported, net earnings OF the tour months
ended January 81.
Lake Shore. Michigan Central, Canada Southern
o,d G.. C.. c. aud |. sold no higher than on Saur-
day and closed lower. All the Onios we're lower;
Ohio and Mississippi declining from 43 10 10
lalOlt and the preferred stock from SOL 10 100
"a Mob le and Ohio, after an advance to 20ll fell
to 26a26ai, and Chesapeake and Ohio from 20H 70
81 Among the coal stocks Dclawarc, LackaWanna
and Western advanced from 02os to 4L2a 03J9. and
New-Jersev Central from 50 20 9Oda osi2, Dela-
vorc and Hudson rising to S4 but closing unchanged
NJ So The Wabashes were higher. but The 81 Louis
and San Francisco and Iron Mountain stocks were
little lower. Telegraph stocks were dull at small
advances, excepting American District Telegraph.
" ich rose from 703i 10 73la. Pacific Mail adj
vanccd per cent to 81 and then declined 2 per
cent 10 60 at which It closed At the close the mar
ket. though lot weak, seemed 10 be ful and was
not strong.
The Anal changes from the closing prices Saturday
are as follows: Adyances-llannibal and St. Joseph
aud Reading each u Alton and Terre llaue, Mari
etta and Cincinnati first preferred, Wabash, and At
lantic aud Pacific telegraph, each Il Upion Pacific,
louis and San Francisco first preferred. and Wa
bash preferred. each z ST. Paul and Erie each %;
Chicago. Burlington aud Quincy, Delaware,
Iackawanna and Western, Illinois Central,
Marietta and Cincinnati second preferred. Northern
Pacifc preferred, and Western Union, each " Rock
Island Northwest Northern Pacific. ST. Paul and