New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-03
THIRD CALL--2::3U p. VI.


MONDAlt itDs - ~
The stock speculation to-day was less active than
during the latter part of last week, the total trans
actions amounting TO 200. 900 shares against
332, 800 shares Saturday. Yet the general market
was firm, and Notwithstanding some feverishness
which was betrayed IN the late dealings and reac
ton from the best figures of the day. majority Of
the prices show final gains over the last figures
of Saturday. The principal features Of to-
DAYS speculation were Erie and Lake
Shore, which contributed 10000 shares to the
total business. other stock on tho list scoring
transactions amounting to as much rs $1,000
shares Erie opened at 4sl2 and declined to Az
but later sold at 4s7s04Sl2 and the preferred stock
rose from 1924 to 737e0734 The street is generally
very confident Of much higher price for Erie stock;
such faith resting upon the belief that the stock
il being absorbed by some large operators. But IN
view of the fact that every one is buying the stock,
the theory was suggested to-day that perhaps after
all the whole movement is simply the result Of the
spontaneous action of the general traders
Lake Shore. with business equal only to about
one-third of that done IN Erie, strong and ad-
vanced from 1O4L to 1O5ls later reactng to 104os.
The regular sem-annual statement (which for years
has been circulated in the months of February and
August the two mon this when the company's inter-
est dues amount to almost nOthing) was revamped
and il was asserted that the company has on hand
large sum in cash. The report was not without its
Influence upon the speculation. Michigan Central
also rose l per cent to 90, but afterward fell to
9l9,. The st. Louis and San Francisco shares
opened from to dig per cent higher than Satur-
DAYS last figures because of the consummation of
the contract for the construction of the Atlantic
and Pacific Railroad TO San Francisco. But the first
prices were about the best of the day and from
these there were declines ranging from y to per
cent. The general list Of stocks other than those
named, was dull, and the fluctuations scarcely OK
ceeded per cent. The final changes generally are
represented by the small fractions
The final changes from the closing prices Satur-
day are as follows Advances-St. Paul preferred.
Northern Pacific, and Pacific Mail. each ls Rock
Island. Northern Pacific preferred, ana Wabash pre-
ferred each Il; Houston and Texas, Lake Shore.
and St. Louis and san Francisco each %; c., G. and
LC.. Chicago, Burlington and Quincy, Chicago and
Alton. Chicago ST. Paul and Minneapolis,
Delaware and Hudson, Erie common and
preferred and Canton, each y; Western Union, %;
Canada Southern, Illinois Central, Louisville aud
Nashville and Atlantic and Pacific Telegraph. each
"a; c. c., G.. and l., Chesapeake and ONO, ana In
dianapos, Bloomington and Nestern,each NashI,
vIlle Chattanooga and 1T. LOUIS, -; St faul ana
Sioux City, 81 and st. Louis and San Francisco
first pre- ferred 2 per cent. DeclincS-lndlanap0l
Cincinnati and Lafayette Lake Erie and Western,
Missouri Kansas aud Texas, Ohio and Mississippi
preferred and Wabash. each 3 Delaware Lacka-
wanna aid Western, Marietta and Cincinnati first
preferred Metropolitan, Michigan Central. New
Jersey Central, Readings and Union Pacific each Il;
Hannibal and ST. Joseph preferred, So Northwest
preferred Oregon Railroad and Navigation, and 81
Louis and San Francisco preferred, each y; St.
Paul Hannibal and ST. Joseph, and New-lOrk Ele-
waited, each os; Manhattan. %; Panama, /; Cen
trail Pacific, HI Kansas Pacific, 2; and Boston
Air Line 3 per cent
AZ the Mining Exchange the dealings in mining
stocks were quite irregular. Bodic advanced from
~ TO 80, Moose from 50 10 to So 20. and Great
Eastern from SO to SO GEMS, he par being VI per
share The Great Eastern Company, whose prop
erty 10 in the Black Hills, adjoining the Father DE
Smet Mine. sometime since suspended the payment
of dividends because Of dispute between tue two
companies to the ore bodies when inc Great
Eastern was working near The boundary hno
between them; but from the new developments
since made the company expects to get out Ill the
ore which call be worked in ITS mill South Bqlwer
advanced from 81 70 to 50 10. LeadyiIe declined
from 81 % to 81 10, Hukl from 81 10 to 81 % and
Sonth HIte from % 10 to SO 05a$3 10. Pnmas and
Green Mountain were steady NJ ~ 80 and 81 40
resnectlyely At the Stock Exchange the traHsac-
tions m mining stocks were insignificant. excepting
IN Central Arizona, which sold at $l2l2Q$l30
$12l2. ,,.
AirepOrsd tU TIE cold and Stock IsIsoraSH scmsanx