New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-17
TUESDAY, March 16-P y

TUESDAY, March 16-P NJ.
To-day's stock market presented nothing unusual
or unnatural. Prices declined. and they did so
easily. There no demonstration against the
market" and no effort was made 60 dcpress values
| But from some unknown reaGon-pelhaps that of
flIauo-be recent supports Of the market were
withdrawn and it was permitted 10 follow lis natural
bent. Holders Of stocks sold them 10 realize profits
or 20 prevent rreater losses. while the avcragcope-
| rafofs, who trade for " turns" were long" and
''shOrt" a dozen times-more or less-duriDg
the day. Even the numerous rallies which
occurred to-day had an appearance OF being nat
urli reactions although the quality of naturaIness
has long been missing from stock operations. The
market was net excited and there was attempt
to produce excitement but figures yielded gradually.
The business Of the day amounted 10 3f6,7S6
shares, against 2JJ.7sj shares yesterday. Erie
common stock secured more than Onc-seyenth of
the total ranactons. ard in consideration of that
fact was comparatively steady, selling at
45Il G43s0442s. Pacific Mail was Sec
onl in amount of transactions. but first
in the hearts OF the " hears IF there were any
because It declined from 5Ols TO 4l20fGls Western
Union contributed 30 G75 shares to the total BUSH
ness but AT the expense of decline from lila TO
10Y followed 10y rally to 10Sl2G lOS. Lake
Shores extreme figures were the opening price,
1854 and the last sales at 1879, with business
which amounted only TO 1900 shares. Michigan
Central fell from 92 TO 90l4, and recovered to Ola
and Canada Southern declined from 81 20 60i2O
G53L Northwest at first exhibited some disposition
TO be perverse and rose Il per cent from its
openng figure to 9Jls. but later it declined
to 03I2, closing at 937s. The coal stocks were
about ~ well sustained any OF the usually active
stocks. but after material rally closed with losses
ranging from l. to ! Il per cent The whole South
H. ia1ta .NVpnF
stock being the only one that did nos show de-
cline in final sales-and of these Hannibal and st.
joseph common was the weakest. Four stocks
make up the list of advances. and the four include
Adams and American Expresses Manhattan Ee-
waited opcned M % per cent at J4 and to 57l.
But the announcement that the FiYe-Cent Fare bill
had been slaughtered in the New-lork Senate was
the gnal for general realization Of profits by those
who had known beforehand what tine result was TO
be- As a consequence the prices declined to 54-L
below the opening figures of to-day, yet an adj
vance OF b on Yesterdays last sale.
In view of the gddy height to which prices had
climbed il seems to be a work of supererosaton TO
searca Tor causes for to-day's decline. Yet un-
doubleday there will be any number OF reasons
invented, prominent among which will be the con-
diton OF the money market. The market. after
q rallv closed weak.
The final changes from the closing prices yester-
day are as follows: Decines-Ches lpeakc and Ohio,
Northwest preferred, Central and HUDSON, Peoria,
Decatur and Evansville. and ST. Paul and Sioux
CITY preferred, each ls; ST. Paul and Northern
Pacific, each Il; Missouri. Kansas aud leXas, Is
G.. c. and l. G.. Cmcaso. Burlington and Quincy.
Chicago and Alton. Chicago, 81. Paul ana Mime
apolls, Delaware. Lackawanna and WcS,ern, Dela,
ware and Hudson Illinois Central, NOBLE W,L and
preferred each 10; Marietta and Cncin-
na f'' first preferred, Michigan Central, Erie
preferred. aud 81. Paul and S.OuX CITY.
each ,, Ontario and Western, q Boston Air Line,
Lake Erie aud Western. Lake Snore Metropolitan
Elevated, Nashville, Chattanooga and ST. Louis,
Erie. Northern Pacific preferred, Ohlo. Central,
Louisville and Nashville, 81. Louis and san Fran
CISCO Iron Mountain, and Union Pacific. each 4;
BEADING, 1ls; Canada Southern. Northwest, New
York Elevated, and New-Jersey Central, each liz;
Central Pacific, 1885, Hannibal and 81. Joseph pc
ferred, 1l2 Atlantic and Pacific P IeIeg9ph i's;
nibal and St. Joseph 3Sss Oregon ltaiIroad
Houston ana Texas, IL; aud Pacific Mai, Per
cenf. Alvance3-Wa ash, IS Ada 5 Express, Il;
Manhattan Elevated IS ana American Express, "a.
NANCE ot THE NAgtsL
A4rcpor,cd bv ne Goid am stock Te'sfIo' c'nSraG