New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-13
CLOSING PRICES or pHTLljpBLpHrx s,o.,r.
Repoyted BY Jous Il. DAVIS 4 Co.. We. IL Hsrs~s = .
WEDNESDAY,. Jan. ls-.. .

WEDNESDAY,, Jan. Isl
Western Union stock continues to be IL s-.a
feature at the Stock Exchange, and the specuIa,is
in it to-day was pushed with untirinR visoe. m
Street has it that plans for the cousolidation -
the Western Union, American Union and AtIsnns
and Pacific Companies are consummated. But 81.
authorities widely differ as to the amount az m.
capitalization Of the proposed new company Ia -.
ports running all the way from $40 600 ~
500 600 900 of capital stock. In the meantime tn
most trustworthy information on the subject ssrd.
toward conclusion that that very importaut noi,s
as to the relative participation of each Of the GA
companies IN the capital stock of the proposed .or.
solidation is not vet arranged between the prnen,I
negotiators After that is done qualification viII l.
necessary by the respective boards of drectop .nS
stockholders. To-day the price Of Western tIu;.r
opened at 102, rose TO 104, declined to 100. and
finally closed at 107. American Union oponad A.
90 against &c. yesterdays last figure, rose to0l IA
clined to S91a and closed &C 01ss. Atlantic and
Pacific opened at Al against 40, yesterdsv,s
last figure rose to 49, declined TO Al and clooed A
4534. These three stocks contributed $4,000
shares to the total transactions of 48 700 sharea in
all stocks. Ard the stock market to-day was mora
cmphatcally market for telegraph stocks than On
any preceding day. Despite the advances recorded
for the telegraph stocks the remainder Of the mar.
ket was feverish and unsettled all day. Each nav
lump in those stocks did impart q spasmodia
strength ton the general list Of stocks, q that
strength represented by figures, but it was only
spasmodic and prices generally quickly yielded 10
the influences of sales Of stocks BY peopls
who in profits, are collecting two to four
years dividends within as many months from
the time when the investment was made Generally
the final prices show important declines from yes.
terdays last sales, but they not the lowest Of
the day There are, however, fcw exceptions
Reading is prominent among such exceptions, hay.
ing closed at so after rising from 5S2 to 62l2 New.
York. Ontario aud Western Is another exception "a
the rule. closing at 81 80 against 81 yesterday Fol-
this frmness at the price, there should be reason
in the fact that the company is out of debt; but 10
probably was due to the fact that the stock to-day
was admitted to dealings at the London Stock
Exchange. Chicago, ST. Louis and New Orleana
stock was another important exception, and, with
an unusual amount of Transactions rose from A 10
4s6467s. The market generally closed weak aud
unsettled.
Government bonds were strong, particularly foi
the per cents, which at the Boards sold at 1130
113ls, and after Board hours al 113 3s911Sl2. The
late advance was because the House OF Represents
tves By majority of 40, fixed the rate Of Interest
in the Funding bill at per cent The best opinonss
however, are that the bill. with limit for interest
fixed at 50 low rate. will not pass the Senate. and
the impression daily grows more general that II Il
does it will defeat refundng. Annexed are the clos
ing quotations: