New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-08
FRIDAY. Jan. Up. n

FRIDAY. Jan. I'm
Although the transactions in stocks TODD.
amounted to 434, 900 shares, the market prese,,.s
little that calls for comment But it il not on, -
place to remark that the present market il one tb.
is purely speculative. the estimate of a conserv.
tive bankers firm, which its own account newark
short of stocks. is that specuaors-great and small
hold at least 100 900 shares of stock more than tbsv
did week ago; that quantity having been ann.
piled to the market by European spectators and
domestic investors The special features Of to-d,u
were the coal stocks and Western Union. But The
entire market -trong and all stocks were in IA.
mand from the opening to the end. Of course tbere
were some reactions, but such set backs as o..
CURED were immaterial and unimportant
Western Union was dealt in to the amonnt
of 66S00 shares, and its price ad.
vanced from S74 to 903s Delaware Lack.
awanna and Western with moderate transactions
amounting only to 2s,2OO shares advanced n
1l1l2. Delaware and Hudson, with transactio,s
amounting to 81 100 shares, from 02s to 95l,.
and New-Jersey Central, with transactions amount.
ing to 46, 900 shares, advanced from So q TO S7I0
8G3i. Ii is claimed that che Delaware and Hud
son Company il in good a position
to declare o dividend upon its stock as is tho
Delaware, Lackawanns and WESTERN but the
present probabilities are that the conservative
element in the board of direction, which ia
opposed to beginning to do that which possibly
it may rot be able to continue, will rule upon the
question of the payment Of dividend out Of the
earnings of 1880. The stocks named were the KEY.
notes to the entire market, and such other advances
as were made were based upon the movements OF
the stocks named. However. Canada southern adj.
vanced from 72l2 to 73l4073ls; G., c. aud l. c..
from 81 7s to 22l2G223s; Chicago and Alton from
1913 to 155120155; ST. Paul from 1903 to 1113a0
111l2; Hannibal and ST. Joseph from ALL to 500
40l2, and the preferred stock from 1888 to
10GG105l2; and Erie from 1874 TO 400sd49as
Such stocks as New-iork Central and Hud-
sou, Lake Shore and Michigan Central,
wilile u to "a per cent higher, We're not
strong at the figures. New-York, Ontario and
Western was unusually active and advanced TO 3ll2
closing at 311s. la regard to this property a re-
port was published that the company intended to-
mortgage the present property to the amount Of
$40, 900 900. An inquiry at the office of the cor
poration confirms our previous impression that, by
the terms of tue reorganization OF the company, tho
directors have no power to mortgage the property
for single dollar also. that there has been no u-
tenlon of doing anything of the kind; tue
go 900 600 in cash that Is on baD1, collected from
assessments upon the old securities OF the New
York and Oswcgo Midland, being ample to
make all the Improvements that are n-
tended ST. LOUIS. lion Mountain and Southern
stock was hardly steady at 80 J33 53l2 because
of the advertisement the St. Louis papers calling
meeting of the stockholders to authorize the di-
rcct0rs of the company to increase the capital stock
to $50 10000 and the boarded Indebtedness about
81 900. The Wabashes, Union Pacific. and
Missouri. Kansas and Texas, while fracIionaly
higher occasionally in the day. were not sustained
at the close. The market closed seemingly strong
but fryerish
Government bonds were ouly steady with transac-
tions at the Boards that amounted to$lO1,O0O. The
lbs howevcrwerc quoted Is higher III the iina bids.
Annexed are the closing quotations: