New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-21


....ts al any prics was about to pass away.
p,,ces If nearly eyeryshsug were higher than at
.,s,ssrasys close. Even after the excitement that
sftesfea the opening Of business had Subsidei
,.rees for time ruled firm near TO. II not at. the
6et fignres. Uai0n Pacifc which opened up tO123l2
ga,nst 1921 yesterdays last Rgure, the stock
<ast started aud led the downward movement until
81 prlce fell to 119. After that it recovered to
1aass and closed at 1914 The general market
fe;lowed Unicn Pacific down and up,
,,t the declines for other stocks were not
a ereat as for Union Pacific neither were the re-
coyeries SO. notwithstanding that tO-day's ending
was made with considerable excitement and at
strong figures. generally prices at the close are
shs5e lower THAI yesterday. There are, however.
a few exceptions; notable among which are st.
Paul wbich closed at 124 against 1921 YESTERDAY.
St Paul and Omaha preferred. which closed at 100O5
against 1858. Hannibal and st Joseph preferred,
which closed at lO8laagainst 10S, and Rock Island,
which closed at 141, after LAP. against 1874.
Concerning the 81. Paul and Omaha property the
Indications are that there has not yet been any
ectasi arrangement consnmmated with the Chicago
sud Northwestern Railroad Company. The CONSOLE
dated lines of the Chicago. st. Paul. Minneapolis
and Omaha Railroad include the old West Wis
consin Road which gives to the Northwest Com
pany now, as 1t always has done, Its connection
With the St PanI, and the Omaha Road naturally
forms part Of the Northwest system. But the re is
reason TO believe that the Chicago. Milwaukee and
st. Paul Railroad Company Is Jealous OF North
western extension in that direction and hence tho
81 Paul and Omaha Is hesitating between two suit
ora and with little or no love for either, only IL
qnirvs which one can furnish the greatest dover
The telegraph stocks, Of course, were feature in
The days trading. and comparatively were weak.
Western Union opened up Iis per cent at III, and
with many intervening fluctuations finally closed at
fts lowest figures 114la; American Union opened
IN per cent at 3d. and after selling ut 80 closed
at S5@; and Atlantic and Pacific declined from
4Ts 10 46ia These declines probably were due less
10 the Injunction AGAINST O consolidation which
ss granted By Judge Barrett on the petition of Mr..
Rains Hatch than to the sales of those who, at
the stockholders, meeting viii cast the majority
vote In favor Of or against consolidation. Erie is
puzzle 10 the street To-day it opened ct So against
DIS yesterday and declined to 50ls and later sold
up TO D1ss Compared with The market, the stock is
weak ell tho tine, yet 10 holds compare
tiyely steady at about 81. The reason Is
apparent Large blocks OF the stock have been
sold and are now distributed all over the street. but
the new buyers are induced to hold on to their
purchases by tho strength Of the general market al
though Disguised that tho price does not advance.
PAcihc Mail Is another stock that made only little
recovery from iss decline from 81 to 55ls, and
closed at 55sa. The market. however. closed
strong with every seeming indication Of higher
figures.
= Government bonds were dull, and the total
business ut the Boards incladed sales of only
$1,000. The change in the final bids is a decline
Of e for the Ala per cents Annexed are the closing