New-York tribune., 1881-12-15

snr,,rs nec Q, .. sl4S2s5 .....$l,Ol2.977
II sbould be understood, however, that in 1850
tbe capital stock of the company was ABOUT
S41. 600 900. while now the consolidated company
stock. including the Atlantic and Paclhc ana the
American Union Companies, amounts TO
SSO,OO0O00.
AItboncb the sales of stocks TODAY aggregated
o15 500 shares or 63 coo shares more than the busl-
ness of YES erday, the market hardly could have
seemed TO be duller than it did As it is, seven
stocks contributed 100, 600 shares to the total:
Western Union 25,4O0, Nashville. Chattanooga
and St Louis (quarter stock $4,000, Louisville ana
Nashville 10 900 Lake Shore 162OO, Enc l0,oOO'
Texas and Pacific u, 400 and Central and hudson
10 400 shares; and the sales OF no STOCKS
other than those named amounted to as much aS
10000 shares There has been general eXpecta-
ton il the Treasury today receiver oilers Ior Io-
demption Of about the amount 1t offered 10 reteeh'
that it would exert at least temporary eAhlIaId'-
INC influence upon prices for stocks. As THE IEIB-
Irxr of Monday venured to predict that the offers
to-day would amount to nearly the sum oI
81 OOO O9O-if they did not exceed II
there was general expectation that
the Treasury would obtain that amount
of bonds Hence in the early dealings III
stocks there was a disposition to prepare for
BOOM and after weak opening there was
general hardening of prices Perhaps for that reason
the boom did not come. Certain 1t Is that the
best prices were made before the announcement that
the offers of bonds to the Treasury amounted to
S54s9. 800, and that after the announcement
prices dropped instead of advancing. Concerning
the trunk line shares. the average operator con-
tinues to be infatuated with the idea that the rail-
road war is simply a stock-Obbng operation TO
enable the managers purchase stocks. Forgettui
of the fact that the idea has been eXtant Tor
six months more-a period sulhclehlA
long to have enabled the managers TO purchase
probably more stocks than they ever Will want-the
trunk line stocks to-day sustained by tue pub
licatiOn in The TRIBUNE of Mr. Vanderbilts relter-
alton that he still stands by the one-rae principle
while he is ready to leave the question whether or
not there should be differential rates-and, if So
what they should be-to a disnterested arbitration
In connection with this it may be timely for the
Cbeap TRANSPORTATION Association, which III the
mast has been clamorous about the discrimination
against New-York permitted by the Ola
railroad po o to show its hand and strengthen the
position now taken by the Central and hudson
Railroad Company. Western Union was strong
I'D to ST. but later sold at S6l20S6's bu'
the text of the cOmpanys statement wa
not generally known in the Street. Louisville ana
Nashville and Nashville and Chattanooga were
specially active and higher, but neither OF them
maintained It's extensive advances at the end Inc
market closed only passably strong.
The Sub-TreasuTy to-day received oilers Ior re-
demption of bonds included in the 1O6 call to ma
4ure January 20 1882, interest payable TO date OF
maturity The offers aggregated $54S9,5oO, ana
the full amount was accepted by the treasury, De-
cause of the difficulty of apportonlng
the excess of $4S9,5OO over the amount
for which proposals were invited among twenty
eight proposals. ranging from 800 to $3.50 800
each. At the stock Exchange Government bonds
were active and strong for all except the continued
6s the bid for which were reduced per cent. The
other biddngs are unchanged, and the market
closed llIn at the following quotations: