New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-05-12
oLos1yo PRICES OF BosroS STOCKS
WEDNESDAY, May lip. ".

"WEDNESDAY, May LIP. NJ,
The course of to-day's stock market was exactly
the reverse of that of yesterday. The opening was
weak instead of strong and the ending strong
instead of weaka fact that goes to prove that the
cques have been less successful in marketing their
stocks, and that the outside supply has more nearly
equalled the demands for the covering OF shorts
and for new long, account than
was generally supposed. Hence the necessity
for the forced movement which to-day stransactions
developed Despite n renewal of cutting OF rates on
the trunk lines which is the best Of evidence OF the
amount of business offering and of the compare
lively small receipts of grain ut Chicago and Mil
waukce, when it was expected that the receipts
would be unusually large because of the delay occa-
stoned by the blockades the trunk lines
aud the granger stocks unusually prominent
in the speculation, and record the best advances.
The coal stocks also notably strong,
led by advance in the price of Delaware and
Hudson from 112 to ia. But this partly
was attributed TO an erroneous report that
the Delaware and Hudson Company had
declared dividend Of GIG per ccut. The fact
is that the directors to-day declared dividend of
l., per cent for the three months ended March 81,
which however, is not payable until June 10. The
annual report of the company for the year ended
December 81. 1850, which was submitted at lie
meeting of the stockholders yesterday, was pub
lshrd last March. Spccih movements in the
Hannibal and ST. Joseph s,ocks-thc common
up from G7 to 70l2G7O aud the preferred
up from 1888. to 112A-arc worthy of notice.
These movements. however. are due t0 the fact
that the whole capital stock is practically under
the control of n siuglc pool rather than because
the company has shown a comparative tie
crease in its earnings since January |. Of Sl2lOOO,
The other SouthwcStcrns were irregular, some
showing losses from Yesterday and others gains.
Northern Pacific preferred stock n special fca
TURF and its price rnc from 10 To- 7Nl2, but the
stock closed weak al 77is. The common stock in
sympathy advanced 10 1874 but it also ended weak
4. ~. As to the new stock OF the Missouri Pacific,
Of tho 81. Louis and Iron Mountain stock
the Governors Of the Stock Exchange to-day
voted that il be- good delivery without the
usual notice Of thirty days, because it really Is not
new issue i'm contemplation Of the Boards rule.
Missouri Pacific to-day clo-cd 81 bid, and 81. Louis
and Iron Mountain nj H.. At these figures mem
bcrs Of the Exchange can MAKE $3.50 by
bnying 100 shares 81. Lous and Iron Mountain and
selling 300 ,harcs Missouri Pacific. and converting
tho stocks Tht market closed excited and strong at
about the highest fguns
Gov, rnnrmt bonds were Unusua!ly bu3yant, al
though the total business at the board. exclusively
in per cents Amounted only to SlNl.OOO The
bids for the per cents. for purpose Of continuance
at 81, per cent. were advanced = pes cent. TIL
advances for the other issues wcrr follows 5s,
y per cent lL,s L. aud f. y per cent. Annexed
,he clnsirg uuufafinuS.