New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-01

times, but hardly as much as usual in preceding
years before the now year. Prices were Somewhat
irregular and fuctuatng but at the close the bids
412s and Il Cor the 4s the 3l2s were ls lower. State
bonds generally were dull the Tennessees declined
and per cent.the 6s to Al and the
ment that the State Treasurer rcpudiated the law
which made appropriations for the payment Of the
January 7nterest. Later in the week
there was buying movement of Arl1an-
gas State aid bonds and sharp advances
IN prices on private information-which since has
preen confirmed by public dispatches-that the
United States Circuit Court had declared the bonds
70 be first Lien on the properties of tho companies.
Naturally the greatest advance was on the bonds
Issued to the company (the Fort Smith, against
which the suit was brought but as all the bonds
were issued under the same law, final decree in
one case will establish the status of all As inter-
est was paid for few years, the accumulated cou-
pons on the bonds amount to 03070 per cent and
not ~ per cent as we inadvertently stated this
morning. Railroad bonds generally were quiet but
there were some special movements Oh issues that
were made exceptionally active among nose were
the New-Orleans and Pacific frsts, the Texas and
Pacific trsts Rio Grande division the Atlantic and
Pacific lirsts, the New-York Chicago and St. Louis
West Shore and Buffalo frsts.
The stock speculation while 1t was so dull that
only to 1909, 7s4 shares, was "ierky,b and the
fluctuations IN prices for some stocks amounted to
or per cent. st. Paul. Delaware, Lackawanna
and Western, and Denver and Rio
they contributed 503,300 shares to the
weeks business. Denver and Rio Grande declined
from 425s to ssh rose to 420s declined to 407s and
closed ut 411s The other two stocks named
huctuated less than did Denver and RIO GTande,
but their movements were erratlc, and they closed
at near tie lowest prices for the week. Western
Union had it's spasms of activity, and huctuated
within range of 2Ss per cent, according as the
various ltigations in which 1t is involved seemed
favorable unfayOrable for it, and 1t closed 80
lower than week ago. The special feature of the
week was the persistent and continued
investment 'c class Of stocks and the par par
ticular season of the year made that feature the
more striking The ANIMAL report (Of which only
synopsis has been received of the Chicago Burling-
ton and Quincy Company was regarded as partcu-
larly unfIyOrable, although its main facts have
long been known. The fact also that the lower
classes of freigbts are being taken from New-York
to Chicago and other Western points at from z TO
10 cents under the schedule rates was not without
some effect on the prices Of the Eastern lines aud
the report of Eres business for the month Of OctO-
Der (printed in The TRIBUNE of December 2S),
which showed an increase of 81 143 IN the gross
earnings and OF $1S,65O in the net earnings over
October, 1881, was not regarded as particularly
favorable exhibit of business for month, which
was said 10 have been prosperous one
for the trunk lines The business of the week,
however, did not permit of any general ch Inge IN
the character of the speculation In the status of
the large operators. Among the room dealers there
probably was considerable Liquidation both sides
OF the account there usually Is before New Years.
With hardly an exception, the market closed lower
than IL opened.
The Stock Exchange adjourned yesterday till IL
a III. Tuesday January 2, 1888.
WEEKLY RANGE OF PRICES