New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-18
MONDAY. Aug. 17-P. N.

MONDAY, Aug. IT. M.
The stock Exchange this morning opened for business
at the usual summer Monday hour OF IL o'clock This
gave an extra hour for the meditation of professional
operators and the invited public over the good things
prepared for to-day's speculation. The peculiarly
worded cable London which told OF advances there
for American securities during the last week. which was
no news 10 TRIBUNE readers and OF advances which,
however, only partially reflected the homo advances IN
the same time; the sensational announcement or the
sudden restoration Of the two cents per milo
passenger rate on the Central and Hudson and West
Shore railways, and finally, the opening London quota
lions which for the first time In several weeks gave
figures than the equivalents Of NewYork quota
tions to which they responsive. were items wen
calculated to stimulate the speculation As result the
opening figures all higher. Seldom has the Stock
Exchange exhibited greater seeming excitement than
it did morning Immediately following the fall OF the
charmans gave Perhaps the character OF that excite
ment is developed by the fact that 1t lasted
less than ten minutes, aud that In quarter
of an hour after the opening the leading stocks,
such as Central and Hudson Lake Shore,
Northwestern and St. Paul. which at the opening at
tlacted crowd of rty fifty operators and brokers
were left with market consisting OF not more than SIX
TO ten watchers. Seemingly The good news had
fallen fat prices higher but the market was as
tame aud embarrassing For the remainder OF
the day the market irregular and the spasmodlc
activity roamed from stock to another. but not
without establishing full recoveries TO the mornings
figures and many instances better prices than were
obtained the early dealings The total transactions
of the day amounted to 46O364 shares Of which 100000
shares we're done the hour and the movements Of
prices from 10 O'Clock, for the principal stocks
were as follows Central OF New-Jersey. 5l4a50A
5las; Northwestern, 1889 1884 Sl03's
ST. Paul. SOl4 0sOls sos; Omaha 2Sl4 d2S029 Bur-
lngton aud Quincy, 129%al29i99i3o; Delaware,
Lackawanna and Western. IO1 1904 1924 Della
ware and Hudson, S4is S4A; Lake Shore, 74&a75G
7440747s; Central and Hudson. 1908 OF a lO0i9S
1914; Northern Pacific preferred. 49osd494 d49l9 {:
Oregon TramscOntinental. 20ls9l9a; Union Pacific,
495sa5Oa49ig aI97s aud Western Union, 70l4a60l2d
7Oa69a BY using these figures In connection with tue
highest and lowest printed In our general
list the reader can discover the changes
made after noon The speculation late in the
day was devoted TO stocks that recently have been called
weak Hence ST. Paul taken hold Of and marked up
| 10 s2ls Delaware, Lackawanna and Western and
Delaware and Hudson after IL o'clock advanced 2s and
"a per respectively accompanied by reports that
| the companies acknowledged that they minnf
more coal than Their can sell That Is not the way Il
was put the street. but IL the English Of tho uncon-
nrtued report that the companies had agreed 20 curta
ment OF the quota allotted f"r September klsht here ~
is proper to correct AN important error tbat occurred
here by The change OF single figure last saturday NOR
OF the Delaware Lackd" anna aud western
Company since 1876. exclusive sdU ooo Of ihose
"a 100000 This sum Of increased liabilities, which
has been sold at large premiums. Is only SlOi2.oOO
compan- from July 1876 December 81. 1884, but
IL is proper that about $35O0OGO OF the Increase
expe nded In the construction Of the Bergen tunnel
Central OF NewJerscy did not get above Its morning
price, but Reading made further advance to 2Iis.
| Union Pacific, also one OF the late wraH
stocks. advanced / per cent. notwithsiand-
] ing that the half-yearly statement shows
Increase 100000 In the floating deot since January
which sum Is Sl25O00 greater than the deficit SHOWN
by the earnings gwen IN the statement Western
Union exceptionally weak, and closed with gain
OF only is per cent Everything seen and done ~ the
board and the bank statement OF loans Indicate
the continued local character Of the market but closed
strong. -
Government bonds quiet and irregular. Bids for
the A Is higher, and for the rs . per cent
lower. Annexed the closing quotations: