New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-07-16
WEDNESDAY, July 15-P. ".

WEDNESDAY. July 15-P. NJ
When the Stock Exchange opened this morning the
speculative kettle already simmering. and 1T re-
CURED only little additional fuel make the boiling
parent only in the of its i'd but also in
the agitation of the whole pot The fuel furnished
by continuation OF reports Of favorable progress In
the pending negotiations harmonic certain conflict
ing interests in the railway world Despite of official
denias there longer to doubt that the gentle
who been engaged in this work OF harmonizng
during the last days have hit upon plan Of an
arrangement that to be practical to those who
possess the power Of adjustment At all events the me-
goatons Of outside persons have reached point where
officials must take 1t up and enter upon details to give
any promise OF a successful ISSUE From the inforna
ton have believe the situation has arrived ut the
stage mentioned and that efforts will now be
made to arrive at harmonious conclusion But therc
serious obstacles to be that have not yet
entered into the calculations OF the gentlemen who
heretofore have been engaged in driving the matter to
its present status; and 1t remains to be developed
whether or not those obstacles are insurmountaolo
when handled by practical instead Of by theorists
SO far the stock speculation is concerned 1t unques
tionably has derived aud does derive moro strength
from the mystery that has surrounded and the delay In
a final announcement than 1t will from final happy
conclusion of the negotiations The advance In prices
made since this matter first mysteriodsy limited at
ranges from to IA per cent; Central aud Hudson has
risen from SO 90 Lake Shore from 81 to 65. To-
days market shows further general advances with
final setback the same as yesterday. Inc same
five stocks led the speculation with some
change in order OF priority. st. Paul held
its first place amount of transactions, but 1t marked
final advance Of only %, while Northwestern. with
less than one-haf the amount OF business done in st.
Paul. after reaction of 50 per cent still shows an ad
vance Of 1Ss per cent. Delaware LackawaDna and
Western took second place in amount Of transactions,
and sold up 1904; Its final price or 99Ss shows an
advance Of 22 per cent. Lake Shore was third in
amount Of transactions, but leads with gain OF ~
per cent and that after reaction from 6j4 TO 6ias
Central and Hudson makes good fourth in traasac-
lions and divides honors with Delaware ackawanna and
in gains it sold from 92S to 96is and closed
at $685. against 927s last evening st. Paul. Delaware.
Lackawanna and Western, Lake Shore, Central
and Hudson, and North western contributed 325.OcO
shares to the days total OF 10000.
There was sympathy Of movement with the
five stocks named III the general market, ana
the other advances ranged from ie 10 per cent Union
Pacific, however, was one exception to the rule and
shows final decline OF s. per Western Union II
another which after fuctuating between 63s and Gan
az 637 unchanged; and Pacific Mail after decline OF
ola to anda rally to 495s closed at 492 the price
rallied up,n the announcement that the company had
declared a quarterly dividend or 4 per cent payaDc
August l. The important feature In the marker that
all commission brokers other than those pro
fessiOnal traders complain as bitterly as ever oI ach
to any close observer OF the days transactions Tho
business was confined to comparatively
small number OF brokers, who were alternate
BUYERS and sellers the advancing hgures AZ
though limited MARKET inc CLOSING is ch''c" W III"
quotation of strong. . , ,.. A.,
Government bonds dull and still weak with the
bids the Is further reduced per cent Annexed are
the closing quotations: