New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-08

WEDNESDAY. April 7-P. N.

WEDNESDAY April 7-P. N.
The stock speculation to-day developed a marked I'm
provement in tia tone ana character. The advances
shown by the opening figures which averaged about -
per cent unquestonably due to the eagerness OF
buyers short sales previously made The morn
ing WAS almost universally better than that
has been published during tho last two weeks The hsr
monious meeting Of tho trunk line presidents
the reported settlement Of the Northwestern Traffic
Association, aud the generally better outlook for ousl-
developments that not expected At the
close OF the market last evening. But all these COM
bned a smaller factor tho general situation than
the continuous decline in the price OF wheat from
tho opening the close OF the various grain markets
While the 1rst figures may be ascrbed to the urgency
Of bear purchases. the later advances were
due general demand for the
purchase Of securities which IL reflected
In the wider distribution Of business to-day. The er-
pressed opinion OF Board traders generally In re
gard opening figures. It sent through the
telephones to the various brokers' Offices was that the
figures represented bear and that prices would
not hold. Our general list shows that this opinion
proved he erropeous because that almost universally
the first figures tho lowest prices OF the day.
Another promising feature il that tho tran
sactions at tho Stock Exchange, amounting to
345 48s shares unusually wedisributed over the
whole Lat, well ~ that larger number OF brokers
better employed than usual Central OF New-Jersey
exceptionally strong and shows final gain or ia
the supposition that tho lease OF 10 10 no
Reading Railroad Company is about to be annulled and
that It will be promptly reorganzed. Any reorganza
ton OF Central OF New-Jersoy which can place
It upon solvent basis with capacity TO
earn Its frat charges must be contemplated
from the point OF view OF heavy assessment upon tho
stock Pacific Mail unusually active and closed
with final gain OF 17s per cent which Is strong pre-
sumptive evidence that the transcontnena war Is near
ts I'd and that the Pacific Mail Company will accepta
reasonable subsidy from the railroads despite the official
announcements 10 thecontrary. Delaware, LackaWanna
and Western comparatively quietj IL
opened up % per cent at 12Gl9 and sold
up to 1928. but IL seemed all day to DO
tho club I'm the hands OF voud-bo largo buyers
of other stocks with which check advances whenever
they threatened rapid The discreet using OF
this pivotal stock effective In making tho ae
reaction the Chicago dispatches rotating that
there was trouble In the Northwestern Trafhc Assoca
lion and thar probabilities were that no agreement
between the companies would he reached Despite tese
dispatches all the granger stocks closed with maj gains
that for North being s cent Iaklng the
market all ALL the character OF tho dealings ana the
dstr Of orders 1t more promising APP
pearance IL has In preceding day Tor seVeral
weeks and closed strong at higher hgures thsh asJ
evening.
Government bonds were only moderately active put
the tone market rather trmer and tho blds
for the Ia were " per cent higher Annexed are Ihe
closuR