New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-14

railroad compacts may be entered into during lake.
river, and canal navigation. In financial circles the
week has been quiet and devoid Of general interest
Loanabls capital continues to increase In
supply. while the demand seems to grow
daily less. The exchange market has
been firm, and rates have been maintained
above tho specie shipping point The gold
premium has vibrated between 1I75116laG1167s
9116si The market for Government bonds has
been less active with fractional decline about the
middle of the week in sympathy with the lower
price for gold but tho market partially recovered
and closed firm. The principal feature in State
bonds has been sharp decline in the issues Of
Tennessee and little more activity in tho
District of Columbia $3.50 bonds at fractiOnally
improving prices. Railroad bonds have been
in less request and show q declining ten
dency on some of the Western issues, while
those of the Pacific roads have been in request
at full prices The stock speculation for the week
has been generally dull. with dropping prices. the
total transactions amounting 10 about l 10000
shares against 900 900 shares for the five business
days of last week. Lake Shore has been marked
exception to the general rule and. with transactions
amounting to nearly the entire capital stock of the
Company, shows an advance Of los per cent since
last Saturday, having early in the week sold down
this stock were purchased early in the week by
sort of "poo" formed upon early and private nfor
nation from Baltimore to the effect that the rail-
road war would soon BE- ended, and upon the suppO-
sition that the Large short interest outstanding
would materially enhance the price in its eagerness
to buy when tho facts in the should become
publicly known. The pool" having purchased all
the stock it wanted, and the price exhib-
iiing a decidedly declining tendency, be-
came uneasy and could not wait for the de-
noument, but commenced to give out the point
confdenay of the impending surprise, 80 that the
thing became common report before any positive
steps had been taken toward the settlement; and
meantime the shorts had largely retired in good
order. However, to-day, by the marshaling OF all
tic forces the price successfully forced up to
IS, afterward receding to 633a, and closing at Ot
Opinions vary as to the success Of the movement;
but the more general opinion seems to be that the
pool has not yet finished its work of unloading, and
that higher prices for the stock are confidently ex-
pected during the week which remains to be proven.
The Northwestern and st. Paul stocks were par
tcularly weak the former reports of an intended
issue of S10,000,000 of convertible bonds, and
tho latter probably from sympathy. In regard To
the report referred to- il to have this much
Of foundation, to wit At tho annual meeting of
stockholders for the purpose of electlng a new
Board of Directors, il appears that resolution was
adopted by said stockholders ompo| eTing the Board
OF DrectOrs-provided the Company had any legal
right 10 do soto issue Sl0,OOO,OO0 nSertlb!e
bonds for the specified purpose OF purchasing GER
tain connecting road, and for other purpose, so
that if tho proiect-which understand meets
with strong OppositiOn-should be carried out, the
bonds or stock into which they would be converted
would represent actual new property belonging 10
the Company Pacific Mail shows decline upon
the weeks business of 1os per cent. Various rumOrs
have been in circulation concerning the condition
of the COmpany's affairs, and much disappointment
il expressed that annual report has accompanied
the election of directors. The facts seem
TO be that the Company require large
amount of money during the next SIX
weeks. and with the last dollar Of available
assets disposed of by pledge otherwise, the ques-
ton a. to how and where to raise the neediul is
perplexng one. At the meeting of the Board to-day
several propositions were discussed without arriving
at any conclusion further than TO refer the subject
with power 10 the Executive Committee. Western
Union or a fair amount of business has declined
Der cent. There appears to be al unaccOuntabe IN
casnes concerning this stock In the face of the best
report the Company has ever yet issued Taking the
stock market as whole. il presents but few features
of an encouraging nature to the holders. 1t seems
to continually droop, and about the only reason
which lie given for even rally IL that
this or that stock is largely ovcrsOld The sub
Joined table shows the extreme fluctuations in
| nted states bonds, the leading railway and mis-
cellaneous shares as well az gold and the closing
of each ut the dates Aforementioned also
the number of shares Of each leading stock sold:
Ciorpp No