New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-06-24
sALEs FROM Dig O'CLOCK To CLOSE OF BUSINESS, !
D1.
FRIDAY, June 23-P. II.


II would BE doing an injustice to the " bull" OF
the stock market not to record the fact that to-day
they had resorted to all the known " tricks of the
trade" to secure a firm tone and higher quotations
Apparently Western Union was selected as the one
stock that should give tone and confidence TO the
whole list perhaps because the reduction III rates TO-
day announced by the Atlantic and Pacific Com
pany is regarded more serious IN It's effects than
any of the former concessions of this Company.
Accordingly after transactions of about 1000
shares at 67, prominent Okers were EN-
ployed to buy the stock up TO 67's, which
caused the purchase of few hundred shares at
67s, by parties who were short OF 1t. After this
little movement the stock was very quiet, and Hue
tuated only between G7as and 67os. Real holders OF
Western Union continue to wait for a recovery of
the dividend before selling, as they event in" for
the purpose of making the 1i2 per cent. Perhaps
they may get it if they possess their souls in pa
tience An impertinent correspondent, who claims
10 be stakeholder in the International Ocean Tele-
graph Company, after referring to the fact that the
last financial statement of the Western Union Com
pany placed among the receipts $4,000 from
dividend of the International Ocean Telegraph
Company inquiries how it happens that
other stockholders received no dividend
He must ask us an easier cOnundrum. Lake
Shore for once comes in second to Western Union
III amount OF tIanSacDODs, ana solu dI Ot'oUoi'6
a550J434 Concerning a dividend on this stock,
the street to-day seemed 10 be in more doubt than
heretofore, and therefore the point was given out
that the price of the stock to advance because
Of the cOmpanys reserying the surplus earned q! in
stead of paying it out Michigan Central, how
ever, was made firm at from 473i to 1883, as II
ought to be with Lake Shore at its present price.
The great query of the street at the close was Did
or did not prominent broker Of EXchange-couTt
sell more Of the stocks already mentioned for reg
uar customer than he bought for casual onef
The NOrth-W West party fought brayely. and under
adverse circumstances held their speciality with
frmness the Preferred selling at G6l40GG0GG7s
$685., and the Common at 430433i. 1t was given
out as a reason for this frmness that yesterday
operator was caught going short of 90 shares Of EACH
and his scalp is TO be secured before any decline
may be expected. The st. Pauls simply show that
the cliques have been and st are, unloading their
surplus stocks as rapidly as the limited market will
permit The common ranged from 417sG4140
41lo and the Preferred at 71Q71 A07Ol2a7l lea
IL. Probably for the first time in thirty years the
official list records less than 100 shares of Erie as
the total sales for the day. Only 800 Ohio and
Miss. changed hands at 1912 Rock Island, which
il fetching immense quantities of corn into Chicago,
found but few real buyers at OS7s0 1914 The sales
ofCentra and Hudson all at 1O6, except for odd
lots at IO5la01O6l2 New-Jersey Central was well
supported; opening at 73l2, it quickly rallied 10
75Ia but closed offered at rs, with 74l2 bid Della
ware, Lsckawanna and Western improved from