The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-13
A Dull and Dropping Stock Market
Sales Only $1,000 Shares.
G Q L d 112 8 8.
Investment Securities Lower-GOyernmen and
Railway Bonds Steady.
MONEY ON CALL IL PER cEAT.
WALL STREET.

l
MONDAY. June 1916 p. N.
Another moribund market to-day, for which absent
operators have tacitly voted rsquiescat in pace
proper epitaph. There has been peace" enough 70
satisfy tho aspirations Of Ulysses Cesar him
sell, but not business enough to satisfy tho
poorest piets OF broker. Fairly strong ut
the start 1t evident that the list sup
ported by very insecure undcrpnning, which was
likely to yield to the least shock This exhibited
Itself in the fading away OF the price OF Central and
Hudson, which, sales OF fcw hundred shares,
dropped down from losA TO 1o5 but closed in . rally
~ l06k 1919 The Commodores brokers
ply lockers and not supporters usual, and a
theory prevailed that the ancient mariner rather
too III too look after his favorite else that he had
como TO the end OF his purse ut least far as this
stock was concerned Tho more probable solution lay
In report OF further reductions Western bound
rcehts--a reductio ad absurs, in fact, there Is
little no Western freight to reducc-and further
cutting OF fares to Chicago by the Grand Trunk Of
Canada.
Added to this is confidently stated that 900
shares are held hero foreign account which may be
precptated upon the market any day that MI Wander
bits case is bulletined desperate. Looked upon
1t has been tho keystone of the railway share list
any sign Of crumbng affects tho entire arch, and IL
only natural that this should have occurred this
morning. Consequently weakness set in along the
whole line. with result OF decline OF from y TO
per cent.
There was q trail, too, In Lake Shore and Western
Union which scented strongly of Gould. and consdera
bic sales in both these stocks attributed TO his
account Beyond the continuance Of tho war, which
bids fair TO be carried into Africa until ngger
In the fence" is developed which will establish peace
and a bull campaign at tho same moment there was
nothing 10 affect Lake Shore per
4 rith TIrfo FIR
he rival company had another dash at them in the
shape of reduction all press messages which may
be forwarded to the Atlantic cities from and during
The sitting Of the Cincinnati Convention. Tho effect
not important however for the stock only yielded
about Il per cent under tho pressure.
The coal and miscellaneous shares also suffered from
Tho "blues in sympathy with the active lancics
but in q less degree and the Western stocks may DO
placed in the Same category
As Tor Pacific Mail It has shown up about tho strong
Dst OF tho lot opening at %, recedlng TO 24k and
turning at the close TO 24A.
Extreme dulness the characteristic of the
Market although transactions somewhat
numerous than on Saturday An equal division among
040 members OF the Board would award seventy
shares to each individual rs commission producing
medium, in cash. at a fair average, 81 371s. To
paraphrase familiar song, under those conditions
Who wouldn't be broker and
With the brokers' stand.
SALES
The transactions aggregated 9ls0 shares, and were
distributed among thc most active stocks folows:-
New York Central ard Harlem, 1760 Erie, 5000;
Lake sLore 81 800; Northwestern 200; Northwestern
preferred $780, Rock Island, $780, Pacific Mail, IL 800;
st. Paul, $780, st. Paul preferred 2.0Oo Ohio, 700;
Western Union l905O; Wabash. ], 600: c. g. and l. c.
1000; Michigan Central, 1881; New Jersey Central
1850; Pacific OF Missouri, ], 00O
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening highest and
Invest prces of the day.