New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-09-09


desvorng TO dispose of his holdings But the at
tempt to sell in the early trading caused quick de-
cline of from % TO per cent and created so uneasy
a feeling among the satellites that perforce
it ceased. and to restore the equilibrium the
old tactics resorted to- and prices accordingly
moved rapidly up, in some cases to the highest
points yet touched since the recent break Lake
Shore. starting at 52052ae sold down to 81 l2
and subsequently to 52as, and sold at 51s4
52ss052ls. Michigan Central sold at l1ss@41SsS
40l2042040bs "a Ais a 40l2 a Ak a 4O0o a 4OSt.
Some anxiety was expressed to learn how an in
crease in earnings for the last week of August of
less than 20 per cent admitting it all to be from
passengers at fares reduced average about 33
per cent secured increase of net earnings Never
theless the price of this stock is undoubtedly low
when compared with the prices of some other stocks
st. Paul, after selling at 31ssd31, rose to 1880
3il2 while the preferred, after selling at 66lad66Ss
closed at &C. Northwest common sold at 370374
but was not attractive at the close being offered at
81 The preferred sold at 60asQ61a60l2. Rock
Island opened at 1912, and advanced to 1853 on
the closing up of shorts and then returned to
1047s0105. Central and Hudson frmer, sell
ing at 105osG 100. Illinois Central improved to
ssh and closed at S534 bid Ohio and Mississippi,
Erie, and the like stocks presented no feature The
coal stocks continue to attract much attention
idly advanced to 33. on numerous rumors that the
company had succeeded in making negotiations for
funds wherewith to bridge over its present financial
difficulties which, as stated in this column last
Monday consist of tf maturing paper of the Lehigh
and Wilkcsbarre Company, bearing IFS Endorsement
After the frightened "bears" had secured their
stock the price dropped again to 29l2 but remained
quite feverish and finally sold at 31ls. Delaware
Lackawanna and Western sympathized but triile
with the upward shoot of n. j. c., selling up to Sl
after having sold at the opening at S0l2G S1dS0A.
Subsequently its price declined to 77s and after
rally TO 1875 closed at ISL There is no doubt
but that the last two dividends of q per cent each
paid by the company were entirely taken from cap
ital account because it is clear that the difference
in coal tonnage between the first six months OF
1875, 100000 TONS and the corresponding pc
Rod of 1876 $4,000 tons, being net deficiency
Of $4,000 tons, must at present prices
have left deficit. after paying inter
est and losses, without calculating dividends.
Delaware and Hudson was less active, but declined
to rs. closing at 75l2. Panama was again without
sale, and remained steTeOtyped at 12GWl3O. Paciho
Mail was weak on light business at 2l4O2l4. The
market for Western Union failed to respond to its
dividend in the manner expected, the highest price
being II IL lowest 700s, and closing 7OS. The gem
eral share market closed irregular and Total
sales for the day are 179,70o shares, and the final
changes from yesterdays closing prices as follows:
Advances-North-West Common aud Preferred, each
ls Lake Shore and U. S. Express, each Il; Central
and Hudson, Hannibal and ST. Joseph. ana ROCK
Island each l2 St. Paul, IS Union Pacific, ii
Chicago, Burlington and Quincy, Illinois Cen
trail, Id and New-Jersey Central 27s per cent.
Decentralization Union, Il Pacific Mail, q; Del
aware and Hudson, 81 /; Michigan Central, Missouri
Pacific, Morris and Essex, and Wells Fargo Express,
each and Delaware, Lackawanra and Western,
2 per cent. The following table shows the