New-York tribune., 1876-07-12

Z -. cnnr.
TrFsDAY. JniY LIZ. ".

The course Of the stock market TO-DAY indicated
dispoaion on the part Of general operators 70 cnt
loose from the control of cqucs and act according
70 the dictates of current events rather than follow
the suggestions oi thoa" who predict higher prices
This may be a wise proceeding on the part Of real
holders Of ztocks but those who disposed to sell
that of which they arc not the actual owners ,houa
not forget that the cilues are composed Of wealthy
gentlemen whose greatest desire at this moment
may be a large short interest 80 " twist Lake
Shore opened steady at 5Gi2, but after few trans
actions steadily declined TO 55a its closing price
The decline occurred without any excitement, aud
apparently from steady supply OF long stock tina!
came from sources uuconnected with any Of the
cliaucs. Western Union next occupied the attention
"a operators. Opening az II Il and selling Mt 7il il
was for some time bcll steady by show OF orders
IN the hands Of prominent brokets To buy
at II, on which the Bcalpers banked at
7lls. but no sooner did the stock begin 10
be supplied at II than appeared an equally
prominent spcculator, who supplied the stock down
to 7Oi2 which was followed by break ;o G93i. ard
subsequent rally 20 7Ol4, with final sales at 10
Il ia supposed that the order for Tefercacc' in
the Injunction suit will postpone the July diyi-
dcnd' for at least 80 days. The Granger speculation
also showed signs Of grief, PERHAPS OWING t. "a drop
ot 4J cents in the price Of vheat and 10 declining
ferred that YESTERDAY was bought Oh "Pood poiuisn
at 72i2, to-day declined to 7ll. and Noitli-Nc est
Preferred that q good purchase at 67l2, was
seeking buyers at 66i2. We hear some talk on the
part of ill-inforned partie, TO the effect tha; tine
July dividend 81 Paul Preferred may, M q stuck
jIbbinp movement tho part Of the New-lork d-
rscols, be postponed. 1t j. well enough perhaps 60
inform that portion of the pubic who DO not under
stand it already, that there is no dividend duo on
81. Paul Preferred I'll Oct0her next 1ho.Nortl-
West Common stOck. which showed decline of
ladl2 per cent, was dealt IN 10 80 limited
an extent "a to attract attention. New-fofk
Central is 80 firmly held by investors thai only
10 shates changed hands to-day at I0sls, and of
Rock Island only 100 shares sold nj 1921. Eric
and Ohio and Mississippi were dali and without fea-
turc. The coal-Carricrs steady To lr:u At The
recently reduced pgices, Delaware, L1ckawaaEa.
and Western selling at lOOiy0lcl l4a 1903, aud
Ncw-Jcrs,y CcI:Inl AZ 72i.a122Ic 72l2. Pacific
Mail sold at 26lO2j"s from which IL would appear
that the orders 10 sell Of the "TIansip party hsd
been ro.luced below The prior limits of 25. Tie
market closed weak without recovery at about The
lowest price OF the day. The transactions
amounted to only about GSo00 and The
declines were in Producers 1etroeun, Rock Island
s.. Plu!, and Union Pacific, each Il; Nmtb-We-tem
Preferred, -; Northwestern Common, l.; Pacific
Mail AID st. Paui Preferred. eath Is Lake shore,
5s; Michigan Central /, aud Western Union 3 pen
cent Delaware Llckawanla and Western aicno adj
ysuced d per cent Other stocks closed the ~
OH yesterday. The following sable shows the
RAS5M uF IlH UAREET.
--Aefua. ratcr---- Ulosiug iisis. rhares
op.g hisht i"w''. F1""'. n1d ,r AsSd .Otl
Alssfih.rt Ah.f hs.l,' 5sA 5s4 58 50 5s' sss ss