The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-20
FINANCIAL and COMMERCIAL.
Speculative Shares Trifle Firmer- Sharp
Decline in Coal Carrying Stocks.
Money on Call and 2 1-2 Per Cent-Govern-
ment and Railway Bonds Steady
Investments Generally Firm.
WALL STREET,
NoNnAY Iune 1Q--d z II.


There was disposition TO let we'll enough alone this
morning. If not even to advance prices but the coal
stocks broke out with a fresh exhibition OF weakness
and alarmed the whole list. Not badly, however, for
the decline 10 other things limited to = per cent
50, and chiefly shown IN Lake Shore, which fell
Oh from $50 to SAX, and in Western Union from 6sA
a6Sk. Indeed the St Paul and Northwestern shares
refused 70 be scared at all, and assumed
defiant front in the shape OF better figures
Tho Old Broad street party, which has been dry
nursing their faypritcs through good and III report
still occupy their former Sairey Camp position and
by careful attention. have succeeded In licking their
bantng into about tho most favorable financial shape
of any railroad securities in the list There Is
doubt that these lines doing profitable business
at paying rates. which is likely to contnUc long
grain flows Eastward and they themselves keep out OF
the cuthroat competition which the great trunk lines
arc INDUCING in.
There Is somewhat Of pause in the Lake Shore
movement, although in magnitude Of operations. It
stood ut the head OF the list There evidence
that the reported manpulators were acting at all aud
the stock left to be guided by tho judge and his
jury Of fellow scapera AZ the very end Lake Shore
rallied up So with rather firm tone TO proceedings
Western Union at ono time betrayed great weakness.
being offered down to 0S7S IN such menacing
manner that there was q general standing from
prominent broker who had just arrived from the sad
sea waves Of Fire Island dashed into the market as
be is do into the surf sashed about with
the result Of uaiing considerable amount OF
stock aud OF marking the price up Co. the highest
point Of the day. Tomorrow the transfer books
close for the promised ~ per cent dividend which
will probably be paid despite reports to the contrary
ana The doubtful sources from which the money has
been procured.
The stocks OF the coal combination do to be
having very cheerful time Of it with all their monop
oily You may load your horse to water but you can't
mako him drink, and the combination may carry its
Goals 10 market but Il can't force buyers Therefore,
their product remains drug on the market, which
bids fair TO physc stockholders Of other companies
than New Jersey Central There a
port to-day that Delaware and Hudson had
swallowed the pill which would result in tho
passage Of the dividend, and the consequence
tumble in the stock from Saturdays price OF los to
l06 In sympathy with the above New Jersey Central
rcceded from 10 IS, and Delaware and Lackawanna
rom 1861 TO l04,s. In the final dealings there was
rally Of about per cent TO supply the short de-
mand and 10 realize the profits OF the day.
As whole the market was dull and pretty much
e the predatory attacks Of the guerllas the COM
handing generals who usually .'shape the ends' Of
matters keeping sedulously aIooL
THE SALES TO-DAY.
The transactions to-day aggregated SO 600 shares
New York Central and hudson River 1850; Eric IT'S;
Lake Shore. 2o,O2t; Northwestern, $500; do pro-
erred. 7,s00 Rock Island, $50; Pacific Mall 100;
81. Paul. 500; do. preferred $780, 0nios, 500;
Western Union, 1880; Wabash, 500; Union Pacific,
100; Panama. 100; Delaware, Lacxawanna and West
srn, $500; New Jersey Central $3.50; Delaware and
Hudson Canal, ESQ.
OPENING HIGHEST AND LOWEST PRIcxa
The following table shows the opening, highest and