The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-07
FINANCIAL and COMMERCIAL.
The Stock Market Again Weak
ening Prices Lower.
g OLD 112 s. 8.
Government Bonds Firm Railroad and In
vestment Shares Steady-Money on
Call 2 and 2 1-2 Per Cent.
WALL STREET,

TUESDAY June 6-6P MI
Prices were a. strong At the opening to-day as was
Samson when he gave the famous pull at the pillars,
ana became weak afterward did the hero with his
hair cut There especial Dclilah with trenchant
snears to cut away tho buoyant feeling but the separa
ton made, rather desire to reap the profits OF
the rise Of day back than from fear Of posi-
tive decline. Thus the early prices Of Lake Shore,
Western Union, Pacific Mail and St. Paul preferred
the best OF the day, the late ones were the
worst. Since then there occurred general decline
along tho whole line on a desire to realize profits
The amateur stock spectators who were induced TO
ship tho Pacific Mail enterprise at advanced prices
and under the promise OF future fair weather arc be-
ginning to think that the voyage may turn out dis
agreeable after all It s easy enough to put new
at the wheel the past election has done, but it
10 quite possible that the will find the posi-
tion no moro desirable than that of Ixion in Hades
Whatever may DO the reason, the price OF the stock
slumped of per cent to-day, and holders with
atcnuated bank willing to pay to 4per
cent to have the shares carried.
In Western Union the best card In tho present deal
seems to have been played In the shape OF recon-
mcnded dividend and in promised showing Of an in
creased business Some sort OF exhibit is expected
from and will probably be made by the Executive
Committee, but whether the Gradgrnds OF the street
will obtain all the facsn they would like to have
doubtful as tho existence OF the philosophers stone.
Meanwhile opinions as TO its value antagonstic
as the positive and negative poles Of an electric bat
tory, with only the single certainty that there is
shock In allegiance for sidc or the other
The perversity Of Lake Shore, which continues to
hold Its despite the cogent reasons which are
urged for its decline, has somewhat disconnected the
Bnngunc bears who have embarked tho short side.
Commodore Vanderbilt has proved disappointment
In his tenure of hie and the ghous who have hoped to
feast the occasion OF his demise remain banquetless
They still talk Of the fortcs and have eye upon
block Of stock which they hope to shake out from pres
ent holders hands, but they met by the assertion
that the road will show increase Of million In
Its earnings in spite Of freight and passenger
tons In tolls while they quite lose sight Of the nasccnt
improvement In commercial circles which is slowly
struggling into light
The drop Of point in St. Paul preferred was proba-
bly, due to the reaction Of the general speculative list
combined with desire to realize profits on the late
RISE rather than to any change in the condition OF the
road ITSELF
There was plenty Of money offering to-day at az a
Spcr cent which has an i'll look for increase OF
business and rather points to dull and steady market
for the summer days 10 come.
TIKI SALES TO-DAY.
Tho transactions at the Stock Exchange to-day az
grcgated l23 300 shares:-Ncw YORK Central and Hud-
son, 100; Erie. $500; Lake Shore, $4,000; North
western, ZOO; Northwestern preferred, loo; Rock
Island, 150o Pacific Mail 17s0o St. Paul, 5000; ST.
Paul preferred 300; Ohios, $500; Western Union,
s0622; Wabash, 1900; Union Pacific, 100: Michigan
Central 1885, New Jersey Central l,747; Union
Mining Company. 1872; Delaware, Lackawanna and
Western, 6ls
oPESING HIGHEST AND LOWEST PRIcEz
The following table shows the opening highest and
~ i,o