New-York tribune., 1876-07-27

no sooner were the orders executed than dull and
heavy market followed. requiring a repetiton OF
orders buy in order to restore the buoyant ieehg
And so it worked all day, strong and weak obeying
the signs of the hidden hand" and finally closing
firm for the leading shares. When it is remembered
that Lake Shore, IN September, 1879, sold at Ola;
that since then it has paid out for dividends
per cent on its capital stock, which many
dispaSSiOnate persons believe to have been uh-
earned. and that now it is doing such business
as is offered at rates largely below those preva-
lent at any previous time in the history OF the
country a "bull" movement in its stock at 53l2
such as is now in progress, seems an anomaly
Nevertheless it is true that such combination
exists and exhibits all the pluck and pcrsistency
that was shown by the "bull party" of last Winter
when the stock so long ruled at 65G67 To-day the
stock opened at 53 and after selling at 52s rallied
TO 53s then broke to 81, but finally 'closcd
at 535s. It's competitor, Michigan Central
aft~r opening at 4l3i and selling UP to
1855 on the contrary closed weak at Fl 7s Both
classes of st. Paul stock continued active
The Common sold at 37liG377 7s@3 36l4 is, and
the Preferred at 69l2Q G95sG G9li ia70a 7sa G9l2
When the Board adjourned, nothing was known
relative to the result OF the directors meeting. The
North Westerns were dealt in sparingly, but re-
corded unmportant fluctuations. as follows; 40ala
G4Ia for the Preferred. 1t is to be observed that
the VicePresident and Treasurer of this Company Is
again in print in advance Of the publication OF The
annual report for the year ending May 81. In his
circular Of July 21 1873 he stated the net earnings
after PAYMENT of interest TO he Tl3GG lG7 for the
year ending May 81, 1870. In this last statement,
he SAYS that for tine year ending MAY 81, 1916
"the net profits are little over Tl,lIo.Oco the
same being about .5l2 per cent on the Preferred
stock" We trust it will not he considered imrcrti-
ncnt 10 ask if the net earnings given for 1876, IKE
those given for 1879, exclusive of the drhc.en-
cirs Oh the proprietary roads Ohoand Mississippi
after opening at l. and selling at ll9s broke to
1oa, SubScoucntl, rallying and closing al -, while
the Preferred stock, after selling at l92@ H. raj
lied TO 20ls The coal stocks received heavy blow
Delaware Lackawauua and Western selling from
10ais TO Q5zs and after several fuctuaon, cios"d
97ls. Delaware and Hudson sold at lc0l2 aud
1Ool, but was subsequently offered at 99'i without
hid Npw-Jcrscy Central started out at Gle, AND,
after selling at G2la closed at G3l2. Western mon
during the carly trading active nj Gl'sa '''-,
but subsequently was dull at 70d 70l. Iaclhc Mai
broke away from its anchorage and Threatened snip
wreck n 225s. hUt prompt response To thr can "i
al hands on drcA' brought her safely mp ~ ~''0'
The market closed firm at tie decline for many 't
the leading stocks. The sales amounted to l6booo
shares and thc advances Of the day were in North
West Preferred Producers Petroleum, and s.. Paul
Preferred each q; Ouio and Mississippi . aud Lake
Shore. q per cent. The declines were IA Atlantic
and Pacific Telegraph ); Pacific Mail, i; Lur' ~;
ana St. Paul aud Western Union, zach /; North
West, Is; Rock Island, % Illinois Central rs; ~
Joe and Ncw.Jcr,c, Central, each IL; $. Joe lfc-
f-lr,d, 3. and Delaware. Laokawanua and Western
33s per cent. The following table shows the