New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-15
Is FROM pig O'CLOCK TO CLOSE or BUSINESS, 3
MONDAY, Aug. LIP. ".


Tie week opens on the Stock Exchange with
continuance of the dog eat dog market, which
formed 50 large proportion of Last weeks traIs&e-
TONS Immunity from ceAsure ~ discipline always
did encourage bcldueSs in culprit and the iue
seems 70 hold good in the Stock market FOR the sls-
TEN Of matching orders daily assumes more and
more unbushng eirCntery. The market this
morning opened firm along the whole line,
with Western Union 20 the principal feature, then
Rock leland, and lastly st. Paul Preferred. The
frst named opened al Il d, but quickly sold at ~
price that secuted TO bring out considerable stock,
80 that it for Il time stood steady al 717ea52, but
subsequently a favorable moment WAS seized ID
mark the price TO 72la, which however couLl not
stand the pressure of stock Tor sale, and conSe-
quently the price returned TO IFS. Rock Island,
after opening at 1862 bid and sales, sold
nj 1O6is, from which price it was
quickly lifted &c lO65sd 1908. one broker
buying 20o0 shares a. 106's, the last 1880
shares Of which seemed TO be a surprise 10 the buyer
particularly as the stock was delivered imne-
datciy, aud thereafter this stock was dH aHd
M neglected at SlOG;s4 1GGl2. Finally. 81. Paul Pre-
ferred after having Yibraicd between G9i2GGJSl.
was wanted in large quantities at 7Oa7Oll. and
closed at the highest price. or course this move
ment has an object, and every one has perfect
right to guess for himself what II Is but II does ROT
probable tat people are likely 10 NC
INFO buying ST. Paul Preferred at about 70,wlonth,y
recolleet that the highest price for it, with di'-
dend of pc. cent in bonds attached, 81; thAs
this dividend has been paid requiring an issue ok
over s;s00O0o, and that since then the company has
sold over 81 900. OO0 OF its bonds at discount of
about 10 per cent, and proposes to nay bNhchd OK
81, per cent in cash, which inquiries not
quite One-haif the sum realized from the
bonds But perhaps ID may. lhe CONE
mon stock which not much uaded IN,
sold from 81 70 1913. Northwest Common
sold M 3aG }9li 100 shares EACH brt the Prf,lied
svmpathzci with the NJ. Paul moyemeut 10 tie ~
tent Of advancing from G}la G37s. The report 4
this company when analysed simply furnishes
another Illustration of the trdth vi t.c ada.e III
is NOT gold that chtters" Decreased assets against
large reduction in maintenauos 0f roadway ami
equipment that have had 10 perform heavier work,
al least do not look well aiohl side OF LARGE ch'rs
to construction and an unpaid floating debt Lake
Shore has been duh but under Il free supply of Jtock
the pnce declined from 5il2 to 81 4 in the iaseoi
the strength of tbc Western list. Michigan Centf'h
while active has stayed between I32s and l2's VIA
final sales nj 40. Tho coal carriers stocks to-day
were very much neglected, and therefore ttea'J'
Jersey Central sold at 6ii2doi A0tlSs, Delaware
aud Hudson a. 90l2a Sol4a9o, and Delaware. LaeA-
awanna and Western at 0Ilgee5c9ASs, WHO
Morris and Essex made a further dip to 9Oi@~
| o. Evidently with the intention Of susianhs
! Delaware Iackawmna and Western in the iao0
of the decline in the price of its guaranteed Morris
and Essex, there az some talk about the possionS
| of the lease beng broken, OF Delaware LArh"
wanna and Western defaulting upon the reai'a' %
the Morris aud Essex while continuing TO pay Wv
bends upon its own stock, and the case OF th' o.
sylyana Central refusing 10 pay the interest %"
bonds Of the c., G. and |. c. was cited as wna' HiA