New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-07-21
SALES FROM pig O'CLOCK TO CLOSE OF BUSINESS,
O'Clock
Terre ITaute lst
THURSDAY, July 20-P. ".

After dull and heavy opening of the stock mar.
ket to-day, there occurred sharp rally in prices,
which indicates that the bulls not yet so very
dead but that the application Of powerful galyanc
battery may still produce spasmodic movement.
The announcement in to-day's TRIBUNE that the st.
Paul Company had recently for at all events since
the payment of the last dividend in bonds)
sold about $1,000,000 Of Its sinking fund
bonds, made it necessary to watch and
guard the stock Of the Company with
especial care. Accordingly, after decline to 70ll
for the Preferred, the price was pushed up to 71ls
and closed at 7Oai, while the Common, which first
declined to 3S7s, was subsequently carried to 3912
and then dropped to 39ls. That the movement was
purely one to brighten of all other sellers and
gain control of the market shown by
the. weakness of the sinking fund bonds,
which declined TO 80 against 913l092 few
days ago. Lake Shore, after selling at $3.50
a 53l2 sharnly rallied to 3D. but almost as quickly
returned to $685. its closing price Michigan Central
improved from 45lt TO 46li, closing at 4Jl2 Tho
Northwest stocks displayed their usual activity
within range of las per cent, the Preferred re-
cordng gain of Il per cent at the close Consider
ing that the point to buy the consolidated gold
bonds of this Company has been as industriously
circulated as was that on the ST. Pauls not few
began to question to-day whether not some fur
the public during the recent advance. The reason
ing is, if the st. Paul Company, which reports an
increase Of earnings for the six months Of over
100000 has found it necessary to realize some
$500 900 in cash from the sale of bonds, why should
not the Northwestern Company, which reports no
material increase in earnings have found IL
equally necessary to have realized certain
sum in the same way We have 10 knowledge
upon this subject, and simply repeat the tax OF tho
street. The dealings in the other railway shares
were uuimpor.ant and the fluctuations were con-
lined within narrow limits. Western Union was
weak from the start at 7O75 TO tn close 40 1873
having in the mean time rallied from the
irsr decline to 703s 10 7U's Pacihc Mil was
more active than Of late aud consequently
wet~r, selling at 2434G23's. There
was some tain, TO thc effect that the steamer Toxic
would have TO De locked 40 san Francisco and I'M
dcrgo repairs at considerable expense. It may be
remembered that THE TRIBUNE stated something
very ike this when she made her lat trip 90 China
last Autumn; and 10 seems go goes the report that
since chat trip she has been lad up in
ordinary Taking the market as whole,
the dealings Of the day were fcaiureeSs,
and the efforts putforth for rallies may DO. be con-
sdcrel as having been cmiueutly successful The
market closed rather soft. The trade aggregated
only $1,000 shares, and the gains from yesterdays
closing prices were in Central aud Hudson and Eue,
each X, Delaware, Lachawmna and Western,
Nor.h-Nes, Preferred, and ST. Paul Preferred, each
j. per cent. The declines were in ST. Pau. Common
Isl Producers Petroleum, d; Western Juon' -
Panama and Union Pacific. each !. and Pacific Mail,
Is per cent. The following table shows tho
RANGE or TUE MARhEE