New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-06-07

The market opened steady, with prices IN one or
- ,n,oroos sI,dc HIGHER than last night, but IL
soon became evident that the supply OF stocAS "''
in excess of tie demand, and prices consequence
receded closing the day with only iiaeuonA' ~
cotton from the lowest prices. Western Union was
the nrnc;pa stock of the day; opening at Go'i ana
ouicLly advancing to 7O1s it subsequently weakened
to 6s7s with final sales at Co. Ii was currently
reported that the statement to be suomitteo a' 'n
meeting of directors tomorrow would sho" esur
matedD net earnings for the quarter ehuins
June 30 of upward of S1,OoO,ooo' OF aoou'
S69 900 in excess Of the net earnings ioi
the corresponding quarter of 1879. Lake Shore i's
the leader of the railroad speculation opeheu al
but after the demand for about l,0oo shares n"a
ba ,unpIie6 the stock quickly went to 81, at winch
price about 5000 shares were TAKEN ana thon "
531o. subsequently, rallying to 53aa at the close.
Michigan Central played its usual game OF ioilo"
YOUR leaderD and declined from 4S to AZ '4@f''s-
Tho st. Paul stocks lost part of their buoyancy on
the more dubious look for dividend on
the common stock, which sold from 4OS4 down
to 39&a397s, pulling after it the pre-
ferred from 7Ol, to GS7s960. The "colored
troops fought brayely" however, around the North
West banner, only permitting decline from last
evening of Q, per cent each class OF STOCK, lhc
Common selling from 413s to 4Ol2, and the Ile-
ferrcd from 62li to 81 Il. Erie was heavy at the
opening at 11l2, but did not sell below l44. ONO
lost all the gain Of yesterday in tall from l''s W
179I7l. Pacific of Missouri suffered a de-
cline of Dig per cent to 10, owing 10 the
progress Of foreclosure suits. The usual support vi
40 bid for New-York Central being absent to-day'
the transactions were limited to sales oil Z3o shares
at 1lOa 1898. Illinois Central sold at o6'4~V''i ~
which il Il per cent better The coal stocks again
showed some feyerlshness, owing 10 doupt7 'S "
what NAV be the July dividends. Delaware, Lack
awanna and Western sold at 10SGloISia lo' - anu
New-Jer,ey Central at SJli0S5l20S5. Pacific Mail
was more active than it has been forsevera dayspast
but at declining prices 1t sold to-day at 2G's0 26Si
ao53td2ca2J3sa 26ls62J3sG2Jos. The insect
lancous shares were quiet but firm, Delaware ana
Hudson Canal at 40, and Producers Petroleum at
lI75sGllS Express shares were firm, Adams AT
100, American ut G3ls, and United states at 49,
while Fargo continues active between W. ana
o. with a good investment demand. In answer 10
inquirirs we would say that the profitable contract
of this Company with the Central Pacific
Railroad does not expire till 1850. Tho
managers Of the Central Company are among
tine prominent holders of the Express stock,
aud are interested in a continuance OF the contract
ia question. The banking business OF Nells-fargo
is said Ia be largely the increase of late, ana ~
reported to pay II per cent on the capital employed
Tho surplus assets of the Company now amount 10
about ~ $50 900. The volume OF business III sto, kS
to-day was somewhat reduced from that of yest'r-
day, being bat l17,O00 shares against ll3, 700, ana
the market closed feyerish and irregular Inc
declines IN prices for the day were in Rock Island 8
per cent; ST. joe y; Del, Lack. aud Western, Erc
~ j. Central, and ohio and Miss. each i2 Lake
Shore. Western Union and Nj ,higan Central each
~ ST. Paul e. and st. Paul Preferred, III. wabash
and American Express each advanced Is North
West. u; Wells Fargo, 81 Illinois Central, Pro-
ducer,' Petroleum. aud u. s. Express each l., and
Northwest Preferred, 2. per cent. The following
table shows the