The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-14
FINANCIAL and COMMERCIAL.
Stocks Feverish and Unsettled
Firmness at the Close.
G OLD II 2 8 8.
MONEY ON CALL LOANS 2 AND 2 II PER CENT.
Government Bonds Strong - Railway Bonds
Steady-Investmen Shares Irregular.
WALL STREET, /
u


TUESDAY. June 1916 p. N.
.sBristoI breezcs down tho Bay and turf at Jerome
Park green enough to satisfy poet or any other
"rend OF better days. Slapped the life out ofthe mar
tet this morning. Nearly the whole session was con-
lned to monotone OF dulness and there not
sheerfuncss enough gift second class Cheshire
with grin
What littlo did occur 10 the way OF animation was
confined to Lake Shore and Central and Hudson, tho
nrst selling down under FREQ offerings Of stock to 53H
and the second under the same Influences prevailed
yesterday falling or 10 1867 regular, and Jos seller 60
days. The unbclieving in Lake Shore still adhere to
their increduIity ana prophesy much lower figures in
spite Of the evident resistance which the security
shows to greater decline while tho bears In Central
aud Hudson argue that the stock Is selling for
Than worth, and necessarily succninb to the
disastrous which IL sappng the life blood OF the
trunk lines
There arc rumors Of further cutting under OF freight
and passenger rates to-day Whether true not tho
matter Ia being carried snch extent that
OF pucrity, and would appear as simply absurd were
It not the untold injury which It inctlng npon
stockholders and other parties Interested II cunnot
DO long before OF tho weaker contestants win be
forced to tho WALL whiIe the stronger will survive,
exhausted and crippled IN their dividend paying
powers Jay Could who scents carrion like crow,
was again seller OF Central and Hudson to-day, and
would have been followed by hungry flock OF rela-
tvcs and frlenis wcrc they not scared away by the
difficulty Of borrowing stock for delivery on short con-
tracts
An evidence OF this to-day when 200 shares
were bought in ''under tho ruc'' at about TX pcr
cont above tho price which had been ruling in the gen.
era market only be followed by offerings to sell at
per cent less
1t s an application OF the old story touching tho dan
ger OF playing with edged tools. and bears shun the
stock accordingly.
There Is nothing to be observed In regard to
either Western Union Pacific Mail, except that It Is
stated that tho money generously offered to pay or
the floating debt Of the latter Is not yet forthcoming,
and that II may out In which ''hne words
butter no parsnips' after oil
Al the close rather bcttcr feeling prevailed Lake
Shore selling up to 81, Western Union to So, Central
and Hudson lo6,S and other stocks in less proper
tion.
SALES TO-DAY
The transactions tho Stock Exchange to-day aggre
gated 81 095 shares--Ncw York Central ard Harlem
sl35; Eric, 5000; Lake STORE, 90 400; Northwestern
200: Northwestern preferred, 20o- Rock Island, $780,
Pacific Mall 1900; St. Paul, $500; St. Paul preferred
l55o; Ohio, 14o0; Western Union, 1850; Wabash,
1880; Union Pacific, 200 Michigan Central, 8 no. New
Jersey Central 1855; Delaware Lackawnana and West
ern, !, b34; Union Mining Company 900
OPENING HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
Ia If 4 ha dgv.-