The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-18
Stocks Dull and Business Confined to
but Few Active Securities.
g OLD 112 L ?.
Money on Call Abundant at 2 and 2 1-2 Per
Ccnt-The Bank Statement Government
Bonds Strong Railroad Bonds Firm
Decline in the Coal Carrying
Railway Stocks.

SATURDAY June 17-6PM)
Stock brokers have roarcd as gently sucking doves
during days business the general sscadness Of the
market calling for particular exerton OF lung power
What little change there in quotations was smil-
ingly received by favored bears while their foes tho
bulls had their laugh the wrong side Of the mouth
There was general but unimportant decline in al
most all Tho active avoritcs due partially to the alb
Of the controlling power and partially to the bad
example by New Jersey Central which showed the
white feather early in the day by dropping from 70 TO
S6,s with sales at IS seller CO.
The passage OF the dividend has not only appa-
renty surprised hitherto confident holders Of shares,
but II had the effect to-day dragging down with u us
anthracite contrerss Delaware and Hudson from los
100 bid, Delaware, Lnckawanna and Western from
l07 1906 and brought out ten shares Of Penn
sylvania Coal oe0 which looks though even this
copper fastened vessel might spring aleak under tho
pressure OF tho combination.
As usual, Lake Shore was ..princeps marimus," but
with smaller following than for some days past
There was falling OF, too in price woll in the
number of shares marketed for the opening figures Of
65h grow smaller In value until they touched 54ss,
from which there rally to IS at the close. Our
esteemed friend Mr.. Mcrriman gave taste Of his
quality in supplying the market with goodly lot Of
tho stock and his appreciated by the buy
Frs, who readily absorbed It.
As for Pacific Mail, II was like
The last OF summer
Left blooming Alone
10 entirely was It neglected, or, possibly, ike tho
woolcn which the carefa housewife put away
In camphor Tor the summer happy disposi-
hon. the moths which have long fed upon its sub
stance, can be kept away.
The Western stocks exhibited strength Of their
own quite independent of the ruling iancies, which
showed tsot in advance in Northwest preferred OF
from 63 to CAS-, and St Paul common from 40E TO
llss, and in tho preferred from 70S to ", prices
which were firmly held at the close Of business
Tho juveniles had quite game OF pitch and toss with
their little favor,.e, Wabash and Western.
Any capitalist Of 5000 power could have possessed
he right quasi title to possession OF 100
shares outset but later in the day the price
bounced up aga rise which must have cleaned out
many OF the spectators tho street side.
Western Union was inclined to adopt the course Of
Lake Shore model of behavior, and accordingly
fell of from 90 to g. and remained for the rest OF
the day The stock has been in good demand for de-
livery for several days past, lending at nnt' and NJ
ono per cent for carrying Union Pacific was FREQ
from moestation though it "pisen sarpent."
and there occurred necessity for placing snoti ne
tangere' signboard over It, nobody had inclIna-
lion to do
AT the end OF business prices recovered little par
ticularly Western stocks partly the favorable
bank statement. why further addition to mar
ke already guttcd should have any effect Of this kid
It is difficult to appreciate.
There are, however, considerable amounts drifting
into tho better Il OF railroad mortgages which pro-
scss while IL relieves the Golfers Of capt. aIists, Offers
he moro important evidence OF returning confidence.
THE SALES TO-DAY.
The transactions to-day aggregated $4,000 shares
New York Central and Hudson River, 100; Erie, 700;
Lake Shore. IS, 700; Northwestern, 1000; do pre-
ferrcd. $500; Rock Island, 1900; Pacific Mail, $500;
ST. Paul, 0,400 do preferred 1900; Ohos, 700;
Western Union, $500; Wabash, 2,ooo Union Pacific,
200; Delaware, Lacxawanna and Western $500; New
Jersey Central 4.1so; Michigan Central. TOO
OPENING, HIGHEST LOWEST PKcEs