New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-25
Central r of N J
Rock Island
Del, L and West
THURSDAY, Aug. PIP. NJ.


The stock market to-day scarcely requires further
comment than to simply state that realities AGAIN
have begun to displace the of rash specula
tion The coal-carrers stocks have continued to be
tho leaders, and have led in the general depression
Large quantities of investors stocks have sought
market to-day because the holders have just awOke
to the fact that official sayings are not
to be relied upon. 1t seems, too, that
some have Just discovered that the Board
of Controls" estimate of the consumption
for 1876 and consequently the allotment to the six
great coal companies for the year 1875, was e,ooO-
900 tons of COAL and that the reduction already
effected in its price upon such aquantlty was largely
IN excess of the total sum $50, 700, 000 paid out as
dividends by the several companies for the year
ended June 80, 1876, large proportion OF which
WAS acknowledged to have been drawn from former
surpluses but really from the sale of bonds. Della
ware. Lackawanna and Western declined to 80, and
after q rally to S1l2 closed at SO4. New-Jersey
Central sold down to 49, rallied to 43, and
then fell back to 40, its final price. Delaware
and Hudson declined to 20, and closed n bid. Nor
ris and Essex sold down to and closed at 80 during
the early hours the remainder OF the list received
but little attention. aud therefore required very
little sustaining; but later it seemed to dawn upon
the minds Of holders of other stocks that shfhKage
of s5O. 600 600 or 100000 900 could not have &C.
offerings prices began to yield all around the
list. Rock Island, which for an hour OF
more was anxiously wanted at 106 and sold
NJ 1O6la later sold ut lO4l, and closed offered at
that. after sales of $3.50 shares with the specu-
latiye stock recently bought at 1852 to 1923 Sill
mnmarleted. St. Paul common declined to ol's,
and the preferred to 67G67l4. As viii be seen py
the report below, this company continues 10 1859
in earnings each week, and to-day 1t was seriously
stated that if the stockholders do not inter-
fere to prevent the payment of the declared Octo-
her dividend ON the preferred stock the bondhoders
will do So At the time OF its declaratlon'
THE TRIBUNE pointed out that the preferred STOCK
was only entitled TO dividend after the
settlement of the accounts sor an entire years busl
ness, and had more right to declare dividend
for six months than for one month. Northwest
declined to 1874 and the preferred to Ga. 1t was
stated that portion of the cliques were relieving
themselves of other stocks to concentrate their
strength upon Lake Shore and the course of the
stock seemed TO confirm such an idea, for its price
WAS sustained by a combination of all the tactics
ever employed upon the Stock Exchange. Never
theless after frequent spasms of vitality the stock
closed at 53a on transactions of only $4,000 shares
Erie, without any apparent new reason, suddenly
broke to S3i, but subsequently rallied to
1Ola. Ohio and Mississippi sold at 1873 to 1lA2
QII5s. Western Union was fairly sustained at TIA
07OQ70ls. The total business of the day aggre-
gated 272, 600 shares, and the market closed weak
The final changes from last nights closing prices
were ms follows: Declines-Central and Hudson, %;
Northwestern, 81; Michigan Central, 7s PACING
Mail, l. Western Union, lis; Lake Shore and
Northwestern preferred, each III; st. Paul pre-
fcrred. 1Gs; Rock island 2ll; st. Paul, 23s; Eric
3ls: Delaware and Hudson, SIC; Delaware. Laeka-
- and ~ trail
per cent. Observation-Disclosures Petroleum, &;
Hannibal and ST. Joseph, Il and Illinois Central,
j per cent. The following table shows the
RANCE OF THE MARKET.