The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-08
The Stock Market Active
and Weak.
ANOTHER BREAK IN PRICES.
GOLD 105 5-S A 1o5 IL.
Government and Railroad Bonds
Dull and Steady.
HONEY ON CALL EASY At 1 ~ A 2 PER CENT.
WALL STREET,


WALL STREET, I ~
THURSDAY. June tsp M
Who nrmnsss in stocks which existed at tho close
yesterday faded away this morning ike mist under
the carly beams OF vcrnn sun.
The coal stocks the first to sbrivo up In obedI
snce TO that dcsccating which wacrcd stocks
OF all kinds have. for the last year So been forced
20 submit to-
This squeezing process has been going for months
past everybody knows. but tho twist givon tho
coal trade by the low prices obtained tho ato auc-
lion sales has been correctly reflected by the
Board price OF the stocks. Whio these latter repre-.
sentatlvcs OF values have renamed comparatively
steady tho actual traffic in the product itsol thor
sughly dcmorazcd. 1t IS stated that considerable
lots OF coal knocked down at tho public sales
havo not been called for by tho purchasers,
and arc not likely to be within the stipulated
time in view OF tho free supplies which are
being hurried to market In confederation OF this
statement learn excellent authority that tho
Reading company have now afoat In this hnrbor
nearly so 600 tons OF coacostng $1,000 per day for
freight charges-for which there Is absolutely
ket whatever In addition It 10 further affirmed that
tho Delaware and LacKawanna Company supplying
the local demand along tho line OF their road at from
80 10 IS cents per ton less than obtained at the
auction sales
On top OF this wc have to-day the announcement
day next 200 900 tons of COAL the Same to DO deliver
able in SIX weeks from Juno Is. With pressure OF
this is not at all remarkable that tho proos OF
The anhracites should have yielded this morning from
to per cent and have failed tho close
The railways which had boon strong in the
morning followed the Of tho coal stocks
inter In tho day-possbly from the bad example set
Ihem there were depressing stories brought to
bear N3
Among tho ci-depant investment stocks Illinois Gen.
trail remained steady, while Chicago and Alton adj
vanccd from 70 to ST. IN face of very damaging
Vey OF IT'S affairs, published in the Indicator. Wo havo
10 means Of judging how true false the statcmcn.
nay be and leave to the company itself tho conduct
funeral which IS peculiarly It's own.
Tho Delaware ana Lackuwanna Company will pay
he scmannual dividend, due July 2, on tho Morris
And Essex stock, Ldus dec.
Sc will Central and Hudson upon it's own stock, 2
pcr cent, July l6 and the Harlem leased road the
per cent half yearly dividend, duo July 2
Tho Syndicate to-day sold 81 900 iourand. half
per cents ut l0l 1915 gold aud interest. holding
pack any further offerings until the London price
nvcs tomorrow
THE sALgs TODAY
The sales Of active stocks at tho Board to-day aggre-
gated 2l1, 100, which wore distributed foows:-New
Fork Central 20 900; Lake Shore. 4.soo; Wabash 3oo
Notth"oo'ctn, A,oovi No'lhWestcru prcieIrcu lsoVV
Rock Island, 10000; Milwaukee and ST. Paul. 800; Mil
yankee and ST. Paul preferred, 8, 800; Pttsburg $40;
Delaware, Lackawunna and Western, g. 600 Delaware
md HUDSON Canal 400; Morris and Essex, 4, 200;
Michigan Central 400; ILLINOIS Central 400; Union
Pacific. 100 Hannibal and ST. Joseph 100; Chicago and
Alton. LOO; Western Union, 1900; Pacific Mail,
5000; American Merchants Union Express, 200;
United States Express, 300
OPENING, HIGHEST AND LOWEST.
The following table shows the opening. highest and