The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-12
The Stock Market Very Active Decline in Goal
Stocks and Advance in Railroads.
GOLD 1O5 A 1O4 7-S.
Government Bonds Weak and Lower, and
Railroad Bonds Quiet.
MONEY ON CALL EASY At IA 2 PBR CENT.
WALL STREET,

WALL STREET, I
MONDAY. june l1-6P N.
OF the TRANSACTIONS which to-day aggregated more
than 264 900 shares nearly half from dealings
in Delaware and Lackawanna alone. 1t must be
membered, however, that this stock Is issued in
$50 shares the total sales recorded should be halved
before being added in with those Of the generally
active stocks. Taken either single or double, they
were amentaby large, since they the expression
OF painful scurry sell rather than eogcrnoss TO
buy. As the traditional pudding was proved in tho
eating tho above fact proved In the decline in
the market price, which fell OF 2 per cent during tho
session. The experience OF Morris and Essex aud
Delaware and Hudson worse still the former
falling of and the latter cent. In tho afternoon
matters looked better and a decided rally set In,
which, however, failed TO hod. though ut the end some
recovery made upon the worst figures Of tho day.
A most unmslakabc grow IS given vent to by the
coal people in respect 10 the action OF the Pennsyv-
MIA Com pany Offering 300 600 tons at auction in acc
OF the present depressed state OF tho market II 10
claimed that they thereby making bad worse and
that a corporation we'll able TO stand the racket OF
runous prices they using this advantage to drive
rival companies to the WALL II is possible that there
may be more truth Than fiction in this belief but il by
no means follows that tho Pennsylvania Company Is
entirely tree agent in matter The policy Of the
Reading Company appears be market the greatest
amount OF coal possible at whatever prcc It will bring
and this cndeavor il is said they have invaded the
territory occupied by the customers OF tho Pennsy
vania Company and have supplied them at cheaper
rates than the latter company have been willing
to make Such action is acknowledged to
DO cosus beui tho world over, and
the Pennsylvania Company can scarcely DO
expected to rest quietly and the ground away
from under their feet Still further, this company
well TO do It is, is scarcely in position to stop
work and leave its coal unmnod until tho advent Of
better times. Apart from the loss certain 10
from the flooding OF mines and the disuse Of
Chinery they under contract TO furnish the Eric
Railway Company with stated amount OF coal freight
per annum failing to do to pay nifty cents per
ton upon such quantities may fall short OF the stipu
lated amount Under these facts the Pennsylvania
Company appears upon the warpath, satisfied TO en-
dure present Ills rather than to ny TO others Il
knows not or While tho anthractes wore depressed
the railroads werc strong and better. Mr. Vanderbilt
having returned saio and sound, his presence is
supposed to cxhac pcace-creuting influence and to
restore ariihmetcal symmetry the SKIES and
into which the trunk lines have fallen IN hts absence
Among the strongest stocks the list was Western
Union least TO the time when II was known that
the Executive Committee had met and recommended
dividend Of u per cent 70 be declared BY tho Board
Wednesday next Aiterward the price unaccoun-
ably Tell of and the quotation only moderately nrm
At tho close Government bonds wore fractionally OF
from urday's price, the only news concerning them
being that Secretary Sherman would call for $15 600
nve.twcnies tomorrow.
THE SALES TO-DAY.
Tho sales Of active stocks at the Board to-day aggre
gated .S42 shares which wcro distributed as fol-
New York Central II, 600 Erie 100; Lake Shore
$1,000; Northwestern, 500; Northwestern preferred,
R025 Rock Island, $3.50; Milwaukee and St. Paul. ooo
Milwaukee and ST. Paul preferred, 5000; Pittsburg,
100; Delaware, Lackawanna and Western, l13,220
New Jersey Central, 400; Delaware and Hudson Canal.
l4.960; Norris and Essex, 24,sS7; Michigan Central,
2,ooo Illinois Central, 7oo Hannibal and st. Joseph,
300 Ohio and Mississippi 200; Western Union, 90 500
HIGHEST AND LOWEST.
no I'll uinnu no hichasl lnwAat nYcea If