The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-10
The Stock Market Weaker
and Less Active.
GOLD tO5 IA A los 3-S A lO5 rs A los IA.
Government and Railroad Bonds Irregular
and Generally Lower.


I
SATURDAY, June 0-6P ".
The stock market has been thoroughly depressed
to-day as though tho whole unsod product from the
coal companies mines werc resting upon IT, II in the
nature OF things this avordupos pressure was absent
the financial heaviness OF shares observabiy
present. and bore pondcrousiy upon the whole price
list squeezing tho lite out Of the bull speculation and
sitting like nightmare upon the hopes oil stockhod-
crs. The coal shares themselves The wclter
weights Of the days business, and this morning pulled
down the beam OF quotations TO the lowest point has
touched since the great fall That there
.decper depthsn still TO be reached Is most probable,
judging attendant circumstances and clouded
future. and each day approach the time when some
financial Gbbon IN recording the history Of the Decline
Fall OF the Coal Carriers will recite the story Of
fine properties ruined by tho combined evils OF bad
luck aud worse management There was nothing new
to-day to add 10 the long string of tho coal companies
misfortunos Untavorablc opni or their condition
seem only to have broken out in a fresh place and
with fresh violence. People appear TO have suddenly
made up their minds to the TACT that selling article
al less than the cost Of production losing busl.
ness and that any cooperative plan to prevent is
hopeless. Any prospect OF compact to advance
prices limit production seems 10 be out Of the qucs-
ton particularly II 1t DO true as stated to-day, that
Mr.. Governs promised letter has arrived, and that he
therein perempory refuses TO enter into any agree.
meut or compact whatever With the Pennsylvania
sale OF 200 900 tons, advertised Tor Wednesday,
the large amounts a1oat ana begging market,
and tho general gloomy look which pertains
TO the whole subject 1t but the course OF events
that Delaware and Hudson should drop to Sols; Della
ware, Lackawanna and Western to ~ and Morris aud
Essex 10 g. AS was natural railroad shares did not
escape the depressing influence OF tho anthracite
fanciea After the first halt hour thcr course wa
generally downward, partly for the reasons gvcr
above and purity from ircsh as to chickering's
aud disagreemcnts among themselves In relation to
matters OF pooling bound freight, cutting OF loca
messenger fares aud OF establishing rival freight trains.
The decline was but OF small account however, and
was nearly recovered from at the close. Gold sold
at 1861 tho average price, the rise and tall IN the
premium being elected by the probable shipments
to-day which at ono time wore rated as high as
ST. $50 O0o but eventually shrunk TO $50 co., the ac
tual amount despatched
TIE SALES TODAY
The sales of active stocks at the Board to-day aggre
gated ia 100 shares, which were distributed as lo
lows:-Wesicrn Union Telegraph, l7,0O0 Pacific Mail.
l1o0 New York Central, $500; Lake Shore, 2l.o75;
Illinois Central 400 rJhwcsern, 800; do. preferred,
5000 New Jersey Central l. 100; Rock Island 200; St
Paul 200; do preferred, 36o0 Wabash, 200; Onios,
100: Lackawanna, 23,2u0; Morris and Essex II, 100;
Hannibal and ST. Joseph, lilo; do preferred, 100
Atlantic and Pacific Telegraph go; Delaware and Hud
son Canal H. 500; Michigan Central. 2,s50 Chicago
and Alton $40; Pittsburg aud Fort Wayne. 1907 Ceve
land and pittsburg $50.
HIGHEST LOWEST.
ma nj haeL nd uricn n