New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-06-05

bappened with Illinois Central But as the movement,
""if IL 6ctitions. of course it could not and did
and nrices again fell off in some cases to
~ ~, LET If the day. 1t cannot be disguised that
49, German element which has assumed the leader
lin of the speculation in the Granger stocks DIS
Ivs much greater degree of pluck-if perhaps less
si.cretiop-than do their native oonfreres, who
,ooninnlate the trunk line and Western Union
A.oals. therefore in movement of this sort there is
: oreater dash exhibited in such stocks as Illinois
Co1trol. Rock Island and St. Paul preferred,
.bon in Central and Hudson and Lake Shore The
',o,, poolif one there be, as indicated by the
toordnary multiplicity of points to buy-in the coal
lis seems TO struggle against the force of facts
d events but far successfully, as to keep prices
soction above the lowest yet touched. The latest
inf is rise in Morris and Essex on the payment
Of the July dividend, 1t being given out as certain
60 he Maid although il is perfectly understood that
che Delaware, Lackawanna and Western Company
will have to borrow every cent of the money with
,bcb TO do it yet il is imagined that its payment
will restore confidence to n sufficient extent to en-
obe the pool to sell out at profit. Perhaps it may,
lint II will not be on any demand to purchase com
inc from the directors of the companies or from the
public.
The total transactions Of the day aggregate 2O4.-
900. of which Lake Shore monopohzed $4,000. with
fluctuations rs 1OliOWS. 100 o-o~ '~a NOii
trail and Hudson, after opening at ssh and selling
at ~ was sharply rallied to S9li, only to close weak
at ss5s. Michigan Central sold at 3SA@37A2@
9ol,a3S3l There were no Tumors ailoat calculated
40 affect the prices of these beyond a mysterious"
cvnresson of hope that with MIR. Nanderbllt'S re-
tnrn from Europe the passenger difficulties would
h, happilv adjusted. But nothing was SAID regard
inc the much more important matter OF las expressed
bv q prominent railroad oilcial) tie total want OF
. freight business on which to cut rates" St. Paul
pref,rrcd was active. and declined from ASS 10
47Ss later rallying to Ash, and closing al 4'%l'
Suhioined we publish the earnings OF this company
which confirm THE TKBUNI'S estimate lhat NAY
would bring the loss for the i've month business
as compared with 1876. to above TaOocou. II
seems fhey also fall below those for SO therefore,
10 comprehend the full significance OF the HSuiVs II
is necessary 10 know that 1870 was a ituIINapt4
poor wear the first five months of which showed
S41GO2 loss from those for So or IN other words,
the earnings to May 81, 1879. were @3,31o,I'4;
against - 3704 400 for 1917, decrease as compared
with 1874, 81 ,2217l4. North-N estern preferred
declined from 1858 TO IS, later recovering
TO 4G1f and closing at 45bs. The COM
mon stock of each of these companies
wa dan and steady. Rock Island opened ut 81 4,
advanced to 91Hs, and then dropped to SOL; this
stock was also sharply advanced to 9l3s and
single bid made of 9ll2 for 600 shares; after
which 10 again declined TO 9O3sd9Ol2. Illinois
Central sold at Isl 2G - a 523id 30 's01l L, and
Chicago and Alton at 76d77Ss. Delaware, Laeka-
wanna and Western was largely dealt IN between
fairly active at 36G35 l2G36l20 3Ols ana Morris
ard Essex strong at 6Gl@a GS'406o4 western
Union made dip TO 1884, recovering 10 6l, ana
closing at 603s Pacific Mail and the Expresses were
quiet and steady.
GANGE or rilE MARKET AT TIE STOCK EXCHANGE
--AcJuai ,uicA--- Clonns BIDS SHARES