The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-11
FINANCIAL and COMMERCIAL
The Stock Market Dull.
but Steady.
GOLD STEADY AT los Ia.
Government Bonds Quiet, States Dull
and Railroads Strong.
MONEY on CALL EASY At 2 AZ 70 PER CENT.
WALL srREEr, /
FRIDAY, August 1916 p. N. I


FRIDAY, August 1916 p. N
Tho shares dealt in at the board to-day fell to the
small number OF 1000, each day during the week
she wing falling off from its predecessor In spite OF
this duness and of the yachting fraternity
who such large proportion oil the available
stock gamblers, the market was strong and showed
signs OF future ability to advance This strength In
tho stock market just at tho present moment 10
worthy OF note, as outside the turns and twists ad-
minstcred by brokers, there seems to be NO crcum-
stances to warran: any immediate advance. Although
money is lending at very low figures and all the large
institutions seem 10 have supcrauous stock, yet It ID
impossible 10 borrow anY large sums upon several
high priced stocks, others holders arc not &C
commodated except at figures far below the present
market price OF their securities Two Instances of tho
cratic movements Of the market were to-day 10 bt
found IN New Jersey Central and ST. Paul preferred
The former rose us high as l2M In the lace
OF tho expensive accident OF ycsterday, Inc
only possible way OF accounting for tho advance
being that the trains arc run at ioss and that
any cessation would be gain to the road In the
case OF the St Paul preferred there has been steady
advance OF twenty per cent although the earnings Of
every week this year havc shown most serious de-
cline from those of the corresponding week Of 1874
Tho following shows the earnings OF this road for tho
first week in August 1876 and 1877 aud tho decrease
for tho other weeks Of tho year been greater than
this 1t becomes question: not OF tho imposs'bliy OF
paying dvdends but oil the possibility that the COM
pany may be uble 10 meet their bonded indeDtcd-
s:-1s77, $4,000; 1870, $l42,l96 Decrease,
$22198 The negotiations between the Western Union
and the Atlantic and Pacific Telegraph companies are
stu the subject of general discussion. II Is stated on
good authority that the proposition to BIO laid before
the joint committee on Tuesday next will consist
of Tho following tcrms:-rhat the two COM
orna1Uo ntnd nntO
swallowing up its rival, and the Atlantic ind
Pacific shareholders Receiving 100000 in Western
Union stock IN payment for their property conse-
ouence Of this would be that all duplicate Offices would
DO abolished and that a large sum would Do thereby
saved rents salaries and other expenses II IS SAID
that Messrs Keeno aud Sagethc latter OF whom Is on
the Committee OF Consultationare holding over two
hs Of tho Atlantic Pacific stock, and that there
will be no difficulty be met with their side II this
proposal be made Such an amagamation az this
would certainly DO for the advantage of both parties
as it would almost double the value of the Atlantic
and Pacific stock, and would enable the Western Union
TO advance their rates all the competing points
To the public would not however, be satisfactory
as they would be obliged to pay the old or some such
exorbitant rates
THE SALES
Tho sales Of active stocks to-day aggregated $4,000
shares which distributed as follows:-New York
Central 73o; Erie, 400 Lake SHORE 70 Ioo; Waoasn,
700; 600 Northwestern preferred 500;
Rock island 400; Fort Wayne, 800; Milwaukee and
ST. Paul, $500; Milwaukee and St Paul preferred,
1900; Delaware, Lackawanna and Western 100; New
Jersey Central, 200; Delaware and Hudson Canal,
25O Morris and Essex 500; Michigan Central 5,0ooi
limos Central 100; Union Pacific. 100; c., G. and I.
c., 1OO Hannibal and ST. Joseph 300; Hannibal and St
Joseph preferred, $50; Ohio and Mississippi, 1901
Western Union, 1880; Atlantic and Pacific Telegraph,
1866; Pacific Mall 100; Quicksilver, LOO; Quicksilver
preferred, 1900 d
OPENING HIGHEST AND LOWEST