New-York tribune., 1879-05-30
THIRD CAIIr-2:3O O'CL
THURSDAY. May 20-P. "

THURSDAY, MAY 29-P. ".
The stock market to-day generally was duh and
uuinteresting, such strength as was exhibited be-
ing principally due to the example of Delaware,
Lackawanna and Western, which was made tho
leading feature of the days operations The total
transactions amounted only to 14O,98l shares,
against 197,3s1 shares yesterday and 231,.
739 shares on Tuesday. The points" to
buy the stock of Delaware, Laekawanna
and Western were distributed early, and
good points" they proved to be, so far.
at least as the days business concerned, because
the price of the stock was advanced from jSls9
573l to 50G5S7s. The business in this stock
amounted to Al, 200 shares or 30 per cent of tho
total transactions of the day. Delaware and Hud-
son advanced to 40 with only a moderate amount OK
sales. and Morris and Essex rose to ",
but Central of New-Jersey only responded
with an advance Of L per cent, this
stock being freely sold By broker whose patrons
heretofore have been remarkably successful
in their. speculatIons in it. or course the
reasons for the advance In the coal stocks.
measured by any basis of real merit, are as
fanciful as are the schedules of prices for coal
in lime that we're issued yesterday, after an auc-
ton sale Of 900 tons deliverable IN June at
prices some 40 cents per ton less than those named
In the schedules.
The transactions in Lake Shore stock dwndled
down TO the insignificant amount OF 200 shares,
against % 800 shares yesterday and $1,000 shares
on Tuesday, but the price remained STEADY between
7512 and 20 d. Common rumor has 1t that a poor
70 huv this stock was made upa week ago, when
the price was about 73l2, with the idea
that the purchase of $4,000 shares would
advance il to so or more, and that the
stock was bought to the extent Of 10000 shares
and "a high as 761 OF 76l2. 1t is quite likely that
the amount of stock purchased Is exaggerated as In
the case of most Wast. rumors, but that the story
has foundation in fact Is more than probable.
That since the purchases ceased the price has fallen
per cent Is an undisputed fact. Michigan Central
to.dav Welded per cent to 796sG79si; this de-
cline. perhaps, was aided by an offer to sell
the next dividend on large number OK
sbares at Q per cent. This offer. however,
NOV he a cheap method of bearing" the stock,
as the liberal bids made to buy future dividends arc
sometimes a cheap mode of bulng" stocks. Eric
was comparatively inactive, selling at "a i2G2'
27ss. -,
The old granger stocks were dull and III the I'M
tied transactiOnsin them presented no leatures' o
cago, St. Paul aud Minneapolis recovered per ceuo
to 29lo, and Burlington, Cedar Rapids ana Nortn-
ern after rising per cent to 81, closed at 90 lno
total sales being 100 shares at each quotation The
changes in the Southwestern list were trnlng, some
showing fractional gains and other small losses.
Western Union aud Atlantic and Paclnc were
higher the latter recovering per cent OF yestef-
DAVIS decline, hut American District further de-
clIned to 50. Pacific Mail was weaker selling a1
16s,0143,a15 The bullion mining stocks were
higner and strong, Homestake up to 81, and
Standard to 343iU3il2. ., T.,
The market closed irregular and feverish 10,
morrow being Decoration Day, all the markets WIZ
be closed.
RANGE or IHE srocK Market
IA and S,..L TSLs0rInh fIoyuD1nn