New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-09-03

Although the general speculation to-day exhib-
tied more or less frnness. the principal features
were the de ngs in the coal stocks which amounted
10 67 600 shares out Of 10000 shares. the total
transactions in all the stocks for the day. The
question OF combination combination was the
subject OF discussion throughout the day, persons
seemingly taking the affirmative or mega
tive eiie according 20 their interest IN
the stock market Those who particularly wish for
III CHER prices for the coal stocks very positive
In their assertions that the letter OF Mr. Gowen and
MIR. D,cksou's reply open the way TO the formation
of n permanent combination. But why. after the
experience Of SIC and 1878, such view should be
taken. with the idea that combination in itself
will prove % any advantage 10 the coal com
nanies passes comprehension. All Of the coal
stocks now are selling at higher prices
than they did at any tine In 1873. while
the last combination was in existence. Never
theless il seems TO be the opinion OF the large
speculative holders that a continual talk about
combination VIII be Of benefit 10 the properties, no
matter what may be the Interior result should such
an event take place. At present there seems TO be
little likelihood Of Mr. Goweas letter resulting in
ANYTHING more than already has been accomplished
AN effect upon the stock market
At the opening this morning. Delaware LacAa-
wanna and Western started az D., and from
that point wa- rapidly pushed 10 5ei2; later the
price decline 20 57ll and The dealings III the stock
b
shness until toward the close. when the price again
was rapidiv advanced from 57l2 to 5S2, closing al
The latter figure. The other coal stocks were moved
In mn d the same manner, with final gains a. fol-
iovys. Delaware and Hudson Is. Morris and Essex
:, and Ceutra OF New-Jersey Is per cent Inc
snaculafion IN the trunk line shares was
tame: Lake Shore finally losing L. Michi-
gan Central gaining y, ana Erie common and pre-
frrred each = per cent; tNe total Transaction IN
the stock. named amounting 20 only l4'OcO shares
Among the ggaugers. excepting. for gam OF 2
per cent for Chicago, ST. Paul and Minneapolis, the
cnanges either were Insignia ant, ana the al
inrs were com paTatively SO small rs 10 Indicate
decline n the general interest IN those stocks. I
Burlington. Cedar Rapids and bern. howrVrr |
continued 10 be active small business It's /
fluctuations ranging from 69Ss 20 90, with ina /
sales at 90. a loss Of per ceut.
The Improvement noticed yesterday IN the Sonih- |
western railway list VA cOntI Ted to-day. ana next
10 the coal stocks was the feature Of the market
Even the Hannibal aud st. Joseph issues. IL tie |
face or the company's heavy decline IN earnings. |
show gains of l per cent for each class. hansas
Pacific was 10 per cent higher: Missouri, Kansas /
and Texas gaming u, ST. LOnis. Kansas Clty ami
Northern preferred =. and Wabash is Der cent.
All the L. LOUIS and san Francisco issues were . 20
J. per cent better. The Ohio and Mssissippis we're
l0vyert the common stock IN final sales
showing loss OF = and the preferred L per cent.
But little business WIS done In the investment
stocks and therefore the changes ~ them are not
worthy of nOACc. Among the miscellaneous secuIl-
IT, Western Union while dull, declined per
cent 10 93 finally closing at 93ss. ana Pacific Mail,
wish "a small business yielded from loA2 % i1's2
ISIS The transactions in the mining stocks were
opi. 70 "a small Amount, ana without noteworthy
Change no prices.
The general market strong al the close.
run efuT A