New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-06
THIRD CALL-2:30 p. N.
TUESDAY, Aug. 5-P. N.
coSp oALL-12:3O O'CLOCK p. ".


Seemingly. confidence in stock values, that yester
day appeared to be on the wane, to-day was fully
restored. The liberal disbursements Of the Sub
treasury Yesterday, supplemented by further dis
bursements to day. that exceeded the receipts oveI
So 600, 600 appear to have allayed all fears con,
corning the immediate future of the money market
and, as was suggested, encouraged renewal Of the
speculation. AS a rule something more than
yesterdays loss in prices was reganed. But
it was Lake Shore stock that turned out ia
be first faVorite. Out of the total transactions IN
all stocks amounting to sc, 900 shares, Lake Shore
monopolized 80, 700 shares, at a steady advance
from S2ls at the opening to 50 at the close. This
is the highest price this stock has touched since
September, 1873. In that year the company earned
gross All 509 and the average rate per ton PEI
mile which it received for freight was 1885 cents,
According to the statement for the first half of this
year. 1t is now earning gross at the rate OF about
100000 for the year, and Is receiving somef
thing less than 0725 cents per ton pen
mile on its freight traffic. Michigan Central was
comparatively dull. but its price sympathized with
the movement in Lake Shore to the extent of ado
vance of 1 80 per cent to 1873. Erie stocks were
neglected. the common gaining q and the preferred
losing Il per cent. Canada Southern dull and
steady aud c.. c., G. and i. declined Il per cent.
The Winconsin stocks at first exhibited some tim
idity and hesitated whether to decline or advance,
but later they were buoyant and closed near their
best figures, with gains for tho day as
follows. Northwest and st. Paul each 2ls,
St. Paul preferred 81 and Northwest preferred q pei
cent. Burlington, Cedar Rapids and Northern also
rose 2st to 4S. but on transactions amounting to
only 400 shares which are hardly sufficient to est
tablish market price. The Southwestern shares
generally were better but not very good st. Louis,
Kansas City and Northern gaming d, the preferred
stock o. and Wabash q per cent. The
coal stocks. while comparatively dull, made
GOOD recoyeries from yesterdays decline
Delaware, LackawanDa and Western gain-
ing 1ls Delaware and Hudson IS. and MorrH
and Essex 80 per cent Central Of New Jersey rose
Id per cent To 533, but later lost the advance anq
closed at 52l2 Excepting for ROCK Island ana
PIttsburg, Fort Wayne and Chicago tie invest.
ment shares were hardly as firm. The stocks not
noted were dull, and generally showed some im'
provement from yesterdays closing figures.
II possible, Western Union was duller than ever
its price huctuatlng just l. per cent, closing un
changed from the last price of yesterday. Pacific
Mail was trihe more active, but ruled steady be
tween l4I2 and 1434. Adams Express made furthei
decline to 1922. Among the mining stocks thf
only notable feature further decline for the
fancy, Bertha and Edith, 10 eight cents per share
which price probably represents the full value OF
the property.
The general market closed unusually excited and
buoyant.
RANGE OF THE STOCK Markell