New-York tribune., 1879-06-07
FRIDAY, June G-P. ".

The stock spcculation during the week under re-
view was much less active than during the previous
weeks the total transactions having amounted only
to 902 900 shares, against 94l 900 shares for the
preceding short week of five days. Neverthe-
less there were sharp fluctuations that served
to keep up a certain degree of interest III what
seems to be a waning speculation. The prominent
feature of the week was the strength exhibited III
the trunk line shares and the coal stocks. Lake
Shore fluctuated only 17s per cent, the extreme
prices having been ~ and 1913, and the final sales
were at 753s, the same the last figures OF the
preceding week Michigan Central Mt first de-
clinod ia per cent but later rallied per cent,
closing mt loss of 2l4 per cent. Enc,
after fuctuaung within range OF III
per cent in final sales showed loss OF
only Is per cent but Canada Southern, the
total trading in which amounted only to l, 500
shares for the week, declined gig per cent to %,
finally selling at .56. The speculation in the
coal stocks was aided by the supposed advance OF
25 cents ton in the price of coal for the month OF
June, and Delaware, Lackawanna and Western was
pushed up to 6012, Delaware and Hudson to 51'S,
Central of New-Jcrsey to 5234, and Morris
and Essex to 92l2; but i'll final sales Del
aware. Lackawauna and Western showed a
loss for the week of Is per cent, and Delaware
and Hudson 21a per cent, while Morris and Essex
had n gain of L. and Central of NewJersey gain of
per cent The proposed advance IN the price OF coal
is more imaginary than real. II Is true that some
sales have been made at from 10 TO 10 cents ton
above the lowest prices but IL IS remarked tnat llc
buyers arsdscOvering that the coal delivered IS
"slaty," and that they do not want 1t; hence the
tendency of the market is downward.
The Northwestern and 81. Paul stocks were strong
in the MAN, but III the end the only one which
showed material change from the price OF a week
aro was st. Paul common, which. after selling as
high as 523s, ended at 51l2 against 3O'S last
Thursday. c., c., {. and l. was weak during the
Il. s.Y,1p a A.
tions declined per cent of which li2 per cent was
recovered. The speculation i'll Louisville and Nash
willie was disturbed by report that about Zo,OOO
shares of the stock held by the City OF Lousyllle
and other corporate bodies were to be sold ana the
price declined from 62 to 532 but on the announce
ment that the question of sale OF Louisyies STOCK
must he submitted to the voters OF the city,
there was rally TO 80; the hnal sales were
at 553i. The general list OF iow-prced western
stocks where any material changes are shown,
is lower; but the trading in these Stocks
with the exception of Wabash, Hannibal
and ST Joseph and Ohio and Mississippi, did not
for anv one stock amount to 10000 shares for the
week The dealings in investment shares We're eX-
ceedingly light and prices at the end OF the week
abnv weya a week ago. Now-fork Elevated stock
fuctuated between 1924 and 49, hnally seiling AT
1s5, per cent gain on the weeks business; GIion
Pacific at one time was notably stiohg ana sou up
to 1913, but II closed at 10; .,..
The total business in Western Union, Atianuc
and Pacific, and American District Telegraph stocks
amounted only to $4,000 shares, and they We're re-
markably dull after the great advance III prices
which had just taken place; Western Union iiuc-
mated 2 per cent and closed with a loss of Is per
cent Atlantic and Pacific luctuated per cent and
closed with loss of - per cent and American DIS
trict 1uctuated per cent. closing with loss OF
Oh Der cent. The conspicuous changes III express
etocks were decline of 23i per cent IN Adams
and an advance OF 2l2 per cent IN Wells Fargo *
Co Toward the latter part OF the week a smart
turn was made in Pacific Mall which carried IT'S
nrice mn 10 s3, an advance OF 33i per cent from
the lowest price Of the week 1 % but & rnndv the ds
ni;yci . ner cent and closed weak, The bullion
mining stocks we're active at both Boards stand
ard carrying off the palm at the stock eek, E1GhaInge
ON and closing at 3O7s ex-dividcnd of 80 cents per
share. Holnestake was less active but stronger
and aftera decline of a per cent from the highest
price of the week, showed final gam OF i2 per
cent At the Mining Board the dealings IN the bet
Ter class of stocks larger than they had been
before, but IN the majority OF cases the hI9hes'
thongh the reactions did not exceed fractions OF
dollar per share.