New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-09
rHIRD CALL-2:3O p. VI.
FRIDAY, Aug. S-P. NJ.
SECOND CALL-12:3O

The most notable local financial event of the
week ending to-day was the rapid accumulation of
funds in the Sub-Treasury. Excepting on Saturday
and Monday, when for the two days the Sub-Treas-
urys disbursements exceeded its receipts by
$4,000, 900, il has steadily gained in both specie
and currency so that the total gains for the week
are: Currency, $10069,S97, aud coin. $66O,571.
These changes however, will not be fully reflected
in to-morrows bank statement. for the reason that
the first two days of the week the Sub-lreasury
paid out the sum before mentioned
The stock speculation during the week was only
repetition of that of the preceding week. Except
ing light hesitation during two days, the course
of prices has been upward and onward for the spe-
cial leaders, and only to a smaller degree for the
general list. The total transactions in stocks
amounted to 1.33O,5S5 shares, against LIP,
for the preceding week and 906,670 shares
for the week preceding that. OF this weeks total,
Lake shore and the StPaul and Northwestern stocks
con trbuted 631 600 shares. and Delaware, Lacka-
wanna AID Western 112, 100 shares, Lake Shore
,cas the conspicuous feature of the weeks business,
making final gain of G5s per cent at ssh, which
figures are within Il of its highest. The Often-re-
pc,ied story of lease Of the road to tine Central
and Hudson with u guarantee OF per cent on the
stock, was revived and found many belIey-
ers. Whether the story is started for specula-
i've effect or not, there exist many legal OBJ
sacles TO the consummaion Of such plan, if it
were iud ciOus thing for the Central aud Hudson
COMPANY 10 do. Michigan Central advanced to see,
closing at So q, a gain Of 2l5 per cent. Erie early
m the week advanced l. per cent to 2s6s, but the
pressure Of stock was too great, and 1T receded to
27aiG277s. c., c., G. aud l. 0uctuated between 90
and 55l2, closing at 54l2 n gain of as percent.
The gangor stocks were buoyant early in the
week later they suffered material reaction, but
finally recovered, although not TO thtr best prices
SO rs 10 show final gains az ioiloWs NORTHWEST pre-
feTred Is ST. Paul preferred So Chicago, 81 G"uI ana
Minneapolis l. and ST. Paul common and Northwest
common each 25s per cent. The coal stocks gencr-
ally at no time any better than at the prices
of week ago, although they were pretty steadlS
held until after the announcement was maze OF an
auction sale Of coal by the Delaware ana Hudson
Company. The final declines-the last prices not
bpng quite the lOwest-are as follows; MOTIFS ana
Iockawgnna and Western 26s and Central Of New
Jersey 27s per cent. The remainder OF Tue specula-
tive railway Est was less actively dealt IN, DHS gen
orally records final gains ranging rom . 20 30 per
cent. the latter for ST. LOUIS ana o rItcIS0o rIse
preferred Among the investments there were
GAINS for Chicago, Burlington and quincy =, Rock
I.Iaud New-YOrk Central and ILLINOIS central each
/, Fort Wayne y, Panama t. ana chicago anu
Alton 5l2 per cent. go =. w.
Union and the other telegraph stocks, based upon
reports that the new company had ellhef SOU GUY
or negotiating for SAFE. FROM to lnO9, q ta' t
the slightest foundation for Tue reports
Western Union rose from 9OdSco5 70 VI i2G5f ana
Atlantic and Pacific after decline OIL % 10 u, dd-
vauccd to 373s. Pacific Mail also rose per cent 70
fSz6153. without any cause. OF mining stocks it
h oaly necessary 10 remark, IN general way ihab
good properties wero either STEADY or improving,
WhIle the worthless tancleS nave OeeA seeking LOr
zero.