New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-22
u ...b3. 81
THIRD
CALL-2l2 O'CLOCK P. W
MONDAY. July PIP. ".

With n business of some $4,000 shares less than
on Saturday the stock market to-day was feverish,
rather than strong OF weak. The evidence of real-
izng is still apparent but at every hesitation,
or q disposition on the part OF prices to fall,
they were immed atey supported by the principal
SPECTATORS so that after fluctuations of from 10
- per cent the final prices of those stocks thai
during last week made rapid advances generally
were only fraction lower than they were on Satur-
day night. OF the Wisconsin stocks, the only one
that did not close lower was st. Paul preferred,
which, after rising per cent, closed with final
gain of la per cent %. OF the trunk line shares,
Lake Shore and Erie each lost q, and Michigan
Central lis per cent Erie preferred and c.. c., q.
and |. being unchanged, and Canada Southern with-
out transactions.
Among the Southwestern shares, St. Louis, Kan
sas City and Northern preferred was a marked
feature, the trading in 1t amounting to 1880
shares. with an advance from 4S34, the last price
Saturday, to 511s after which the price declined to
80. and finally closed at 504. The common stock
followed with an advance of lis per cent TO
1918, and later sold at 1Sl01Sl2. This movement,
however had no effect upon the other Southwestern
shares Hannibal and st. joseph common and pre-
ferred each declining Il, Missouri. Kansas and
Texas 80, and st. Louis, Iron Mountain and South-
Il and st. Louis and San Francisco first preferred
10 per cent Louisville and Nashville first declined
H., per cent to 81, but later sold up to 53, and
closing quoted at 52l20527s The dealings in
the investment stocks were small, but their prices
generally were higher, Central and Hudson Il,
Rock Island 81, Chicago, Burlington and Quincy
and New-York Elevated each 81, and Chicago and
Alton from the last sales on Friday 10s per cent,
but Illinois Central further declined to o6l2 fau
Among the coal stocks, during the last half hour
of business, there brisk movement IN Deia-
ware Lackawanna aud Western that carried us
price from 59ls up to 90. Previous 10 that time
the stock had been dull during the whoe Gay, sha a
its price had gradually settled from 59's to the
lowest figure named. Central of New-Jersey thai
before had declined from 530s to 81, also
rallied to 50. The other stocks were aTiet, Dela-
ware and Hudson selling at 4Sl2G4S4, and Morris
and Essex at 9ll2402 Whatever reasons there may
be for the strength recently exhibited by me coal
stocks they do not seem to be based upon
the present or prospective condition OF the Gosi
trade. The Engineering and Mining journal OF Iaso
Saturday, III its usual weekly review. says -
" The week has been an eTceedlnSy gueS
the lowest point reached. Consumers and dealers
appear to be very well supplied with coal and the
outlook is very discOuraging, so much 80 mat there
again talk of an effort TO suspend operations In
case the miners fail TO meet the situation by striking
The labor troubles show no change over a week
ago, and for the moment the chances of general
strike are very much diminished. .'' Although
we fully believe there will DO a large demand Tor
coal during the last half of this year. yet II quite
evident that the output must be considerably re-
dUced for while, or lower prices than we have yet
seen are likely to rule IN a very short time"
Some little life was impaired TO the early deal-
ings in telegraph stocks, but later II disappeared,
and the stocks either were neglected or their prices
were lower. Western Union was opened at an
advance of per cent from Saturday night, at 81,
from which figure it steadily declined To 0O4 az
the close, OF Atlantic and Pacific there were sales
of 200 shares at advance of 4 per cent, and OK
American District Telegraph 200 shares at I'M
changed figures. There was no sale OF Pacific MALI
the quotation for il standing all day AT ii sd lo
At the Stock Exchange the bullion MINING shares
were dull and steady but at the Mining Exchange
there were active dealings in of the low-pricei
shares, prominent among which was Bertha as1
Edith, which declined to 10 cents, against about %
cents menth ago 1t closed with rally TO -
cents The changes among the better class OF stocks
were only slight California and Le.dN lllo being
little higher while Imperial, Cleveland aud hoOso
were "a fraction lower. -,
The general market closed fevorish AMI unsetllcu'
STOCK AARkrL
reported on TIE cod and stock Tetsgrdph CoWPaH"