New-York tribune., 1879-06-06
THIRD CALL-2:3O O'CLO
THURSDAY. June 5-P. NJ

The volume of business in stocks to-day again
showed n decline from that OF preceding days. the
total transactions amounting to 1l7,5Oo shares
against 1860 shares yesterday and loZ,oOo
shares on Tuesday. The feature OF to-dayS market
was Pacific Mail stock. which there was an ener-
ootic inward movement for which it is difficult to
discover any cause that is not purely speculative
The company has executed contract Win
the Panama Company that releases the
Panama Company from its liability Tor claim
that the last report of the Pacific Mail Company
set down as an asset Of about $2OooOO. In con-
sideration of this release the Panama Company
reduces its monthly charge for transportation
$4,000 for the space Of two years Yet the
monthly PAYMENTS by the Pacific Company to the
Panama Company on account Of principal ana
interest of debt, and for transportation,
remains at the sum of Sill, 900. sum which Pres
ident BabcOck said the company could not pay II
At lost It's monthly subsidy from the overland rall-
roads This It has lost. and there seems 20 De nite
probability of its renewal although We learn that
certain of the spectators III faclhc NAN
stock to-day were active IN irving 10 III
duce the managers Of the railroads 10 renew
the contract for thirty days at least, so that the
fact might be announced III the newspapers we
learn that the application was refused: Inc
first price of the stock was II, from which there
was "A decline TO 1858 and then steady advance TO
1Slo al which figure II closed. The transactions
iu the stock Amounted to $4,000, or nearly one
quarter of the total business IN all stockS
The general market was duil, and with lew cXCep-
ilons prices fuctuated within the small fractions
OF | per cent. ne trunk line shares were hardly
as strong rs Yesterday, prices yielding lS or 4 per
cent with Canada Southern, as an exception, down
/ - per cent at 90. OF the GTaugers Northwest
common showed an improvement of o per cent, the
ST. Pauls beng comparatively steady and hIln
Louisville and Nashville was exceptionally weak,
declining from 50 70 56l2G57l2. Tue Hannibal and
ST. Joseph and ~. Louis Kansas City ana Northern
stocks were a traction higher. wnle Wabash de-
Cllned to 3Gl2G3634. Union Pacific advanced 81 10
75l7. The lignt faucies were neglected, and the
lutte trading there was in them was lnslgnIncaut
excepting for Dino and Mississippi common, which
on sale of 800 shares advanced to 15I2 Western
Union Telegraph was dull within range of g per
cent Atlantic aud Pacific "A higher, and American
District a lower at 67l4.
In the bullion mining stocks there was quite
shaking up for Standard that declined from 30
TO }O3l finally selling at 81 4. IL seems that the
inside workers" of this stock believe III the Call
fornia mode of operating, and propose that Their
stock shall fuctuate. At all events, the movement
of to-day evidently due 10 the fnesse OF
operators whose perman mt interest Is on the side
OF higher prices. HOmestakO also declined per
cent to 3Sl2. At the Mining Board prices generally
were shaded, but the demand for stocks supposed
TO represent real values was falr
The general market closed dul and Irregular
xANGE STOCK HARkEL
AsTeDortod by tie GOld and stock TstsgrGoh ComDGRu