New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-25

hut prices sustained by an exceptionally strong
upward movement for the Lake Shore and Western
20503s shares but Of this total 10000 shares were
contributed by: Lake shore 475O0 Enc 43900 West
ern Union, 81 600; Northwest, 25SO0; Delaware.
Lackawanna and Western, IS AGO. and ST. Paul. IL 800;
leaving 275O0 shares divided between the remaining
s6 TO s6ls pretty steadily advanced 10 ss7 aud en-
after drop to s7l9 ended at Ssas. Western Union
to 92s and then suddenly broke to o. which It
rapidly advanced To %. and closed at 937s Tue ad-
rurhors about lease 10 the Central and Hudson.
Erie active and weak, declining per cent 10 23l2
6S falling 10 % 45SS he wsc S
quiet; Northwestern common recording a final
Louisville and Nashville, after its sudden movement OF
Yesterday, was dull. and Its price dropped to sales at
for Missouri Kansas end Texas, i per cent each for
St Louis and san Francisco common and preferred
stocks, the Southwestern list FROM Il 10 per cen
lower the latter Tor Hannibal and St Joseph preferred
and St. Louis Kansas City and Northern preferred.
The coal stocks failed to sustain the buoyaDcy ex-
hibted Yesterday and declined from y 10 per ceu The
'flment x the predictions mace in Toe Phiade
pha dispatches Friday the iutens aud purposes of
Dir. Gowen's visit to New-York Of course had a de
pressing effect upon the prices OF coal stocks. hut only
because the contrary effect had unreasonably been
the result Of the expectations that those dispatches
raised II is too late III the season for any action
the part OF the companies 10 provide remedy for
the evils resulting from the earlier mistakes OveTprJ
dncton has done rs work in the establishment OF low
prices for coal and any advance that might b. brought
about by combined movement Tor the remain
ing TWO ana One-hat months OF open, haNiHh-
ton would hardly produce an apprecwbe effect
upon the yearly baancesheets Twothrds OF the years
business mas oeeu done ~ an aciuaI loss, Moul anS
allowance OF value for the coal in the ground ana con
sumeIs largely supplied IN advance OF their wants
The Engineering and Efning Journal winch earlier ~
the disposed To take rather hopeful view or
this years coal trade In It's issue OF last saturday says
ls estimated that there are III HIst ndhus ncatl
100000 tons of coal yet while some OF the companies
Lave tlled all stocking ground, ana nave
miles OF cars loaded, the Reading Company has
but a very small amount of coal on nanG The
low prices causing some of the individual opei-
atOrs suspend mining; otherwise, there are no
indications Of decreasing the product 1t j. well de-
mOnsrated that low prices Will not find market Tor
coal. II is "A matter Of stOIage-rOOn. or the
ability to pay for the coal II, therefore, becomes
necessary That suspension Of mining by some, IT not
all the companies, should be brought about by some
means The stock OF coal on hand represents fort
nights production, It will require fully month";
suspension to put the market in even fair shape WIN
ont this the companies must lose more money during
the four months OF this year than during any pew
Gus six months"
The market, excepting for Lake Shore and Western
Union, at the close domOralzed.
RANCE
reported On tie GOtd and stock TsteIr1ph Companh