New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-08-22

rHIRD cALL-2l2 O'CLOCK P. ".
TnuHsnAY. Aus. Or. NJ

Y.
T1o6ealinrs iu stocks to-day developed little more
%b,ua brokers' market Opening weak for the gem
oral list OF speculative stocks, there decline
If from D, TO p per cent from Yesterdays last
eenres That was followed 10y a steadIer feeling
and rally. and that in turn by a succession Of fuc-
tnatioUS; bat IN such manner that undoubtedly
the majority of operators left the Board with an
impression that the closing prices tonight were
much higher than the last prices of yesterday Yet
with the usually active stocks the gains. where
there were any, did not exceed the small fractions
The business IN stocks amounted TO 1i77OO shares
AGAINST l73,2OO shares yesterday; the principal
transactions occurring in the same stocks which
lately have attracted the bulk of the business
In the final business Lake shore and Northwest
preferred each show gains OF d and Northwest COM
mon of Is per cent. st. Paul common ana
Michigan Central were unchanged, 81. Paul
preferred declined Is, and Chicago, st. Paul ana
Minneapolis - per cent. Not much business was
done i'm the Fries but the common early yielded IS
per cent and later recovered TO 1854, its opening
figure the preferred closing with loss OF 4. The
duIuess and persistent heavness Of the Erie
stocks, after the numerous points" that have
been given that they going very high, Is a sad
disappointment 10 a large number of small oper-
ators But II should be remembered that the official
reports received by the way of London OF the re-
suls of the companys business for the eight months
ended May 81, have failed to confirm the unofficial
reports that had been circulated here.
The coal stocks were the strongest in to-day's
trading; Delaware, Lackawanna and Western ris-
ing to ISL Delaware and Hudson to ASS, and
Central OF Ncw-JerSey to 52l4 all closing at their
best figures. meetiDgin Philadelphia of several
of the prominent Schuykill miners furnished pre-
text for the circulation of report that there was
general meeting of the coal interest. Concerning
the Philadelphia meeting, special dispatch states
that number of the prominent coal operators in
the Sthuylull region called upon President
Gowcu. of the Reading Company, TO con-
for with him relative to a suspension Of
mining in September and upon the question
of tolls Ii was strongly urged that a suspension for
two weeks be agreed upon, but Mr.. GOwen asserted
that such action would be disadyantageOus, giving
his reasons for that opinion. Mr.. Gowen further
assured the gentlemen that his company would not
reduce tolls for the " line and city trade.'
Burlington, Cedar Rapids and Northern stock
opened ~ 2l2 per cent at 6Ol2, but declined TO 81,
closing / per cent lower than yesterday. The ma
ioritv of the Southwestern stocks show small de-
Cmts Tut thOsc0f 81. Louis and San Francisco were
still higher; the common rising TO 13I40l23l pre-
terred 10 l73paIS and first preferred 10 42L20 81
the final prices being gains Of from = tOo4 per cent
Western Union, on business amounting TO Only 30
shares recovered y per cent, and closed at Jig
Pacific Mail was comparatively steady between
IGlsa 1868 closing at 1Gl2. Ii tranSpTes now that
81 few days ago, at the time when the point was
so freely gwen of what large pool was gong
10 do with its price, the small pool" that was III
the >tO .k sold out.
The market at the close was barely steady.
RANCE OF THE STOCK MAREEL
al loTl rTqbT