The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-08
FINANCIAL AND COMMERCIAL,
Stocks Weaker and Peverish-Decline in Jersey
Central. Lackawanna and Rock Island
GOLD 112 is A III rs.
Money on Call 2 Fer Cent Government Bonds
Active and Firm-RailrOad Bonds in
Fair Request and Steady.
WALL STREET,


Tho plough OF speculation left in the furrow on sat
urday night remains there still to-day and neither
bulls nor bears have excrted themselves It to
any important degree There a disposition during
the first half hour to "push along, keep moving
toward higher prices but there proved TO be no back
bone the trort and tmorous shorts to DO scared
into purchasing SO the winch had been struggling
through u watery sky, was quickly obscured by tho
ugly black clouds which, under the form of the coal
stocks, have SO long hung tho market Now Jcr-
sey Central sulked from the very start and
persisted in weakening, who the rest OF the
list was looking upward hopefully 1t soon
came out that meeting OF the combination coal car
riers TO DO held at Philadelphia to-day. and re-
ports were rlfe that OF tho happy family had
been caught in sharp practices which would render
them amenabe discipline. II is understood that this
would take the shapc fine OF 81 50 per ton on all
production the same to DO assessed TO the offend
Ing company and collected from sum already de-
posted IN trust meet such breach OF fat Whether
the story be true false tho effect patent enough
In the case the New Jersey property, for the CON-
parative strength which 1t had shown at 62 u in the
ng was converted into positive weakness at 59ss
In the afternoon The last sales OF the day, however,
at 60L-a rally, not enough TO mako holders
ecstatic, but better than no rally at all.
The domain, however, which the bears scem to BIO
converting into garden peculiar TO their habits is
Rock Island. The ''grow and 0sht' to-day has been
this incognita of the speculative
list And TO some purp0se, too Tor the shorts have
smitten it, hip and thigh, with resulting tall of IRON
1868 to 105 at which latter aud lowest price OF the
cav closing sales were made. There does not appear
TO be any cogcnt reasons Tor an attack upon Rock
Island other than comparatively high price, three
figures railroad stock seeming to have an cxasper-
ang effect upon bears bit of red drapcry has upon
bulls
The dealings in Lake Shore ard Western Union
showed serious falling OF in amount OF sales from
the daily record last and fractional decline
from the best prices Their patrons, however, 90
their best 10 hold them firmly. but are willing part
with a few shares in a friendly way, whenever iair
chance offers.
With the exception OF the stocks specially noted the
general MAJ ket INDUCED IN mild summer sicsta as
will be seen in the amount OF transactions, which
dwindlcd down TO some 60, 900 shares
September, with its cooler airs and tho return +
wandering operators is looked forward to the
panacca for all Stock Exchange woes. Tho dis
pensation commencing then Is 10 point DOT the way
better business and restoration OF confidence in the
iancies which buneed right and left and
have no friends. Money, however, at ~ per cent
scarcely points "a commencement of these halcySn
days as yet whatever It may In the autumn months
to come.
SALES TO-DAY
The transactions OF tho Stock Exchange to-day aggre
gated CO. 97a shares New York Central and Hudson,
800; Eric. 900; Lake shore, $500; Cleveland and
Pitsburg 2l2; Northwestern, 800: Northwestern pro-
fer-cd 500; Rock Island 040o; Pacific MAIL 400; St
Paul, $780, ST Paul preferred, 800; Ohios, 2,Go0
Western Union, s. 100; Michigan Central, 1906 New
Jersey Central 1900; Delaware, Lackawanna and
Western, 100; Illinois Central 200.
OPENING, HIGHEST AND PRICES.