The New York herald., 1876-09-09
FINANCIAL AND COMMERCIAL.
The Market Irregular, but Strong
Speculation Fairly Active.
GOLD 10 A 100 7-S A 40.
Governments Bonds Firm on Small Business
Railroad Bonds Active and Strong-Money
on Call Easy at l-2 Per Cent
WALL STREET,

FRIDAY, Sept b-6 r. III.
Although in the very FIRST transactions this morning
therc somo little give TO the buoyance OF last
evening /, did not las, long, but yielded confident
feeling, which improved the whole list LiXe
Banquos ghost, which would not down, New Jersey
Ccnlra. again turned up fresh daisy and larry
oustrpped all imators the upward turn. From 2Ih
the work of less than an hour, the pace be
rug sharp enough to shake the nervous system OF the
bears severely and to drive them 10 cover with un-
seomiy This lively rally was predcated on the
belief that the company had been successful in obtain
ing much needed supply OF funds, either by
the placing of its bonds. 1t said, at the runous
shave Of fifty cents on the dollar, or by obtaining
assistance from the other coal corporations who were
content to play the good Samaritan for this occasion
only CrQdence given TO this last report from the
belief that the other companies would be loath TO
the concern got into receivers hands. which would
create for II independent existence aud eiectuauy
block any looking to it as one Of the partners ola
reconstructed combination. Faith in either OF these
stories did not last long. and more effective in
frightening bears to close their contracts than to in
duce bulls to buy; for at the point Of 33 began TO DO
rumored that tho company had been unsuccessful in
obtAsniug loan, and the pricc sagged OF TO 29A
though 1t ultimately rallied TO 81 at the close.
Inqulstive persons beginning ask If it is not
about time that the president, other officers of
the Who know its condition iii any OF them do
know it) should oblige the public with statement to
that effect. Mr. johnson, last spring. when the stock
was selling some forty five points above what 1t does
now, exceedingly wroth lin crcular) against
those malgnants the bears, whom he accused Of
sailing his stock tor Internal purposes Of their
He confidently and conndngly assured US that the
whole enmity was attributable to stock jobbng pur
poses that the company was first class institution
every way and worthy OF the popular support which
hc then invited.
Does Mr.. Johnson still believe nture assert
that the extraordinary decline to 25 still due only
to this boar RAID? We hear that he that his
opinions to the value Of the property are
colored Iu this there can be objection
to publishing report OF its condition, which the public
demands and which depleted capitalists and i'm
povorished widows and children entitled to.
There danger In Mr.. Johnsen's daring to cat
his words II the statement good the companys
people say the road is, and 1t Will be interesting
document any way. But want schedule of
cooked lgures; give us the material and we will
find for ourselves whether the deectable is
fish, flesh fowl II the property has been nsortaly
hurt by Incompetence an6 maadministration,
believe IL has been the public probe will sound the
depth OF the wound without regard to any salving pro-
cess which president or director may apply to 1t
While in the "Erces ven,' it may not be improper
10 inquire of the Delaware and Hudson Company to
what percentage Of the last dividend paid out of
borrowed money and as to what weight Of white on
their hands they estimate their Lake Champlain
branch road The twin Deawares followed the lead of
the New Jersey road and alternately strong and
weak with it. Stock Of the Hudson company still con-
snues for delivery, sale under tho rule being
made for cash at per cent above the regular price,
Outside Of the coal Stocks the market firm and
animated and though particular advance made
toward higher figures prices were well sustained and
closed steady.
THE SALES TO-DAY.
The transactions at the Stock Exchange to-day ag-
gregated u.s. 726 shares:-New York Central and Hud-
son. 4s7; Erle 1000; Lake Shore, 3s, $50; Northwest
srn 500; Northwestern preferred, 1905 Rock Island
also; Pacific Mail, leoo ST. Paul. 8, 725; st. Paul pre-
ferred 700; Ohios, 2,3Oo Western Union IL 200; c.
C. and l. c., 400; Delaware Lackawanna and Western,