The New York herald., 1876-09-21
FINANCIAL And COMMERCIAL.
Stocks Irregular and the Market Un-
setted-BuIls and Bears at Sea-
GOLD FIRM AT 40.
Money on Call Easy at l-2 and 3 Per Cent
Government Bonds Active and Firm
Railway Bonds Generally Higher.
WALL STREET, !


J
Tho unusual activity in Central and Hudson has been
grateful to the market is dish TO a tired ap
petite The unwonted magnitude OF transactions.
which mp 10 1000 shares yesterday and have
ceeded a. to-day, significant than five times
the amount credited any other OF the usually active
stocks. Lying week after week dead and forgotten
the tenant of pauper's grave 1t is not surprising
that its unexpected resurrection should stir
among spectators, and an uneasy doubt in the minds
holders Central and Hudson has for long time
been grit about by a OF noli metangere armor,
partly due tact respect for its worth and partly
wholesome fear OF tho Commodore, that the bears
have ventured only sni at occasionally without
daring to show their claws.
II is true Ursus MAJOR tried experimental hug
some two years back. but from that time this he
has met with more bees than honey and smarts under
the sting OF accumulated back dividends and daily
shaves borrowed stock. Thus warned off the prem
ises, 1t we're, the stock looked upon as n
OF speculative dynamite that If touched the short
interest," required careful handling, sincc though
II might be fractonally remuneraiive. much
likely to blow bank to atoms. A spice OF
danger s however always attractive the stock job
bing mind, and so fair apple could not always
cape the cravings OF daring and nquisitive Eve In
the present instance the Teutou element may be taken
typical OF first mother since from it began the
attempt Gull the fruit Of bear emen and to IL
due the seller 60 options pertinaciousy offered
The large dealings to-day unqucstionably embraced
an important amount of investment stocks, marketed
by timid holders. who with tho history CT the coal
companies in their memory, know not where TO put
their Added this is the effect OF the Injurious
storms as to impaired earnings of tho road the
absence of any official statement of its condition and
the that in the OF the Commodores
the property will suffer from the loss of the
hand whose cunning has so long and prosperously
managed its affairs.
Howbet, there littlc progress made in
the raid to-day. The price opened at 9S and closed
tho same figure, having in tho meantime reached as
high 99i4 under rattng fire OF sellers options
which ranged all the way from Il per for days to
q, per cent 60 days.
The stock remains scarce for delivery, as has been
the for many months past, and commands a
small premium in the shape OF loans.
Tho rest of the market seemed to be at loggerheads
some shares tending upward and others favoring
decline. What strength thcro less
artificial being greatly due to the efforts OF the Lake
Shore party, who by way OF sustaining their avoritc,
assduous in putting their shoulders to the wheel
whenever prominent stock looked faint and required
assistance The coal carriers the first to get OIL
on the upward turn this morning, and improved their
condition from one to two points, but dropped
back again to opening prices though the better rates
obtained at the Pennsylvania Company's sale helped
them up somewhat later in day.
The of the railroad and mixed list pretty
uearly that OF the anthracite shares, advance
al and q at the close OF business to the best
figures OF the day. On the bond calls the coal mort
cages still continued to improve, and the general list
strong and passably active
The transactions at the stock Exchange to day az.
ereeaied l27 900 shares, which distributed
follows New York Central Hudson H. 225; Erie
l40O; Lake Shore, rs, $50; Cleveland and Ptisburg
100; Northwestern, ], 100; do preferred, 600 Rock
Island Abb; Pacific Mail: 2,40o St Paul. 1900; dc.
preferred, 1000; Ohios, 1000: Western Union, H. $780,
Wabash, 200; Delaware. Lackawnnna and Western,
2S 500; New Jersey Central, u $780, Michigan Central,
9s6o; Delaware and Hudson Canal, 1,417.
OPENING, HIGHEST PRICES.
The following table shows the opening, highest and