The New York herald., 1876-09-07
FINANCIAL And COMMERCIAL.
Another Bear Raid-The General Market
Steady at Fractional Ldyancc.
GOLD 100 5-S A 100 l-2.
Government Bonds Generally SteadySRail-
road Bonds Slightly Lower-Money on
Call Easy at 1-2 Per Cent.
WALL STREET,

WEDNESDAY, sept 6-6 T. h.
The fresh stampede New Jersey Central this morn
ing was too sudden and unexpected to yield much
benefit to the bears. for there few 'prophetic
souls" among their number who would have fore
shadowed such catastrophe. From 81 the plunge to
% quick, sharp and decisive 1t was like the
charge OF the Light Brigade Brokers were sent In
with orders to sell at the market. "Theirs not to
why" but simply TO obey instructions AS IS
usual with rights OF this Sort the effect was out of all
kind OF proportion TO the cause. The widest
rumors prevailed that enormous dealcation
had been discovered within the company; that
Mr.. johnson had abandoned the presidency,
and that the paper Of tho concern would 20 TO
protest to-day Holders stock believed the stories
be facts and bears pretended to believe them SO be-
pressure OF these classes of sellers II is
little wonder that break OF points recorded
before noon. A little later Messrs. whltehouse &
Co., speaking for Mr. Knox, tho Treasurer OF the
pany, caused announcement be made to the effect
that all rumors and reports OF kind and cescrip
ton were entirely false. TIE stock, which had already
begun 10 recover, and was selling at 2S, gained new
strength from the statement and to 29, which
remained at the close
Lackawanna and Western showed but little OF
edus Achaes feeling. and with sympathy cold TO dis
tant misery" limited Its variations by the points Of
S3,< and SOs<, with a 1nal improvement to 81 Il.
It refused to bulge than per cent either way.
and beng unassaied by sellers option, had quiet
day Of it and small record in the way Of transactions
In spite Of the alarming furry the coal the
railway and miscellaneous list its equanmity
The market is no longer 10 be scared by the cry of
wolf and to-day business went It's way unaffected by
the turmoil and deaf the alarums that arose from
the coal carriers quarter.
Lake Shore, the Western roads and Western Union
at the most alarming moment scarcely showed more
than fractional relapse from the opening prices;
whlc as the day grew older, quotations grew better
with it and those finally made the best OF tho
record. Against Michigan Central OF the old
venom elected early in ;he day. with the result
Of marking value down point more but the virus
lost its power the exhibition of strength other
quarters and 1t finished per cent better than It
opened In word there vaiescence all around
at the close, and the sicky patient of day or two
back showed marked Improvement strength and
tone OF speculation.
Railroad bonds also looking up and shaking of
the depression Of yesterda The issues of the West
ern roads were again stronger and higher, and tho
general list steady, with the exception oi the coal
companies bonds, which were dropping and weak
under the aclion which has seized upon the rest OF
the family.
No employment for money call at over 4 per
cent, and for i, in the share market as pur-
chasing medium, though builish feeling is growing,
and such stocks Lake Shore, ST. Paul and Western
Union are urged sure winning cards to fortunate
holdera
Che transactions at the Stock Exchange aggregated
ios 600 shares:-New York Central and Hudson, 400;
Erie, 1850; Lake Shore 40 900; Cleveland and Pitts.
burg zoo; Northwestern; 1000; Northwestern pre-
icrred, 500; Rock Island, $500; Pacific Mai sO0 ST.
Paul, 2loo; st. Paul preferred, $500; Ohios 500;
Western Union 13 600; Union Pacific $50; c., c. and L.
c., TOO; Panama, ]. 100; Delaware. Lackawanns and
Western a6 $50; New Jersey Central 40 os5 Michigan
Central, %, $50; Delaware and HUDSON Canal 1,27o
OPENING, HIGHEST AND LOWEST PRIcEa