The New York herald., 1876-10-03
The Stock Market Irregular and Active
Decline in Illinois Central, Delaware and
Lackawanna and Rock Island
Advance IN Jersey Centra.
GOLD 10 1-s A 10.
Money on Call 1-2 and 2 Per Cent-Gold
and Railway Bonds Moderated Active and
Steady-The Treasury Statement.
WALL STREET.

MONDAY, Oct. I'd r. N.
The "sers and yellow ieaf'' that is tinted with grow
ing color the autumnal foliage, has for many week
back shaded the market with distressing imitation.
While business all quarters is budding into ie as
though new spring time Of trade we're at hand and
commerce for the future be garnished Ia prn
tdniere the stock market remains under the wntry
blight OF dulness and depression.
There arc occasional gmpses OF the speculative sun,
s true but they rather tend 70 light bears on their
destructive than 20 cheer up doeiu and disap
pointed bulls The history OF day is nearly the
history of another, with little alteration befel tho
laws OF the Modes and Persians To-day has been
exception and the story repeated in the deal
ings which marked the course Of the favorte stocks
Az Saturday, Lake Shore aud tho coal stocks
a top OF the heap with Delaware and Lackawanna
a facie princeps Tho Osborn Mills combination
having turned over to the short and sanguino bulls
such Of Lake Shore the strength OF tho
ket permitted, have, for few days back. transferred
their attentions to tho abovenamed coal fancy. Their
far has not been OF intoxicating descrp
tion, reference TO figures will show Tho
nrst sales this morning made at 67h,
from which point the price dropped TO cas-, followed
by rally under the auspices of tho clique to o7k and
subsequent and final relapse TO 65A. All this was
attended BY transactions Of extraordinary magnitude
no less than 11s0oO shares having changed hands,
being dealt in "half stock'' for comparative pur
poses the amount must be divided by two
II NO headway made in the bull speculation there
was At least produced very uncomfortable situation
such bears had sold Short nasmuch stock for
delivery was suddenly discovered to be az scarce
nnolars in hennery Confusion worse confounded
Was the inevitable result. and the machinery Of the
Board of buying 'under the rule" which imposed
penalty Of from y TO k por cent ON delinquent sell
ers, made matters worse. as It usually does New
Jersey Central, whilo commanding the Same
premium for default Of delivery, dealt
in to . much more moderate extent. and TO the
greater satisfaction of holders, for there steady
advance from 2eA, the opening price, to 2s's, ana
only fractional fslling on at the close The denial
Of tho petition for Injunction and . receiver, and
The that the October interest Was being duly met
have encouraged belief that the dying embers may
still be famed into sufcion flame light the way to
profitable turn tho bull side Of the speculation
What interest could spared from the coal carriers
olopped over Lake Shoro which vibrated between
bsk and SAX, fetching up within an eighth OF the
5srmer figures in nnai sale.
two per cent drop from par Marked from
arthmetical point OF view tho waning confidence in
Rock Island. though halt per cent SO, recov-
Sre1 at tho close
Three figures in stock seem invite bear assault
~ does red rag the OF BULL and with quite
much reason, Tor beyond tho opinion that on general
principles Rock Island is "too hgh," there seems
70 Be nothing tangible to base or pray upon
In the Western roads there infrequent Huctua-
sions 70 limited dealings while the miscellaneous
shares wore simply comatose and neglected
The market closed fairly steady and without any
salient features on which TO prophecy for TO-
morrow's business.
SALES
Evc
gregated 214. 700 shares Now York Central and Hud
son. 1850; Erio, 700; Lake Shore, 2,soo Northwest
srn ,2O0 do preferred, 2,4oo; Rock Island ll,65o;
Pacific MAIL 400; ST. Paul, 800; do preferred, $500;
ohlos 1lO0 Western Union, $500; Wabash, 500; Union
Pacific, 200; Delaware. Lackawanna and Western,
u.s. soo New Jersey Central q s95 Michigan Central,
$500; Delaware and Hudson Canal Company. 4,070
opxxIxa. HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and