The New York herald., 1876-09-13
FINANCIAL and COMMERCIAL.
Further Disturbance and Decline in Coal
StOcks-The Feeling Ftvrrish.
GOLD ITO A 100 3-4.
Money on Call Steady at and l-2 Per
Cent-GOyernmen Bonds Active and
Strong-FOreign Exchange Quiet
WALL STREET, |

TUESDAY, Sept l2-6 L. NJ
The sop to Cerberus typihed by the statement"
OF the New Jersey Central Company, though seasoned
is with promises future, did appear to
increase the appetite OF the recipients the public, for
any increased Investments OF the stock In fact, in
stead of succulent meal the statement has rather
acted as an unpleasant dose, and wry faces made
facts and gures evidenced by the further
iali In quotations. Somehow per cent OF last
evenings price had oozed out during the night, and
the leak sti continued IN this mornings early hours,
bringing the figure down IRON 81 4. To 2s y, with
after rally to 80 and finish OF at 20 II the report
projudcial TO the Central road the course OF the
two Delaware stocks disastrous yet and that
too when the influence OF any reports at ALL
However, there appears be bond OF sy mpathy be-
tween the coal carriers and they apt to rise and
fall together, possibly from polite motives, the
plea OF imitation being the sncercst sort OF aaery,
possibly from the same impulse that sends flock OF
sheep wall at the heels OF a bell wehcr.
Thus to-day, did New Jersey Central
show the down the scale OF 1gures than the other
coal iancics followed suit with the result OF
stripping their leader IN point OF magnitude OF decline
Delaware and Hudson Toll from 70% 10 64t. under
fusladc OF sellers options which ranged from one per
cent Tor len days to four ana i've per cent Tor sixty
days. while Delaware and Lackaw wanna declined from
16 to 1871 Morris ana Essex from 50 TO S714.
About hall the loss recovered at the under the
influence ofa general Improvement which had set in
during the last hour.
Although deliveries Of the coal shares arc still ir-
regular, causing much annoyance and accompanying
cxpctives The cost of the deaul,ers there still
q marked cneapening of borrowing rates to-day, the
premium falling oil from u TO Lilo per cent with no
difficulty o., obtaining the necdul shares payment
Of the shares While these coal properties iie
way oil the market, like sunkcn hulk in a channel
they prolific OF no greater evil than check TO
advance Aud this the suiclency Of to-day's
evil AT first inclined to be terrified by the agnants
there drop OF from u to per cent and a weak
condition of things, which shortly merged into stead
and subsequent recovery at the close OF the
mujor part Of tho loss
There was the usual pas de deur between Michigan
Central and Lake Shore with the steps
and the same positions, in tho way of advance and
retreat, while dealers in their shares they are
praised Castor aud Polux aspcrsed "Arcades
Ambo," according to tho speculation turning out
favorable or adverse The story prevailing few days
ago in connection with plan to rid Michigan Central
OF Its embarrassing leases, has ceased u
rator.
Ii appears that prominent stockholders In the Nich-
gan road hold the same relative position IN Morris
and Essex ind 1t has suddenly occurred TO these
pent gentlemen that should Michigan Central succeed
In dvesting itself Of It's enlanehpg alliances Delaware
and Lackawapna would have IA fair excuse 10 try The
process with Morris ,nd Essex 1t is very evil
dent this that or the goose would not be
u desirable sauce Tor the gander.
Small tranSactions in bonds at steady figures and
money on call in abundance at Ia to per cent were
the rule to-day as it has been for week past
The TRANSACTIONS at the Stock Exchange to-day ag-
erega,ed 164 900 shares;-Ncw York Central and Hud-
son, 25 Erie, 225; Lake Shore $50; Cleveland and
Pittsburg, ESQ., Northwestern, l00 Northwestern pre-
ierred, 100; Rock Island, 4o0 Pacific Mail, 600; ST.
Paul s00 ST. Paul preferred, 400; Ohios 1900; West
Union, 5000; Delaware, Lackawanna and Western,
62, ,s50 New Jersey Central, g. 693; Michigan Central
4,9o0 Delaware and Hudson Canal, 4,5l3 Morris and
Essex. l,o53
OPENING, HIGHEST AND LOWEST PRICES.
Tho following table shows the opcring highest and