The New York herald., 1876-09-05
FINANCIAL And COMMERCIAL.
A Declining Market-Stocks
Weak and Lower.
GOLD 109 l-2 A 109 3-S A 100 5-S.
Government Bonds Irregular Railroad Bonds
Weak-Money on Call Closes Easy
at / 1-2 2 Per Cent
WALL STREET,

MONDAY, Sept 10 4. H.
Hshs bulls we're not subjected to an absolute holo
saust to-day there empyreumatic SAVIOR enough 10
Ihow how deeply their coats had becn singed Nor
vas 'sweet and pleasant savor. but akin TO that
Of dead hies ointment, and born withai Of falling
prices and bankruptcy. New Jersey Central Lake
Shore Michigan Central and Illinois Central were sub
ected the hottest part of the re, and thier va
werc burned out OF them the extent Of 8 to per
The hue and cry against the anthracite favorts was
removed this morning, with all the vruence OF last
week, and though new changes we're brought to
affect Its vauo II continued to glide away into lower
prices as II imbued with belief in 'dcfles est decen
sus Aperui" and meant to bring up In the tophot OF
rotten stocks at the earliest moment In figures the
drop was from s4A to sln; in Generalization the
effect was more still, for It gave buffet
10 tho rest Of the actives. already quite groggy In
their legs. Twenty-third street slow
the tottering market and
developed a sharp raid Lake Shore, which, under
forced sales Of 900 shares bade goodby TO the
Osborn Mills party whose support had been withdrawn
last week) and plunged downward from 52ss to 49H
almost without rally Michigan Central kept close
company, making the same amount Of decline on one
third the aggregate Of business Stories OF a sharp
contention. with resulting decline in rates
between these two roads, used by the bears TO
In the rickcty condition of the Michigan property,
barrassed It is with network OF Improbable leases
and an ''achng void" in its treasury The ball thus
set rolling down hill received fresh impulse from the
announcement the failure of Mr. VIM. b. Cierke,
old and esteemed member and few years since Pres-
dent of the Board, who Is said 10 have been
unable to respond line Of privileges which he had
Sold Tho evil Of this new-fanglod put and cal' Is
beginning to crop IN harvest OF Ills and Is ques
honablc whether the Exchange did not make mis-
lake when they abandoned the position Of placing these
OF bevond the pale of their Jurisdiction
After the O'Clock call there appeared to be a
streak of blue sky in the shape Of an upward turn
which made better quotations by u to per cent, par
tcuary in New Jersey Central, and partly in the
rites above named but 1t proved to be break in
the clouds, without any positive change OF wind
In fact the breeze due east and the weather, bad
enough before became worse yet when the failure Of
HE respectable New York and Philadelphia firm OF
Randolph Buckley & Co. proclaimed from the
fostrum These gentlemen enjoyed an excellent credit
md were supposed TO be under the special Ggs OF Tom
Scott but in this the railway magnate, like his
ninesake, the pipcrs son. seemed to be absont when
most wanted.
There was more doing In Erie, Western Union and
Pacific MAIL and sympathetic decline with the rest OF
tho market made somewhat lower hgures. The Mail
property was, Win great proprieE, nathHcreu Wy .
Smith who aspires be the Tubal Cain of the Board
and, as such succeeded to-day in his attack tho
stock Despite the fall in New Jersey Central the
stock was exceeding gly for delivery, much as
Y per cent being paid at time for use, while SELL
options offered at largo rates under tho cash
price.
There were many depressing circumstances occur(
ring that the market completely indtrated with
dependency, and thus closed at prices irregular in
instances, but generally at about tho lowest Of
the day.
THE SALES TO DAY.
The transactions ut the Stock Exchange aggregated
23o,S ,S45 shares:-Erie Il, 400; Lake Shore 76,Goo;
Cleveland and Pttsburg 100; Northwestern, 1900;
Northwestern preferred, $500; Rock lsaud 8, 445
Pacific Mail 6,sOO; ST. Paul, b375 St. Paul preferred.
IL 400; Ohios 3, coo; Western Union $500; Union
Pacific 1855; c., c. and l. c., $50; Delaware Lacka-
wanna and Western, 41.6l0; New Jersey Central,
23 1876; Michigan Central. 23, $50; Illinois Central,
1855; Delaware and Hudson Canal 1875
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and