The New York herald., 1876-11-24
FINANCIAL and COMMERCIAL.
The Stock Market Irregular-Coal
Stocks Higher.
GOLD STEADY AT 100 So.
Government Bonds Active and Firm-Railway
Bonds Generally Steady-MoLey Closed
at 2 and 2 1-2 Per Cent
WALL STREET. |

THURSDAY, Nov 23-6P. M
Lake Shore and the coal stocks again a. cross
purposes to-day, though this time the turn OF
he latter 70 20 up and the former TO go down
Tho situation of the railroad is 'onsartin'
y the proverbial "white man" and the absence OF
my definite information the subject IL disappoint-
ng 10 impatient holders Accordingly, the disposition
realize which In state OF hesitation Yesterday,
pccame pronounced to-day and In the case OF Lake
Ihors carried the stock down TO 56k, under much
excitement, and with transactions to the amount
d 81 600 shares. The bulls of Twcntythird street,
who had lent moderate toss TO the movement, arc
srowned with horns that crumple easily, and are
much more at home IN their familiar bear skins than
shcn masquerading III hide and hoofs. and they
Ihowcd this morning by abandoning the wrong side
tho account and their holdings at and the same
tine. So much of tho popular interest was taken up
" Lake Shore that the rest OF the list, with the
epton Of Delaware and Lackawanna and Michigan
Central, had other than to fall away In
prices by themselves. which thcy did to moderate
hegree.
Tho coal fancy, on the contrary, was jolly as
saudboy, and rose from 6ss TO Tx under the asten
on Of socitous BEARS The TACT is that the stock has
been considerably oversold during the last few days,
and the old pressure account of deliveries having
shown itself again in the shape Of - premium in loans
and concession OF per cent on seller 10 contracts,
The bears have taken fright usual and with the un
avoidabe result OF marking up quotations There is
believe, however that any party been
found to bull under the uniavorable circumstances
which surround the property.
There next to nothing doing In Western Union
nd Pacific Mail securities, though the former dropped
or traction, probably reports of an additional cut
ting of rates The Atlantic and Pacific Telegraph Com
pany announce further and important reductions OF
ates Oyert nj md huv0 n svs TEN of
leeeraphy which is admirable Tor its simplicity and
clearness II consists dividing off tho States
cred by their wires into four distinct geographical
tons (of which coored chart Is published and of
ixing stated sum as the maximum tariff between
bach. Thus, between any point In Section No l.
which comprises the Eastern States. and any
point in Section No. 2, which embraces
tho Middle States, and rice versa, tho high
est rate Tor ordinary message can In
no event exceed the sum OF 81. though the amount
may be decreased with tho decrease Of distance be-
tween the operating points OF still greater impor-
lance the schedule of charges which, compared
with that in by the Western Union Company. pre-
tents a general reduction OF from twenty nvo TO dfy
per cent. This OF tho Atlantic and Pacific
company is a decided step forward in cheap tel
graphy, and such should receive substantial recog
lition by all classes Of the community.
The market closed steady and dull, and marked by
ndisposition to enter into new engagements pending
he unsettled political question, which to-day is being
regarded with some anxiety.
TIE SALES TO-DAY
The transactions at tho Stock Exchange to-day
aggregated LAG, 1856 shares:-New York Central and
Hudson. 44o; Erie. 1900; Lake snore, 80 $50; Cleve
land and Pstsburg, 37o; Northwestern sOo do. pre-
ferred, 200; Rock Island, 1850; Pacific Mail, 1900;
St Paul. 1900; do. preferred e,4oo; ohios, $500;
Western Union, 4.aoO; Wabash, $50; Union Pacific
1907 Delaware, LacKawanna and Western, 33,o75; /;
New Jersey Central 1900; Michigan Central II, $50;
Delaware and Hudson Canal Company, 1000
oPENiyc, HIGHEST LOWEST.
The following table shows the opening, highest aud