The New York herald., 1876-10-14
FINANCIAL and COMMERCIAL.
In Active Market and Lower Prices Another
Assault on The Coal StGckS.
GOLD STEADY AT 100
Money on Call Irregular Closing Price Per
Cent Government Bonds Higher
Railroad Mortgages Firm.
WALL STREET,


breeze from tho Reading Railroad o1co was the
sousherly wind that formed cloudy sky over tho
Stock Exchange this morning, proclaiming "hunts-
mans motnn for tho shcrts, and acting like wet day
ON the spirits OF tho longs. has been well known
that the Reading corporation has for some time back
been endeavoring 10 tide over the dheutes OF y
sratcned exchequer by procuring extensions Of such
paper falling due through the pledge Of the con-
sodated bonds Of the company as collateral
security II seems that they have at last
come TO the end OF their tether and IL
was noised abroad this morning that their
accepsances had gone to protest This does not ap
pear 10 be absolutely true point OF fact. since
rangements were made AT the last moment which
enabled the company escape 'bv tho skin OF their
,eeth' the threatened services of the notary. How
sver "a miss is good AZ mile and In ths maxim
We may nnd financial theodotc for The remeni
n tho corporations soivency. Az Phadelph the
price has vibraeL between 22js and 2j, the latter
ngure ruling when It learned that the company
had pulled through The effect upon the home market
vas to set everything topsy-turvy and to produce
decline which pcrvadcd the whole list
the bsars having been killed or seriatim. and the
bulls standing alooi, with their hands in their own
pockets ns.cad Of in those OF the shorts which have
been exhausted closed up the market lacked any
determined support and gave way In some ma.
terally The decline, principally noticeable In Lake
Shore tho coal carriers, Central and Hudson and
Michigan Central ranged from TO per cent, with
irregular and fractional recovery in instances Ut
The close Of business
Added to the depression caused b. the Reading story
were romors that the meeting OF railway representa-
hves at Detroit had ended likely TO end, in .
further cutting OF instead OF brothery
PROMISE which would convert the conlending roads
into many paths OF peace. Further rumor mongcrs
forged wild story that the Vanderbilt holders OF Lake
Shore had supplied the market during the late with
OF stock previous the
line, as Chicago connection, In favor OF the Canadian
Southern route. For holding water these tales are
probably serviceablc sieve, but they de-
record beng part OF the history Of the day
aud less influencing the course OF prices.
Lake Shore and Central aud Hudson were particularly
Affected the former dropping from 81 to 55s, and the
latter from 1031s 1904 with offerings of seller 6O
stock at per cent under the cash price
A slight rally at midday was succeeded by further
depression throughout the whole list Pacific Mail be-
Ing nearly the only stock that managed to hold
mp its head bravey during the day.
Fonts 10 buy this specially plenty as black
berries, and they used with some success pur
Swaders Tor the price showed gain OF per cent on
The days business and the latest figures the
Of the session
Money back per cent alter tho furry OF yes
seriay, with moro lenders than borrowers, and no par
cular desire the part OF capitalists to let it slip
Into the NAV Of the share speculation
THE SALES TODAY.
Tho transactions Mt the Stock Exchange to-day ag
r.'egatcd 1888 SEQ shares New York Central and Hud
son 1900; Erle 1850; Lake Shore, So 600; Cleveland
and Pttsburg $40; Northwestern, 70o do preferred,
k0; Rock Island $50; Pacific Mail, II 800; St Paul.
A45o; do. preferred. 6.6oO; Ohios, 1906 Western
4n,on. ll,45O; Wabash, 2400; c., O. and l. q. 500;
tlaware, LncEawanna and Western, 47,460; New
Jersey Central, l7.o25; Michigan Central. IL, 4s5;
Delaware and Hudson Canal, 1850.
OPENING HIGHEST LOWEST PRICES.
The following table shows the opening. highest and
owcst priccs or the day -