The New York herald., 1876-10-01
FINANCIAL and COMMERCIAL.
An Active Stock Markei-Rapd Action and
ReactiOn-Prices Irregular
GOLD 40 IA A 10.
Honey on Call 1-2 and 2 Per Cent-Rail-
road Bonds Barely Steady-Governmen
Bonds Dull-The Bank Statement.
WALL STRxEr,

Tho speculative mind confined to-day 20 tho con-
Temptation sftwo threc speciatics only. Like the bill
Of faro OF English chop house which orcrs joint
two good and solid while vigorously excludes kick
shaws, tho market presented but little choice 10 tho
financial gastronome IL imperative TO par
take OF the dishes forth dine with
Duke Humphrey The pieces de resistance pro
vidcd for the dclcc,ation OF tho Board this
morning were Lake Shore, MichGan Central and
Tho coal stocks the of the list being tre
Byeabub and such neither provoking speculative
appetite nor inviting attention Lake Shore the
vorite by all odds. and receiving the artistic garnsh
cf trial OF such Gordon btcus as constitute the
Osborn Mills organ combination. made dish Gt to
bc SCI before king With the opening sales al 53S,
speedily grew In strength under the fostering care OF
the above party ana, in spite OF n hostile demon
Stration from tho corner" soon added good
pus per cent TO tho Grst figures AT this
point OF 541 dealings large and
attended by unusual excitement but the stock failed
70 ADVANCE nevertheless. and rather disposed TO
weaken under the large lots offering for GALE 1t be-
gan be suspected that the clique avaing them
selves OF tho existing strength to sell out and acting
upon this belief the whole pack Of small traders,
Tray, Blanche and Sweetheart y were al in full
cry after tho same quarry. Naturally the price gavo
way under the pressure sunk TO o3h, from which
nRuro it did not recover for the rest OF tho day.
Nearly the samo nj story attaches 10 Gen.
trial. which, manipulated MS II is by the party,
struck hands again with Lake Shore, and like the fds
Achatss which it has proved itself 10 be, followed
respectful distance OF sales but with
equally important advance in point Of price, nearly
The whole OF which lost at the close.
Although, as previously intimated, the bulk Of tho
railway business confined 10 The stocks before
noted better figures made Tor all OF this
description OF property. Tho presence in this
city OF tho representatives OF several OF tho
great trunk lines, with view TO display tho
olive branch and end tho war, has bcgot-
len . feeling OF confidence that the cutting under
struggle must finish Unfortunately Tor this plan
Commodore Vanderbilt is the Napoleon OF the
paign and master OF tho situation, and, according 10
I'll accounts expresses himself satisfied with tho busi
ness his road and refuses 10 enter into any
hDgling alliances whatever.
some Of the frmness in Michigan Central was proba-
bly, due TO the attempt beng made to disembarrars
the company Of It's Improbable leases. II is claimed
that inasmuch the directors OF tho Central
road were the time directors in the
roads leased they had right legally to enter
Into any contract Of tho proposed nature. 1t IS
stated however, that such acts Of tho directors
were subsequently ratified by the stockholders, and
becomes q nice question whether, under the legal
axiom OF ac per aiiis facit per Sc. they the drcc
lors duly empowered TO proceed as they did
While the railroads thus making troops OF
friends the coal stocks wore losing the few they mad
lett Delaware and Lackawanna declined from 6St to
oox with Q recovery 81 u at the close, under the
enormous business OF los 900 sharos, while New Jersey
Central aftcr fall OF ~ per cent TO A4,
TO 26H, and finally stopped at 261o. The early
weakness was attributable to tho belief that
setauit would be made in the interest
payment falling due ON Monday, but when It was
asserted that these had been provided for the squal
blew over and left the sky comparatively clear
Transactions In Pacific Natl and Western Union were
almost nominal but prices were steady with the rest
OF tho market which showed dealings Of $50 900
shares, making It the heaviest day ofthe week.
THE sALgs
Tho transactions at the Stock Exchange to-day ag-
.rsgatsd 25l 400 shares New York Central and Hud-
son. s. 400; Erie $685. Lake Shore, ~ l00 Cleveland
sSd Pittsburg 100; Northwestern 1000; do preferred
2soo; Rock Island, 1900; Pacific Mall, 500; ST.
Paul, $500; do preferred, 6,loo; ohios, soo West
crn Union, 2600; Wabash, $780, Delaware, Lackawanna
and Western, los, 900; New Jersey Central %, 100;
Michigan Central 1900; Delaware and Hudson Canal
Company. $500.
OPENING. HIGHEST LOWEST PRICES.
The folio wing table shows the opening, highest and
-