The New York herald., 1876-09-30
FINANCIAL And COMMERCIAL.
An Active and Excited Stock Marka-Sharp
Decline and Reaction in JerseyCentral.
GOLD TlGMER AT 10 Is A 10 II.
Money on Call 1-2 and Per Cent-Goy-
ernment and Railway Bolds Steady Sew
eral Investment Securities Weaker.
WALL STREET,


In spite Of tho many weeks. that the anthracite
fances have been before the speculative public they
still retain all the freshness OF variety show and
are decidedly popular favortea Particularly were
they to-day the long list Of transactions testify
To be sure they clothed With extra attractions,
which drew full house OF both friends and enemies,
the former anxious to be 'oR with the old love" by
lively distribution Of their holdings and the latter ION
with the new" bya fierce renewal Of short sales
When IL became known to a certainty this morning
that the Delaware and Lackawanna Company would
skip the quarterly dividend there was plunge at
the stock which knocked the whole form into pL
There was q mob OF short sellers and OF
long sellers, and but few buyers OF shares
that were to be taken away and paid
for so, with the pounding away from the different in
terests the poor stock came to grief, like 'ihe six
hundred" at Balakava, and with as little chance Of
resistance. short time sufliccd to run the price
down from y TO 6sts between which and 69h it hung
for nearly the entire day. aud eventually closed barely
steady, at 69l4.
Meantime its coadjutor. New Jersey Central, was in
equally bad plight The cry of "wolf" which, as
Synonymous with receiver" has been 30 often
used terrfy the bulls in the stock, was renewed
this morning, this time introducing the real dnma
in tho shape OF the dreaded funotonary in propria
persona. II appears to be fact that application
yesterday made before the Court of Chancery Of
New Jersey tor the appointment Off receiver on the
ground that the company is bankrupt; and further
more that an injunction asked for to restrain the
issue Of the proposed s5,0 900 loan. 1t was
not known whether the prayers OF the suppliant
stockholders had been granted, but it was assumed
they would be. particularly If default were made
in the interest payment due on tn, 1st OF October,
anticipated will be the Lucky spectators
who were the early birds In succeeded in getting
26 for their stock, which the opening and highest
price OF the day, while the ruck followed the figures
down until bottom touch ID at 23H, from which
point there occurred q rally in the afternoon and
final closing at 255s.
The news from Philadelphia Of further collapse OF
six points In Readng-vz, from 5S to 62was a sharp
thorn in the side Of the home fancies and contributed
an additional rritant to their 'weak and beggariy
clements"
In the railways there to be noted the same old
game; Twenty-third street after tho ST. Paul stock,
with sharp stick and the Mills Osborn party endeavor.
ing to boost Lake Shore and Northwest preferred No
great success attended the forts OF either party for
the ecintilatiops from the black diamond properties
blinded the eyes of the Board to all other attractions
At the close the tone Of speculation decidedly
better, the market generally improving upon the
lowest prices previously made and presenting degree
Of stcadness which hsd been wanting In the earlier
dealings.
THR SALES TO-DAY.
The transactions at the stock Exchange to-day ag-
ercgated 1885, 500 shares New York Central and Hud-
SON. 1900 Erie TO- 900; Lake Shore, 81 $780, Cleveland
Pisburg 1926; Northwestern, 1850; do preferred,
$3.50; Rock Island, $685. Pacific Mail, LAO; st
Paul. 400; do preferred $500; Obios, 500; West
ern Union, $780, Wabash l,2o0; c., G. and c., 200;
Panama 500; Delaware, Lackawanna and Western,
9s 9lO New Jersey Central % $50; Michigan Central
1900; Delaware and Hudson Canal Company. $3.50.
OPENING. HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and