The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-30
FINANCIAL and COMMERCIAL.
An Active and Irregular Market
Watching the Great Coal Sale.
GOLD ITO SO A ITO 1-S.
Government Bonds Decline with the. Price OF
GOld-RailrOad Bonds Firm-Money
on Call / a 2 1-2 Per Cent.
WALL STREET,

TUESDAY, August 29-6 T. II.
Spectators interested IN the coal stocks drew
q long breath this morning when 1t become
evident that the great sale was being con-
Quoted on the square" The feeling OF I'M
certainty vanished when 1t looked though prices
were going do likewise, and though the rates OBJ
tanned were even lower than those of the aute-war
days and were anything but suggestive OF future div
idends there satisfaction holders Of stocks
to feel that hard pan reached and OF positive ex
uaton to consumers that of the great necessities
Of lite was likely 10 be atanable at reasonable hgures
The market for the anth.acit iances opened lever
ish and excited and shares flowed on the market
though the noodgales were open and there was no
que capable OF shutting them. The first half hour
brought New Jersey Central from 10 10 37s and Del
aware and Lackawanna from S1' to So while Delaware
and Hudson, holding its own at "a So on fractional
lots, sorey afflicted by the with their seller GO
propositions at 10 per cent under the cash price
Curiousy enough, while the sale was under full head
way the of stock ceased and the tide turned
food, probably because the worst known or that
It was deemed not TO be much OF shower after all
New Jersey Central hoated up to 395S and Delaware
and Lackawanna to Sl5S Delaware and Hudson still
holding its own. Unfortunately there is nc almanac
which the ebb and flow OF tides IN
the stock market, and brokers are often
caught by the sudden changes cattle are
SAID 10 De by Inc "uOrc' on tne bay u
Fundy. So 1t was to-day, for The improvement noted
Above was lost almost soon galned and the rest
Of the session showed range OF spasmodic huctua-
tons, with lower prices and unsettled market at
the end
Although there Is strongly antagon!stic feeling
against Delaware and Hudson, bears touch.iJ very
gingerly the way of cash regular sales Very
little stock has yet been shaken out and only IN drb-
let's, making 1t scarce for delivery and exactng
premium Of to q per cent for daily use. Tais is
true also nearly all the other active stocks which
demand for borrowing purposes at rates ranging
from aat TO ~ per cent bonus.
While the tragLcomedy being played by the
anthracite company the remainder OF the list looked on
like well behaved audience, free from interest or
participation IN it's joys or sorrows.
Extreme fluctuations were limited TO per cent,
and this rather the exception than the rule
Lake shore led the in point of importance, aud
the returned yachtsmcn clspped all sail reach
the mark OF higher figures Starting at 53s the breeze
proved enough up 81, but at this point shit in
the WIND or head tide, or some other pernicious
obstacle stopped all further advance, and the stock
drfted back to 5sAs, which was the closing price.
Despite the reports Industriousy circulated that
the Western roads (emuous OF the hari Kari example
OF their Eastern brethren) engaging in similar
policy oil cutting UNDER these properties remained un
affected by the evil rumors and owed sucn lie they
had 10 sympathy with the more active favortc.
A lower range for governments, under the influence
OF declining gold and strong market and lair business
for railroad funds the only characteristics OF the
bond calls that call for remark.
THE SALES TODAY
The transactions OF the stock Exchange to-day aggre-
gated Ia. 662 shares. New York and Hudson $50;
Erie, $780, Lake shore, 80 400; Northwestern, 3025;
do preferred $500; Rock Island $40; Pacific
Mail, 1000; ST Paul, $500; do preferred, $3.50;
Ohios, 1900; Western Union. II 200; Wabash, 200;
Union Pacific, 100; Delaware, Lac.awanna and West
ern 575 New Jersey Central, is o52 Michigan Gen.
trail $780, Delaware and Hudson Canal, /, 140
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening, highest and