The New York herald., 1876-10-05
FINANCIAL And COMMERCIAL.
An Active Stock Market and Higher Prices
Advance in the Coal Stocks.
GOLD LOWER At llO A 100 rs.
Government Bonds Active-Rail-
way Bonds Firm.
WALL STREET,
WEDNESDAY. Oct 40 L. 81.

Better TO have been dwellcr In the bear pit at
Berns clambering up pole in quest OF eaeemosynary
Gates, tnan 10 be the bipeds OF the species who
have been climbing for coal stocks the door OF the
Stock Exchange to-day. Whether the major minor
the big short seller sixties the littlc
SELLER threes Ursus has been stirred up by long
pole, to the dcectaton lockers and 10 the proht
OF the bulls.
1t Is evident that the Osborn Mills party mean busi-
ness, and to day thcy have attended to 1t faithfully
1t is they stand alone the bull movement that
there is help from that myth, the public, and that
Tho whole fraoas is nothing better than "strcet"
hgn; but they have nevertheless produced scare that
has frightened their foes into ITS Certainly iorny OF
This description better timed than at tho
present. IN OF the enormous short interest prevail
Ing especially the coal properties but the shorts
FOOLS and quick get in out OF the rain when
thcy see shower approaching. Whether the longs
will be equally lucky in getting OF their holdings
Rhen the have covered their contracts and
legitimate buyers found wanting, point to be
ettled hereafter. Meantime the coalition Is rehears
ing Its part--t may be that OF a modern Cr9sus: or
the contrary, that OF reconstructed Atlas bearing
Bpon his shoulders world of unstable stocks.
Az "epough" not ''as good FEAST. the
bull combination is credited with having gone Centon-
Iialward for a dash ut Reading, with purchases at
rom 20 %, and an advance OF the price TO 25A
which is the highest Philadelphia quotation Of to-
aay.
The fluctuations In New Jersey Central and Delaware
and Lackawanna have formed a gamut OF quotations
both up and down the scale which only reference to
the official list of sales give any idea Of The
Of the first marked by 2s5s and So and
OF the second by 81 and II "a these figures being tho
result OF prodgous transactions aggregatng a. 900
for Central and oS 500 for Delaware At the very
close the latter stock bid sharply up to Tx by
tha uhnp
severely and sending them homo disconsolate a.
tho eri at the gate OF Eden.
AS yesterday, public interest was completely
absorbed by tho coal stock speculation Lake Shore
the other railroad iancies remaining firm with trifng
variations in prico Ohio and Mississippi were shade
better to-day, and lost the weakness of yesterday
under the OF the mortgages from SO to
S. although the bears prophesy lower figures and as
scrt that the interest, though paid was not earned
The recent decline in Rock Island has been some
what oil mysery to the street. and in casting about
for thereof tho discovery has been made
that an unusual of stock held under hy
pothecation by the banks. Inqusisivo persons
asking whether investors have been quietly slipping
out whether the company itself has been seller Of
the whole any OF the 45, 600 shares which they
notified the Board several years since Of their intention
10 The right Of the corporation to mako such
Issue unquestoned, but it would be interesting 10
know II IL has been done.
The st. Paul stock yielded trlo under tho showing
decreased earnings, but the general market was 100
nrong 10 allow of much bsckslidpg in anything.
Although less number OF shares were bought in
nnder the rule for default OF delivery the premiums
paid Tor borrowed stock quite great as ever.
Delaware and Lackawanna loaned at u TO u, New
Jersey Central 4 TO 4 and Delaware and Hudson y to
y per cent for one days use
All sorts of rates made sellers options, al
u per for 10 days TO per cent for 60 days.
and In the case Delaware Hudson the differences
we're still moro extreme.
some OF the bears undoubtedly wish that sto-m
row. would come; for, though It "crceps in
petty pace" its arrival is suro, and likoy to be
welcome TO the proprietors of short contracta
Another twist to the machine is anticipated which
will cause some squirming and evolve in imaginative
minds lively recollecticns of the Inqusition with
lhumbscrew and rack
SALES
The transactions at the Stock Exchange to-day ag.
gregated 1877, 900 shares
New York Central aud Hudson, 2,1lO; Erie 200;
Lake Shore, y. 900; Cleveland and Pttsburg, 100;
Northwestern, 200; do preferred, 200; Rock Island
1850; Pacific Mail, 1850; ST. Paul, 1900; do pre-
fcrred 13, ZOO; Ohlos, 1850; Western Union. 200;
Wabash, 233 Delaware, Lackawanna and Western
ps 500; New Jersey Central a. 200; Michigan Central
s, 800; Delaware and Hudson Canal Company, 2,24o
OPENING. HIGHEST PRicgs
The following table shows the opening highest and
lowest prices OF the day