The New York herald., 1876-09-29
FINANCIAL And COMMERCIAL.
The Stock Market Irregular
Speculation Feverish.
GOLD 100 7-9 A 40
The Money Market Firmer at and 1-2 Per
Cent-Governmen and Railway
Bouds Steady.
WALL STREEr.


II Reading has met with such u precipitate tun-
Die while In the hands of Society oil
Friends, query what would have been It's fate
had It been left to the tender mercies Of its
enemies--he Twenty-third street party, for in
Btsnesf Not that Its destiny is settled as yet, for
Philadelphia brokers have shut up shop to-day and
airing their patriotism the Centennial, while the
stock Is left IN purgatory ot suspense until TO- NOR
Street quotations, however, name So as the
nominal prico, which gives clean drop OF thirty
points tho twenty hours. and in quckness
Of descent beats out of sight the decline of
more sluggish coal carriers
These Inter- sick enough at all times without tho
expected pill from Philadelphia were made swallow
additional bolus to-day tho shape OF q probably
we'll founded report that the directors OF the Delaware
and LackaWanna Company VIII tomorrow vote TO
"pass" tho usual quarterly dividend. II there be
foundation for the statement that the is
ming behndhand nt the ratio OF 500 600 per month
the step wise one though stockholders will not be
apt to look upon It In that light. 1t is only the first
step that costs. and this having been already taken
holders OF the security argue that resumption Of
dividends will now be moro difficult than ever.
There was another Improvement in prices at the
Delaware and Hudson sas OF 100, 900 OF ceal to-
day, which brought ngures almost up 10 schedule
rates; but there response the quotation OF
the stock Delaware and Lackawanna selling down
from 74,z 72H, and New Jersey Central osclating
between 25 " and 2651.
story Is told OF Reading, which Ii diff cult
10 digest without saltcellar, the effect
that the company itself has been the buyer OF the
large amount OF seller 60 stock at 49, and that tho
:hereof lay tho necessity OF supporting the
credit of the road up such time certain accept
inces Of the Philadelphia and Reading Coal and Iron
Company, indorsed by the Philadelphia and Reading
Railroad should mature and bs removed The story is
Of the street streety but II true, furnishes method
10 the apparent madness Of the AcCalmot Borie
'biaaton.
While the old bull party carefully dry nursing
Lake Shore (and Is curious notc In paronthcsis
how many stocks literally brought up botle
The malignants of the corner playing Horod
Sith the innocents Of the west
ST. Paul and the Northwestern specialties wero
roughly treated and suffered oamage the Of
per cent decline each class of stock though late
the day the second recovered the greater part the
loss. who the Arst closed only fractionaliy better
Tho falling or the receipts and the belief
that the stockjobbng directors have sold out and
have shipped the short side attack and
encourage tho attention Of the bears The market,
thus divided against itself, proves rather quandary
10 the street, which has been expecting the develop
ment Of q campaign to-day, either up down, the
result OF the pow-wow held at the Gsey House last
evening All the braves and bucks of the contending
factions said to have been present, and 1t
-umored the hatchet buried the pipe of peace
smoked and pul-together Arrangement settled upon
that was to bo pregnant with great results.
So far thore signs OF iccundny, and instead
Of "pul together" the days business has shown a
= ul devil pull tailor" order Of things anything tut
Iign ucant of a love least
Dealings in other stocks were limited and FREQ from
Excitement, and Will probably remain until their
turn comes for the artificial manipulation which makes
the market.
The transactions at the Stock Exchange to-day az.
gregatcd l5s. 100 shares. New York Central and Hud-
son, 1885, Erie, l10o Lake Shore 2s s3s Northwest
srn, 49, coo; do preferred, l5 ooo Rock Island 1885,
Pacific Nail, 1850; ST. Paul, 1000; do. preferred
.3,l60; 0hios, 1,1Go Western Union, $500; Wabash
LOO; Union Pacific 100; c. C. and l. c.. 100; Pan
ANA, 100; Delaware Lackawanna and Western, A. $50;
New Jersey Central, IA, SEQ; Michigan Central, 3000
Delaware and Hudson Canal Company. AHA.
OPENING HIGHEST LOWEST PRICES.
The following table shows the opening, highest and