The New York herald., 1876-09-01
FINANCIAL AND COMMERCIAL.
A Steady Market-PrceS Higher and Firm
at the Close.
GOLD 100 rs A 100 ga 40.
Government and Railroad Bonds Quiet Money
Oh Call Easy at l-2 "a 2 Per Cent
WALL STREET.
THURSDAY. August 3l--6 +. II.

+.
Both bears and bulls had their innings to-day, and
II difficult ascertain which made the largest score
in the game Of speculation. The former opened the
play by general attack upon the whole market coal
railroad shares being in equal degree the
recipients OF their attention. Contrary custom the
anthracite fsnces suffered least OF all, showing
bold face to the enemy, as though they had been
brought to bay and meant to make stand Tor
once at least In the railroads, however, such
Lake Shore, ST. Paul. Erie and Ohio and
Mississippi, The case quite different values
sliding or though they travelling upon slippery
ground and feared to topple at any moment AS
p rule bears think Of pouncing upon the
market without being armed and equipped with an
arsenal Of reports canards than does
pencr Of going TO work without his TOOLS and to-day
was exception.
AS general deprcssor the news of important
failure the iron Cleveland Ohio, and of
another in the hat trads at Newark, N. j.. used
with marked effect while special probes TO tho
wounds thus created employed instruments OF
torture fitted to each particular security.
Thus Erie dropped from IL to 9s4 under a rehash OF
the old foreclosure story which was said to DO the
"farewel arrangement" that Mr.. Receiver Jewett
bringing homo with him present to the common
stock holders.
The dividend rjunotion business sharpened up
for additiona prod unfortunate ST. Paul. and the
common stock broke under the thrust from 81 u to 29
nd the preferred from 656 TO 64.
Ohios and Lake Shore were evidently In the
boat though the craft was anything but Beaverwyckian
in its characteristics In respect 10 the latter stock
there evidence that the Twenty third party
were having their fling at 1t (bearishly inclined as
ever) while the yachting party showed but little inc
nation, or may be power, to prevent tho break down
from 81 to 52h, which occurred during the morning.
nh tl,o
fcrred to- applied in greater or less degree to the
whole list though tho recession of prices in other
shares was not so marked Toward O'Clock how
ever, complete change took place in tho temper OF
dealings, and the market like Linden after the battle,
quickly 'saw another sight" pleasant sight for the
bulls for like the 'pres,o, pass ~ of juggler. there
came quick turn upward in prices and active
scramble the part OF the shorts to their
tracts Advancing this way the close OF business,
the last quotations generally equal TO the BEST
ard in the highest Of the session
The feeling to the future course OF stocks Is a
mixed one strong bearsh feeling exists but it lacks
the confidence which marked IT few weeks back
Shorts watchlul and are quick to cover at any
demonstration of rise; they Sleep / were, upon
their arms not knowing how soon they may be called
into action Bulls, the other hand. are observable
Tor talk than action, and though they believe
that the good time coming not very tar of, exhibit
but little inclination to bet much money wishes
which may be but fathers to their thoughts
The transactions OF the Stock Exchange to-day ag-
gresated about III 900 shares New York and Hudson
100; Eric, II ESQ., Lake Shore, 33 2oo Northwestern,
1000; Northwestern preferred, 6,070; Rock Island,
T. 100; Pacific Mail, 1890; ST. Paul, $780, ST. Paul
preferred 2o,45o; Ohios 4300; Western Union,
l6 O56 Union Pacific, 100; Delaware Lackawanna and
Western 81, 100; New Jersey Central 8, ,525 Michigan
Central 1000
oPKNIXG, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and