The New York herald., 1876-09-20
FINANCIAL And COMMERCIAL.
Another Back Action in the Stock Market
Prices Lower and Speculation : everish.
GOLD 100 rs A 11O.
Government and Railway Bonds Generally
Steady-Money on Call l l-2 and Per
Cent-Foreign Exc ange Quiet.
WALL STREET, |

TUESDAY, Sept 10 /. NJ J
II by any stretch OF the grnation the Stock Ex
change can be looked upon as "Feld OF 'he Cloth oi
Gold-wnch Tor many years ii has been reality
but rather a sort oi all apidacd three-card monte
tabs--this morning migu have been considered
sort of practice day long and short knights OF
fortune. Sorry knights many OF these speculative
',jousters," moro ike Don Quxotc Than Bayard in
pocket and paraphernala aud gwen. after The manner
Of the former, to fitting at windmls in default ot
better adversaries. This mucH the case to-day,
the sport being known under the more familiar
name OF ''washng'-the pretence OF a market being
kept up by fictitious sales and purchases
While the leaders thus laborng to crcatc an
activity the humber knights falling upon each
other, hammer and tongs, While the unsympaihctc
public, for whom the arranged, sat in tho
gallery "hke patience monumenl," r" and made no
sign 1t vcritable brokers' market--a swapping
of Jackets shat simply ended in exchange Of gar
ments and added nothing TO the wardrobe whatever
market of this nature is devoid OF all significance Is
deceptive unreliable and ul Of pitfalls Tor the un-
wary The carly work ol the day impart
upward impulse the whole list, which was
particularly apprccinbe in the coal roads, the
Improvement being from TO "a per cent with New
Jefsoy Central leading conspicuously In the other
roads the good feeling prevailed, though the ad
vanos was less being restricted to tho limits of u to
o grievance OF its ana refused to keep step with
the other specuatives. gradually losing strength with
The hours until the closing quotation was nearly one
point below tho opening ard best price OF tho day.
fhe closing OF the books tomorrow may have some
with the decline, although the stock was IN
considerable demand for transfer purposes at pre-
MUM of l.32 per cent
Pacific Mail was entirely neglected, and, therefore,
steady church, the patry transaction OF 100
shares which fact in view of the stories whispered as
TO The extraordinary earnings Of the concern neither
complimentary tho acumen of the brokers nor to the
credit of tho company.
Before two O'Clock element (and probably the
only real one OF the day) entered the constitution
of the market upsetting laundry and washtubs, and
the schedule of prices with them. Central and Hud
son was again the offender, II had hcen during tho
last half day yesterday Recovering one per cent
from nights prices, II remained steady and neg
lected, until alter the ono O'Clock call, when tho
bears made dead tho stock, and in short time
hammered the price down from lul to 9s, skipping
fractions using seller 90 options at to per cent
concession from the cash prices, us instruments OF
depression.
The Commodorcs health was Of course, iugged In as
one of the reasons for the fall and to his was added
the moro novel OF unfavorable condition Of the
road's business, coupled with warning reference to
New Jersey Central awful example OF what
twcivemonth can bring iorth On inquiry thcre ap-
pears to be no basis whatever reports though
they have carried price to tho lowest pont Of the
last four years.
The weakness in Central was quscky felt through
the whole list dssipatng in most instances the entire
gain of the morning.
In contrast with the variable state f the share mar
ket the bond calls showed decided activity at higher
rates, the Chicago and Northwestern gold bonds aud
the mortgages the coal roads recording extensive
dealings important advance.
THE SALES
The transactions at the Stock Exchange to-day ag
rreyn,ed 112 900 shares. NewYork Central and Hud-
son, 71ss; Erio 1926; Lake Shore. 25,2o0; North
western, 500; Northwestern preferred, 900; Rock
Island 4,5lO; Pacific Mall 700; ST. Paul, 1900; 81
Paul preferred, 1000; ohios, l5oo; Western Union,
l4,O65; Wabash, 2,4Oo; Panama. $50; Delaware
Lackawarna and Western, II, 400; New Jersey Gen.
trail. 10000; Michigan Central 6,6od; Delaware and
Hudson Canal. 49,.
OPENING, HIGHEST AND LOWEST PRICES
Tho following table shows tho opening, highest and
nf o In