The New York herald., 1876-09-10
FINANCIAL and COMMERCIAL.
Stocks Generally TRANSPORTATION Mode
rately Active and Fairly Distributed.
GOLD 100 7-S A ITO 3-S.
Government Bonds Quiet and Firm-RailrOad
Bonds Irregular, but Generally Strong
Money on Call Easy at
1.2 q 2 Per Cent
WALL STREET,

SATURDAY, Sept 9-6P. n.
short sellers to the bulls what the goose that laid
the golden egg the farmer, and they are stu
pdly brought TO The slaughter was the auTiierous
bird, when their functions most required This 10
particularly true OF q market like the present one
which evidences but mere suspicion Of outside sup
port and owes its main vitality the purchases OF
bears driven to AS these latter disappear
from the market with them vanish At once both sup
port and cus,omers-the goose has been killed by the
Avarcous bulls and the whole process has to be COM
menced de moro
Something like this occurred to-day. There was
in the market TOR oanng and borrowing
stocks, rates showing very decided decline in the
prominence obtained during the last few days, fact
which ought to prove very considerable dinnution
OF the former short interest Added to this we have
y Market more remarkable for Its strength than ac
t,v,y and tendency at the end TO lower average Of
npurcs as the result of dmlni shed demand.
rpe two elements OF demand and supply being, as IL
we're, IN equbro to-day, tho usually active stocks
vere marked by few changes of consequence; nor
there any tacs or rumors, nor ANYTHING of par
icuarly good report evil report to disturb the
placidty OF business
The bulk Of the days work centred In the coal
stocks New Jersey Central running up from 81 to 33
under the impression that cureall had been found
Tor the company's maadies in problcmatical place.
ment Of So 600 900 additional mortgage bonds and
general reconstruction of its board OF management
What particular property in tho power OF the COM
pany TO ''spout" FREQ from tho lien OF the first mort
yages the consolidated hrss tho convertbles and the
Lehgh and wkcsbarre milestone was not mentioned,
acther we're the names OF the generous parties who
10 advance the money.
Delaware and Hudson and Delaware and Lackawanna
in u steady, though Morris and Essex
fol oH fron tn m cd sale of
shares under occult influence probably from the
Luckawanna quarter.
Lake Shore and Michigan Central, which seem TO
have resolved themselves into band OF brothers, al
slough Of somewhat limited numbers. went up and
down the scale of prices together with great unanmy
Unfortunately their weakest showing at the end,
despite OF tho ocnl yearly report of Lake Shore just
published which a cursory examination appears to
be highly favorable, and should have had an equally
favorable influence upon the price
A slip downward to 1919 created some business in
Pacific Mail which subsequent rally to 20S checked,
tho decline having simply developed the fact that
some holders Of long stock, sick Of It's stagnaon, and
probably OF his bargain. had essayed to sell to market
which contained buyers.
In the bond market the mortgages of the Western
roads were in demand at higher figures, aud the
maindcr Of the list steady except the weak spot Of
the New Jersey Central which do not appear 10
improve under the threatened addition to the family.
The market three O'Clock closed fairly steady but
with tired air, though worried with the activity OF
the work.
THE sALEs TO-DAY.
Tho transactions ut the Stock Exchange to-day az
Ercgated 1850 shares:-New York Central and Hud
son. 100; Erie, 100; Lake Shore, 1000; Northwest
ern, GOO; Northwestern preferred 100; Rock Island,
p0O Pacific Mail. IL. 400; ST. Paul. 5000; St. Paul pre-
Icrred, g, $50; Ohos, 6Oo Western Union, 4,3oO Pan
ans, 300: Delaware Lackawanna and Western 1880;
New Jersey Central. 1880; Michigan Central, $500;
Delaware and Hudson Canal, 1890; Norris and Es-
sex, s30
HIGHEST AND LOWEST PRICES.
The following tho highest and lowest prices Of