The New York herald., 1876-10-08
The Stock Market Active and Firm-A
Stronger UndertOne.
GOLD 100 IA A 100.
MONEY ON CALL 2 liz AND 2 PER CENT.
Government Bonds Weak Railroad Bonds Dull
and Steady-The Bank Statement.
WALL STREET., [
SATURDAY, Oct 10 p. N. I


Those busy bees, tho operators for rise having
sucked tho honey Of the coal stocks tnoi without
leaving their sting in many BEARS cutice are swear
ing to-day about their old avorite Lake Shore There
arc sweets sti to extract II there Is any faith TO DO
placed the work done to-day which has moved the
price up three points and tho at the close
tull Of promise for Monday. To all appear
the manipulation OF the anthracite shares has
bcen unqualified success Tho combination having
very ceverly avaed themselves of the opportunities
offered by extended interest, found market nearly
made their hands when tho time 10 realize arrived
They lucky, too, we'll as wise, for unexpected
aid TO them in tho shape OF q considerable de-
mand part Of certain investors who
In . hurry 10 get out when shares were
falling, were In an equal hurry to get
In again when they found them slowly but surely
rising II 10 held that 1t is 'beter TO be lucky than
wise but friends the investors seem to have been
neither tho tho other, for they havo "soid
cheap bought dear" and their bargain looks like
pig in poke in the light of to-day's figures
Delaware and Lackawanna has rccedcd from TAX
to 70h, and New Jersey Central from 4os to
3ok, tho former being tho highest prices madc
during the upward movement and the latter the clos.
Ing ones Of to-day. Tho Mllls-Osborn party having
squeezed the sponge OF the coal avores are undcrak
Ing to sop up such PROFITS us are TO be found in
Lake Shore and they have worked with will TO this
end MS the sales so 900 shares and advance
to-day OF from 55ss 10 5S,s will testify. It
Is probable that the end is not yet, for
the advance SO far is but a small gain upon
the price which ruled month or more back.
and there exists belief among large class of specu-
ators that the intrinsic value Of the property greater
than that of the highest priced coal stocks at
present figures In addition, the road Is known to be
dong a very large business aud paying one even
under the reduced rates. which latter 1t with some rca-
son expected will shortly be advanced considerably. 10
,act, report that terms OF peace and amy between
.he great trunk roads had already been declared
astrong element in tho advance of to-day, though
nothing official had appeared up to the close of busi-
ness Though the glare Of the speculative lime light
thrown in its intensity upon Lake Shore as a
prominent figure, there plenty OF rosy rays to
brighten up sister railways Central and hudson,
Michigan Central, Ilincs Central and tho granger
stocks all show a handsome advance the days
business and in most they retained 1t at the end
while among the miscellaneous shares Western Union
Improved traction and Pacific Mail remained steady
under increased transactions
Although the record OF sales exhibits considerable
falling amount from yesterday, tho market pre-
healthier and less artificial appearance, and
the Improvement partakes of legitimacy and less
OF pitched baltic between contonding factions than
did that of the day before
Next week viii probably develop the fact 10
whether tho rise OF the past lew days is duc simply TO
speculative spasm, or whether the Improvement IN
matters OF trado and generally has at last
wormcd itself into tho purleus Of the Stock Exchange
sALRs TO-DAY
The transactions at the Stock Exchange to-day ag-
gregated 1856 s24 shares:Now York Central and Hud-
son. 1880; Eric, 43o0 Lake Shore, 30, l2o; North
western. 4oO do, preferred, $685. Rock Island 500;
Pacific Mail, IA, 7Oo ST. Paul, $500; do, preferred,
$500; Ohios, 500: Western Union, $3.50; Wabash,
6421 Union Pacific, 600: Delaware, Lackawanna and
Western 40, ,45l; New Jersey Central 14695; Aichi-
gan Central 1l,loO; Delaware and Hudson Canal Com
pany, 1872
OPENING, HIGHEST LOWEST PRICES
The following table shows the opening, highest and
lowest prices OF the day