The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-21
FINANCIAL AND COMMERCIAL.
A Sharp Decline in Stocks-Investment
Securities Under Pressure.
GOLD 11s !-s A 11s.
Money on Call Loans and Per Cent
Government Bonds Steady and Active
The Silver Issue-Foreign Ex-
change FirIncr.
WALL srRKxr,

THURSDAY, April 20-6P II
"Black diamonds at homo are, apparently getting
much out Of favor as the saffron hucd ones that
come from South Africa IL may judge from the con
dtion OF the companies that bring them TO market
This manifested to-day in the serious decline IN
tho shares OF the coal corporations which usually
Afford but little speculative interest," being mostly held
Of the market investment account Yet
to-day they were pressed for sale though the
entire business was DO transferred 10 Newcastle
forthwith New Jersey Central fell from 095s to S6K
Delaware and Lackawanna from lla to lOe whilc from
Phadelphia The price for Reading quoted at S. or
ten points or from yesterday At one time, on an OPP
ton OF seller 80 there difference In tho shares OF
Delaware and Lackawanna between tho time contract
and previous cash sale OF 3H per cent, while * per
cent was offered for tho period In New
Jersey Central From this II Is evident that the bears
are looking for still lower prices, which they believe
will prevail from depressed state of tho coal trade
and the Improbable leases and mining Investments
with which the companies loaded. At the close Of
business however, the shares above referred to cxpe
rienced trifing improvement
In tho railroad iancies Lake Shore and Michigan
Central the Castor and Poux OF the market-the
spar mobile ratrum-that up tho scale OF prices
together and down again, and remained steady
rs though they were ruled by single
impulse Or Ike the youthful hero md
heroine Of Mother Goose, VINO climbed tho hill to Ill
their pail and came to disaster as many another
watared stock has done before Michigan Central got
The worst of the fall for It measured by the dis
lance between 52s and ST. while Lake Shore stumbling
At the point Of 55ta. brought up somewhat shaken ut
Ass or course, In both Of these stocks there were
fluctuations between the points have
named, those or Lake Shore being small and
sluggish, while the reverse wus tho case in
Michigan Central There nothing new in
the way Of railroad intelligence TO further affect tho
market. and the to be floating out to sea on
the ebb tide which has for week past been flowing
strongly.
While railroad shares were heavy declining, Pacific
Mail and Western Union fixed and impassivo
Patience monument" smiling al tho grief the
rest Of the list coming TO. At tho Close however
they gave way somewhat with tho rest Of the list and
under the belief that Gould was selling
THE SALES
The transactions tho Stock Exchange to-day
aggregated 147 900 shares which distributed as
folows:-New York Central and Hudson. go; Erie,
H. 100; Lake Shore, A. 200; Northwestern 5000; do
preferred 1000; Rock Island 600 Pacific Mall $3.50;
ST. Paul. a0oo do preferred, g. $50; 0hios, ESQ; West
Unon 80, $780, Union Pacific, s0o Michigan Central
1885, New Jersey Central $500; Delaware, Lacka-
wanna and Western, 1870.
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening, highest and
inx, off lou