The New York herald., 1876-10-12
FINANCIAL and COMMERCIAL.
The Stock Market Irregular and Shade Lever,
with Decrease in Transactions.
GOLD STEADY AT los rs A 100
Government Bonds Quiet and Steady at the
Declile-Money on Call l-2 and
Per Cent-Railway Bonds Firm.
WALL STREET,

The bull party did not seem inclined to sit on the
safety valve this morning consequently there was less
steam made than for some days back no progress
Effected and scarcely power enough deveoped 10 stem
the In fact the advarce rather backward
than forward, most of the active iancics showing
tendency drag their anchors and DRIFT toward the
leo shore OF lower prices
The disposition to sell Lake Shore. noticed in our
last, prevailed again this morning among The pool
Sellers and the price gave way moderately under the
pressure Apparently the clique satisfied TO reap
moderate crop OF profits from their culture OF Lake
Shore TO give the field of their labors period OF faow-
ness which 1t has not enjoyed for many day.
On the principle of a bird in the hand being worth
two in the bush they may be right in their pro-
ccdure but way TO invite and secure the opcr-
alton of n resilient public they unquestionaby
wrong "sprngcs TO catch woodcocks" are not sprung
with clatter Tor experimental purposes the
bird eyng the bait, and outsiders not tempted
into speculation whom market gives way before 1t
has well got going.
Lake Shore, opening at last nights figure Of 5SA,
dropped of TO 81 before noon rallied subsequently to
SIX and closed evershly the latter quotation, the
pool having meanwhile led the market carefully but
copiously. The tactics OF the combination seem
10 be 10 capture the bears In detail and their attack
10 directed in turn to such specaltics show the
liveest short interest So to-day the bears in
the st. Paul stocks received q taste OF their quality
and were made TO squirm unpleasantly under ad-
vance Of Il per for the common and Ia for the
preferred, and this, too, under the apprehension OF
diminished receipts for the current week.
Next to the st. Paul stocks in point OF activity
Western Union, marked by quick rise OF
pcr cent though less than halt Of II retained at
tho end Tho annual meeting of the company was
held to-day at which the old board or directors
elected who in turn will choose executive officers
for the ensuing year on Friday. Tho presentation
Of favorable report Of the years business
gave start the stock above noted facd to hold
It. There is increase OF $40 900 In gross receipts
last year, which to bo expected In view Of
Centennial matters and the Presidential campaign, and
corresponding OF gross expenses OF $500 000
which seems 'intoerabe deal OF sack for limited
amount Of bread. An examination of the statement
in ertenso to ascertain tho precise stand
Ing OF the company and OF its ability pay per
dividends in the future
Dealings in the coal shares were restricted, with
tendency to lower prices, Delaware and Lackawanna
falling OF point and Central of New Jersey barely
holding its the close. Having been turned
adrift By the pool these securities have been left
wander alone like speculative babes in the wood with
. hazy future before them and avuncuar enmity
manifested by the continued bearish feeling.
Bonds were strong and in cases higher, with
fairly distributed business
The amount OF transactions In the share list were
considerably smaller than Yesterday, tho spccua-
tive feeling having cooled down and given way, in
some measure, to discussion OF the political situa-
Won.
SALES TO-DAY.
The transactions at the Stock Exchange to-day ag-
gregated l10. 900 shares:-New York Central and Hud-
son. 1ol5 Erie, 200; Lake Shore, 40, soo Cleveland
and Psburg zoo; Northwestern, 800; do. preferred,
GOO; Rock Island, 400; Pacific Mail. 800; St Paul.
$780, do preferred, roo; ohios 500; Western Union.
1880; Wabash, 1000; Union Pacific, 1907 c., c. & l.
C., 100, Delaware, Lackawanna and Western Is 1870;
New Jersey Central 1885; Michigan Central. L. 800
OPENING HIGHEST AND LOWEST PRICES
The following table shows the opening highest and