The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-24
FINANCIAL AND COMMERCIAL.
The General Market Steady-Further Decline
in the Coal Stocks.
GOLD 40 ga A ITO rs.
Government Bonds Firm-Railroad Bonds
L0wer-lloney on Call Easy
at o Fer Cent.
WALL STREET,

WEDNESDAY, August 23-6 r. NJ
Tho throwing up OF the sponge the part OF tho
anthracite combination produced It's nrst effect this
morning in general squeeze out of investment
holdings. The long-surering stockholders, who had
hoped on lost faith in the monitor to "hope ever''
and eager exchange the 'fancy sd article for
tho more substantial iucre Steady dividend collectors
whs have been waxing fat from the spells of the
monopoly began to believe their occupation gone, and
feared that future disbursements of like pleasant
description would only be seen, as Hamlet saw his
tatner Sin thor minds eye" SO there general
stampede Black diamonds were cheaper than paste,
and for n time TO bid to buy, the price being of
secondary importance to effecting sale.
OF course, the bear element not slow in helping
matters from bad to worse and successfully compen-
for tho disappointment which prevailed when tho
stocks refused break yesterday, the news bccom-
ing known
The amount OF transactions for a single day on this
class Of stock Is Unparalleled Delaware and Lacka-
wanna footing up 70, 600 shares New Jersey Central
$4,000, and Delaware and Hudson 2.l00. Fluctua-
lions upon the SCALE the extremes in Della
and Lackawanna being 9li4 and IS, and IN New
Jersey Central 57s4 and 52h.
Between the extremes quoted above there per-
ect Kaleidoscope of variations which changed rap
Idly as do the bits of glass in the instrument and with
shades OF color sombre vivid as viewed through a
long short medium.
Quite late :he day the excitement subsidized, and
n camer Of things an Improvement set in
which at tho close left Delaware and Lackawanna at
%, New Jersey Central at 3d. and Delaware and Hud-
son at s5H
Taken altogether 1t has been the biggest game seen
At the Stock Exchange Tor many day-a game in
which tho bears held all the full hands, from
which the bulls out blue az the chips they had
been playing with
However disastrous the present results may be to
bona .dde investors, the dkmemberment of a ring
which had become not only odious the public but
most damaging in its effects upon commercial and
manufacturing interests is greeted with intense salts
faction 1t is felt that least incubus has been
removed from trade, now struggling to its feet and
that restoration OF the various industries in which
cheap coal plays SO large part may good timc fol-
low
Public attention was so entirely conferred in the coal
stocks that other specalties, usually active
were as liteess the proverbal door
nail Lake Shore, TO some extent. proved
IN exception, cutting away from the anthracite
shares las did. indeed, the Of the lst and main
!aning strong front the entire day. 1t is quite evil
dent that the Mills, Morgan party again trying their
prentice hands TOR another upward turn, a possible
proof that they sick of their last effort,
less indeed they returning with the feelings that
prompted the dog in the adage
On the bond call securities connected with the coal
properties were lower, III sympathy with the decline
the shares. while the of the list remained firm
nth moderate dealings
THE SALES
The transactions Of the Stock Exchange to-day ag-
Tegatcd 100 600 shares. Erie, 700; Lake Shore
O,SCO Cleveland and Piltsburg, 500; Northwestern
90; Northwestern preferred 400; Rock Island, 300;
Pacific Null, 100; St Paul. 900; ST. Paul preferred,
400; Western Union, 5000; Delaware, Lackawanna
and Western, $4,000; New Jersey Central 3d.
Michigan Central. $3.50; Delaware and Hudson Canal
2,1OO
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and