The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-23
FINANCIAL and COMMERCIAL.
Continued Depression In the Stock Market
Prices Generally Lower.
GOLD 1l2 Ia A 112 So.
Money on Call and 1-2 Per Cent-Gov-
eminent Bonds Active and Firm-Railway
Bonds Steqdy-Foreign Exchange Quiet.
WALL STREET,
=. -. N ~ A.


The old ducal motto OF s'bcar ana iorbear" would In
the punnng sense which can,ing arms, and
in a natural history application be sDgulary appro-
pirate descriptive OF today's market The course
OF business was thoroughly bearish and for bears
their administrators and assgnees There was selling
OIL Of the whole the start the coal stocks leading
the way rs II they rather liked tho movement from
their experience OF last week.
OF course New Jersey Central and Delaware and
Lackawapna were in the van OF the movement, the
decline the IRON siis to 79!, and OF the latter
from los 102,s will bear witness. Investors still
continue bring their holdings market under the
whip and spur OF daily shrinkagc IN values and the
highwayman short interest depetes them the why
with the and deliver threat Of seller 60 options
Western Union and Lake Shore were affected in a
minor degree by the weakness OF coal spcciaties
but sufficiently carry their quotations down to tho
lowest points in several weeks the first touching ca =
and the latter 5iss.
Central and Hudson again attracted more than ordi-
nary interest to-day and though there scarcely
any yielding in price the stock rather freely
offered a concession from the regular selling rate Of
per cent seller 60 options.
This growl the part OF tho bears is very loud
and very omipous one Also ana appears be elected
from the belief that the Commodore's chances Tor
restoration health than doubtful, and that
under any circumstances the figures for the stock
nrtfcially high in of the shrinkage which is
taking place all sorts of properties. Like the Coal
stocks there very little OF procuraolc for speculative
purposes hence operators have RETAINED from SELL
ing 1t short, but there doubt that sharp Decline
resisted by the Vanderbilt interest," would shake
out shares quite quickly has happened in the
OF the anthracite carriers.
The price OF Erie cabed from London at liz, had
depressing effect here and carried tho figure down
10 49, TO the satisfaction OF bears generally, and of
Valentine and Orson particularly.
AS usual Pacific Mail full of contrarities, and
rather advanced than reccdcd with the rest OF tho
market and, in fact, the day closing, proved
the magnet which drew the prices Of the whole list in
The direction of better figures Hoverng about % for
the OF the morning IL later commenced to nd
under the information that such legal steps had
been taken as would assure the election for new d
rcctlon being held Saturday, and it closed with
great nrmness 2i,s 1t had the effect also OF giving
hIp to the entire market, advnncing Delaware and
Lackawanna to 1887, Lake Shore 10 52iS, Western
Union TO G5t4, a,d Now Jersey Central to 81.
As for tho remaining securities dealt In the floor
Of the Stock Exchange the less said OF them the fewer
words needed.
THE SALES TO-DAY.
The TRANSACTIONS at the Stock Exchange to-day ag-
rregated 1ss 400 shares-New York Central and Hud-
son. 1906 Erie, e, $50; Lake Shore, 6S 500; North
western 400 do preferred 700: Rock Island 700; Pa
cnc Mall 18 100; ST. Paul ,lOo do preferred, 400;
ohios, $500; Western Union, $4,000; Wabash, 100;
Union Pacific, 1900; Panama, 100; Michigan Central
1850 New Jersey Central, 1875; Delaware, Lacka-
and Western, 5000; Union Mining Company,
i.400; Missouri Pacific, 500.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows tho opening, highest and
i...