The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-09
FINANCIAL and COMMERCIAL.
The Market Quiet and
Steady.
GOLD 1O5 IA A 1O5 1-S.
Government Bonds Lower but Firm at
the Close.
GOLD 1O5 IA A 1O5 Is.
RAILROAD BONDS IRREGULAR
Money on Call Easy at 1-2 a
8 Per Cent.
WALL STREET,

4,
Whatever depression existed the night before was
recovered from this morning, and the market ex-
hibiied commendable lrmncss during tho day.
There were some Irregularities, however, Western
Union and St. Paul preferred being inclined to sulk
and hold back from the general advance. The course
oil the Western Union Executive Committee in dodg-
ing tho dividend question was looked upon favor
ably and the price OF the testified to the fact by
declining from G4A to c3, though n. the end OF the
day recovered nearly the entire loss, the
port that dividend OF Ia per cent would be recon-
mendcd by the committee on Monday
The parties who purchased largely against seller 60
options with the idea Of pushing up the price and
and then launching thuuderbolt of cash stock upon
the market, arc disappointed IN that the scheme has
failed, and that they find themselves possessed
OF t'attum tuinen only for their pains.
The fact IS that the stock Is loaded
down with the weller weights OF vigorous opposition,
and it is easy matter TO make the running satisac
tory to hackers The ST. Paul stocks, noted, were
weak In comparison with the rest OF the Market busi
stil continuing unfavorabe and tho outlook the
reverse OF encouraging. Lake Shore reassumed its
position to-day first favortc, with dealings to tho
Of &C. 900 shares and at prices which advanced
from 5OA to 81 and returned to SIX at the close
Some Of the Twenty-thlrd street people betrayed
quite much anxiety to buy they had to SELL while
considerable Of stock taken tor the long
account More confidence is placed in the continuance
OF the present agreed to by the trunk roads,
and there further added the statement that so per
would be added to tho tolls OF Western bound
freights on Monday next
Al one time report gained credence that tho
Suspension Bridge at Niagara Falls had been
condemned as unairworthy, and quite a autter
accustomed thereby in tho price Of Michigan Central
and other roads. As 1t happens, however, that not
railroads, as whole, either commence end. the
speculation became considerably muddled, and In most
the Bridge story became veritable pons asin0
rum to those who acted upon it.
Tho anthracite fancies, without making much head
way opening prices, remained strong during the
day.
The refusal OF Judge Lawrence TO appoint receiver
for Delaware II udson like good mark to
schoolboy, and fact which the shorts had already
anticipated and acted upon, judging from tho loaning
rate, which to-day in many instances free from
premium Another element OF strength lent to the
coal stock lay in the report that new combination
was imminent, but nothing clearly was known
Of tho matter, and it may be simply
repetition OF the old cry OF Wolfl that has so FIRE.
quently startled dealers in their properties
Central and Hudson showed unusually active
business, IL, 600 shares having changed hands
between 95 and 81 tho price ut the close falling Off
some "a per cent II became known that Mr.. Wander
bilt had been purchaser at higher figures, and
fact stirred up the the danger of their
situation and set them climbing for shares the real
article does for apples IN geological pit
There was general Improvement in the bonds of
the coal roads, perhaps tho given for the
Bteadness of the stocks, and there inquiry
In this direction on the calls
Toward the close thore occurred slight In
The share list, but the market finished undeniaby
strong.
sALEs TODAY
The sales of active stocks to-day aggregated 1862 500
shares which were distributed as foows:-New York
Central - $50; Erie, 400; Lake Shore o6O75; Ceve.
land and Pittsburg, 400; Northwestern, 600; do.
preferred, 1,lO0; Rock Island, $40; Pacific Mail,
12OO ST. Paul. 800; Wabash, 400; Union Pacihc,
l,2l7; Delaware, Lackawnnna and Western 1860;
New Jersey Central 1920; Michigan Central, IL 900;
Delaware and Hudson Canal, $685. Quicksilver, 1000.
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest and