The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-19
A Break in Norris and ESSEX, with 4
Subsequent Recovery.
GOLD lO6 So A l6 IS A l06 So A l6 81
Government Bonds Steady and Railroad
Bonds Irregular
MONEY ON CALL 3 PER CENT.
WALL STREET, /
--tI 20 n II ~

"WEDNESDAY. April 1872 n.
Tho breath OF stcaming hot again from
the land OF Cossack and Turk and tho indces that
these nations after blowing hot and cold for many
day. win como to blows at last At least this Is the
Interpretation put upon tho telegram which announces
tho recall OF tho Russian Charge dAnaircs from Con-
stantnopo and sketches the purport of Prince Gor.s
chakoTs circular the Powers Curiously, the Gold
Room only moderately affected by tho nows the
price OF the commodity rising from 1861 to 1867 and
closing up at 1861. On the contrary the share mar
kct. particularly In later dealings was strong aud
cited with considerable eagencss exhibited to get
tho long side of the speculation. Whether tho mag.
mates OF the market have at last wakcncd up to the
belief that q foreign war will conducs to own
prosperity, whether thoy arc aiming solely at one
OF those periodical ana stcreotyped twists" which
leave things at tho end depressed than ever, Il
will take day two 70 demonstrate. At tho begin
ming Of the day affairs had anything but favorable
look Those kill joys, the fanccs like tho nro
patrol were hand with wet blankets to put out any
spark OF animation Improvement Delaware and
Lackawanna sold down from 50L to AK; Delaware
and Hudson from 401s to 3S1s. and Morris and Essex
from 70 to 665x. Matters looked black as Ercbus
ono OF their own coal miners. II shortly camo out
that somebody I'm defiance OF statutes made and
enacted against spreading false rcports) had set
story that tho interest and dividends guaranteed
motifs
wanna would not DO by tho latter company. The
rumor was n plausible one for II IS well known
that tho lease OF tho Morris and Esscx concern
has proved anything but prize package TO
tho Delaware lessee. II remember rightly
something over million OF money has been the cost
OF last years experiment. and the outlook certainly
docs not promise better results To be sure Morris
and Essex can tall back upon Delaware and Lacka-
wanna. but the question arises Whit has Delaware
and Lackawanna to fall back upons While tho Board
was cndcavorng TO solve this riddle Mr. President
sloane camc out with manifesto, empharcally deny.
ing tho likelihood probability OF any default being
made as reported, and with 1t came an immediate
change OF temper and a steady Improvement, which
added six points to tho market value OF Morris and
Essex and worked tho Delawares up to the best
figures OF the day. The further announcement on the
part OF the Lackawanna Company that the amount OF
coal TO offered at auction on the 10Th inst would
be restricted 900 TONS instead OF 100000 tons, as
advertised also tended in moderate way to add TO the
improved feeling Tho incubus Of the anthracite fan.
cies being lifted from off the market the railway
and miscellaneous stocks were proncred chance to
rise, which was availcd or Lake Shore, Rock
Island and Michigan Central were first aud foremost
in tho advance and added from to two points 70
tho morning prices which OF the list followed
nj respec tful but convaesccnt distance. Western
Union warmed up TO the work we'll advancing from
56X to SIX. TWAS stated that At the meeting OF tne
Executive Committee TO be hold to-day the initiative
would be takcn to further reduction Of rates to
Is cents per mcssage-in word, that tho rival CON-
many would be attacked with its own weapons. AZ
tho time Of writing nothing has boen learned concern
ing the matter The amount Of transactions, Gov ring
tho whole list, ran up this morning TO over 200 600
shares, and final dealings showed an Improvement
both In temper and price, 9ANl
Tho sales OF active stocks to-day aggregated 900
shares which were distributed as follows:-New York
Central, 2,l43; Lake Shore, 1850; Northwestern,
1.12o; Northwestern preferred 1000; Rock Island,
Il. 500: Milwaukee and ST. Paul, 400; Milwaukeeand
ST. Paul preferred $500; Pttsburg, 100; Delaware.
Iackawanua and Western go, 100; New Jersey Central,
100; Delaware and Hudson Canal, $500; Morris and
Essex, 4,s40; Michigan Central. 1i,s0O; Illinois Con.
trail 5000; Hannibal and 81. Joseph, 400; Hannibal
and St. Joseph preferred, 700; Ohio and Mississippi,
200: Western Union AZ, 27o Atlantic and Pacific Tele
graph, 2oo Pacific Mail, 1907 Pacific Mail preferred,
5o0
.t8 OPENING. HIGHEST AND LOWEST.
s.hL chny IN n