The New York herald., 1877-02-10
FINANCIAL And COMMERCIAL.
aet
The Stock Market Dull
ana Weak.
FURTHER DECLINE IN JERSEY CENTRAL.
Fall in New York Central, Burlington and
Quincy, Delaware and Hudson,
lnd Erie.
GOLD 1O5 ga A 1O5 rs.
lee non
FURTHER DECLINE IN JERSEY CENTRAL.
GOLD 1o5 ga A 1o5 7-s.
Government Stocks Firmer-Money on Call
Easy at 1-2 1-2 Per Cent.
WALL STREET.


7, W.
Tho weight OF the coal stocks hang as a milestone
about Tho neck OF tho Market they not drag
pr,ccs down to lower depths, Mt least prevent their
heads from rising above water The lighter New Jersey
Central grows in point of value the heavier is 1t to
support In the way of market price, and to-day every
effort toward bostcrng Intellectual in preventing
collapse 49, to the lowest figure yet reached the
record OF its disastrous fall Nothing was heard with
regard to additional subscriptions the So 900
]. o. US, and nobody inclined to experiment
upon tho truth Of the provorb that "no s good
news" and buy for rise On the contrary popular
opinion prevailed that the jig about up, and that
those who chose to dance upon the long side OF the
count would have to pay tho piper IN the
guse OF receiver. Why this useful functionary
should be looked upon with such feelings
Of fear and distrust is an enigma especially difficult
Of solution In tho present instance, when little harm s
left to bo done by provisional officer. be he who he
may since pretty much all the has already
been completed under the regularly constituted
authority OF the company
Tho Anthracite Delawares were hearty sympathizors
with their unfortunate confreye, and expressed II
by showing decline in Delaware and Hudson from 5S
to 81 and in Delaware and Lackawana from e9,4 to
6s1s; during final sales, however, all thrce coal stocks
showed better figures by "a TO Il per cent
The most remarkable feature OF tho day observ-
able In the desire manifested to sell Central and Hud-
son and Chicago, Burlington md Quincy. Transac-
lions. II is true not large but thore was evil
ienced disposition to attack these through tho
medium OF seller 60 options at concession OF per
per cent tor the iormor and per for tho latter
upon the cash price,
The annual statement OF the Chicago, Burlington
md Quincy Company offers nothing to invite attack
but rather the reverse, after deducting working
expenses they show net earnings for 1876 to tho
amount Of So 0O0 Subtracug from this 81 500 600
for dividends and interest therc $S63 600 10 be
added TO the already existing surplus of $5 TOO OoO
But for tbese periodical attacks upon sccur
tics which stand In high favor be sought for IN
pthcr directions than In scrutiny Of balance
heets and to be found in the severe shock gwen
10 public confidence by the late career OF the coal
nocks No properties bid higher for public confidence
year ago than did tho anthracite stocks and their
woiul declension has excited suspicion in the minds
ofnvestors OF all kinds Of high priced properties and
with 1t disposition to realize at the iAvtng prcos
offered.
To feeling Of this kind wo think s traceable the
lction above noted.
Western Union and Lake Shore on less business
han usual ie under the lead OF the coal stocks the
pools having evidently gotten rid Of their loads which
they are unwilling to assume again just at present
The Atlantic and Pacific opposition to the old company
rs being daily looked upon with respect by stock
anu mas ueTlVcu new stTengtn from the
olidation fasco OF last week the eecment of the
monopoly from the lines and business OF the Baltimore
and Ohio Railroad.
Erie fell OF to under reports that the plan of the
English bondholders would not be contaminated and
Ihe Granger stocks likewise weak in a natural
way, simply because they have been lately made ar
h1cialy strong by the pools that control them
y Al the close OF business some little Improvement
took place generally, but enough 10 warrant any
prophecies Tor tomorrow.
raii THE sALEs TO-DAY.
The sales of active stocks to-day were as folows:-
New York Ccntraland Hudson, 73o Erie, $50; Lake
Shore, 20 500; Cleveland and Pittsburg. 150; North
western, 100; do. preferred, G,O00; Rock Island,
1900; Pacific Mail, 2025 ST. Paul. 100; do preferred
= $500; Ohios, 200; Western Union, 49, GOO; Wabash
2O0 Union Pacific, 400; c. g. aud c.. 600; Delaware
Lockawanna and Western, &c, $50; New Jersey Central
~ 1885; Michigan Central 800; Illinois Central l. 15o
Delaware and Hudson Canal, 4, 46o Chicago, Buriing.
ton and Quincy, 9s2.
ADVANCE AND pEcLxg
The following arc the changes closing prices as
compared with those OF yesterday
? ADVANCE. Atlantic and Pacinc Telegraph y: Lako
Shore u; Morris and Essex, = Northwestern pre-
ierred, TX Ohio and Mississippi, u; Pacific Mail X
Wabash. ~; Western, aa United States Express, /,
DkcLIsn-New York Central x; Burlington and
Quincy, 3N; Chicago and Alton, x; e., c. and /. c..
is G. t., 6. and l., 2ls; Delaware and Lackawanna,
u Delaware and HUDSON 31S Eric, x Hannibal and
ST. Joseph preferred, 1< Illinois Central, "a; Michi
gan Central -; Jersey Central, 2k; Northwestern
common, u; Rock Island Il; Union Pacific. u.