The New York herald., 1877-02-09
The Stock Market Active.
FeVerish and Irregular.
Further Decline in New Jersey Cen
tral and Western Union.
GOLD 1o5 SIS A 100 3-4.
Government and Railway Bonds Steady and
Others Of the Investment Securities
Stronger on Gail 2 and
2 1-2 Per Cent.
WALL SrR Egr.

THURSDAY. Feb. S--6 p n.
Tho Grape is st attached tho New Jersey Central
bell pull and the mourners who bought shares at hgn
prices and sold them at low ones arc disconsolate.
The general stockobbng public, however, having
hanstcd tho subject yesterday. less inclined
either TO discuss probabilities act upon facts. and
consequently happened that transactions tell OF
half In amount, whlo fluctuations became decidedly
less violent Something over 81 000 600 IL said
boon subscribed toward the $3 00O, 900 certificates,
but this Is contingent upon the whole OF tho latter
amount being takcn IL is not probable that COM
pany has been able touch the money as yet and
consequently becomes question OF interest learn
how the payments stated to be due to-day were pro.
vded tor In this connection IL appears that MIR.
knights hopeful declaration that reconsruc-
tion OF the coal combination was Imminent
was based rather upon the wish being father
to the thought than upon any established
facts, for upon inquiry we are informed that what.
may be the disposition of companies Della
ware and LacKawanna will positively refuse to join,
and thus render nugatory any efforts to restore Tie
monopoly.
Western Union and Lake Shore SKINNED the
OF the days business, with transactions nearly evenly
divided but which, together, amounted o. 600
shares.
These were made to declining prices tho Grst losing
at one time per cont and the second per cent
the highest prices OF Tx and 53,S, although at the
end Of the day fractional improvement in.
The Twenty third street party. who were somewhat
timid when Western Union rising, are bold us
sheep now that 1t is receiving kicks than
ha'-pence ana manifest their courage by offering
wagors OF any part OF $50 900 that the stock will sell
at 65 thiu year and additional of $4,000 that
the company Will not pay per dividends
for the same period.
This species of bear denomination Is known IN
street parance ''chin," and Is legitimatoly con-
nected with ''cheek," this latter being part Of the
stock in trade of every thoroughbred stock gambler
Lake Shore further enieeblsd by the prevailing
fears Of fresh railroad war.
IL is true these stories have been emphatcaly con-
tradiced but there be truth in this, Is per-
mitted to inquire whence the necessity Of meeting
Of freight agents In this city to examine COM
plication which does not exist?
Tho granger stocks experienced q fresh turn Of
weakness to-day, Northwest common and preferred
losing respectively two and three points opening
prices. There was suspicion that Jay Gould had
hand In tho matter and that sharp stick was being
pointed TO punish tho treacherous brokers who had
''gone back" upon him in the Western Union matter
The entire market was subject TO irequent luctua-
tions OF moderate degree chiefly confined, however,
to the prominent favortes, and generally tended to
lower prices though the half hour some little
recovery made.
THE SALES TODAY.
Tho sales to-day aggregated 167,0 900 shares, which
were distributed among active stocks follows
New York Centraland Hudson 1920 Erie, 1853; Lake
Shore, A. ESQ., Northwestern, 1900 Northwestern pre-
forred $3.50; Rock Island, l07O; Pacific Mail, !, AGO.
ST. Paul. 400; do preferred, Z. 200 Ohios 90O West
Union. A. 925; Delaware, Lackawanna and Western,
% 750 Illinois Central 1866; Delaware and Hudson
Canal, 25oo Michigan Central, 100; New Jersey Gen.
trail 13 y70.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and