The New York herald., 1877-03-15
FINANCIAL and COMMERCIAL.
A Dull Market, with Irregu-
lar Prices.
GOLD STEADY AT lO4 5-s.
Government and Railroad Bonds
Slightly Lower.
Money on Call Easy at 2 8
Per Cent.
WALL STREET,
WrpyrsnAy March IA - n

WEDNESDAY, March l4-6 +. N.
The pieces de resistance to-days market Lake
Shore, Western Union and Delaware and Lackawanna,
and SO proved themselves to be bear attacks.
As Tor the rest OF the list, It was simply garnure
that invited the attention OF such operators only
had no appetite tor the active speculation These,
with variety of tastes, spread the whole list
touched them gently as though surfeit might invite
indigestion. 1t was quito different, however. with the
stocks have named, Lake Shore beng particularly
active within fluctuations moderate enough In them
selves but sufficiently strong 10 invite the attention OF
the Morgan and Twcnty-thrd street parties. who
futtered from tho bear side the bull sdo as oppor-
tunities of profit offered There appeared to DO no
dennite set of opinion either one way the other.
but simply purpose to hit the nail
upon the head wherever chance Of gam
presented ITSELF which simply system of tactics
borrowed from Donnybrook FAIR Under fair count
Lake Shore would be returned q good purchase in
popular estimation, in spite OF all the stories told to the
disadvantage OF its earnings and to the depletion of
Its exchequcr account OF tho Ashtabula disaster,
and 1t is thus regarded by many Spectators both in
and out OF the street. Western Union renamed
steady, with no more variations than apt beal
respectable compass board, despite OF legal
threaenings as to its dividend formally declared
day at meeting Of directors and OF Mr. Keane's
forts to boost up the market price Of the rival stock
tEla capitalist was decidedly
cesstul, the quotation of Atlantic and Pacific beng
carried to 25S. though it subsequently fell back to
231 when it stated that Mr. Hatchs application for
injunction against further issue OF stock had been
granted. Afterward the prico advanced and finally
wound up at PAX The greatest variations OF the day
were to be found the two Delaware coal stocks both
OF which showed from n to per cent better figures at
the end than at the beginning This too, despite the
traordnary amount Of 225 600 coal be offered at
auction by the Pennsy vana Company next week and
the regular sale of 100 be sold by the Della
ware and Lackawanna concern few days after so
far from new combination being possible.
probable. It would appear that the great Pennsylvania
corporation has sat down to regular game of "beggar
my neighbor," and to drive to the wall,
by an inordinate supply of its product, even
at loss. oil competing producers who arc
less prepared to sustain the sacrifice. than
II is. II is nevertheless, well to remind
Intended buyers Of the terms OF the coal sacs
which is that the sellers absolved delivering
what they have sold provided strikes among the
miners should have occurred. The reduction fifteen
per cent lately made in tho wages OF operatives,
the news, less true, that strikes have already
been entered upon fair reasons to invite caution
and consideration Of the old legal maxim OF caueat
emptor The settlement of the Presidential question
has started into new life the market Tor the AZ per
cent bonds and such liberal have been taken
that call from the Treasury will necessarily follow
At the very close the bond and share markets were
Arm and the outlook fair better state OF things in
tho near future.
THE SALES
The sales of active to-day aggregated 10000
shares, which were distributed as follows-New York
Central 4,755; Erie. $780, Lake Shore SO 900; Wa
bash, 100; Northwestern, 100; do preferred 100;
Rack Island, l,66o; Milwaukee and St Paul preferred,
2,4o0; Pittsburg, 200; Delaware. Lackawanna and
Western, 4s,270; New Jersey Central, 1885, Delaware
and Hudson Canal. 4,1lO; Morris and Essex, 1856;
Michigan Central, $500; Union Pacific, 100 c., c.
l. c., 30O Hannibal and st. Joseph, 5O0 do preferred
soO OHIO and Mississippi l00 Western Union, 20 $685.
Atlantic and Pacific Telegraph, 5,947; Pacific Mail,
s100.