The New York herald., 1877-02-08
A Furry in Jersey Central and a
Sharp Decline.
Asiw Speculation in Western Union. S. Paul. Michigan
Central and Lake Shore
GOLD STEADY AT 1O5 5-9.
Government and Railway Bonds Gener-
ally Steady.
WALL STREET,
"WEDNESDAY. Feb. 7--6 z. II.

"WEDNESDAY. FEB. 7---0 r. M.
Much Of the Interest which has lately attached to
Western Union to-day shunted over to New Jer-
sey Central The announced meeting Of stockholders
was duly bold according to promise, and tho nuc-
tuations in the stocks mainly due to the flying
rumors that emanatcd thereirom. The meeting was
not satisfactory. The officers appeared TO have re-
solved themselves into society Of know nothings
and to have adopted the tactics of the mi ,cordo
witness In tho trial Of Queen Caroline.
Questions put to them TO matters Of figures were
treated like conundrums, and the guessing at
wild and unsatisfactory Governor Wells, OF the
Returning Board, had apparently been copied as q
model Of how not 10 know IT, and the information OBJ
tained was slim and unsavory that pro-
cured from the notorious ballot manipu.
iator. Fur instance, when tho amount OF
floating debt was inquired into Mr.. knight
tho president surmiscd It TO be about s2 600 ooo whe
MI. knox, the secretary, estimated 1t 10 be about
e3000U00 Eventually tho matter was compromised by
he President stating that was rising two and ono
nalI" Alter further toohpulling for facts upon
this point was elected that In addition TO tho above
Tho name OF the company was upon Lehgh and
Wkesbarro paper ndorser for 81 900 0o0 and that
In addition nobody had a correct idea OF how much was
owing for wages and kindred expenses. II was also
ascertaned that call loan for $780, 000 secured by
the ubiquitous bonds OF the Lehgh and wilkcsbarre
have the ability OF playing "many parts" was past
due and was only held wait the result Of this
meeting.
The pressing necessities of the company appear to
range between S. 00o 600 and $4,000. .O00 and u
plainly stated that II the amount Ut So 600 900 not
at taken by subscription that the road must so
into the hands OF . Previous the meeting
$780, 600 had been subscribed tor but not learned
what mad beon added pending the proceedings
The uniavorahle view taken of the company's con-
don reflected In the price OF the stock, which,
from the opening figures Of &C. dropped of to 22X aud
recovered to 231x at the close
The desire TO sell Western Union was eagerly
manifested ever in carly dealings and had tho effect
Of lowering the quotation per cent; later ON more
Iteadlness was shown and tho decline partially recov
cred from. Lake Shore, which had been held stub
bornly for Of tho day in close proximity to S.
gave way to sax during the last hour, and showed
little or no improvement at the lnish
1t seems pretty certain that cheating Is going on In
respect cutting OF freighs and apprehension OF
removed railroad contest is looming up In the distance
This fear had the effect of pressing considerable Lake
shore for SALE and excrted depressing influence upon
mo general railway market
THE SALES TODAY.
The transactions the Stock Exchange to-day
aggregated 100, 767 shares:-New York Central and
Hudson l230; Erie, 1900; Lake Shore 81. 900; North
western preferred, 24OO; Rock Island, 1850; Pacific
Mail, 1900; st. Paul. 1000; do. preferred, 5000;
Ohios, 1900; Western Union. "a, 400; Union Pacific
2so Delaware, Lackawana and Western, 81, 80; New
Jersey Central, 70 4so; Michigan Central 75O; ILL.,
nois Central $685. Delaware and Hudson Canal, 3,9oO
OPENING, HIGHEST AND LOWEST PRicRA
The following table shows the opening. highest and
Scxvo aoft tho dav.