The New York herald., 1877-03-16
A Dull Market, Clos
ing Weak.
GOLD 1O4 90 A 1O4 3-4.
Investment Securities GEN
orally Steady.
Money Abundant at 2 a Per
Cent on Call.
WALL STREET,

THURSDAY March 1876 p NJ
The interminable railroad squabble which, like Ban
quo's ghost will not "down," but resists all attempts
to 'My'' IT, sprang up afresh to-day the dotriment
oi values.
This quarrel s becoung public nuisance, and did
II occur in physical shape would be speedily aoated
by the police.
Happening as 1t does, TO be wrangle among sapient
managers and opinonated freight agents, simply
sumes the proportions OF a scule among school boys
aud merits the punish Its puerility in the
shape OF a ool's cap and bells There Is q serious
phase however. which the managers of these COM
peitng roads seem TO ignore entirely and that lies in
tho disturbance of values which away woud-b
investors and alarms positive stockholders
The story to-day Is that the Lake Shore people have
been playing sharp their passenger rates.
tion with commissions paid to agents. and with refer
ence to settlement of local fares the Central
and Hudson and Erie roads, which would be likely to
mscarry II the advance through rates should be ad
hcred to. Acting upon some such story OF disagree
ment tho bears sold Lake Shore down from 61H to
50A and left 1t there the close.
Central and Hudson was influenced prejudically as
matter OF course, though per cent marked tho de-
cine the stock selling, It did at 941s At the close
with dividend OF 2 per cent or.
The Granger stocks remained firm during the day, ST.
Paul preferred on small dealing showing much firm
ness oLhe better showing OF earnings lately made
These are likely to como stu better for or two
moro, last years. business being comparatively slim at
TINS period. In April, however. the meagre
earnings Of this year will come In strong
contrast with the heavy ones OF last year, and
are likely to show an important dimnution. Michigan
Central, though comparatively dead to speculative
attention, was not mpervous to tho ratecutting inu-
ence Of the trunk lines, and suffered in unison. so
did Burlington and Quincy and Chicago and Alton.
for the same reason, but for fears growing out OF
Gould's combination of the Union Pacific, Northwest
ern and Rock Island roads, which is considered 10 be
Is that the shares of these securities coming upon the
market as they do from the strong boxes Of investors
bctray want Of confidence In properties which have
hitherto been deemed irreproachabe, and by inference
cast a suspicion upon the best stocks OF the list
The coal stocks for wonder, developed considcra-
Able strength dealings being less than for day or two
back probably from the fact operators waiting
the issue OF the coal sales before making an active
demonstration either ono way or tho other.
SALES TO DAY.
The sales Of active stocks to-day aggregated 1l2 GOO
shares, which were distributed folows:-New York
Central 4.s91; Erie. 2400; dc. preferred $50; Lake
Shore 20, 400; Wabash, 200; Northwestern, 200; do
preferred, 200; Pittsburg l35; Delaware Lackawanna
and Western, 43 097 New Jersey Central 70O Della
ware aud Hudson Can 1925; Michigan Central, 200;
Union Pacific, 100; Hannibal and ST. Joseph 400; do.
preferred, 200; Ohio and Mississippi 600; Western
Union, 1868; Atlantic and Pacific Telegraph, 5000;
Pacific Mail, 1,650; Quicksilver 30O Rock Island 200;
Fort Wayne, 457; Milwaukee aud St Paul, 300; do.
preferred, $500
OPENING, HIGHEST AND LOWEST
The following table shows the opening, highest and