The New York herald., 1877-02-27
The Stock Market Active, With
Better Prices at the Close.
GOLD 104 rs A lO5 3-S A los.
Government Bonds Quiet and Railroad Bonds
Generally Lower.
MONEY on CALL EASY At sAs 1.g PER CENT.
WALL SrR.sr, |

MONDAY, Feb. 26-6 p NJ
Thero is such thing riding q willing horse to
DEATH and It Is questionable whether the bears, hav
ing mounted the hobby Of short sales, are not taking
too much OF their nag, weight carrier though he
be There we're symptoms OF weak kDees after mid.
day. when sharp check was given to the declining
market and turn upward maneuvred. which held TO
the close This particularly observable 10 Cen.
trail and Hudson, Lake Shore Western Union. the
FIRST named nearly recovering bad up which II had
made In early dealings from ok 10 OH, and the
other two gaming severally and points upon
opening prices The improved feeling extended also
the preferred Of the granger properties and to
Michigan Central while tho coal stocks struggled out
OF their chronic grimy condition into the comparative
cleanliness Of better figures. There do not appear to
be any particular reasons for this change OF base,
nor there any surety that the bottom Will not fall
out again a day Still the fact exists that the
bears have been carrying sail extent which
kcly land them any DAY among the breakers Of an
oversold market, while tho bull contingent stands
upon the shore, canniba thoughts intent ready TO
devour then. 1t most probable that the lively rally
is more attributed to this cause than to any con-
certcd action looking toward bull campaign, though
with the Presidential question settled and the approach
OF spriug the Inception Of such movement is pretty
sure to come Mr. Goulds new board commenced
operations day to the chaer OF the old concern.
willy operator for the purpose Of breaking down
commissions, and he has played trump
card In that the older institution has
made haste to volunteer such reductions az
will be generally acceptable TO outside dealers. The
Atlantic and Pacific Telegraph Company made to-day
such further reductions in their tariff as Will create
a Uniform rate OF twenty-five cents for a single mos
sage throughout the Eastern and Middle States. II
also reported that several Of the prominent di.
l, nd ~ onAn
this the price of the tell of slightly, while the
story was used to advance Western Union. The Rock
Island road propose substitute S1o 600 900 six per
cent forty bonds in place OF the 100000 seven
per cents and 900 per cents due in 1896, but
liable to redemption at the pleasure Of the company
aud also to issue as needed 900 additional poi
cents for the perman construction OF the road.
Tho following letter regard to the application fol
a receiver the Delaware and Hudson Canal Company
was sent to the Stock Exchange to-day
DELAWARE AND HUDSON CANAL CoxPAxr,(
NEW YORK. Feb. 26. I
The allegations in the papers served upon this com.
pany at the SUIT OF Henry r. Anderson an alleged
ockholder-althouGh not one oi rccord-w be fully
and retuted, IN whole and in detail rs soon as We
THOMAS DICKSON, President.
1t would thus appear that tho mysterious papers
have been served after all. unless Justice has been
again caught mapping. The ardent readiness of the
company TO and reute the charges will he par.
ticpatcd IN by stockholders and public ake and II the
allegations prove to be unfounded tin tho language Of
burnt cork let blame tor the annoyance rest upon
the head OF the 'algator."
SALES TODAY
Tho transactions at tho Stock Exchange to-day
aggregated 19l, 700 shares, which distributed
as follows:-New York Central and Hudson, osO0;
Eric, 1920; Lake Shore Al 100; Cleveland and Pitts.
burg 200; North western, 800; do. preferred, $500,
Rock Island 1850; Pacific Mail, 6l25 St Paul, 2,3O0i
do preferred, 6l00; Ohios, 700; Western Union,
So $40; Wabash, 900; Union Pacific 900; Panama. 500i
Delaware, Lackawanna and Western q, 600; New
Jersey Central, 4i5 Michigan Central IL. 3.40O Della.
ware aud Hudson Canal, 1910; Hannibal and st.
Joseph, 1900.
OPENING, HIGHEST AND LOWEST PRICES. ,
The following table shows the opening, highest ana
arica aoffh ha a =.