The New York herald., 1877-09-12
The Stock Market Fairly Ac-
tive andWery Weak.
GOLD 103 1-2 A 1O3 3-S.
Government Bonds Lower, States Dull and
Railroads Lower.
Money on Call Easy at 8 a 8
Per Cent.
WAL Srpyrr

WALL STREET.
TUESDAY, Sept. 1l-6 p. H.
The long stocks which have been ooEng into the
market for several days past last finding vent in
the shape OF very perceptibe stream IL was strong
enough to carry down prices before it ana even
10 create fears OF reshet to come With the excep
zion of faint rally about the course OF prices
vas steadily downward, and the lowest quotations o
the session were made in the latest dealings. Either
somebody had Skipped the market was being let
down for the purpose OF trapping fresh line OF
shorts-so SAID mystiled operators, who were about
evenly divided to the value OF the two theories.
The drop in Western Union fIom SO to 81 in face Of
the report, revampcd and started afresh that the
cornpany's stock was be divided among the
Shareholders was one of those mysteries which
nave SO long been identified with this security.
Our old friend Of the Is to peer
out when least expected and least wanted and his look
to-day was interpreted meaning that there might
still be hitch in the consolidation proceedings, and
that eight per cent dividends would not. at least,
ba declared before they were earned. Besides this
rumor was set aaoat that Mr.. Keene physically
out OF Sorts and the most was made of II to induce
belief that ne might become financially so as well.
Lake Shore dropped to 621s Michigan Central to 5s6
and Central and Hudson to 1887, with the other rail-
roads following suit Lower prices by two cents per
bushel for wheat at Chicago, for reasons which we
snd Western lines, but the chief influence came
grom the pressure Of stocks which being brought
10 market. The greatest decline OF the day was
made IN the coal shares which showed falling OF OF
from, 8 to points. News comes from Wlkesbarre
that the Executive Committee OF the striking miners
falling the hands OF politicians and that the
men losing confidence, and, If allowed to vote by
independent collieres, would do SO IN favor oi re-
suming work Immediately Such resumption appears
probable and the step regarded III ii bo taken) as
destructive the higher rates for coal and
consequently OF higher prices for the companies
Stocks Nevertheless, the very decided decline in to-
days list may be simply ruse or trap set to catch
snch gudgeons as may be tempted to so short OF the
market very considerable short interest has been
made the downward turn, and 1t would not be at
nil surprising to see fine menagerie Of venturesome
bears snapped up by a.sharp turn the other way.
THE SALES To-Day
The sales OF stocks at the Board to-day aggre
gated III 600 shares which distributed fol-
Iows-New York Central, 4,200: Erie, 2ll0; Lake
Shore. s6s75: Wabash, $500; Northwestern, $500;
Northwestern preferred, 925 Rock Island, GOO; Mil
waukee and st. Paul, G,2sl; Milwaukee and St Paul
preferred 400; Delaware, Lackawanna and Western,
B0 600; New Jersey Central, $40; Delaware and Hud-
son Canal 4,6l0: Morris and Essex, 4035; Michigan
Central 16 42s; Illinois Central 1900; Union Pacific,
1890; c., c. and c., 1,o5 Hannibal and ST Joseph,
1OO Ohio Mississippi $500; Western Union, 35 l5o
Atlantic and Pacific Telegraph 400; Pacific Mall 1,6O0
Adams Express, 100