The New York herald., 1877-02-17
The Stock Market Dull and Principal
Active Stocks Weak.
GOLD 1O5 5-8 A 1o5 "a.
Government Securities Frm-Railway
Bonds Lower.
Money on Call Easy at 8 and
21-2 Per Cent.
WALL STREET, !
FRIDAY, Feb. l6-0 7. NJ. I

There a comparative pause IN speculation
to-day the New Jersey Central sensation being pretty
well exhausted aud new element OF disturbance
coming TO the surface at the momeLt. 3t 81
Brokers. however, abhor slagnation quite as thor
ougnly as nature does vacuum for want OF business
means want OF bread. Consequently something sen.
sationai is the great desideratum and II II fails to
appear naturally Il must be created Such seems
likely to appear tomorrow still In connection with the
coal stocks with direct reference TO Delaware and
Hudson In fact the rumors, which In hazy form
have for some time prevailed regarding the appoint
mcnt OF receiver in this stock have taken definite
shape, and Is announced that application has been
made before Judge Barrett for such appointment, and
that au order show cause why It should
not be granted Is made returnabe Mon
day. The was only partially known
in the street at tho close OF business and the effect
upon the stock was, therefore, not clearly appreca-
bio. The price, however, during the day had SUNK
from 52s to 5O with seller 20 options at $50 per
cen, below cash rates. Coupled with this the
difficulty OF procuring cash stock for delivery which
at times cxacted Of u per cent for use. II Is
thus quito cviden, that some Of the knowing ones had
sme rat early in the day, and had bated their trap
accordingly As It docs not appear that tho Delaware
and Hudson Company has made default upon any OF
It's payments IL is not clear upon what grounds tho
application based unless Ia endeavored to show
that tho embarrassment from leased lines ana tnc
pinch Tor roady cash, which the Bank OF Commerce
lately helped It or foreshadow disaster In the fu.
ture With the belief stitch time saves nine"
Is possible that may be arrest the decline
before tho property becomes food for the "demnition
bow wwows' IKE the Jersey concern, or II may oa
simply an artce Of tho bears constructed tor stock.
iobbing purposes Meanwhile the Osborn party are
comfortably, or uncomfortably full Of shares, and
have It in their power make the stock unpeasanty
scarce for those who sell 1t short. Although New
Jersey Central may be stgmatzed very light tim
bcr there was weight enough lett IN IT, without ex-
traueous pressure TO force il down TO $40 share,
which makes clean loss OF 500 share within
twclvemonth or thereabouts. Delaware and Lacka-
wanna gave way from 671a TO 65H and closed at the
latter ngures the Of the Osborn party boing its
friends and supporters proving of no avail In sustain
ing the price Lake Shore and estcrn Union wore
passably firm under moderate transactions and the
absence of exciting causes while the remainder OF the
list remained as uualtractve as mob OF supernu.
meraries in Shakesperian tragedy.
THE SALES TO-DAY.
Tho sales Of active stocks to-day aggregated 131 900
shares VIII hch were distributed follows:-New York
Central and Hudson, 5O27; Erie $500; Lake Shore,
I6 $50; Cleveland and Pitsburg, 150 Northwestern,
500: do prcfcrrod $500; Rock Island, 4,250; Pacific
Mail 100; ST. Paul, 200; do preferred e,4oo; Ohios.
1900; Western Union, 21,soo; Union Pacific, zoos
Delaware Lackawanua and Western, 81 $40; New Jer.
sew Central, ls,e4o Michigan Central, 1900; Norris
and Esscx 555 Atlantic and Pacific Telegraph lloV;
Delaware and Hudson Canal, 9,s1S
OPENING, HIGHEST LOWEST PRICES
The following table shows the opening, highest and