The New York herald., 1877-02-11
The Stock Market Dull and Lower
Prices Irregular.
GOLD 1O5 5-S A lO6 A 1c5 SIS.
Money was Supplied at from
q a 8 Per Cent.
THE BANK STATEMENT.
WALL STREET. I


SATURDAY, Feb. 10--6 p. II. f
There was much less animation in the board room
to-day and at times extreme dulncss prevailed Tho
chief changes values were Identified with tho coal
stocks. which surgcd back ward and forward ike .
wavc beating on tho Shore but always with ebbing
tide that daily carries them toward low water mark.
II would seem that Now Jersey Central must have
pretty nearly reached this point already for the Inst
sale Of the day-viz, 17s-was tho lowest in It's his.
tory Before meridian it confidently asserted that
a reconstruction OF the exploded combination was in
fair way 10 success, and tho report at once gave
dip to prices which sent New Jersey Central to 20s,
Delaware and I.acknwanna 10 70A and Delaware and
Hudson TO 56k Unfortunately tho yarn was spun too
thin tho tension OF investigation and when II
gave way at the touch Of facts prices gave way with
IT, Thenceforward 1guros wcrc as mixed AZ
a medical prescription and about as palatabIe
to the credulous bulls, who, having bought
in at the top OF the market saw their investment be
coming hopelessIy bad as the hour for closing ap-
preached In truth, nothing has occurred in the last
twenty. four hours TO affect the values of The coal
stocks either pro or CON- such gossip tho street
s treated with is constructed from the thinncs matc
rials In the matter of New Jersey Central far mora
serious affair than the continued decline In the stock
was tho blow given to-day TO tho individual and guar
antced issues of It's bonded debt.
For example convertbles icll from 66 TO SO, conso
dated rsts from Y TO 65 and Lehigh and Wkcsbarre
from so to 49, upon these latter prices, however, an
mprov OF from TO per cent was recorded be-
fore the close.
Tho Lehigh and Wilkesbarre issues are tho bonds
which II proposed to put up security against the
$3 900 loan. in tho proportion Of $4,000 bonds to
So 900 cash. The proportion ccrtany novelty In the
way of money lending IN Wow OF the attempt to se-
cure an advance OF $3 QUO by colatcrals which Will
only bring So $50 or less In open market Ht,e
Western Union and Shore are left TO their own
devices at present. bcing looked after by corporas
guard OF small fry, who are content to forage for
struggling eighths and quarters. gsu
Burlington and Quincy. aft opening at lily, rc.
covered 10 1141a and held it to tho cose the desire
TO place sixty day options for the short at two
pcr cont below tho cash price perscvered in and
gratined to the extent Of few hundred shares
Eric gained one.haf per cont on yesterdays lowest
quotation; the Granger stock pivotcd on half per
cent variation, and Pacific Mail, quite unnoticed,
swung at the anchors OF an undenabs hrmness +.
The rest OF the list 'leather or prunclla |"
THE SALES TODAY.
The sales to-day of active aggregated 1872 000
and we're distributed ioows:-New York Central
and Hudson, 174o Erie, $500; Lake shore, "a 2ao;
Northwestern, 1000; do Preferred 400; Rock Island,
1900; Pacific Mail, 7o0 st. Paul. 200; do preferred,
5000; Ohos 900; Western Union, 27,775; C., G. and
l. c. 200; Delaware Lackawanna and Western, 80, $40;
New Jersey Central, 40,265; Michigan Central 4, 400;
Delaware and Hudson Canal 7,246 Chicago, Burling.
ton and Quincy, 1900.
OPENING HIGHEST LOWEST PRIcEa
Tho following table shows the opening highest and