The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-22
GOLD LOG So A l07 A LOG rs.
Great Decline in the Stocks 0 the
Trunk Lines.
HE BANK STATEMENT.
Money on Call Easy at 2 a
3 Per Cent.
WALL STREET,


IL Is an ungrateful task be obliged record day
BY day the history OF n stock market which steadily
points 10 a shr,nkage OF values and a destruction Of
hopes THAT Of to-day strikes Dong oil startling
significance The canker which has been eating away
tho less vigorous sprouts OF speculative securities has
got 10 work at tho root; tho airy edhce constructed
flush times OF light tim bvrcd anccs. has succumbed
10 the blasts OF liquidation, and the party OF de-
strnction Is digging away nj the foundations These
corner stones we consist OF such proper
ties as Cleveland and pntsburg Rock Island, Fort
Wayne, Central and Hudson, Chicago aud Alton Bur-
lngLon and Quincy and few others glance NJ tho
lis, OF transactions printed below will detect moro
than usual dealings these properties Ordinarily re-
moved from speculative nnuenccs) and, what Is
worse, serious decline in values IL Is plain
that investors IN tho best class OF propertie
have become seriously alarmed, partly from the dis
OF tho coal stocks and partly from the
that being with tho ways OF spccu
lators they with unnecessary apprehension the
onslaught OF BEARS expressed tho trick OF sellers
options and washed sales. This fear showed itself to-
day Il strong desire TO realize upon the securities
cited above. Il was the more noticeable in that
tho market especially FREQ from disturbing
rumors and that tho pressure TO sell had its origin
from pure doubt OF intrinsic values. fall OF 10
points In Pennsylvania Central In face Of the recently
declared dividend and the companys favorable
statement, acted With much added pressure
and helped PROSTATE market already SUM-
GENTLY weak. To moot this depression wo have
entirely sided Both buyers and sellers are
bears; bulls havc disappeared like prize oxen after
Mardi Gras-somo OF them tho shumbles of unsuc-
cesstu speculation others TO the retirement which
waits upon better times. Meanwhile moro and moro
real upon the street, which, wero It not
the chcapnoss OF money would shortly become
barrassed by the load, and may yet find ITSELF like the
Street Cleaning Commissioners in want Of dumping
place when most needed. Tho feeling OF depression
was apcrvading to-day, although Western Union and
Lake Shorc were the least affected. There seemed to
the purpose OF checking general decline to afford
opportunity for selling tho rest OF the Market whilc
tho latter held firmly during early hours being
bolsered up by story diligently circulated that Mr.
w. H. Vanderbilt had been and buying tho stock
to an extensive amount
THE SALES TO-DAY.
The sales of active stocks to-day aggregated 243 Toe
shares which were distributed iollows:-New York
Central 30 900; Erio 1907 Lake Shore, 20 4U0; North
western, 700; Northwestern preferred, 3,S00 Rock
Island, $500; Fort Wayne, 1913; Milwaukee and St
Paul. 200; Milwaukee and st. Paul preferred, IL $50;
Pittsburg, Ala; Delaware, Lackawanna and Western
Al 600; Delaware and Hudson Canal, 1000; Morris
Essex 2s2 Michigan Central q, 0o7 Illinois Central
1C51; Union Pacific, 1850: Chicago Burlington and
Quincy l. 100; Hannibal and st. Joseph, 800; Hanni-
bal and st. Joseph preferred, 100; ohio and Misss-
sippi 400; Panama, $50; Western Union, 80 S00 At
lautc and Pacific Telegraph, 400; Pacific Mail, 1900
OPENING, HIGHEST LOWEST.
Tho following table shows the opening, highest and