The New York herald., 1877-09-06
FINANCIAL AND COMMERCIAL.
The Stock Market Active
and Strong.
GOLD 103 3-S A l03 IA A l03 3-S.
Government Bonds Lower, States Steady
and Railroads Irregular.
GOLD l03 3-s A lO3 IA A l03 3-S.
MONEY ON CALL 6A7A4 PER CENT.
WALL STREET,
WEDNESDAY,, Sept So 2. N.


Nearly everything was fever heat again to-day,
nd the pulse OF the market beat responsive 10
accelerated speculation. The doIorous cry OF "So
bottom" which familiar 10 the Board fcw
months back seems likely TO be succeeded by the
more cheerful one of "No top" n the untaltsring
climb toward higher prices continues. Unfortunately
Tor their consistency the moving spirits OF the pres
advance identical with those that short time
ago could see nothing but a bottomless pit for all
,asses OF securities and hence tho grew public s az
little inclined to believe their promises OF good as It
accept their prophecies OF evil Nevertheless
they keep the ball rolling with wonderful persever
arce, with the hope that later, outside deal
ers, having become accustomed 10 the new schedule
Of prices will take the game on their hands
This morning Western Union and Delaware and Lack
awanns singled out the star performers OF tho
day. The first because opportunity offered TO ro-
the old story OF intention 10 divide the stock
owned by the company among the shareholders, as
well as return TO eight per cent dividends and the
second because the advance In coal seems 10 warrant
enhanced values tor the anthracite securities wheher
reliable or not the impression this created power
fu enough to eager buyers. who marked West
ern Union up TO "a and Delaware and Lackawanna to
60 These figures not attained, however, without
frequent set backs being quite evident that strong
efforts being made to sell blocks OF stock when
ever the market was at its best Next in importance
came tho trunk lines and the Western roads,
which were worked up point two on the increase
Of freight aud reports OF large earnings
anal effort realize made just before the close,
with the result OF reaction in prices OF from q TO ~
per cont Money on call exhibit signs Of
I coming scarcity, the rate to-day reaching at one
time per cent, though in final dealings it to be
had at from por cent Tho bears are
counting seriously upon the advent Of
pinch which will break market They argue
correctly that never in tho history of tho street
were such quantities Of stocks bold upon
gins they point to the fact that the coal stocks
and other securities OF like nature, which were for
merly locked up strong boxes, have been added TO
The mass II not safe, however to rely upon this
lact to produce the result anticipated 1t Is
known that to considerable extent large holders have
prepared themselves for the emergency through the
Medium Of loans made tor the rest of the year. while
Mencw short interest created would form supporting
4, yer through the borrowing demand which would
Rsse for shares.
SALES TO-DAY.
She sales OF active stocks to-day aggregated S92
rares which were distributed follows:-Nsw York
entraL $3.50; Erie, 1895; Lake Shore, "a, 33l; Wa
Msh, 1850; Northwestern, 5000; do. preferred,
WIS; Rock Island, 2,425 Fort Wayne, 200; Milwaukee
nd ST. Paul, 45s5 do. preferred, 6,9lO; Pittsburg,
20; Delaware Lackawanna and Western, SO, ,07O; New
Jersey Central, 57o Delaware and HUDSON Canal,
L645; Morris and Essex, 4,S00; Michigan Central,
1885, Illinois Central, 1,S0o; Union Pacific, 1850;
!, c. and G., l. 400 Hannibal and ST. Joseph, 200;
pho and Mississippi, 4,2oo; Western Union, 2s, ,i5O;
Pacific Mail, 1900; Quicksilver, 800; do. preferred,
100; Adams Express, 100: wels-Fargo & Co, 2os;
American Express 300; United States Express 100.
OPENING, HIGHEST AND LOWEST.
The following taDe shows the opening, highest and