The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-10
The Stock Market Strong
and Active.
GOLD WEAK AT 1O5 3-S A los IA.
Government Bonds Firm. States Dull
and Railroads Higher.
WALL SrREgT.

THURSDAY, August 9--GH MI
The hand-to-mouth dealing on tho Exchange OF the
last few days continued during to-day without any
change worthy of mention Tho principal interest of
the IL still centred In Western Untou, and the
perilous and descents this acroDato stock
watched with admiring but dnzcd eyes by the
initiated spectators. Just At the close OF the MARKET
however, there genuine sensation the state
ment that the Western Union Company had resolved
TO attempt negotiation with their smaller but OBJ
Htrcpcrous brother The feeling that " was npossi-
bic Tor the telegraph companies TO do paying buzz
ness at their present rates inclined tho vulgar give
some credence to this report and II turned that
there unusual amount of truth in t. II
appears that the western Union folks appointed
Acommttee oil three, consisting Of Messrs Vanderbilt
norgan and Scheli to confer with similar committee
Of the Atlantic and Pacific Company THIS mmiltce,
In pursuance Of their ORDERS wrote tho newer CON-
pany, asking them 10 appoint committee to confer
with them TO amalgamation not. The Allan
tic and Pacific directors consequently met to-day and
uamed their representatives Messrs Russell Sage.
Dillon aud Sampson with null powers to negotiate
with th.x rivals and try to satisfactory
Outstanding meeting OF the two committees has
been appointed tor Tuesday next but it Is difficult to
believe that anything can be done ut present toward
advancing rates. The public, who are much
interested at present In this matter, Of
Wiling that any such monopoly should take hold again
Of the telegraph mmunicatons of the country, and
professional spectators been fooled often by
'committees tor consultation" to BIO sanguine to
Tuesdays proceedings As the ''grass widow" sang:
Les hommes sont le contraire dos poulets
lie plus lis sont vleux, 10 plus lis sont lendres,
10 the public at large has become u sceptic to
hc efficacy Of committees in teleg-aphs railways
,nythus else. The Western Union opened rs a.
advancing to TAX, falling to 72s and closing at T2&,
lust as the holders Of the stock pressed its sale
tn the exception Of the meanderings Of this tless,
anguld stock there was httic worthy of attention.
The coal stocks were weaker apparently because the
reports from the mining regions favorable and the
holders Of these stocks to value their prop
erty something as the Roman female bookseller did
who attempted to make "corner in prophecy by
burning duplicate copies OF her work.
Railroad shares were all strong, closing at the best
prices OF the day, this strength being stimulated by re-
Of good crops and the old, old story Of an ad
in freight rates. In fact 1t aulhoritatively
wsted that there had been advance somewhere on
ZONE road which benefit Lake Shore. but what
he road might be no could tell.
rHE SAILS TODAY
The GALES Of active stocks tho Board to-day aggre
gated 106,196 shares which were distributed fol-
lows:-New York Central. $3.50; Erie, 200; Lake
Shore, q, 700; Wabash 900; Northwestern 3OO do
preferred, 1881; Rock ISLAND, $3.50; Fort Wayne,
100; Milwaukee and St. Paul, l,SO0; do, preferred,
100; Delaware, Lackawanna and Western, II, $50;
New Jersey Central 1420; Delaware and Hudson
uanal $500; Morris and Essex, 1,45s; Michigan Gen.
Ira, 2,4OO; Illinois Central 100; Union Pacific 500
g., q. and G., 200; Hannibal and st, Jos,ph. 600;
TO-, preferred, 100; Panama, 1907 Western Union,
&c 245; Atlantic and Pacific Telegraph, 400; Pacific
MAIL 200 Quicksilver 100; do, preferred, 100; Wells
Fargo Co., 362
OPENING, HIGHEST LOWEST
Tho following table shows the opening. highest and