The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-20
Fall in Western Union and Advance
in Coal Stocks.
GOLD 1O5 ga A 1O5 SIS.
Delaware and Hudson, Delaware. lacka-
wanna and Western, and St.
Paul Much Stronger.
Money Easy at Per Cent on Call-Prices from
4 t02l-2 Per Cent.
WALL STREET. !

FEBRUARY l9-0 r. u.
Brokers passed their time to-day in skipping in
lively manner from Delaware and Hudson to Western
Union and uice
To speculative birds, whether early late vermicu-
lar returns promising in connection with
these stocks, and they sought after accordingly
Not without reason other for about them clus-
tered the interest of the day. and for good cause
proposed 10 show While the comedy Of petitoning
Tor q receivership in coal stock might have boon
worked into tragedy had II been persevered In, Its
sudden collapse turned 1t into broad farce, which
eated bulls Immensely. However sincere might have
been the petition the haste abandon destroyed all
belief in Its worth. There suspicion OF CRIME,
but evident evidence Of blundcr. and Taeyrnnd
tells that the latter is tho worse of the
two. So thought the bulls apparently, for
they became suddenly appreciatve of the
stocks value, and showed 1t by a sharp
buying movement, which carried the price up from
81 to 65 and held 1t there at the close In this they
were helped by some covering OF shorts the part
Of of the Twenty third operators and by
what may be termed in Celestial language the "chin,
chin" Of directors and friends in gorHcaton OF the
coming report This document is promised for to-
morrow, and the company's directors to-day In
session. probably for tho purpose Of smoothing down
The rough edges and mparting final OF varnish.
How much Of real wood and how much Of veneer the
statement will present Will provide study for to-
morrow While Delaware and Hudson was thus leav-
ing behind the lowest mark yet touched by some ten
points, and Delaware and LacKawanna was plodding
along in Its rear through pure sympathy and at
spec:ful distance, Western Union slipping of to-
ward lower figures. At the very opening quotation OF
C9a it showed itself TO DO weakly artcuated and In
clined to give way, and matters were precipitated
after midday when 1t became known that the rival
Atlantic and Pacific Company had assumed q more
mi dab tt0nt han An assuu nd
in this manner. At a meeting of the Atlantic aud
Pacific Company held to-day Messrs. G. j. Osborne, s.
NJ. Mills, James D. Smith, William H. Guion and A. B.
Chandler rendered their designations and we're sue
ceeded by John W. Garrett, Thomas H. Scott 9. X.
Garrison James Keene and H. J. Jewett. In street
parlance this Is esteemed 'pretty strong team rep
resenting Does the business OF the Baltimore and
Ohio, Pennsylvania Central and Erie railroads, with
the California interest added. AS evidence that
business meant 5000, 900 were subscribed to ad
the undertaking and 10000 miles of new wires
ordered to be placed under construction. Although
the MARKET price OF Atlantic and Pacific but mod
eratey benefited that of Western Union took fright and
sold down TO &c. recovering to 66x in closing sales.
Beyond these two stocks the market irregular and
moderately dealt In though moro than ordinary trans
actions were made in Central and Hudson at prices
that ranged from 97a to 961a from which recovery
was made Lake Shore declined to SOY with a fair
business the old story OF cutting being brought
forward scarecrow, but with indifferent effect
TO-DAY.
The sales to-day aggregated 49,, 1913 shares, which
were distributed as foiows:-New York Central and
HUDSON II, 450 Erie 204o; Lake Shore $780, Cleve-
land and Pittsburg. $685. Northwestern, 1500 do pre-
ferred, 1890; Rock Island 1850; Pacific Mail, 500;
st. Paul. 200 do. preferred, $500; Ohios SOO West
ern Union, 6S, 400; Union Pacific, $50; G., c. and l.
C., $50.
OPENING. HIGHEST AND LOWEST
The following table shows the opening highest and