The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-12
FINANCIAL and COMMERCIAL.
The Stock Market More Active
and Strong.
GOLD QUIET AT los IA.
Government Bonds Firm, States Dull
ana Railroads Strong
Money on Call 2 e f-2 a
1 1-2 Per Cent.
THE BANK STAT MENT.
THE BANK STATE EMIT.

WALL }
SATURDAY, August ll--6 4.
The stock market to-day vas httle active
than that OF yesterday but dunoss s, sits enhronec
in Wall street More than one-thira OF the transac
lions were credited 70 Lake shore OF which stock
soms 10000 shares were dealt These args trans-
lcops had tho effect Of sending this STOCK IRON 50 up
% 54a, with subsequent decline 10 53 The streug,h
shcwn IN this stock caused the other railroad ancies 10
climb up TO higher prices except IN the Of ST.
Pau, 10 which an attempt 10 unload by Of the
large bulls was followed by sudden drop. The coal
STOCKS were also strong limited business the delay
~ the issuing Of the Delaware and HUDSON Conpanys
statement being taken advantage Of DULL the market
The telegraph stocks, although not largely dealt m
continue 70 absorb the attention Of SPECTATORS aud
brokers, aud both Atlantic aud Pacific anu Western
Union closed at some OF tho nehost prices OF tho day
II nosod abroad that Atlantic and Pacific PEG
pie would accept any Of the three following PROPOSE
lions should they be offered by tho Western Union
Company
First lhs. the Western Union should buy their
property tor $1,000, 600 Of Western Union stock.
Seoond--That the Western Union should nave the
Atan,ic and Pacific lincs tor ninety-nine years ana
guarantee SIX per cent their capital stock OF
$l4, 600, 900
1htyd-rhat the earnings OF the limos should 90
pooled and that The Atlantic and Pacific should receive
twenty per cent Of the earnings
OF these three propositions the seems to DO The
MOST favorable the Western Uuou aud as there
Is general feeling all sonnet hing us be
done II 10 not unlikely that II viii be adoption The
war which has for some time been In progress has n
ured both SIDES considerably, and we have seen the
mrplus Of $751; 1888 when the Western Union had al
Tho beginning OF Tho fight dwindied down In three
months to slss. sS1, while during period moth
ing expended Tor construction. II 49, therefore,
lkey that TINS war WILL like all others, eld in peace
but It is 10 be hoped that the monopoists viii DO con
tent With fair profits and will not attempt advance
above the figure which they can mako reas-
ouaUe proeL
In spite Of the strength Of the market TO day there
was good deal Of uneasy feeling az TO meurate
futuf' no purchases which have Kept prices up 10
thci presons oee have been altogether behalf OF
professional spscua.ors. ana me pubic, when dealing
at ALL hsve done BY taking age OF the present
high prices 10 &c, Of their stocks. Whether the
cqucs who at presept FOSTERING up ancos
viii be able 10 unload withon, serious break in the
market the subject Of much discussion aud the gen
tral ieeing is that thew VIII not.
THE SALES TODAY
Tho sales OF active STOCKS today aggregated
1880 shares, which were Distributed as ioliows:
New York Central, $500; Erie, 500 Lake shore,
a0.eo6; Wabash, 100; Northw estcrn, 5000; 90 pre-
isrrcd, IL 600; Rock Island, S4OO; Milwaukee, ana Il,
Pau 1885, do preferred 1850; Ptteburg, 1s0; Della
ware, Lackawanna and Western, IL. 900, New Jersey
Central, 900 Delaware and hudson Canal eco; Nor
ris and Essex. s0o Michigan Central, sl00: Illinois
Central, 200 Union Pacific, 300 g., G. and G., 100;
Hannibal and ST. Joseph, 400; do preferred 100; ONO
and Mississippi 800; Western Union, $500; Atlantic
and Pacuc Telegraph, l475; Pacific Mail, &C., Quick
silver 900; do. preferred, $50
OPENING, HIGHEST AND LOWEST.
The following table shows the opening. highest and
lowest prices Of tho day.