The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-21
The Stock Market Active.
But Weak.
GOLD STEADY AT LOG IL.
Government Bonds Dull and Railroads
Generally Lower
MONEY on CALL EASY At 2 IL A 3 PER CENT.

FRIDAY. April 20--6 p H.
Not oven the pouring rain sufficed To wash the smut
from the coal stocks this morning. did
their compilations clear up much las expressed by the
OF prces) during the entire day. The Twenty
third street people, who have been persistent bears
these properties since tho time they quoted In
three figures, switched Off from Delaware anu Hudson
some days since 10 avoid the daily shave Dor.
rowed stock. II question WHETHER in this respect
their position has bcen improved by change OF bass
to Delaware and Lackawanna since the charge for
days use of thess shares this morning rated from
u TO 4 per cent THIS bonus becomes small
ter however. II they succeed in selling and talking
down the stock at tho rate of or per cent
a day, as they have dono for Q day or
two past Opportunity was taken OF tho decline
this morning to AK TO shorts, with the
result OF pushing the price TO IS at tho close. The
most efficient method of damaging tho main coal prop.
critics is by stabbing them through the chinks their
armor as exposed by their leased lines Accordingly
to-day some cruel thrusts made at Morris and
Essex and Rensselaer, and saratoca-cruel enough 70
have satisfied the most envious Casca OF the wreck.
ing gang. Morris and Essex fell from CO 10 SIX rcgu-
lar with sales on options Of thirty ana sixty days al
from 10 per cent below the market, while Rensso.
aer and Saratoga declined from 80 to so transac
tions Of 400 shares The lease existing between
Delaware and Lackawanna and Morris and ESSEX
Without it the coal company would have access to
tdewater and with it there s positive yearly loss
Of ovor a million Of dollars. Again, the Norris And
Essex concern, having earned dividend
for ITSELF is now in state OF funk to whether Its
lessee can earn for In either its position
is an uncnvabe one for without the lease, the stock
would become very questionable vaue. and u may
not be any better with ii. The railways proper were
chiefly remarkable for an irregulary which kept them
nuc;uating between limits of per cent. Mr.. Rufus
Hatch is out IN scard in which he gives tho present
administration Of Michigan Central piece of hts mind
as to their management OF the property and cautena
stockholders against sending for tho next cleo
tion Perhaps Mr.. Hatch, furnished with "char.
acscr'' from the Pacific Mail Company, might be in.
duccd 10 accept the position OF smanaGing direcor
himself The latest prices for all classes OF stocks
showed an Improvement, particularly for the coal
fances and the market closed firmly but without any
especial tendency bullward.
SALES TO-DAY.
The sales nf active stocks to-day aggregated 201& ~
shares which wcrc distributed follows:-Now ira
Central 76oo Erie, 1900; Lake Shore, IT, 400; Nor>.
western l. 70O Northwestern preferred, 1000; Rock
Island 500; Milwaukee and st. Paul preferred,
$3.50; Pittsburg, 500; Delaware. Lackawanna and
western, g. 3l5 Now jersey Ccntral 20U Delaware
ana Hudson Canal 10,s5O Morris and Essex, 1850;
Michigan Central Il 30o Illinois Ccntral 1850; Union
Pacific 200; Rensselaer, and Saratoga, 400; Ohio
md Mississippi, 200; Panama, $50 Western Union,
50 $50; Pacific Mail, 100
HIGHEST LOWEST PRICES.
The following wero tho highest and lowsst'prccs Of