The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-08
The Stock Market More Active
and Irregular.
GOLD 1O5 IL A 1o5 SIS.
Government Bonds Lower. States Dull
and Railroads Steady.
Money on Call Easy at 2 =
1-2 a 2 Per Cent.
WALL SrRxRr.


TUESDAY, August TO T. n
To-day was another day OF doubt and dinaculty Tor
the habiis OF Wall street Speculation, though fairly
active In Western Union and Lake Shore, was almost
unknown tho other loading faneiss ~ the entire In
qustivencss OF the street concentrated In pro-
pounding questions aud devsing solutions as 10 the
upward and downward movement of the above named
stocks Whenever tho power OF Invention OF rumors
Is Ut loss is usual to put forward the time honored
statement that an amagamation about 10 take place
between tho rival telegraph companies On this oc-
the rumor took more precise form than ID
usual, and 1t was authoritatively stated that
rangement was almost perfected BY which the
panies would become one on basis taking into
count the number OF miles Of wro
owned by either company. This canard, fol-
lowing upon tho heels OF yesterdays
mored assessment Of 80 per cent upon. tho stock
Of tho Atlantic and Pacific line, sent the Western
Union stock up to AN and the large Spectator who
is generally believed to DO q bull in this stock at
tempted to unload. Tho wary brokers, however, i'm
mediatcly scented danger, and the consequence
sudden drop In Western Union TO 7lH, from which
price there slight subsequent rally to Tx x
In spite of the absurd$ OF these rumors at present
little doubt but that certain negotiations
have been entered into Tor the amsgamation Of the
lines and It is not unlikely that tho opening Of the
pany muy somewhat prcciptate matters The upward
movement IN Lake Shore which began Just At the
close yesterday continued to-day and was attrtb
uted to tho Same willy Spectator whose attempt at
marketing his stock drove Western Union down.
fumor was prevalent that an advance IN
freights was imminent, not upon the Lake Shore bus
upon some other road which to infect the Lake
Shore people Although unsupported by the slightest
evidence, and, to great extent unlikely, yet
this stock continued TO advance from SIX, the open
lug figure, to SIX, whence there sudden tumble
opening price. II noised abroad this after
that the two principals in the lato scrmmags
had mado up their little difficulty, and that the status
quo ante bellsm about to be renewed. The coal
shares to-day alternately strong and weak,
although It Is stated that there an advance In the
price coal and that all quiet IN the mining regiona
The rest Of tho list only conspicuous BY the total
absence Of speculation In IT, the other railroad STOCKS
following Lake Shore but at most respectful distance
as regards the volume Of businosa
TIM SALES TO-DAY.
The sales Of active stocks to-day aggregated 100 10
shares, which woro distributed as tollows-Ncw YORK.
Central $780, Harlem, l5O; Erie, 1900; Lake Shore,
10000; Wabash, 1l0o Northwestern, $50; do prefer
red L925 Rock Island, 2o0 Milwaukee and 81 Paul,
500; do preferred $500; Delaware, Lackawanna and
western. TO- 32b; New Jersey Central, 100; Delaware
and Hudson Canal 2 635; Morris and Essex, 400; Mich
isan Central 6,e75; ILLINOIS Central, 100; Union p
cine, 200; Cleveland Columbus and Indiana Centrab
100; do preferred, 200; Ohio and Mississippi, 600i
Western Un,on ~ 40o Pacific MAIL 800; Quicksilver,
$50: do. preferred, 100; Adams Express $50; Wells
Fargo & Co. 100
OPENING, aroHssr AND LOWEST.
The following table shows the opening highest and