The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-30
The Stock Market Active and Gen.
orally Lower.
GOLD 10 4 rs A 10 5.
Government Stocks Steady and Railroad
Bonds Dull.
Money on Call 2 a 4 8
Per Cent.
WALL STREET,

WALL STREET, !
THURSDAY, March 29--6 p II.
stock Exchange bulls who have venturcd into what
seemed to DO the promising pasturage OF spring
have been met by a .'nipplng ana eager air" which
has frosted their prospects and Dighted their hopes
II has blown from the quarter OF the coal mines and
issued from tho portmanteaus OF the trunk railroads,
as in old neurological times It did from the bag OF
Eolus II is an Ill wind, which has scorchcd prices
ike slrocco and has blown nobody any good-except
The bears
With tho exception of protest or two against
tinuous fall which impaired temporary stcadincss,
tho OF tho market from the Alpha OF the open
Ing to the Omega Of gongsonnd was toward lower
prices. The half defined fears Of outbreak
among the railroads have assumed tho form
Of absolute facts among timid traders, who
fly from one extreme to tho other with
telephone velocity and shape their actions though
chaos was come again. Indeed, there seems to be
Tor apprehension, for the trunk roads ap.
pear to be ready to quarrel SO many schooboys
and regard the question Of plighted faith as mere
toy to BIO played with.
In word, the railroads threaten speedily to be of
Ioggerhcads again the matter OF rcghts, to their
injury and TO the hurt Of such led
10 invest their shares under promise Of future peace
and harmony.
The Baltimore and Ohio concern is said to be prima.
cto IN the matter of cutting under, and word Of this
having to the of Mr. William H. Vanderbilt
this gentleman reported to have expressed himself
10 the effect that tho above adhered to their
agreement no should look upon the compact as at an
end
Moreover, that the Central and hudson Company
would hereafter, aborignully speaking. paddle Its
without rogord to any OF tho other roads He is
also repued to have stated that the c. and H. road
prosperous than during the last year. when
hcy acted Independently OF the other trunk roads, tho
net earnings for 1876 being coo and all
expenses, including dividends and that tho company
can earn money on freights at two mills per mile
So much for the evil influence the railroad The
result Of the coal meeting was scarcely encour-
aging. The gst of tho whole was that 1t would
DO agreeable to advance tho price of the product II 1t
possible to find any to buy II. but that Is
out OF the question It left committee, consist
ing Of Mcssrs. Gowan Sayre and Dickson, to devise
plan by which the OF the public could be held und
the pill TO cost nifty cents moro toni be administered
Having arrived at this sapcnt conclusion, these mod.
srn tailors OF Tooley street adjourned.
The Western Union Telegraph Company havo re-
duced to principal Western points to thrty-1ve
cents and twenty-five cents, tho being mado In
conformity with the recent reductions mado by the
Atlantic aud Pacific Company.
At the time the latter company promise further
considerable reductions In u few days.
SALES TODAY.
The sales Of active stocks to-day aggregated $4,000
shares, which distributed follows New York
Central IS 1885, Erie 1850; do preferred, 2O0 Lake
Shore 81, $50; Wabash, 20O Northwestern. 700; do,
preferred, 1000; Rock Island, 2,630; Milwaukee and
ST. Paul. 500; do, preferred. $500; Delaware, Lacka-
wanna and Western, 81 46O New Jersey Central s25;
Delaware and Hudson Canal, IL, 500; Morris and Essex
4O3; Michigan Central 26,l26; Illinois Central 250;
Hannibal and ST. Joseph. 200: do, preferred 400 Ohio
and Mississippi, $3.50; Western Union 1900; Atlantic
and Pacific Telegraph, 800; Pacific Mail, 1900.
OPENING HIGHEST And LOWEST
The following table shows the opening highest and