The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-01
FINANCIAL and COMMERCIAL.
The Stock Market Active, with a Fur
ther Decline in Prices.
GOLD STEADY AT 1o5.
Money on Call Easy at
4 Per Cent.
THE BANK STATEMENT.

WALL STREET.
SATURDAY. March 3l--6P MI
Were The Same question addressed she propretors
OF the Twenty third bear garden that was put 70
the contrarious Mary the nursery rhyme, should
get an answer rf got any at all) much more con
sistent with common sense and agricultural truth
mere glance Mt the stock market will assure the
inquirer that the garden in question IL growing any
thing but Improbable sweeds and cookie Seeds" but
is rather blooming under an exubcrance OF financial
fruits The method OF tillage which has assisted
toward this result. hardly be commended, for its
founded upon principle OF taking down, selling
down and generally stamping upon tho cooperative
industries OF the country While there is no doubt thai
scandalous msmanagcment. cooked reports and qucs
tionabo practices among managing directors have in
vitcd In many cases. onslaught OF pess bears, is
also quite true that certain have suffered from
the attack which are irec from reproach. When the
desructonists get well warmed up TO work there Is NJ
stock upon tho list that, like Casars wife, Will b.
held above suspicion, and no security however
mertorous, that is a whit safer from attack than
head at Donnybrook fair Western Union and thu
trunk railways in for tho cudgeiina today being
exposed TO il by further reduction in rates BY ths
Atlantic and Pacific Company and by the threatening
aspect OF the railroad war; The telegraph opposition
seems to grow with what it leeds upon-which just
now appears to be Western Union-and bids fair, II
persevered in TO shelve the Post Office az too slow
going Tor the ago Tho latest reductions by the At
lantc and Pacific line tixed at the uniform rate Of
twenty-five cents for words between tho East and
the Missouri River, affected the shares OF the
old company very seriously to-day, there occur
ring drop from 81 u 20 57a which only slightly
recovered from at the close. Nearly as depressing
upon the trunk lines was the effect OF the railroad
brogio Extensive sales made in Central and Hud-
son shares many of them family kecpsakcs) at from
0OA TO s9M, and in Lake Shore and Michigan Central
Tho war Is looked upon as threatening to be moro
ssgrim visaged" than evcr and the air Is full OF
charges countorchargcs and attempted explanations
In this connection It is stated that Mr. Garrett Of the
Baltimore and Ohio road, disclams all knowledge OF
any violation OF the December compact by his officials,
and declares that II irregular contracts have boon
made they will be repudiacd. II is also stated that
another meeting for the purpose Of settling existing
difficulties will be held in this city on Thursday next.
The Representatives OF Gould's tripartite
alliance and the Burlington and Quincy road
was held yesterday at the Windsor Hotel,
resulting in a harmonious adjustment OF all
disputed questions, an establishment OF fixed rate
for freghs and the usual solemn promise and vow to
stick to tho Same. Unfortunately, promises are as
plenty black and to be rated as equally
valuable by railroad officials. Trunk road shares
proving decidedly moro attractive to the habitual
spcculaor than black diamonds the coal carriers wcrc
left in comparative neglect Consequently the fuctu-
alton in prices toned down to minor key and the
volume OF business less than Tor some days back.
During the slight recovery took place IN
the general list, relapse set in before the close
and left prices sh ado better than they had pre-
viously been.
THE SALES TO-DAY.
The sales of active stocks to-day aggregated 237 15a
shares which were distributed as follows:-New York
Central TO- 1867 Harlem, 200; Erie, 400; Lake Shore,
59S75 Wabash, 500; Northwestern 100; do preferred,
1850; Rock Island, $3.50; Milwaukee and St Paul,
$500; do preferred, $780, Pttsourg, 200; Delaware.
Lackawanna and Western, 81 100; New Jersey Central
1907 Delaware and Hudson Canal, 5zlS; Morris and
Essex, 1870; Michigan Central 27oO0; illinois Central
!, 100; Union Pacific, 400; Chicago, Burlington and
Quincy, 500; e., G. and c.. 300; Hannibal and St. Jo
seph, 200; do. preferred, 100; Ohio and Mississippi,
1000; Panama, 800; Western Union, $4,000; Pacific
MAIL zoos.
OPENING. HIGHEST AND LOWEST
The following table shows the opening, highest and