The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-24
The Stock Market Active, with a Gen,
eral Decline in Prices.
GOLD lO4 "a A lO4 7-S A los l.S A los
Government and Railroad
Bonds Steady.
Money on Call Easy at 8 and
8 1-2 Per Cent.
WALL STREET,

FRIDAY, Feb 23-6P NJ
veritaby the stock market is in a .ango. Warp and
wool inexlrcably mixed, and the only yarns that
are clear and distinct those that spun out In
tho form street gossip. In the vocabulary Of the
guild the market demoral,zcd, as glance at tho
record OF fluctuations frequent sudden and fevcrish,
will prove. Swinging backward and forward, with
spasms OF strength at moment and fits OF depres-
at another, the general tendency OF prices has
been downward. with IN many instances tho closing
quotations the poorest OF tho day. Various causes
combine to produce this result, few OF them good,
moro Of them bad, but most OF them indifferent The
chict cuprits still DO found in the coal stocks,
and their rnagn influence Is evil eye upon the
ket which cannot DO pluckcd out, offensive
though it be. Tho reports OF tho companies
have carried no weight with them except
such as has proved milestone to prices.
whic they have created comparative doubt as 10
values and positive hopeessncss as to dividends. 1t
mot to DO disputed that tho "hopo on hope ever" sen.
timcnt which possessed the souls Of stockholders has
been rudcly shaken tho unpromising nature OF tho
reports and has gwen rise to rvulct OF real stock,
which, flowing upon The market, Is slowly but surely
washing away the stability of its current vauc. II Ia
the characteristic OF securities OF this krd which
have been held high esteem that In many instances
tho derived therctrom is the sole support OF
the owncrs when that there s no alternative
but to SELL either renvcst in something moro pro-
ductlve to drive The wolf from the door In add-
ton TO this for decline, Is moro than
probable that some OF the largo and wealthy
holders regard with comp'acency, and may
even lend helping hand, to further
fall in hopes OF striking favorable average by pur.
chase lower figures. Added TO the incubus Of the
coal stocks was the further weight derived from
lively flight OF DIS loose by tho BEARS Among
the most hardy of these the story that the rail-
,da werc again n In CrerS
and slashng away at the freight lists that Lake Shore
IN n TT of indignant virtue had withdrawn from the
compact and had set itself up 10 mind its own business
on its own hook; that Gould was patting young Van
derbilt on tho back in the matter Of contestng tho
Commodores will and admonishing HIM to "go IN and
win" and hc would stand the expense looking all
tho while to u bad break in Central and Hudson for
qud pro quo No matter how untounded these stories
may DO they produced n certain effect upon market
nil ready to take alarm. Investors sold tho coal
stocks, spectators Central and Hudson. and Mr..
Reano Lake Shore, while tho predatory horde
of eighth hunters skipped around the outskirts and
secured such scalps as Offering As the magma
ton OF the rumor committee all ran ono way, and that
in an ursno direction and as the bulls ielt themselves
moro or less crumplcd horns the market became
disoraan,zed have related, toned down In matter
OF quotations closed up at three O'Clock weak and
ieverish
The salcs Of active stocks aggregated 2l3,S71
shares New York Central and Hudson, 1856;
Erie SIPS; Lake Shore, $1,000; North western,
400; d. preferred 800; Rock Island, $40; Pacific
Mail g. 500; ST. Paul. 500; do preferred, 9200 Ohios
900: Western Union, $4,000; Wabash, 100; Union
Pacific 500; Panama, 100; Delaware, LacSawanna and
Western AZ O53; New Jersey Central, $500; Michigan
Central Is 1906 Atlantic and Pacific Telegraph $50;
Delaware and Hudson Canal, 1SS47; Morris and
Essex, $50
OPENING, HIGHEST LOWEST PRICES.
| Tho following table shows the opening highest and