The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-21
FINANCIAL and COMMERCIAL.
Further Weakness in Coal StOckS-Thc Market
Dull and Tending Lower.
GOLD 1l2 5-S A 112 1-2.
Government Bonds Steady and Dull-Railway
Bonds Quiet-Money on Call Per
Cent-The Bank Statement.
WALL STREET,

SATURDAY. MAY 2u--b 4. NJ
Scenes change as quickly the Stock Exchange as
they do In pantomimc and 'realms Of ecstatic bliss
SHIFT into shack attcs OF pandemonum'' with celebrity
that takes ones breath away Tho glare OF the Limo
light and the glitter OF Dutch metal which flashed into
prom nence the Pacific mail performances OF the last
days this morning transferred to Central and
Hudson and the coal stocks or these spccalties VIC
propose TO say word
While the price OF the great railroad has been hang
ing about 10 for days past /. has been remarked that
shares quietly picked up at these figures, and
that although transactions upon limited scale
there recession in the quotation. To-day,
however, popular report stated tho veteran Com
modors TO be than usually innrm in health.
The result OF this belief bring to market an
quantity OF stocksome 10 900 shares all
which wero absorbed by representative Of Mr.. Van
derbts brokers as fast as they appeared Mt the stan
dard price Of no. have remarked above AT this
figure, somewhat better even, the security closed
though the stock was sparingy offered sellers OPP
tions OF los for sixty days-a bait which did not
elicit nibblc. Some, indeed, thought that
they traced these purchases tho Forty
hephstophiles and desire his long outsand-
Ing short line; but there be question that sick
well the Ancient Mariner is s,il able TO noun, his
hobby and prove the Stock Exchange that, unlike
Lear, he is anything but
A poor. nhrm, weak and dcspised old
Delaware and Lackawana and New Jersey Central
came up smiling the scratch, like first class
truiscr of the r. R., but Knocked out Of timc
before their hands had been up nour. Opening
at l05, Delaware and Lackawanna sold down to
102h cash, with sellers option thirty and sixty
days of from l u below the regular prico,
though there a slight rally to loa at the close.
New Jersey Central's highest point S4,S, but 1t
received some for his nob'' in almost the first round,
and to earth at So with scarcely any tho
way Of transactions worth speaking Of During the
time the stock offered at nearly per cent
under the cash price sellers sixty options, pro-
cecdIng whicn is good deal like striking man when
he is down and has NJ friends, which seems
to DO the with the New Jersey coal carrier.
No doubt large amounts OF these hitherto avorc
securities have been sold out by holders for invest
ment, Who perceiving slim chance for dividends in
the future have followed the example OF tho cunning
rats n tho fable, and deserted the sinking ship.
Among these rodents quoted the names OF Moses
Taylor, Samuel Sloan aud the Aston estate.
Even Delaware and Hudson which has been keeping
= stiff upper lip, becomes ten per cent dividend
payer, begins show signs of debility the drbb!ing
the market OF fractional shares decline OF los
TO 1857 The courage OF investors IN be oozing
like Bob Acres and II is to BIO hoped with pru-
dental results
There was no quorum again this morning at tho
meeting OF Pacific Mail directors which make the mat
look still like put up job to avoid cleo
ton, and ultimate handing over Of the company's
to Gould, Dillon Co., under foreclosure proceed
ingS
Apropos OF the above there occurred sudden
bounce Union Pacific to 81 and falling back to COX,
which unaccountable are the back leaps OF
untamed mustang.
Lake Shore and Western Union werc to all ntents
and purposes out OF todays specuations, exhibiting
fair show Of strength for the greater part Of the
sion, but falling or at the end and closing weak
prices to be found below report Of further reduc-
lion frciehts and tariff for messages, added IN
formation, true or false, that the Commodore had
turn for the worse, helped TO depress these stocks
The close OF The market offered weak and cvcrish
state OF things which the great medicine OF the
Board will have TO look after on Monday.
OPENING, HIGHEST AND LOWEST
The following table shows tho opening highest and