The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-13
FINANCIAL AND COMMERCIAL
Stocks Still Irregular and Fever
ish-Speculation Heavy.
GOLD STEADY AT ll2 3-s.
Government and Railway Bonds Steady-ln-
vestment Shres Firmer-MOney
on Call Per Cent.
WALL srxExr, |

Moody and Sankey's aduration 10 Hold the FORT"
% far its application 10 the market seemed 10
be the paramount desire to-day. There was now and
then feeble attempt advance prices, but q WINS as
difficult 70 make them bold it was to restore Humpty
Dumpty TO his pristine position. From the nursery
hero tho transition is easy TO the pantomme and the
sawdust and in this latter again appeared to-day
our ancient friend, Mr.. Merryman. The old familiar
saiutaton OF "Aere We again." coupled with
'sTommy make for your unclc'' was once more
heard again tho floor and the space asked for was
readily granted in Lake Shore and Western Union. So
HE variations in the market consisted Ia series OF
laps and fops which, II serious enough TO frgsten
sitLer bull bear at least attracted SUFFICIENT aten
sion to prevent affairs sinking into utter inanition.
supreme daness rcigncd up to nearly two o'clock,
when prominent house appeared with an order TO
purchase considerable lot of Lake Shore which being
accepted as hinting at higher figures tho price was
run up TO 55, which proved to be tho best quotation
Of tho day. Although temporary nrmness and ac-
hvity were thus created, affecting in measure West
Union and the OF tho list the Improvement did
continue long, Tor the last hour showed quite
great eagerness sell there had been TO buy and
Tho board closed up AZ weak second drawing OF
bohea
Apart from the effort weed the shorts, which
growing apace aud choking up the paths OF the
greater BEARS there is change the condition OF
things to warrant bull movement railway shares.
The contrary is rather the case, 1t be true as re-
ported, that the Eric Pennsylvania Central roads
have to-day issued instructions cut down tho rates
on Western bound ircghts and that similar process
will shortly prevail in respect to passenger fares.
There was more armness developed the coal stocks
to-day despite large sales OF Delaware and
which attributed to the necessity Of conversion
Of shares into cash for the purpose of settling estae
No doubt this seadness duo in great measure 70
Ne increased strength accruing TO the combination by
the OF Tho Lchgh Valley Railroad which has
for years back held aIoof the union and thus
materially threatened its homogoneity. The combina-
nation OF the great coal carriers consisting Of Delaware
and Hudson, Delaware and Lackawanna, Lehigh aud
Wikesbarre, Pennsylvania Coal Company, and Phia-
dcIphia and Reading is undoubtedly rendered much
stronger by the addition Of the Lehgh Valley Railroad
Company to its number
III connection with the coal stocks, and in OF the
fierce attacks upon the Consolidation Coal Company OF
Maryland made in some OF tho newspapers, We have,
In the interest Of such OF readers may be holders
Of shares made particular inquiries into tho subject,
and authorized by Mr. Campbell. the president
pf the company, TO make the following statement
regard the petition Of the Attorney General OF Mary
land recently hleu the Court OF Allegheny county, or
that State The petition sets forth that the rates Of
transporting coal on tho cumberland Pennsy
session and that Consolidation Coal Company,
ing purchased saiu railroad prior to the passage Of
the law reducing rates. continues TO charge the
former tolls and declines to make he reductions pre-
scrbed fer the Cumberland and Pcnnsy wanna Com
pany. The Attorney General accordingly prays the
Court 70 compel a compliance with the amended rates,
and this is and substance Of the petition. The
absurd stories regard the charter OF the Conso-
dation Coal Company having their origin IN stock
ratons are entirely ignored by the Attorney General,
who aludes to the charter u law Of the State and
quotes its provisions and powers The charter
passed in 1860 Is nlc ~ Annapolis being
properly authenticated by tho seal Of tho by
the approval OF the Governor. The company
organized under its provisions has ever since
paid heavy taxes tho state and to Allegheny
county and the charter has since been amended aud
otherwise recognized by tho Legislature The Consoli
dation company will soon answer tho petition, and
have no doubt the result Their learned counsel,
both in Maryland New York, fully satisfied OF
the company's right purchase and operate the Cum
berland aud Pennsylvania Railroad and to charge
higher rates than established, which the
same as those charged by the Cumberland anu Pennsyl
vana Company II well understood that attacks
upon the Consolidation Company result from stock
operations several thousands OF shares having been
sold for future delivery.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows tho opening, highest and