The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-26
FINANCIAL and COMMERCIAL.
The Stock Market Generally
Firm but Irregular.
GOLD 1l2 SO A ll2 ga A 1l2 5-s.
Money . 10 and Per Csnt-Invsstment
Shares, Government and Railway
Bonds Steady.
WALL STREET,

THURSDAY, May 25-6 p. NJ
The blue sky which we drew attention to yesterday
- prevailing in the Stock Exchange armament was oo
secured by no passing cloud to-day, yet wthal there
was little evidence Of what gardeners call growing
weather. With the exception Of Lake Shore, which
sprung up like cop Of asparagus over night the rest
Of tho list scarcely put additional bud or BIOS
som. Yet this security proved vertabIc Jonahs
yourd which, springing up from SEA nj the opening,
grew in It's proportion until 1t touched 5sss ana pre-
psnted tree OF life TO grateful bulls but very upss
70 growing bears. OF course this eminent success
In arboriculture was due to some controlling power,
and this was shortly developed in partly authenti
Gated report that the managers Of tho great railroad
trunk lines were TO this city for the pur-
pose rsconciling difficulties in the way Of putting
stop the tariff cutting process also to the absolute
fact that Twenty third street had been large coverer
Of shorts during the past two days When, however,
IL began TO dawn upon the minds Of operators that an
increase OF by controlled an increase OF
traffic but rather invited additional competition on
tho part Of lakes and canal, and when 1t was plain
that the short interest had mostly closed up there
was less eagerness buy, and the price fell below 81,
though 1t ultimately closed about that figure
In Western Union, the contrary there was fair
amount Of steadiness ony-in fact there was decided
squirt bearward in the shape Of important sales.
70 64K with no reduction OF the strabsmus at the end
We hear nothing to-day Of the suppositve brand new
bull party this stock and less Of It's handi
work. Whether Il has become faint hearted already or
whether has existed in fact Is probably known
only TO tho pool tself-and Mr.. Gould. Speculative
steam has been entirely shut or from Pacific Mall to-
day. and the vessel lying at anchor in tranquil waters
has swung The tide with greater changes in quo
tations than such were proddced by the ebb and
dow or the rest Of the market Tho stock at
pns time was In demand for transfer pur-
poses the books closing to-day at premium OF 10
until tomorrow, but It did not develop any particular
eagcrncss to purchase shares for cash. Michigan Gen.
trail, as the 6das AcAates OF Lake Shore and general
side partner participated In the hilarity Of the
favorite, and advanced from Ask to 46l with slip
back at the Gle SO to asa.
In the coal stocks transactions were almost nominal
and without any important change IN prices
Tho existing short interest has created demand for
borrowing purposes, which pays holders small bonus
Tor having their shares carried-thus, at one timc y
per paid for the use OF New Jersey Central
over night. and 1872 for Delaware and Lackawanna
Mr. vanderbilt's prime favorite Central and Hudson,
grew better with its owner and sold up l10 with
sharp demand for cash stock y per cent the reg
uar price, the Commodore lease Of life has sixty days
stl run expect at the end OF that period
scramble for cash stock for delivery, which will be
good play bulls though bears may not look upon
In that hight
Eric remained firm during the day at IA l41<, Lon
don prices being better and belief existing here that
figures will be marked up shortly.
There no increased demand for money and no kell-
hood TO be any for long time to come.
THE SALES TO-DAY
The transactions at the Stock Exchange to-day az
Kreeased 1854 $40 shares New YORK Central and Hud-
son $685. Erie 2s75; Lake Shore, 50, $40; Cleveland
and Pittsburg, 200; Northwestern, 1905 Rock Island,
700; Pacific Mail Is $50; st. Paul, 14oo ST. Paul pre-
ierred, 1900; Ohos, 2,l5o; Western Union, 4o,4oO;
Union Pacific, ESQ., Panama, 100; Michigan Central
l225o; Delaware. Lackawanna and Western, 2, 100;
Union Mining Company, 1850; New Jersey Central
$50
OPENING. HIGHEST AND LOWEST PRICES.
Tho following table shows the opening, highest and