The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-20
FINANCIAL and COMMERCIAL.
Stocks Feverish and Irregular
Wall Street Mystifed.
GOLD 112 70 A 112 So.
Money on Call Loans 2 1-2 Per Cent-The
Coal Securities Weak-Governme Bonds
Firm-Railway Bonds Steady.
WALL STREET,

FRIDAY. May 1876 p. n.
The Pacific Mail thunderstorm which broke over tho
market yesterday spent its force this morning, and
Ultimately subsidized into the gentest Of breezes.
fhere occurred grab at the opening driving the
tock upward from II to 23 but after lhon only lai
ling winds prevailed limited to the extremes OF these
MO points, with almost a calm At 22}s at the end.
rho obscuri,y which hung around tho Steamship
sncy was slightly cleared up during the day;
but nobody but tho Old Probabilities OF the
movement can discern what sort Of weather
is ahead There was another attempt At
meeting Of tho Pacific Mail Directors this morn
Ing but II failed the one OF yesterday
lid, for lack Of quorum, tho Gould contingent
peing conspicuous by its absence. Oh course the
yodemoiches OF the street at once commenced to put
This and that together and argued from this combna-
ton that It the set purpose Of the Pacific Mail
SINS" TO de;oat the Panama ouis by refusing to take
the proper steps preliminary and necessary TO the
Election which the rules Of the company call for II
appears that the bylaws require certain number OF
Inspectors to be appointed previous tho election al
Aough the books need not DO closed until the day be-
ore. persistent determination 10 prevent meeting
~ the failure to obtain quorum may prevent the APP
pointment Of the necessary inspectors and
formal vote TO close the books aud, want
ing this legal process may be taken to
prevent the election beng held at all In
such event 1t is by many OF tho unforu mates
who have fallen victims to tho tricks OF the All Sing
Of the street. but who believe themselves up to
his wes, that Gould will endeavor to force the
pany into bankruptcy or into the hands OF receiver
before Of stockholders be obtained for
directory If this DO the game Of the Artul Dodger
II will simply fall In with the belief which obtains
to-day that the control has virtually passed the
hands Of the Panama party, and that Gould knowing
Tho fact yesterday abandoned his untenabc position,
throwing overheard in his retreat some 10000 shares
Of stock ut advantageous prices, to take refuge
under tho entertainments Of the law. With tho stock
bodcrs to Coventry Gould and Dillon, impor-
Iant creditors by Of the cash advances lately
made, might still retain control OF the company, and
with it tho life and prosperity OF the Union Pacific
Railroad.
There was another woful tumble In New Jersey Gen.
ral from IS to SO, sold down by timid investors and
rympathizng bears.
Continuation no combination It is fated that tho
price Of coal must find its equilibrium at lower
grade OF ngurcs and the these cormorant
panies find the truth Of It the better themselves
and tho community.
Late in tho afternoon there was falling or in the
whole list without any particular rhyme or reason,
though bears pretended to detect music the air and
bulls blue as though they had been feeding on
bho famous grass OF Kentucky.
THE SALES TO-DAY.
The transactions at the Stock Exchange to-day ag-
yregated l4s TOO shares-New York Central and Hud-
son. 200; Erie, $4,000; Lake Shore. 80, 000 North
western preferred, 1907 Rock Island, 1910; Pacific
Mail 23,470; St. Paul, 1000; do preferred, 1900;
Ohios, 1900; Western Union, $4,000; Wabash, 200;
Union Pacific, 1855; c., c. and l. G., 200; Panama,
300; New Jersey Central, 1880; Michigan Central,
s. 900: Delaware Lackawanna and Western $40:
Union Mining Company 100
OPENING HIGHEST AND LOWEST PRICES
Tho following table shows the opening, highest and