The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-24
FINANCIAL and COMMERCIAL.
Events Of the Wetk-The Progress and
Changes Of Speculation.
THE GOLD AND MONEY MARKETS.
Silver Payments Improvement in Govern
ment Bonds The Railroad
Warfare.

SUNDAY. April 20, 1910
By popular this Esd day Of April regarded
- the birthday Of Shakespeare. BY popular consent
the wonderful intellect which shaped his works is con-
ceded 70 have embraced wider knowledge OF the world
and keener appreciation OF It's sum and substance
than can be accorded any other writer living or
dead. Law, physic and religion; politics, diplomacy
and sociology, each and all have been treated with
rars cunning by his versatile PEN People say that there
Is subject the heavens above. the earth beneath
the waters under tho earth" which Shakespeare has
not observed and commented upon People arc
wrong Tho .sDivine William was weak on finance.
Beyond rhe Jew which Shakespeare drew" there Is no
play with althy lucre as basis OF action Not much
in tho merchant Of Venice" for the playwright
has no conception OF bulls and bears, and gets no
to Stock Exchange proceedings than the pur-
chasing of a call pound OF flesh, which the seller
with Jay Goud-ike cheek quipbles out OF In the end
There is evidence In his works that Shakespeare
took "a flyer" though Bacon (for the Of his
name) must have more than set him up with
margin Unless some unfortunate speculation Is re-
TERED to when wrltcs:-
Our fances gddy and unnrm,
More longing wavering. sooner lost and won.
Than womcn's are
II Is evident that Stock Exchange jobbcrs can 1nd
little TO quote from the Bard Of Avon. Requiescat
pace.
Tho summary OF tho past week is the record Of
weak -kneed Market and tho tendency Of events has
been TO make 1t Faith In tho great coal investment
siocks has been shaken and shares which usually
hcd out OF the have crept for sale under the
information that business torpid and prospective
dividends doubtful. Open hostiiities havc broken
IN ntcrnecine war between the leading railway cor
poraions, and dividends from such have paid them
arc more doubtful STILL
Mr. Vanderbilt as controller Of tho vast Central and
Hudson corporation decides rid himself cntang-
ling alliances with other roads, and will exert his
powerful influence to regain for New YORK city the i'm
portant grain traffic which has been diverted to Balti-
more and Boston. Lett Independently with the
advantages OF four tracked road for freight and
equaed passenger traffic, the whole business being
worked at cost of fifty per cent less OF gross
ccipts, and with determination, I'M
derstand, OF chcapenng rates II necessary to
point which will defeat competition the Com
niodore throws down the gauntlet OF dan
gerous antagonist With inferior power of resist
Lake Shore Michigan Central with their less
important connections, placed in enyiablc posi-
ton, and can scarcely tail to suffer from any long
nuancc Of the strife. frightening up OF trade pros
poets to BIO tho only hope for better state of
things but yet the clouds refuse to, roll away and
the prospect Of clearer weather is not inviting.
Passing from the railways we lind like contest rag
Ing between the rival telegraph companies There Is
suc same Oiuulng LOT business ana the same cutting
down OF rates to invite aud equal existing
tainty rs 10 how tho whole matter will end. Further
reductions are threatened by the Atlantic and Pacific
Company in the tart for messages, and lowering of
passenger rates the great railroad trunk lines is
hkeiy to he consummatcd in few days.
As earnest OF the pcrtiuaeity of the telegraph
contest learn from undoubted authority that the
Atlantic and Pacific Company, by way OF carrying tho
war into Africa, will at once commence the consruc-
ton OF lines from Washington to Mobile and New
Orleans, taking the way the cities OF Wilmington
Charleston, Savannah and Augusta, Ga.
These but steps in the movement which must in
evtaby bring about The chcapening Of all the
ties OF fc and which, however disagreeable vested
interests, must be established before permanent
for tho better becomes fixed fact
PRICES STOCKS
The following shows the opening, highest and lowest
raes stocks during the past week. and the number
OF shares dealt In -