The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-11
FINANCIAL and COMMERCIAL.
Stocks a Fraction Higher, but at
the Close Feverish.
GOLD 1l2 SO A l12 La.
Money on Call Loans 2 and l-2 Per Cent
The Bank Statement Government Bonds
Firm-Railway Bonds and Investment
Shares Generally Steady.
WALL STREET,

SATURDAY, June lo--6 4. ~
The Roman would have regarded day SO repete
9Th sport land and water this avery Lupercal
There are horse racing, polo playing, ball matches
and regattas, regular and Corinthan. Professional
craftsmen have left the In search Of pleasures
which, even 10 them, sometimes more attractive
than money getting, and, consequently, the
Board has been sailed to-day by crew OF Corinthians
1t is hoped that che amateurs down the bay are making
better work or IL than tho before mentioned gentry
have done and that their quid pro quo OF sport for
labor Ia more remunerative.
With NUTS for marines 1t is lucky that the ship
rot under way without any greater hitch than arose
from sharp squa in Pacific Mail at the very onset
The Stock which had closed yesterday only modcr-
ately steady at 234 took sudden bounce upward Of
one point the very first transaction, and ran up
the gsmut of eight with celebrity until 25,.
recorded Aferward there occurred slight reaction
and feversh nuctuation until the days dealings
closed at q return to 254.
This sudden start Pacific Mail shares seemed to
be recognition the adage that time is money
The company having surplus OF the former but very
little Of the latter commodity hand, Mr. Park, the
Panama Railroad President, has consented to make
temporary swap Of for the other-that s 10 say,
be has agreed to pat the the steamboat
concern until May next, until such time, really
the clique is ready sell and range themselves
the short SIDE when unfortunate ''misunder-
standing is likely to and upset all the pot in the
nre. There has been Tor years past much chcancry
IN the management Of this stock that spectators
gard dog with bad and
iccptical of all promises that made in its
favor The other steps which said to have been
talcn looking the discharge of the floating debt have
already been noted, and will probably be carried out
AIDS and abcttors to the bull movement Unfortunately,
Pacific Mail is valuable football for stock gamb-
ILg game permit IL twithout sruggIe) TO become
anything but the ancient Of fances.
Lake Shore and Western Union less active than
usual, and fluctuations confined within
limits AT O'Clock Central and Hudson assumed
heavy look aud rcccded quietly but quickly 1917,
about two points below opening prices At this stage
Mr. vanderbts brokers came in to steady the stock,
aud did with little exertion, the cash
price ruling at 10Sa against sales 107, seller 60
The decline was undoubtedly due to further cutting
down OF passenger tolls to the West by crafts, thus
sailing the wake Of Pennsylvania Central with Erie
Also following suit There is half per cent better feel
ing Ohios with tho mystery of yesterdays sales still
Unexplained
Toward the close better feeling grew all around
II the scratch vol pleased have brought
their craft safely into port Beyond the point have
acted there significance in the days business
although It Is worthy OF remark that in spite of alb
Sentees and general duness there existed under
tone OF strength that was remarkable.