The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-05
A:Ocks LoweP-A Feverish Feeling Predomi-
nalt-Early Results from tho
Railway War
GOLD STEADY AT l1s 7-s.
Money on Call 5 1-2 and 4 Per Cent-G0v-
eminent and Railway Bonds Firm-Invest-
ment Securities Easier Foreign
Exchange Strong.
WALL STREET,

THURSDAY. May 4-6 r. MI
Performing and educated bears who had read the
morning papers appeared Change at an early hour
licking their chaps the bad ncws which was pub
lished concerning the rupture OF the Western Union
marine cables and tho onciafetters pertaining TO the
railroad The horticultural propensity popularity
scrbed TO bears mot remotely connected with garden
ng led these individuals Of the genus to antici
pate nno show OF fresh products which had
sprung out Of the nights evil news. They
we're doomed TO disappointment, however. The
den as infclicitous that OF the contrarious
"Mary," and II It did not bear sweeds and cookie
seeds" II offered nothing tempting in the way Of =
profitable CROP Indeed, the contrary was rather tho
case; for Western Union turned up lively though
rupture OF its cables had taken place, and
though strangulated hernia in the Of Its busi
ness we're apprehended.
So the break confined to It's sea laid wires and
did not extend TO the stock ITSELF the shorts hoped
and expected Tor it's progress upward and onward
At least SO far a. an advance from % to 04 will bear
proof
There 10 undoubtedly unexpected support to
Western Union and 1t is not quite from whence
It proceeds, though fair guess may DO made that
Gould has been at his old tricks again in tho way Of
making bull turn the market cash stock, while
his seller sixty lines remain undisturbed.
In this connection is proper to record the fact that
at the meeting OF the Executive Committee held yes
terday. very favorable showing was made Of the
increased receipts since the cutting down OF tariff
rates.
On this favorable exhibition Il seems to be only
necessary to continue the pruning process which offers
such satisfactory results TO the pubic and company
alike.
Lake Shore which at nrst sold OF In a scare on the
threatening aspect Of the railway warfare subsequently
1lindf nc 10 hnt1a
In the day. influenced by the real OF things and
The further unfavorable reports Of the Commodore's
health sunk down to SIX which Is the lowest point 1t
has touched In the last eight months Uncomfortable
bears prophesy st lower figures based upon the cut
throat railway rates and the figures Of the published
report which, on examination, are anything but
colored
That rickety old craft, Michigan Central which has
for long back been laboring in tho trough OF the sea-
seems to have como TO additional grief to-
day. Whether the jurymasts under which she
has been scudding have been whipped out Of her,
Or whether the Stock Exchange Loyds refusing to
wro any further IL is at least certain that the prop
Tty was marked down in value from 40 to Al, or at
1917 seller CO. II the time contract was deemed desr-
able.
What with the rigging all . snarl, with entanglng
leases and floating debt unprovidcd for by sinking
und, 1t seems onya question OF time 10 when the
unfortunate vessel will fetch up fatal leo shore
There more weakness exhibited tho so.
Mled investment stocks than among the purely spccu-
ntives for instance in Central and Hudson which
sold for l10K and In Delaware and Iackawanna which
the close, offered at 1867 regular and LOG seller
50 New Jersey Central esteemed worth
LOG by bulls and 105 seller 90, by the bears while
The Btuminous Consolidation Coal sold up a. with
little stock offering and with symptoms of squeeze in
future.
SALES TODAY
The transactions at the Stock Exchange aggregated
$4,000 shares, which were distributed follows
New York Central and Hudson, 2,54s; Erie, o290;
Lake Shore. 56,650; Cleveland and Pittsburg. 100;
Northwestern. 400; do preferred, 1900; Rock
Island, 1850; Pacific Mail, 5,275; ST. Paul. $500;
90 preferred, 5000; ohios. 100: Western Union,
s0,100; Union Pacific, 100; Panama, 100; Michigan
Central IA, 500; Delaware Lackawanna and Western,
$500; New Jersey Central, AGO. Union Mining Com
pany, 1850.
OPENING, HIGHEST AND LOWEST PRICES