The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-04
The Stock Market Irregular, But
Trife Firmer at the Close.
GOLD STEADY AT III rs.
Government and Railway Bonds Quiet-m-
vestment Shares Easier-The Railway
War in Progress-Foreign
Exchange Strong.
WALL STREET.

Polo originating IN India has worked its way west
ward, like the OF empire tho measles Horace
Grceleys young man IL promises to add to American
pluck develop the bceps Of muscular Christians and
generally shame the devil, who hates tho smens
in corpore sano" he does holy water 1t is great
mistake however, TO suppose that polo counter
fei! prescntment has not for long time played
IT the Stock Exchange
II operators do not avail themselves or ma.
teral malets balls Of deal and Liliputian horscnesh
but they nevertheless hammer away with options and
drive stocks into a corner on the mount of q margin
which often proves sorry jade indeed. There was
very lively game to-day, and tho goals made were
achieved under limited display OF dcxterty and skill.
In TACT the moderate interest exhibited attached
10 Lake Shore and Western Union
trely, the rest OF the list remaining at
nearly yesterdays quotations, cherries
churchyard and ms desolae whole orphan asylum.
There was perpexng popularity about tho dealings
In Western Union, which created much scratching OF
heads among both bulls and bears for Mr. Gould moved
b such "a mysterious way his wonders 10 PERFORM
That opinions were equally divided to whether he
Werc tho greater seller or greater buyer. The fact
appears DO that he simply endeavorng to place
his short line seller sixty basis at concession OF
two per cent from the cash price. In of the
fact that than two per cent paid to borrowers
for carrying, and OF the annoyance OF possible daily
Interest decidedly preferable at this time. This
seems be about tho gst OF the matter, and 1t Is
probable that these transactions were simply pur-
chase OF cash stock against equal OF sellers
options
Lake Shore turned up with disgracefu black eye at
the very start for the price then made-524-was the
worst Of the day. II had drunken stagger through
he most OF business hours but Strengthened up toward
lhc close on An improvement Of about one point
Stocks OF the anthracite coal companies were dull
and neglected, though there tendency to some-
what lower prices There is, however, some little stir
In the shares OF the Consolidation Coal Company Of
Maryland, which from appearances may flare up las
esms betting q bitumnous coal stock) in such
scorch the bears who have gone short OF
curity.
Tho matter having been commented upon
by portion OF the daily press
have taken trouble TO get Information
rom reliable sources, presumng, as usual, that there
two sides TO tho story II appears that the Con-
solidaton Coal Company was until few weeks since,
the OF nearly tho entire stock Of the Cumber-
land and Pennsylvania Railroad During the tendency
Of a bill in the Maryland Legislature to reduce tolls
Goals carried the above line he tito of the road
being specified in the act the coal company effected
out andout purchase OF the entire
Consequently the legislation was directed against
corporation which longer existed; ana, though the
bill was passed and signed by the Governor, 1t is
claimed to be about formidable Don Quxotes tit
againstthe windmls Meantime certain part les have i'm
proved the by getting short Of the stock
seller 90 options tho extent OF To- 900 shares
Of which have been purchased by President Gar
rctt OF the Baltimore and Ohio Railroad. How the
deliveries be made at the expiration OF the
tracts Is clear little stock is offered for
sale and shares for delivery arc difficult to borrow
The interest In Central and Hudson which existed a
few days has mostly died out, and Is only cvnccd
by some few sales seller so options at per cent
below the cash price.
SALES TO-DAY.
The transactions at tho Stock Exchange aggregated
100 400 shares-New York Central and Hudson 3,944;
Erie, 5000; Lake Shore, 4o5oo; Northwestern 900;
Rock Island 700; Pacific Mail, 1900; ST. Paul. 5000;
To- preferred, 23oo; ohos, 1850; Western Union,
3. 700; Union Pacific 200; c. C. and l. c., 100; Mich-
.an Central, $3.50; Delaware, Lackawanna and West
rp, :, 400; Union Mining Company, 200
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening highest and