The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-02
FINANCIAL and COMMERCIAL.
Stocks, Irregular. Feverish Active and in
Some Instances Higher at the Close.
GOLD FlRMER AT IL SIS A lls IS.
Investment Securities Steady-Governmen
and Railway Bonds in Fair Request
and Money on Call 3 l-2
and 4 Per Cent.
WALL STREET.

MONDAY, May l-6 r. nj.
Stocks werc 'taken and well shakenn to-day like
vial OF physic from chemists shop. Shaken down
At FIRST and up af,crward until the hck
slab and possessed of properties purgatve to bulls
and bears alike Central and Hudson the great
feature OF business and neamens were portrayed
under a many pose OF gricvous fall and hilarious
rise though IL had been Dom PEDRO popular
actor under the hands of photographer The
tarcty OF earthly events is universally acknowledged
and was specially shown to-day In the course Of the
security referred TO- Mr. Vanderbilt for ton days
past has been by popular report every stage Of
dissolution, only falling to die outright He has been
feeble failing and at deaths door and sil his favorte
stock remained steadily at its normal quotation To-
day he is stronger better and swapping his fingers
the enemy, and Central and Hudson plunges down
four per cent. Quite quickly 1t turns the other
way and moro than recovors what it had lost. While
board members are trying guess what it all means
these the facts-opening at Saturdays closing
price OF liz, and ignored, usual an inactive mem
Der OF tho speculative list, speedily engaged the
attention Of Gould's brokers, who made desperate
attempt break The price under free offerings OF cash
stock and sellers option at = TO per cent below
regular quotations So well did the onset succeed that
The stock speedily sold down TO los regular, and was
offered 1919, seller co. at this point, however, the
Commodore's brokers put appearance apparently
quickly turned The rise that cnsued was even more
rapid than the fall had been. and in very
short time the stock on purchase OF unmportant
amount OF shares mounted to 1l2ls, or x per cent
higher than the opening There werc various sur
misses TO the reason OF this sharp and sudden squa
1t stated thai largo amount Of foreign stock
to DO offered for SALE and that Gould getting wind Of
the fact generously assisted to hep down." while
at tho time he bettered the opportunity for
covering his hopeless shorts. Some were OF opinion
that the report OF the Commodorc's health
was only a deuson and snare, while others again
figured out satisfactorily to themselves II not TO their
bank accounts that the decline due to the railway
contest and to the competition which wond start
up the opening Of the Erie Canal
Whichever be true, " either, IL evident that the
rest Of the market was willing to play at "folow my
leader" and to take its from the star of the day.
Consequently tho ups and downs and at the end
there were Of the former than OF the
after, nstigatcd by the erraiic OF the
favorte. Lake shore opened at 53is sold down to
62ss and back again to first figures Western Union
from G4l4 dropped to 637& and rallied back again 20
the starting point while Pacific Mail and Northwestern
remained comparatively neglected at fluctuations OF "a
10 per cent In Michigan Central transactions
unusually large, and prices ranged from 49l TO 49,
and back again to 504 the closing quotation being at
the semi-ccntcnnia figures
Tho Atlantic Pacific Telegraph Company, which
seems daily secrcte additional in its strife
with the Western Union, has reared its defantly
again in further reduction Of twenty per cent in tariff
charges the cities OF the great West and distant parts
OF this State What, with the newly purchased ce-
plant on their hands in the shape OF the Atlantic
and Southern lines and the forced reduction OF
rates, compelled by the vigorous oppo-
sition the chance OF resumption Of dividends the
part Western Union Is inviting Coal stocks. Of
the anthracite kind, steady and without feature.
Consolidation is quoted at 40a sales Of few hun
drcd shares Baltimore and Ohio Railroad account,
into the strong box Of which this security Is slowly
drifting.
Tho animation OF the market confined to the
carly drop and late rally business closing up with
siderable irmness. As to its course to morrow we
have sold Prob" OF financial procllvcs to give
guess upon.
THE SALES TO-DAY.
Tho transactions at the Stock Exchange aggregated
ls3 coo shares, follows New York Central and Hud-
son. 800; Erie $50; Lake Shore ts s00 Northwest
ern 1900; do preferred 800; Rock Island. 1900;
Pacific Mall $500; 81 Paul. 500; do. preferred, 400;
ohios 500; Western Union 40 1Oo Wabash 200; Union
Pacific, 500; Michigan Central $4,000
OPENING, HIGHEST AND LOWEST rRIcKs
The following table shows tho opening, highest and
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