The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-22
Stocks Frmer-A Reaction from The Lower
Prices Of Yesterday.
GOLD EASIER AT 1i2 7-s.
Money on Call Abundant at and 1-2 Per
Cent-Governmen and Railway Bonds
Eteady-Investmen Shares Quiet
Foreign Exchange Firm.
WALL STREET. |

FRIDAY, April 2l-6P N.
''stcadyi" sings out the captain to his steers
man, and STEADY" the word passed TO the stock
market this morning by the chief speculative Shippers
Straight her has tho bark been kept anu she
mas scarcely waved enough in the way OF fluctuations
10 furnish excitement to the smallest Of FREQ
boating traders. There has been lul In
The bad weather OF the last few days,
however, and things, If not improving, are, at
least no worse shown in somewhat better feel
Ing the coal stocks and certainly no worse one in
me railroads. Lake shore and Michigan Central. which
have been staggering about for the last week IN
! disgra ceful manner, braccd up bit,
a. IL ashamed OF the low courses they
had been led into, and took higher view
OF their value. Not material reformation how
aver for the improvement Of the 1rs was simply from
NJ to 55,s and Of the latter from 517s to So there
boing lapse back their old habits Of half per
at the close. Popular feeling is against any
permanent change for the better yet, and lower
prices arc theorzcd for of these stocks spite Of
reports OF additional earnings and mythical dividend
which some people pretend to sec Mr.. yanderbt's
road
The Western stocks were stale n barrelled egg
IN q groccr's shop and could not be made palatabe
inter any sort or cooking Consequently they were
severely let Alone and hungry scapcrs sought tho in
nting offered by active stocks. Among
hese may be cited Western Union, which, II
did not supply "dish 1T for the gods"
ras at least more substantial than any
offered by Duke Humphrey. The extremes
G6ys and 66'S marked its fluctuations, and It stood at
The latter price when business closed Its persistent
strength for week past has been marvel of the
market 10 view of the weakness of the of the list
strength which was attributed to the purchases of
Gould the belief that pool had been formed by
The Morgan and Osborn party for quick turn.
However this may be, it seems that breakers ahead
sighted ut the point Of 6S and the effort over SINCE
las been keep the vessel of Ice shore. Mr. Gould
scarcely reliable beacon to steer for and Is apt to
dousc his clm' when his light is most required, and
IN this he appears have done for his brokers
have been quietly supplying tho market with stock,
which the venturesomc pool mariners are obliged TO
take or founder.
Between this 'pull devil, pull baker" arrangement,
Western Union shares have quietly settled down from
IS of day ago to G6s to-day. at which lattor
price they closed. IL anything Pacific Mail moro
Of an enigma than Western Union for it has rather
advanced than reccded time that II hcsitatcd
between the threatened scyla of bankruptcy court
tho hand and the Charybdis OF receiver the
other.
II has literally come to the at 20 and remains
within fractional distance persistently. Nobody
seems to know tho why, though its steadiness
may possibly he due 10 an impression that the great
transcontincntal and sthmus railroads united with
Pacific Mall may form combination that will secure
the Atlantic and Pacific trade terms which win be
advantageous to each.
Meanwhile, as a commentary on tho above, have
The announcement OF the immediate despatch OF
steamer under the direction Of the Panama Tran
lit Company. 1t is SIMPLY a opportunity to pay
Tour money and take your choice.
The transactions the Stock Exchange to-day
aggregated 1914 900 shares, which distributed
allows:-New York Central and Hudson, 100; Erie,
1900; Lake Shore 3l,S26; Cleveland and Pittsburg,
1884, Northwestern, LOO; do. preferred, 1420; Rock
Island 100; Pacific Mail $780, St Paul. 2,400; do pre-
fcrred 700; Ohos 600; Western Union. So 500; Wa
bash, $780, c. G. and c., 100; Michigan Central 1850;
New Jersey Central 2,1S5
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and