The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-28
FINANCIAL and COMMERCIAL.
The Stock Market Irregular, Feverish and
in Some Instances Lower.
GOLD 112 70 A 113 1-S.
Government Bonds Firm-Railway Bonds in
Pair Demand-Investmen Shares Steady.
WALL STREET,
SATURDAY, May 27-6 2.


II the Twenty-third party will 20 junkeng on
the ton OF Colonel Kanes coach and leave their stock
interests TO take care themselves they have right
10 expect any other result than such as occurred in
YESTERDAYS market Starving bulls, whose impression
of spanking team is limited to i've cent jolt in
horse car, were not slow in making dash AZ the OPP
portunty, which the Pelham party had LEFT open by
their absence and consequently there improve
ment along the whole line of speculative fances.
External vigilance" is as Indispensable TO the stock
jobocr as the revolutionary hero for tho price of
shares ard tho price OF liberty equally In danger
from neglect
Tho Roadway obtained in yesterdays trade was kept
going for hour two this morning. when alarming
reports we're circulated as the Commodore's condi.
ton added to tho by cable OF feverish state
OF the London markets. serious fall in consois and
lower figures for American and other securities There
patent brake that could be used to stop the adj
Of tho Stock Exchange coach and it was 50 used
with effect. for the whole brought up
standing. horses pulled back on their launches and
coachman and guard aghasL There was nothing
lett but wheel the vehicle around as they did that
with Louis XVI. at Varenncs, process that
proved discouragng to the hopeful bulls as 1t did to
the unfortunate monarch. Lake shore and Western
Union had started or hot favorites, the former adj
vaucing from 66aS o65S and the latter holding its
own at fraction below "a but the occurred
under the circumstances have noted, there was
sudden pressure SELL nmble sxpence bulls voting
The slow shilling plan played out and unfriendly bears
pitching in, hammer and ongs, TO add to the melee The
result a serious drop in both fancies-vz Western
Union 65% and Lake Shore TO 81, with u per cent
Improvement only at three O'Clock. The rest OF the
quas-actvo stocks participated IN moderate degree
with the specalties but, whole, seven tenths
OF transactions emanated from dealings these two
securities.
The interest in Pacific Mail has faded away like
morning MIST and Jay Gould and its activity seem to
have squclchcd together What is be his fato
in tho telegraph struggle is not SO clear,
opinion being about evenly divided to whether he
be short long The purchase OF 20 900 shares
yesterday for interest certainly important
item in the days transactions and Is credited to
Gould on the hand and to the Park party on the
othcr large lot sold out to-day OF equally doubt
rul origin, and there children in the market
wise enough to be Of the paren.agc
New Jersey Central and Delaware and Lackawanna
decidedly better to-day, not that the economy o.
the corporations had improved but that tho pendulum
having swung unrcasonably far one way, was now
forced to swing back again. Michigan Central, as
usual was inclined to follow the leadership OF Lake
Shore and did SO at respectful distance regards
Importance of fluctuations, ultimately closing fairly
strong, with limited demand.
SALES TO-DAY.
The transactions at the Stock Exchange to-day ag-
grcgated 126, 600 shares, which divided fol-
lows-Ncw YORK Central and Hudson, 2,450; Erie
$3.50; Lake Shore So, 2Jo Cleveland and Pittsbarg,
1907 Northwestern 200 Northwestern preferred. 500;
Rock Island 3oo Pacific Mail, 1900; St Paul. 800;
st. Paul preferred $500; ohos, $500; Western Union,
81, 300; Wabash, 500; Union Pacific, 200; Panama 100;
Michigan Central, 9.lo0; Delaware. Lackawanna and
Western, 1000; New Jersey Central, 2,115; Union
Mining Company, 1900
OPENING. HIGHEST AND LOWEST PRICES.
The following table shows the opening highest and