The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-08
GOLD STEADY AT 1O5.
Government Stocks Steady and Railroad
Bonds Irregular.
THE BANK STATEMENT.
Money on Call 8 4 a 2 Per
Cent.
WALL STREET.


SATURDAY, April 7-6P N.
Whatever boncnt may ultimately to the treas
ures Of the trunk railroads aud tho antb race compa
MICS by their recent action, there has certainly boon
but little impression made tor the better upon tho
market value OF shares The low prices made In SYM
patty with tho ugly decline in Pacific Mall and Pan
have been In measure recovered from II is true;
but this result Is mostly TO be attributed TO the bear
element, which, frightened the spectre OF its own
creating, has endeavored TO re-estabsh confidence by
movement upon the bull side OF tho account. BY
This action many lines OF shorts covered and con-
Siderable long stock accumulated. which latter now
lies ike a dead weight upon the hands of pur-
chasers. There Is NO sign that these chronic
bears have experienced change OF hoart,
but, on the contrary, they publicly proclaim
steadlast belief in lower prices to como. Just
tho force of circumstances has delivered white
elephant into their hands. the keeping of which en-
barrassng. The public standing utterly indifferent TO
The OF tho speculative whco ana there being no
outlet to their holdings beyond tho restricted sluico
pipes afforded by two-andsixponny operators business
has pretty nearly 70 standstill and bids fair to
remain until the surplus long stock can be worked
or This may be matter Of some little timc, and
meanwhile scarcely moro be anticipated than
steady market and limited transactions. This eIoct
has shown itself to-day In dropping or TO loo, 600
shares in the aggregate of dealings which wore made,
general thing, within the limits OF one per cent
Prominent bears standing aoof as 1t were, with their
paws In their pockets, and bulls being like
the Yankee craft in the yacht overwhelmingly
s'nowhere' = tho business Of the day was
lett to the retail Vaccinations OF Lilipuuan
traders rejected tho rays Of the shining lights OF
tho market far their meagrs bank accounts would
allow Tho upshot Of tho matter was that prices
which had opened languidy gathered strength toward
noon, ana nearing tho close fell of again shade, and
30 finished up for the day and the week. Consdera-
Bile frmness shown by tho coal stocks delaware
and Hudson closing at 49 the highest price Of tho
day). which points to probable perfection Of the
police arrangements to prevent cheating as referred
to the last meeting, while the trunk railroads hav
Ing tthcr safeguard against rickery than written
agreement, which is easier broken than made
manned in n state OF wavering steadiness Western
Union claimed and received paramount attention
(bong quessonably strong The whe), from tho fear
OF further attacks from the rival limo, thus gaining
considerable activity, while Pacific Mail fell back Y
per cent from the best point OF the day.
The sales of stocks to-day aggregated 153 492
shares which we're distributed follows New York
Central 1854; Erie $500; Lake Shore, 80 600; Wa
BASH 200; Northwestern, 600; Rock Island, 500 Fort
Wayne 34S Milwaukee and ST. Paul, 500 do preferred
1850; Piitsburg 2G0; Delaware Lackawanna and
Western, 80, 900; Delaware Hudson Canal, /, 1907
Michigan Central 1880, Illinois Central. $50; Chi
cego Burlington and Quincy, 400; Hannibal and st.
Joseph, 600; ONO and Mississippi, 200; Panama, 100;
Western Union 49, $50; Atlantic and Pacific Telegraph,
400; Pacific Mail, 4.25o Wells, Fargo & Co, 100;
United States Express, 100
OPENING, HIGHEST AND LOWEST
The following table shows the opening highest and