The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-06
The Stock Market Active
and Stronger.
GOLD 1O4 rs A 1O5.
Government Stocks Firm and Railroad Bonds
Generally Higher.
Money 8 1-2 a a 1-2 Per Cent
sb on Call.
WALL STREET,

THURSDAY, April SOP. n.
Tho Market which was at the boiling point two days
ago. has fallen back state OF simmer which scarcely
realizes inc amount OF hot water that then threat
ening IL speaks well for the condition OF tho street
that few operators met wha scading and Il speaks
volumes for the innate strength OF market which
resou'cly resisted fall and quickly responded to
rise II is true that the bears 10 DO credited with
lending their efforts to stop impending disaster, but
the sharp reco which has followed be duo TO
latent power which implies a creator feeling OF
security in present values than supposed to exist
No doubt good deal OF this has grown out OF the I'm
preston that the protracted decline has been greatly
due TO an artificial pressure upon the part OF the
bears, that the slowly rowling trade Of tho coun-
try Is antagonistc to further depression. and that
removed effort will be made upon the part Of the trunk
railways to keep the peace and q conseq uence i'm
prove the market prices OF their shares Regarding
this latter point great and apparently unnecessary
rccence has marked the action OF the railroad presl
dents keeping the result Of their deliberations from
the public. yet acting more upon surmse than upon
facts, II has to DO believed that satisfactory
arrangement has been accomplished.
Unfortunately the railways have bad way Of break
ing contracts almost they formed, pro-
vded they made nt; and in view OF the slip
up In the December one. the public to be blamed
tor regarding any fresh effort In that direction with
the eye OF suspicion.
further infusion of strength was impaired to the
market by the meeting OF coal representatives. who
have at last wakcned up to the truth Of the policy
that restricted demand requires proportionatey
restricted production.
The committee appointed TO suggest q plan for the
Improvement of the coal trade recommend substan-
TALLY that the production DO limited TO the amount Of
5000 tons for the year 1877 the to be divided
among the several companies according to O schedule
suggested IN the report; also that monthly alot-
ment OF tonnage be assigned to each and that plan
be devised to provide for adequate security against any
interest shipping its proper quota The last clause
is certainly not very complimentary to the degree Of
faith which tho companies place In another but
the agreement a sort OF family matter, they have
probably gagged the OF slipperness to BIO at
tributed to cach
There was particular significance to be attached
to the market to-day beyond steady lrmness which,
did not materially advance prices at least held them
strongly throughout the day.
THE SALES TO-DAY
The sales Of active stocks to-day aggregated $50 S67
shares, of which the principal distributed fol-
lows:-Dclaware, LacKawanna and Western, AZ, 400;
Lake Shore. 80 600 Michigan Central, 80 400; Mwau-
kce and St. Paul preferred 6,4o0; New York Central
$4,000; Pacific Mall 16,6oO Western Union Telegraph,
$4,000
OPENING, HIGHEST AND LOWEST.
The following table shows the opening highest and