The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-12
The Market Very Active
Coal Stocks Weak.
GOLD 107 A l07 IA A 107 3-S.
Investment Securities Strong and
Higher.
MONEY ON CALL EASY At 2L2 IL PER CENT.
WALL STREET., !
FRIDAY. May liz p. N.

FRIDAY. May LII +. N.
The report Of the special committee appointed 70
solicit from the various corporations whose securities
arc dealt in on the Stock Exchange periodical state
mcnts Of their financial condition met yesterday with
the unanimous approval OF Board members lw pub
lcation to-day In the public prints has brought the
subject to the notice OF stockholders body. and
has elected equal signs OF appreciation. The very
failure OF the committee to obtain what they had
reasonable right to require proves that the demand
was proper one and that the Information sought Tor
should bc cxacted pcremptorly. The modus operandi
of compelling publication of the desired Information
may take different shapes. but It seems
TO US that the power lies In tho hands
OF stockholders themselves. 1t simply exists in
tho expression OF opinion through tho ballot
box at annual elections to whether the managing
officials OF company arc in relation TO stockholders,
TO hold tho position OF masters servants. In the
ory they have held latter position-in practice,
they assumed the former; assumed 1t. too. with
a degree oil annoyance and ovcrbcaring assumption
that has cowed stockholders and almost led them to
believe that they possessed voice In the manage
ment OF their property. 1t IS time that this
"ssll small voice" should DO developed into such
commanding tones that tho guardians Of corporate
properties will BIO forced hear and to obey 1t. They
can DO made both II shareholders will interest
themselves sufficiently in their affairs to appoint
such directors only as win pledge themselves carry
out their instructions. II Is needless TO say that
among these instructions none can be OF greater
i'm than such as require from time
to time q fair, clear and truthful state.
mcnt OF business and financial condinon. This
Information is what stockholders should have OBJ.
tanned for themselves, what the Stock Exchange COM
mtcc attempted To obtain for them, and what IN most
cases has been impaired to neither The committee
are remss in not naming with commentator tho COM
panies which acceded to their requests, while they are
10 be praised for SO boldly placing In the plory those
which have refused II these latter should find them
selves bedaubed with tho mud Of doubt and suspicion
they will owe it TO their own folly and tho
position In which they have been placed by tho commit
toes report Business to-day upon much more
tended scale and grew OF increased activity In the
coal stocks aud in Western Union. The anthracite
companies got at oggsrheads again and have torn
M their schedules of future prices for coal pub
l,sned a month or SO since. Standing In whole
some fear OF Grand Jury It might DO imprudcns to
suggest that higher charges then advertised were
for the purpose OF bung the Stocks az Is tho action
to-day for the purpose OF bearing them. There are
those however, who, without fear Of consequences
either from court company profess 10 believe In the
probability OF both suggestions. Whatever be the fact
the result was fall from 20 per cont In the two
Dclawares and no recovery at the close. AZ set Oh
10 the decline III tho fancss the Board treat
TO rsc In Western Union. which added nearly per
cont to It's market valuo. The movement had more
the Of desire TO test the amount OF short
interest than a wish to buy, for II was abandoned
almost us suddenly It begun, and twothirds Of
the gain was lost before closing The general market
felt the depression of the coal stocks and In tho after
noon became heavy and lower, with only little gain
In steadiness in hnal dealings.
SALES TO-DAY.
Tho sales OF active stocks to-day aggregated 2e2 800
shares which were distributed as follows:-New York
Central, 1850; Lake Shore, 40 $3.50; Northwestern,
600; do. preferred, 1900; Rock Island, 1885, Mil
waukee and ST. Paul. 1,45O; do preferred, 800; Del
ware, Lackawanna and Western, SO, $50; Delaware
and Hudson Canal, IL, $50; Norris and Essex, $3.50;
Michigan Central, Is, AGO. Illinois Central 1000; Han
nlbnl and ST. Joseph 400 do preferred, 100; Ohio
Mississippi, 200; Panama. 200; Western Union,
s5,145; Pacific MAIL 1900; Quicksilver, 20o do. pro
fcrrcd 600; Union Pacific, 400 c. c., q. and l., 1880
e., G. and ]. c., 100.
OPENING, HIGHEST AND LOWEST.
The following table shows the opening highest an,