The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-21
FINANCIAL And COMMERCIAL.
Review Of the Week The Stock Market Quiet
and Without Special Feature
THE MONEY AND GOLD MARKETS.
The Course of Investment Securi-
ties-Mining Intelligence.
WALL STREET,

SUNDAY. May 20, 1877.
There was a conspicuous absence OF anything like
interest excitement III the OF financial mat
tors last week, and the stock market lay dun
desert without oasis Changes in prices wcre fire.
quont but immatera and tho grand result at the end
presented schedule Of quotations which, II not to
the best that had been made, pretty near them.
Some qualification, however, is necessary in tho case
OF The coal stocks those specatias put their best
foot foremost ut tho beginning OF the week and
brought up limp and totteriug at the end. Tho de-
csion arrived at by the managers OF tho various COM
panes suspend tho working OF the mines for either
June July regarded by spectators likely to
prove advantageous, and a brisk buying movement
ensued which stened prices slightly. II soon became
known however, that 10 make this Cruel Of compact
'thck and slab" 1t required an eeye OF newt
of irog'' in the shape OF concurrence, which tho
Reading Railroad could alone supply. Mr. Gowcn, tho
President being in London, it necessary to cable
him the nature OF the scheme and await his response
This he has taken his time In making though It
Is believed have already arrived here in shape that
unsatisfactory 10 his brother coal carriers At any
ratio the Board assumed that IT would be unsatstac-
tory ana so expressed themselves by selling stocks
figures which at the close yesterday the
lowest OF the week II is that without unity
OF action the plan would be as impossible an arch
without keystone, and since Mr. Gowen through the
lOrco Oh circumstances occupies the pace OF master
mason 1t depends upon decision whether the struc-
shall be made bear weight be allowed to TALL
pieces from sheer dsintegration. After the middle
the week the railways began to assume strength
and point upward, as though they ronlIzsd tho fact
MAT the coal stocks bad company and the
hey loose from them the better; Tor the next
ihree days We were treated to market which ad-
RANGED the railroads and depressed the anthractcs
Tho roads west OF Chicago with Michigan Central.
we're chiefly benefited the demand tor stock Tor voting
purposes and the bonus paid for proxies together with
The extensive short interest In the ST. Paul shares
interest which took fright and clambered as usual
acting "a stimulus to quotations. Even tho Ohio and
Mississippi concern which at ono time threatened in
point OF figures, sink goose egg condition, rail-
lied ono per and pretty nearly retained H. Al
though a considerable number Of stockholders are
displeased with the present his
management, and indulge in forlorn hope
Of making change, 1t Is nevertheless
stated that the road is improving In Its business
and that resumption OF interest payments
In the near future is al all improbable. Western
Union, which had smiling at tho beginning OF
the week under the compliments Of It's friends.
bad knock down before IT was well on it's legs Re.
ports OF a material falling of in its business arising
from competition and the loss OF the extraordinary
,oip,s which flowed in from tho Presidential campaign
ina the Exnioition WcIe Heoiy c'rcuiaico WIN tue
effect Of breaking the price from 90 TO 62S and leaving
with only fractional recovery at the end. Dcslngs
Tor the week having been only moderately participated
In BY the rst class professionally but left almost
trely to those OF pot hunting description, such
changes as occurred were neither significant at the
time nor prophetic OF the future.
TRANSACTIONS THE WEEK.
The following table represents the opening, highest
and lowest sales, regular way OF the principal stocks
during the past week, together with the number Of
yharcs dealt IN -