The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-18
Stock Market Du
and Weak.
Government and Railroad Bonds
Strong and Generally Higher.
Money on Call Easy at 1 1-2 a
2 1-2 Per Cent.
WALL SrRREr.

THURSDAY, May Ito r NJ.
Speculative hnckstcrs bad pretty much their
way with tho market to-day and pedded among them
selves patry lots stocks which, however. by being
frequently passed from hand to hand and each timc
recorded new transaction, figured up to tho re-
Spectacle amour, oil 100000 shares. Ia Short there
prevailed brokers' market ur ct simple and one in
which trading was confined mostly operations under
the safeguard OF puts aud calls. These promises 10
receive and deliver now freely hawkcd for sale
about the purlicus of the Stock Exchange-arc made
all active stocks at ali prices and all periods,
IRON days to sixty-and purchased u sort Of
back log rpon which the lire o. speculation can DO
safely bull a guarantee agans. loss being thus
obtained unless, not inhequently happens. tho
crawer OF the privilege should ''bust," in which
case both seller and buyer to grief togethor),
made with freedom than would
otherwise DO the case, tho duincss OF tho market liz
relieved and The commission broker benefited II
follows as matter of course that business of this
KIND can possess significance that fluctuations
aie purely artificial.
Nor does it appear be within the power OF the
chef operators TO them otherwise, for they are
in quandary themselves TO the future course OF
prices their position both sides of the market
proves In fact COCA deal OF disappointment
ut the continued sagnation in trade which, beyond
spasmodic activity grain produce. as profound
as ever. Neither railroads telegraphs show i'm
provcment in their earnings and likely to make
sui worse show when comparisons drawn with the
business that grew OF the Presidential election and
tie Centennial Exhibition Of last year.
The Chief changes confined to-day to the coal
stocks, Lake Shore and Western Union. The anthra-
oscilated frequently within tho limits OF -. per
cent and apparently got their motive power from tho
contradictory reports circulated to whether Mr.
Gowan had or had not approved OF the ''pan" No
Ina.t IN IA ~ t
Gowan's inclinatons as dubious the value of
the property which he controls Lake Shore and the
telegraph marked by similar irrcguarity
md luctuatcd mildly under the manipuiatons OF the
guerlas, although considerable operator said
10 have sold out heavy lot OF long stock Toward tho
close the whole market grew weak and prices finished
at about the lowest points OF the day.
THE SALES TODAY
The sales Of active stocks to-day aggregated 100 4i9
shares, winch distributed as follows New York
Central l5,43o; Lake Snore, q. 400; Northwestern,
1900 Northwestern preferred, 400; Rock Island $50;
Milwaukee and st. Paul, 100; Milwaukee and ST. Paul
preferred, 1900; Delaware Lackawanna and Western,
a. 500; Delaware and Hudson Canal, $40; Morris and
Essex, 4 o2I Michigan Central, 300; Hannibal and
81. Joseph, 200; Ohio and Mississippi $3.50; Western
Unon II GOO; Pacific MAIL l, loo; ST.. Louis. Kansas
Northern preferred, 400
OPENING, HIGHEST LOWEST.
The following table shows the opening highest and