The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-15
ON CHANGE.


COAL STOCKS AND THE RUMoRs coNcEREISo
rHEM-RocK ISLAND BoNDs-THE KENNEDY
NEUTRALITY-SUSPICIOUS. EXCHANGE AND THE
WAR RUMoRs.
The rumor mania seems TO be rampant about tins
time few days ago the story went that one or two
OF tho coal roads flying AT q tangent from the
circle solvency In the direction OF bankruptcy ana
In consequence the spectators got profitable turn
out of the downward movement OF the Stock Ihen
the flying rumors were checked, rewards were
offered for the conviction Of those who started
them, and the statement went abroad that the
roads assaulted were in as healthy condition
as may be desired. The ramors, was authoritatvcy
asserted wholly without foundation. Then the
price OF stocks improved and II was hoped tho last had
been heard OF the rumors about these corporations
II the circuators false eager for another
thought they would turn their attention
in some other direction But no; the fever ran In The
other extreme, and for while yesterday report had
4, that the price OF coal TO be sent up, and
that tho Delaware. Lackawanna and Western
Company intended not to sell any coal THIS
month and thus help the upward movement Then
It was also said that s.if' the Delaware and Lacka-
wanna Company SO concluded 'it was not at all I'm
probable that the Pennsylvania and Delaware and
Hudson companies would follow suit" Now II so
happens that tho N" III this instance was OF very
crave indeed. There was no GROUND Tor
the circulation of rumor that the Delaware and
Lackawanna Company intended not to sell, and 1t re-
ceived formal denial shortly alter the close OF bust
in the Stock Exchange, when inc following went
the wires OF the stock lndicators:-
The Delaware, Lackawanna and Western Railroad Com,
coal on Wednesday, 10Th inst
1t is not likely to be so readily forgotten, as the
rumor committee must think that tho recent ''combi
nation, 10 like pool IN W hch individual inerests
superior To the common interest There IS no bond
OF union bat scllshness and the time may come any
moment when one OF the parte TO tho compact VIII
nnd IL convenient to act for ITSELF II Is stated very
good authority that Mt least two OF the parties 10 tho
posls 10 winch the companies were reported 10 nave
agreed. II is not considered koiy that they have
changed their minds since then.
KENNEDY SUSPENSION.
The report went abroad yesterday that the Messrs.
Kennedy, who suspended in The panic few days ago,
were gong TO resume at once and had comm enced
payments lEquiry at their office discovered that such
tho case, however. The time OF their rcsunp
ton was not yet at hand. No complaint has been pre-
pared vet in the SUIT against their customers
VINO were long OF Northwest The names OF tho
defendants in the summons III this action are as io
lows:--David Dows William J.. Scott r. II. lows,
Roswell L. Flower, A. d. Baylis, 4. g. Curtin, Martin
L. sykes, Jr..; Albert Keep, Hervcy II; Porter, H.
How, John H. Garland, Ten Hare, W. II. Ferry John
i. Tracy and A. G. Duman. Some OF these gentlemen
yesterday denied that any pool was formed, though
Iock through Messrs. Kennedy. Whatever
4 Interest they had was one In which
Keupoay ydocnsa % say
suit resting with the statement that the matter was
altogether IN the hands OF his lawyers, Nessrs ROBIN
son Il scribncr. AT the Office vi these gentlemen n
HERALD reporter informed that before tho extent
OF Individual Obligations could be determined close
examination Of the correspondence and accounts Of he
parties defendant would be necessary, and such has
not yet been made. The complaint IN the case must
be filed within twenty days, unless an extension Of
time be obtained
THE WAR RuMORS.
War rumors made the basis Of considerable
speculation In tho Produce Exchange yesterday Tho
latest European accepted thcre infalli
Bile indication OF coming trouble which must neces-
sary up the prices OF breatstuns. The anticpa-
tions OF the holders OF grain, Hour &c, sucn how
ever, 10 make transactions lew al the advances
sought Their vauting ambition o'erlcaps itself TO
that extent and il should come soon as IT
expected their desire Tor large reaizations may land
high and dry. Ocean ireehts, too arc reported
unsettled expectation 81 tho coming tray, the SEEM
ing desire beng to avoid engagements Tor the future
lest they should prove then a burden.
ROCK ISLANDS BONDS.
Bids for tho new six per cent bonds OF the Rock
Island road were opened yesterday tho amount to be
subscribed for being some $4,000 0OO II was an
nounced ut the Office in the afternoon that OF this
amount 81 900 mad been subscribed for at 100 and
upward.