The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-05
The Stock Market Active
and Steadier.
Advance in Panama and
Pacific Mail.
GOLD lO4 3-4 A los A lO4 rs.
Government Bonds Lower and
Railroads Irregular.
MONEY on CALL 4 A ) PER CENT.
WALL STREET,

WEDNESDAY, Aprl ID r. NJ
Although tho bears havc been working tooth ana
nail to destroy values and PROSTATE prices they seem
10 be as much alarmed ut was Pygma-
hon whom he chopped living woman out OF the nani-
mate marble Tho plunge Panama and Pacific
Mail was moro than they had bargained Tor, since II
threatened results that neither anticipated nor
desired 4, was therefore thought prudent 10 lay the
genii destruction which they had called into being
and they about II systematically and syoari'i-
raiy within the precincts OF IN uptown hotei by ae-
siding that for the moment a strong upward turn
should be gwen 10 the market EXpohcnts OF the
mos, ultra bearsh views said to have boon present
and to have agreed thai tho condition OF things upon
tho Stock Exchange bodcd good to either
bulls or bears; that n panic might be pre-
ctpttated with the utmost case, and that In
this event more than prominent nrm
which IL was desirable to keep aoat might 60 under
These assumed practical shape this morn
ing, when free orders were issued to purchase such
stocks as Western Union Lake Shore. Michigan Cen
tra Central and Hudson. This action was as timely
~ IL was Unexpected and quickly turned the existing
dependency into a feeling OF cheeriuness Attend
ing happily fell IN accord for It soon be-
came that Mr.. John Pondir, who had been TEN
porarly embarrassed by the sudden decline in Panama,
had made his contracts good; that Mr. Park had re-
ceived ready and substantial assistance from his
friends and that certain banks which were reported
10 have advanced par on the shares of the lsbmus
road had either had such loans paid on or had
been secured by additional margins FURTHER II was
reported that Mr. Garrett and Mr.. Vanderbilt
had again buried the Ratchet IN the matter
OF freight cutting, and promised to keep ~ our'ed
uptii--well, until ono or the other shall think
NJ TO dig 1t up again. These favorable circumstances
worked the advantage of Panama, which rose from
S7h TO 100. OF Central and Hudson. which advanced
Gk4rn tn
Michigan Central from 37a4 to 4os. Although out Of
the direct OF mpressions Western Union improved
the the market, and, IN TACT IN magnitude
OF transactions stood the head of the list, nearly
o. 900 shares having found sellers and buyers Sales
ranged SO and 59s partially due TO sympathy
with the other lavortes and partially TO the old story
revamped, OF some Kind Of agreement with the rival
Atlantic and Pacific concern 10y which the compei
ton In rates would practically DO done away WITH
Less intcres, was manifested in the coal stocks there
being very little lett spare from those above re-
fcrred to- So nearly this true that the
meeting Of coal magnatcs nearly
looked. The meeting took place. neverthe-
less, according agreement, which 1t appears
was the only agreement TO, It having adjourned
without hitting upon any favorable Of action,
but noping great things from the committee which Is
to report tomorrow II was hardly TO be expected
that mud could BIO stirred up on the STOCK Ex-
change without jay Gould coming 10 the surface
somewhere as the biz tadpolc IN the puddle Among
the last of this afternoons rumors that by some
hocus pocus he has obtained control OF the Panama
line II has long been well known that he has aimed
nj this possession O most desirable auxiliary and
safeguard TO the Union Pacific road ana II the report
be made OF anything less than whole cloth then will
simply be offered additional security upon which
he may exercise his destructive capabilities.
THE SALES TODAY
The sales active stocks to-day aggregated 2593OS
Shares which distributed as follows:-New York
Central IS 00o Harlem, 22o Erie, 73O; do. preferred
100: Lake Shore, 81 sss; Wabash 100; Northwestern
BOO; do. preferred, $780, Rock Island, 5000; Fort
Wayne, 340 Milwaukee and St Paul, 1900; do prefcr-
red 200; Delaware Lackawanna and Western, AZ 600;
New Jersey Central, 140; Delaware ana Hudson Canal,
t075 Morris and Essex, 1870; Michigan Central 4,3l0;
Illinois Central 1850; Union Pacific, 4oo Chicago Bur-
lngton and Quincy. 1000; Hannibal and ST. Joseph,
500; OHIO and Mississippi, 1900 Panama, 1,545 west
crn Union 81 300; Atlantic and Pacific Telegraph, 80;
Pacific Mail, Is, 1855; Quicksilver, 100; do preferred
100; Adams Express $50; United States Express $40;
American Merchants Union Express, l05
OPENING, HIGHEST AND LOWEST.
The following table shows The opening, highest and