The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-07
The Stock Market Quiet and
Steadier.
Government Stocks Firm and Railroad Bonds
Dull and Irregular.
Money 4 B 2 1-2 Per Cent
on Call.
WALL STREET,


FRIDAY, April 6-6P n.
Figurativey speaking, the lights were turned down
on the Stock Exchange to-day, and bulls and hears,
who had been In the OF the last few days.
remained at tho wings waiting the ringing up OF the
curtain upon now act or what material this new
act Is to be constructed nobody seems know. All
The old points and situations relating to coal and trunk
line combinations have been played out and just now
there docs not to be chance for "gag,"
unless It be found In the telegraph competition.
Judging by the days fluctuations in Western Union
shere Is not much store be laid on this, the
price declining, as did, from 5sI to 57, and closing
there. II will probably nN be disputed that tho
peated cutting Of rates by the Atlantic and
Pacific Company has deeper meaning than
any generous desire confer the blessings OF cheap
tecgraphy upon the public. Gould has been too
long fishing in the troubled waters OF the Stock Ex-
change to out fortutous tubs the purpose or
catching accidental whales He rather angles with
meaning and method bats his hook with the low
rates OF competition and stands ready to land the rival
line when bite comes good and strong This. OF
course is to take the shape OF proposals from the
Western Union Company for some sort OF consolida-
lion or treaty Of peace which will terminate tho
Ing competition and restore old rates Under the
belief that such a consummation was imminent con-
siderable strength has Tor day two past lieut.
10 the market price OF the older company and conf
dence still exists that sooner later sort OF
coalition will be brought about While it appears
highly probable that the contemplation OF such an
event Is tho incentive which induces Goulds attacks
upon the Western Union stock, as well as the
repeated cutting OF rates by the Atlantic and
Pacific Company, It by no means follows
hat success must necessarily grow out Of it.
TO mako the game worth the CANDLE or in other words
10 make the operation paying one, Gould has first
"a hin nil In 1on0 fchor
10 accumulate important amount OF roal stock
Neither operation is very easy OF performance. under
the popular faith which is reposed IN Western Union
% q security. without creating q sharp advance in
the price, and the knowing who tho reposi-
tories of Gould's secrets have far given no word
that the same has been already accomplished. The
coal and trunk limo matters having been settled for
day, not for oil time, spectators this morning found
themselves without hobbies 10 ride, and remained
In dismounted inactivity. TO the material loss OF dcal
lngs and absence Of interest Prices remained CON-
paratively steady for OF the day. and, though
submitting some reaction In the afternoon, may De
suoted firm and In view Of past events, sufficiently
/ satisfactory.
THE SALES TO-DAY.
The sales Of active stocks to-day aggregated $4,000
shares which wero distributed as follows:-Ncw York
Central, 1o,9a0; Erie, $3.50; Lake Shore $4,000;
Wabash 500; Northwestern, 200; do preferred 1900;
Rock Island, 500; do preferred 700 Pittsburg 800;
Delaware Lackawanna and estern 81, 900; Delaware
and Hudson Canal, 5000; Morris and Essex, $50;
Michigan Central, 2l,4O0; Illinois Central, 1900;
Union Pacific $50; Hannibal and St. Joseph, 100; do
preferred, 1907 ONO and Mississippi 500; Panama,
1907 Western Union, IS, $50; Atlantic and Pacific Tel.
graph, $40; Pacific Mail, 1900
= OPENING, HIGHEST AND LOWEST PRICES.
roe following table shows the opening, highest and