The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-02
The Stock Market Less Active and
Fairly Steady.
GOLD 100 IA A 1o5 7-s...
Government and Railroad Bonds
Lower.
MONEY ON CALL EASY AT 2 PER CENT
WALL STREET., |
FRIDAY. June 1-6 +. N. I

Spurs to speculation this morning wcro tho reverse
of formidable. and scarcely excited movement be-
yond the joglrot fluctuations Of one per cent mar
ket These such as they wore, were derived from the
various put forth 10 the position OF the
ast train" question and the probabilities Of strike
by the employees OF the Pennsylvania Railroad TO
keep things lively reports both pro and con followed
each other quick succession-fast trains were to be
taken off, and they wsre not to DO taken OFF, there
TO be q STRIKE and there not to be strife
so between this state OF affirmation and denial ths
market driven up and down as though II were
ball and the brokers many speculative polo players
Plausible to tho effect that tho reduction Of 10
per cent OF wages by tho Pennsylvania com.
pany would be resisted by the persons IN
their employ drove down tho price Of the
stock In the Philadelphia MARKET TO 2SA, while Lake
Shore and Central and Hudson were advanced In our
market 10 the Of noary per cent under
the impression that suspension OF traffic over Mr.
Scotts line would correspondingy benefit the Wander
bilt roads, 1t would do more; for, IN case Of In
terrupton au,sius would probably be given, for the
time being, 10 that exasperating "fast train' which u
trying tho souls ol railroad managers All these cacu
lat,ons, however, camc 10 naught later " the day,
when It was understood that the Brotherhood OF En-.
gneers soitoned perhaps by those iraternai prnc'-
pies which distinguish the City OF Brotherly Love,
would undoubtedly accept the reduced pay and the
situation. Hopes Of q row beng thus rendered
slim, and there Dcing nothing In particular
TO bull them on. Central and Hudson and Lake
Shore fell back severally from COX 10 90 and
from 80 TO Ask and closed at the latter figures.
Illinois Central WAS again exceptionally weak,
dropping on from 81 TO 5lH, thus correcting the
anomaly presented last night OF the stock beng1uoted
nearly point higher In London than IN Now York.
Speculation being diverted tho railroads, Western
Union aud Pacific Mail were greatly neglected, and
conssq uently presented but feeble fluctuations The
coal shares were more active working within fuctua
tons single point and bare Of any outside interest
rather apocryphal story comes TO the effect that
Mr. Gowen has entirely succeeded in the financial
matters which took HIM abroad. This is supposed to
point to entire freedom OF action on the part Of she
Reading company, an opposition to all combinations
and marketing OF coal for ready money to the oxtent
Of the production OF the mines The outlook Is not
very cheerful one to other coal carriers under any
circumstances and Is likely TO be rendered still mort
gloomy II this story Of practical opposition on TN
part OF the Reading company should 10 be fact
THE BALES TO-DAY.
The sales Of active stocks to-day aggregated 124 22
shares which were distributed rs follows:-Ncw Yorl
Central IT, l00 Erie 70O Lake Shore, So 0o0 Wabash.
500; North western, 200; do, preferred, 1900; Rock
Island TO- 600; Milwaukee and st. Paul, 500: do pre-
ierred, $500; Delaware, Lackawanna and Western,
S. SOO New Jersey Central, 2dS; Delaware and Hudson
Canal 6l0O; Morris and Essex, 2,340, Michigan Gem
trail. $500; Illinois Central, 200; Hannibal and 81
Joseph, 20O Ohio and Mississippi, 40: Western
Union, aoos. Pasao MAIL 400
oPsxixo HIGHEST AND LOWEST.
The following table shows the opening, highest ant