The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-13
GOLD 1O7 IA A 1O7 is
The Coal Stocks Still Very
Weak.
THE BANK STATEMENT
Money on Call Easy at 2 &
2 l-2 Per Cent.
WALL STREET,

SATURDAY. May 12--6 7. NJ
saturday, By q sort OF tacit consent is regarded by
stock spectators the "set,llng day of the week.
Not TO the pcremptory extent which obtains bic
monthly, under the same phrase, upon the London
Stock Exchange, where hopes fears, weighed for
fortnight IN the balance, conc out kicking the beam
found wanting, the may be, but general
gathering together OF the ravelled ends OF speculation
and tying them up over the intruding holiday II
may be safely said that nne-er;hs of tho small opera.
tors Sunday with All evil eye-not with regard 10
its character (for brokers VIGOROUSLY
charged with Christian sraces) but because they have
lively rocolectons OF the great New YORK Central dvi.
dend aud the Boston fire, beth oil which, occurring
upon that day, have lett their mark, for better or
worse, to tho present tmc Imbucd with
this suporsitoIs feeling, the great army OF
scapcrs" arc prone to close up all outstanding
contracts before the close OF business Saturday,
leaving them full liberty to pray for favorable pros
poets in their prisons sunday Since the business
Tor the last three days has been pretty much
LETT to this INDUSTRIOUS but npccun ous, faction OF tho
stock Exchange the OF prices has had but t'lc
significance. The seekers after eiahhs and quarters
have cleaned the dcld or speculation with all the
ardor that Ruth exhibited IN following the footsteps
OF oaz, but their labor, tar as 1t 10 significant OF
good crop bad crop in tho uture-that is TO say.
Of higher prices or lower Ones Tor speculative stocks
is worthless as criterion. Much OF to-day's bust
ness grew out Of these uncertain sources The
master hands remained deep in tho pockets OF then
proprictors, and seldom Withdrawn to direct
the course OF speculation. Accordingly prcca
swaycd to and fro gentle and restrc.
two manner that gave excitement to the stock
telegrapher than II did to the stock operator. In
moderate sort OF way both bulls and bears had their
innings this morning, the market going down and up
and and up again. The coal stocks we're at the
head OF both rise and fall, and to great OK
tent influenced the rest OF the market Tho Intention
manifested the part Of these companies TO cut loose
from oil previous proclamations Of prices aud sell to
tho bidder the daily market may afford, has not
only depressed the value of stocks but has led to fear
that the engagement between the companies to take
place the lst OF Juno may prove dead letter This
impression has for day or two past acted No drn.
upon quotations, see exhibited in the lower ns-
urcs obtained, while at the Same timo renewed bear-
ish feeling has grown up which has fostered resh
and vigorous exhibit oil short sales. After midday tho
whole list led by the coal stocks improved cons'ct-
ably. Lake Snorc and Central and Hudson and Ohios
being particularly strong, but the advance was not
sustained, and before the end relapse took place
which closed tho market rather weak and fcvcrsh
orEsiNG, HIGHEST ASp LOWEST
The following table shows the opening, highest aud