The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-20

FINANCIAL and COMMERCIAL
The Stock Market Active
and Higher.
Continued Weakness in the Coal
Stocks.
GOLD 1O6 rs A 1O6 ga.
THE BANK STATEMENT.
GOLD 1O6 rs A 1o6 ga.
THE BANK STATEMENT.
Government and Railroad Bonds Strong
Money on Call Easy at ! 1-2
a 2 l-2 Per Cent.


SATURDAY. May 1916 N.
The features or to-day's market were as much like
those Of the preceding ones as one photograph 10
like another from the same negative. II cannot be
clamed that they very attractive or promising
features either expressing they did little than
a dull stupid, but passably strong market. The di.
vcrgence the coal and railroad stocks noted yester
day continued to-day, aud most brokers would be
pleased to see 1t continue until groat gulf fixed
between them until tho anthracite iances
switched or their own siding Tor good and ALL Ia
advance the market with their dead weight hanging to
it Is as difficult push overadcn train up heavy
grade, and the many attempts already made In this
direction have been Ruthless. THIS morning
the two classes OF stocks referred to
worked quite independently OF zach other, tho coal
shares remaining weak and 1dgety, while the rail-
ronds-particularly the Western nes-were strong at
improving prices. Mr.. Gowen, Of the Reading Com.
pnny is the drbiter pertns OF tho coal combin alton,
and holding tho veto power far the action look
ing to suspension Of mining goes, romans as dumb
oyster least has made no public sign OF his
decision. II Is rumorcd this afternoon that the Pha-
delpha Office is In possession OF his Views, and that
thcy VIII not be mado known here until Monday;
meanwhile they are speculaed upon as bcing uniavor.
able TO the "plan" recommended at the coal meeting,
and are likely be So the reverse as the success
OF tho financial matters which called him abroad will
require. The trunk line roads ana the so.called
granger properties advanced and worc generally
strong throughout the day, though there wai
some yielding from the bcst quotations Al
the close. All changes however, at the
present moment arc meaningless. they due
solely TO the artificial twists ana turns OF brokers'
market ana simply traps for that unwary contin.
gent which, as the story Of tho spider and the fly,
has frequent invitations to tho brokers' parlor" but
enters seldom therin. Western Union, holding sort
of nondescrpt position between tho two classes OF
stocks referred to, appears, for want Of companion.
ship to have joined fortunes with tho coal carriers,
at least It's comparative weakness as shown to-day
and It's lower price ut the close would point that way.
Other stocks were In the main irregular, but mani.
tested considerable strength and that too without the
aid OF any stories or rumors manufactured 70 that
end
SALES TODAY
Tho sales OF active to-day aggregated 207 600
shares, of which the principal were:-Chicago and
North western, 5,70O Chicago and Northwestern pre-.
ferred 135O0 Chicago Rock Island and Pacific, % 500;
Delaware. Lackawanna and Western, 90 000 Delaware
and Hudson Canal. b600 Lake Shore, %, o0o Michigan
Central, 80, 400; Milwaukee and st. Paul preferred,
2s, 100; Now York Central, $500; Western Union Telc
graph, IL, 100.
OPENING, HIGHEST AND LOWEST.
r,tiowipg IN hIc snows tho onennr highest and