The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-17
THE COAL STOCKS STRONGER
Government Stocks Firm and
Railroad Bonds Irregular.
GOLD 1O7 A 1O7 is A 1O7.
Money on Call Easy at 2 a
9 1-2 Per Cent.
WALL STREET.

A WEDNESDAY, May lG-0 r M
There was rather more animation in the stock mar
ket morning and the sales list shows an increase
OF so 900 shares yesterdays business part OF
this was duo to fresh excitement IN Western union'
which proved to be exceptionally weak and sold down
nearly two points the best figures OF yesterday.
A day or two since the favorite OF the Market
the bulls e aaSse pretending to foresee sure pront IN
its purchase and the bears conIessng that II was
dangerous property to sell short This morning II
turned hat small beer, with considerable moro
caeerness to pour out long stock through the puns
than through the spgot AS reason Tor this sudden
chance base the report widely circulated that
the business of the company had seriously fallen on
and that the extension OF the Atlantic ana racine
lines New Orleans and other Southern CUES
would soon be an accomplished fact and a further
source OF opposition. It's little curious that TINS
Information should only have been obtained within
the last fory-eirht hours, when tho "talk has been
all the other way for the last month further cause
for the increase of the return to the
market of several large operators who did soma
lively skirmishing particularly in Lake Shore ana the
coal stocks, but changed sides 80 frequently, 10 all APP
pcarances that the most experienced scalpers iaed
make whether they were short or long-iriends
foes. In early dealings the anthractes were hea'y
and lower the action at the meeting being taken 10
toreshidow an abandonment OF the compact promised
MS 10 Mr. Governs consent to stop production
for month, suggested py the coal representa-
tives. In the afternoon, however, strong
rally set in which was started and kept going by
report that Mr. Gowen had cabled his appreciation
OF the project. ANY steps taken to limit production
and thereby in working of the superintendent
supply, with u consequent Improvement IN prices
TO be in accordance with commercial common
scnsc-a commodity which the managers OF these cor
poraions have not recently been much troubled wish
There remain, however, the domestic difficulties at
taching the closing OF mines the support OF miners
Of work, and, perhaps the need OF ready money,
which may prove embarrassing. further source Of
The carly depression, which should have been noted
above sprung from u rumor that hcPcnnsy vana Coal
Company had contracted with the Eric Railway for
The conveyance OF their coal lidewaer At rates
favorable that they would enabled to materially
der eli their competitors Whether such arrangements
tave been made u quite certain that the
Pennsylvania having stuck to It's legitimate business
and kept OF the mongrel condition o. the other CON-
panies is alone capable OF assuming an anaSonist.c
position and OF keeping H. The general railway list,
In sympathy with the coal shares, grew better toward
close and finished nearly up to the highest figures
the day.
THE SALES TODAY.
Tho sales or active stocks to-day aggregated 1888 lao
shares which were distributed as folows:-New York
Central 10 $50; Harlem, 30; Erie, 100; Lake Shore,
80 22j Northwestern, 100; Northwestern preferred,
LOO; Rock Island. COCO; Milwaukee and St. Paul,
100; Milwaukee and st. Paul preferred, 1000 Della
ware, Lackawanna and Western, $1,000; New Jersey
Central 200; Delaware ana HUDSON Canal, 0, 72z; Nor
ris and Essex, $780, Michigan Central 1925; Illinois
Central 500. g., Z. and l. c., 800; Hannibal and -.
Joseph 800; Hannibal and ST. Joseph preferred 1905
Ohio and Mississippi, 1900, Western union ~ 700;
Pacific Mail, 1900; American Merchants Union Ex-
press, 500,
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest and