The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-05
ON THE STREET.

SETTLING DOWN AFTER THE PANAMA AND
PACIFIC NAIL TRouBLE-coNFERENcE OF THE
COAL ROAD REPRESENTATIVES,.
Those whose wishes father to the thought that
o panic yesterday would follow the previous days
tumble in Panama and Pacific Mail must have been dis
appointed by the suddenness with which the persons
concerned announc ed readiness settle up
the damage caused by the crash To be sure, II IL not
certain that all Is over yet, but Mr. Trenor
". Park and Mr. John Pondir announce thcm-
selves equal to tho emergencies that confront them
or course, rumors flashed through the street eary IN
the day of impending disaster; but somehow the
threatened storm did time Other
operators were TO fail, and the fortunes Of The DAY
include in their profit and loss sheet sus-
pended bank two by Of spice for some expected
bull; but the operators concluded not to fail.
and the only bank failures were failures TO suspend
The Pacific Mail had the effect Of steadylng
the stock and tor some reason Panama did hutter
much The sales recorded amounted to l,545 shares,
the lowest price being 60 The BEARS failing 10 realize
on the anticipated trouble in consequence OF tho pre-.
vous days cv,ns, put forth other stories OF compi-
cations by which the street to BIO startled
These werebut 1t would not do to circulate these ru
just now.
Mr. Park, reply to inquiries about his relation 10
the Panama excitement, SAID II was sufficient Tor the
public know that he could meet ali his liabilities and
have q little lett fer himself
Mr. Pondr, the suspended broker OF the day before,
caused TACT announced tho stock Exchange
in the afternoon that he ready 10 meet all de-
mands and would do so to-day. This announcement
was warmly received
rHK COAL ROADS
The other topics which received most consideration
on Change were the meeting OF the representatives
OF the old coal combination and the freight conference
between Messrs. Scott, Garrett and Jewett As
partly expected the coal road representatives had
understanding Tor mutual protection Az the meet
ing there were present Messrs. Samuel Sloan, rep
rcsentlng Delaware, Lackawanna and Westerns George
A. Hoyt, the Pennsylvania Coal Company; Edward
W. Clark, Lchigh and Wkesbarre Coal Company;
other shippers Central Railroad of New Jcrsey F.
B. Gowep Philadelphia and Reading Railroad Com
pany; cx-Judge Asa Packer Lehigh Valley Coal Com
pauy G. b. I.iDdcrman, representing the other ship
pcrs on the Lehigh Valley Railroad, and Thomas Dick
son, Dcaw and Hudson. At tho meeting two prop
combine all the coal Office, that IT may be sold
by one This proposition was received with dis
favor
The second plan to restrict the Tonnage TO the
demands Of trade ThE plan will probably be adopted
ut to days meeting Again, the meeting decided Tor
cents q In other words the combination says TO
the public'lf permit coal to be mined as last as
IL may be- and do rot unite for the purpose OF pre-
venting large quantities from being thrown on the
market as they will without combination.
the price will go down still lover than
at present This we cannot afford, will agree TO
bring along only Just enough tor consumption and rs
we do not wish be hard consumers, we will agree
to raise tho price only nifty cents ton just now =
Tho combination. as IL seems desirous OF benz
already considered will probably decide upon plan
to-day. ~
Messrs Thomas A. Scott, Garrett and H. J. Jewott
met at tho Brevoort House, but their conference was
private.