The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-29
GOLD lO7 A lO7 is A 1O7 A tO6 rs.
THE BANK STATEMENT.
Government Bonds Steady-Rail-
roads Generally Higher.
Money on Call Easy at g 1-2
8 Per Cent.


SATURDAY, Aprl 2c---o 4. M
Tho opening OF the board this morning awaited
with good deal Of anxiety. tho announcement OF the
suspension OF Messrs T. n. Robinson u Co. having
immediately preceded tho close OF business TO leave
everything doubt what the effect upon prices
ing TO be- 1t followed that the entire army OF
spectators passed the night IN state OF supreme sus
pensc, not knowing whether they were infantry or
cavalry--afoot ahorseback. The doubt was not
tircly dissipated until amer midday, when the market
fairly took the BIT In Its teeth and gaoped out OF the
reach OF bears and their influences Previous to this,
however, in early dealings the market showed consld.
cradle sensitiveness and irreguarity, the nclina-
ton being 1rst downward, thcn upward,
and thereafter tor an hour Two in y
state or s.qu!vcr'' that would not have dis
graccd first class aspen loaf This state OF uncer
tanty principally accustomed by the closing up
ssunder the rulc, OF the outstanding contracts with
the suspended 1rm. Orders SELL well as orders
to buy, were handed up 70 tho chairman, Messrs.
Robinson Co. having ingenious!y managed to get
upon both sides OF tho market at the tne thus
exhibiting the counterfeit presc mcn Of that patriotic,
but usually prohtess, bird known IN the street as
..spread eagle" This process Of liquidation extended
the buying and selling OF some 10000 shares, OF
which nearly 1000 were Delaware and Lackawanna
ana 1000 Lake Shore the remainder being spread
over the other active stocks OF the list. The
above amount, however. probably represents
more one-quarter OF the contracts outstanding,
the bulk OF them being settled quietly IN the open
market. Tho effect nevertheless, Tor,
taking the shape, as II did, Of purchases 10 cover
shorts the market naturally improved under tho de-
mand. It helped the party Of progress also In their
work OF advancing prices while the joint influence be-
ing brought bear threatening enough or persua-
sive enough convert even tho ''bow window bears,
and set them long of tho market Su another ee-
ment with its increase OF So 900 900 legal tenders,
S. 900 deposits and It's decrease OF Sl.7500o0 in
oans an exhibit which reflects the return Of currency
to this centre, ana at the same tnc promises eusy
money for the future Tho stocks chiefly benefited
today were tho coal carriers Western Union, Lake
Shore, Rock Island Central and Hudson and Illinois
Central the improvement ranging from to per
cent.
This is satisfactory enough for day. II would be-
still more SO could detect signs OF permanency
in tho movement Unhappily exhibits all
tho traits OF purely bodybuilding venture founded
upon an unduy oversold market and favored at tho
moment by exraneous IL Is as absurd 10 sup.
pose that we arc going to take a sudden plunge into
prosperity as imagine that all stock Exchange
properties wero empty shells No well founded improve
ment can be than slow one and its basis must
be restored confidence and tho presence OF public
wiling to buy and pay for such securities as are
cssed to DO cheap and desirable So far there Is but
slight evidence Of tho existence Of either.
TIKI SALES TODAY
The sales Of active stocks aggregated 26S shares.
which were distributed as follows:-New York Gen.
tra, 24,s47; Harlem 200; Erie, 300; Lake Shore,
Al Wabash 200 Northwestern $50; do. preferred,
s 600: Rock Island. %, 45o; Fort Wayne 361 Mwau-
kce and ST. Paul, 1000; do. preferred 1885, Della
ware, Lackawanna ana Western, 1923; New Jersey
Central 20O Delaware and Hudson Canal, $780, Norris
aud Essex 1907 Michigan Central, $500; Illinois Gen.
trail, a,9l7; Union Pacific, 1000; Hannibal and ST.
Joseph preferred, 200; Panama, 200; Western Union.
65 $780, Pacific Mail 4,450
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and