The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-05-30
FINANCIAL and COMMERCIAL.
An Active Stock Specu-
latiOn.
THE BEARS ONCE MORE RAMPANT.
Government Stocks Steady and Railroad
Bonds Quiet and Irregular.
GOLD LOG So A LOG ga A LOG SIS.
HE BEARS ONCE MORE RAMPANT.
GOLD LOG So A LOG ga A LOG SIS.
Money on Call Easy at Two
Per Cent.
WALL STREET, |


having used up the railroad fast train sensation for
The present spectators all agog this morning as
10 what would be the result OF the coal sales. They
got all the information they wanted little after
day, tho Pennsylvania Company having hold their
ton Of TO- 900 shares At eleven O'Clock and tho Della
ware and Lackawanna theirs Of $50, 900 shares at
noon. The result was very comforting to holders
Of the properties . comparison with the previous
sales shows average falling Off OF from forty hity
cents per ton. From all appearances Mr.. Gowen has
been abandoned impracticabe placer, moro
difficult to work satisfactorily than the coal
mines themselves. and hence . tact agree
ment 10 conduct business Independent
principles viii probably DO the upshot OF the
various attempts at consolidation. Undoubtedly
the OF the Reading Company Is directed to-
ward hurrying all the coal to market possible and
tho rival companies. by their sales to-day making
that market bad as bad be for all concerned.
The lower prices for coal quickly reflected In
cr prices for shares, the Delaware and Lackawanna
stock falling from 421 to 40 and Morris and Essex
following at its heels with equal decline. In spite
Of the affirmation made yesterday afternoon in respect
to the withdrawal OF the obnoxious last train, the
RAILROAD Market after the drst hour, became heavy
and lower. A fall OF II TO per cent marked the
tire list OF usually active stocks, while Chicago and
Alton fairly took tho bit In its teeth and made
extra plunge its account thus breaking
The quotation down from S2H TO IS, with
seller 90 options offered at a OF "a
per cent For some past the
bears have been shaking their heads DIS
paragng way, and giving won't TO hints and nnuen-
docs Of damaging character as regards this stock,
and to-day. tho announcement Of falling of in
earnings Of $4,000 for the third week in May they
bounced bodily upon it, with the result noted. About
$500 shares were bought and sold, half of
which, or Whereabouts, was upon sellers options
Nothing further being learned Of the reported OF
the Pacific Mail steamer, sufficient doubt existed 10
admit Of rather livcly speculation in the stock
tween the limits Of 2o1 and 1919, with final dealings
at 201. Western Union gwen the day
through, transactions summing up only 5000 shares,
and the price sticking tenaciousy to the close neigh
borhood Of SO. Tho close OF tho market showed
rather more hrmncss and slight recovery To. NOR
row being Decoration Day and close holiday, bulls
and bears will have thirty.sx hours and pom
der upon the situation. Should they succeed In
evolving anything out Of It more satisfactory than
has lately been the they will merit and receive
lhe thanks OF the speculative community.
THE SALES TODAY
The sales OF active stocks to-day aggregated 193 600
shares, which were distributed folows:-New York
Central IL s4S; Erie, 1000; Lake Shore. 81 ESQ., Wa
BASH 200; Northwe 300; do. preferred 1850;
Rock Island, $500; Milwaukee and ST. Paul. 1900; DO
preferred, TO- 900; Delaware, Lnckawanna and Western,
$780, New Jersey Central, 1850; Delaware and Hudson
Canal, 4,40o; Morris and Essex, $500; Michigan Gen.
lra 1460O Illinois Central 1885, c., q. and l. c. 300;
Hannibal and st. Joseph. 800; Ohio and Mississippi,
200; Western Union. 13, 500: Pacific Mail, II, $50
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest and
Ia.,