The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-16
The Stock Market Dull and
Steady.
GOLD 100 ga A 100 rs.
Government Bonds Firm, States Dull and
Railroads Quiet.
MONEY ON CALL EASY AT 8 IL A 4PER CENT.
WALL STREET, |
WEDNESDAY, May 1876 r. NJ. {


The strong company OF railway managers have again
made their appearance at Chicago in the time-worn
farce of "Raisng the Rates." and upon the success
OF this performance an effort made to-day to
establish better prices for the unK lines, especially
Tor Lake Shore. There has been, however, SO much
OF this plccgng and pighting and swearing OF foaty
during tho last year little donc except TO break
the compac.s before the ink was dry that the whole
matter rs regarded as a ridiculous sham, having no
weight with either the public or with spectators.
Tho treaty understood pledge the trunk roads
past Of Chicago not 10 carry grain 70 tidewater at
loss than twenty cents por 100 pounds An effort was
made to tx tho charges at twenty-five cents, which
failed, II being probably surmised that advance OF
ton cents upon prevailing prices would be 100 mucn
OF strain upon the iaithkeepipe capabilities OF tho
contracting parties. SO the effect upon the railroad
market was. nil tar as advancing prices went and
OF little effect generally, except 10 impart TO them
certain degree of Hrmness Lake Shore continued 10
DO the most animated stock on the list under the
manipulat,ons Of the bobtali pools Judging by the
steadiness of the price. which movers about 62s,
great amount OF terror has yet boon struck into the
bosoms OF the shorts and oppor,u-
nifty offered the bulls TO accomplish tho
iooked-ior "turn." The Michigan Central books
closed for tho election this afternoon, much u
per cont being paid for OF the stock for purposes
Of transfer The Norhwesterns duh but strong;
hopes entertained that dividend will DO declared
at the meeting OF directors tomorrow, and Mr. Gould.
by way Of cuitivating confidence (which
plant OF slow 2rowthh sprnkiing tho market with
'puts" at 30. AS referred TO in this column some
time back, determined effort Is beng made 10
tho present Board Of Pacific Mail directors the
nual meeting TO BIO held on the Goth May and proxies
arc being asked for in that interest by Mr.. Henry
Hart, q large stockholder. Whatever may be the
merits or dement's OF tho controversy, Is not likely
that matters would suffer much through n radical
change OF management With the exception OF Wa
bash, which at tho end OF the day dropped suddenly
from II to 13L--it surmiscd under some legal
proceedings adverse to tho company-thc rest OF the
list remained fairly steady hut excessively duh, and
under these conditions finished up the days bust.
ness
PRICES.
The opening prices at the Board today wore Iol-
ows:-Go.d, loo,1; Western Union, sl5s; Lake Shore,
62s Michigan Central, 671; Rock Island. lO6s@ DEL
aware, Lackawanna and Western. SAX; Delaware and
Hudson, IS; Kansas Pacific. ~; ST. Paul, 81; do.
preferred, 75X; Northwest, 5o,S do preferred, ny
Pacific Mani, 2oH; Erie, l2l4 oh'os, 81; Wabash II;
Union Pac,Gc, 69h; Ohio preferred II; Hannibal and
81. Joseph, l2A; do do. preferred, 20; Pittsburg,
Jls; Ontario Mining Company, 357t; st. LOUIS N,
~.