The New York herald., 1870-05-14
FINANCIAL and COMMERCIAL.

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FRIDAY. May 1876 p. M.
The reaction after the excitement Of Thursday the
calm after the storm, rendered
THE STOCK MARKET DULL AND IRREGULAR
to-day and prices, while nuctuating frequently,
moved within narrow limits. As on the day after
battle there is general comparison Of notes, the
discovery has been made that while the original
sortie on Wednesday on Ohio and Missssippi-the
preliminary skrmish to the battle OF Thursday-
was the effort OF "constltutionap' "bear'
TO get stock against the ''calls' which
he had previously sold. serious quarrel
took place between two rival pools in the stock,
who, In fear on the ono side and bravado on the
other, began to sell until tho market became so
weak they were compelled to toss all they had
upon the street. The larger pool commenced buying
back Oh Thursday evening, but the smaller party
are wholly out OF the stock. they now freely ad
nit. The report being denied that the Baltimore
and Ohio company intend leasing the Ohio and
Mississippi tho clique assert that the latter road
earned nearly SOC, 900 more last month as compared
with the corresponding period OF 1869, and that
upon this foundation they put the stock up to its
recent high figures. Moreover, they claim tnat the
sincerity Of their operations Is reflected in the fact
that despite the fact OF sales Thursday equivalent
10 nearly the capital stock of the company the price
fell only about four per cent and that to0 after
had gone up about thirteen per cent. They further
anticlDate that with o proportonate Improvement
in the earnings OF the road they will be
able TO pay dividend on the common
stock. Such are the arguments OF the operators
who have engineered the remarkable movement
In This stock. The public at liberty of course to
coincide or disagree with them. The feature to-day
was Reading, which advanced to 1O4H, walking up
steadily as did through all the confusion concern.
ing other shares. The Vanderbilt shares were
an
TO s3%. The general market was dull and feverish.
Despite all the telegrams from Washington nothing
new has been done this week with either the Fund
ing or Currency bill The report concerning the
latter with which stocks were attacked on Thursday
was areash of old news sent the wires for effect
upon the market. The following were the closing
prices at the last session OF the Stock Exchange:
Canton, 72ls 73; Cumberland, 40 bid CONSOLIDATE
cd Coal, 25; Western Union, 3oX bid; Quicksilver,
10; Marposa, 81 OK; do preferred 18; do. GER
tilcatcs, 40 bid; Pacific Mail, 40A Az; Boston
Water Power, IS a 10; Adams Express, 90 oeA;
Wes-Fargo Express, 1411 bid; do. scrip, s a So;
American Express, AZ; United States Express, 451
45zs; Merchants Union Express on bid; New
York Central consolidated 1ooss 1ooys; do. scrip,
96S a 81; Harlem, 145,a LAG; Erle 2SH q 2SH;
do. preferred, so; Reading 1857 104; Illinois
Central, 141 bid; Cleveland ana Pittsburg,
1868 bid; Chicago and Northwestern, sOT
81; do. preferred, 91H DIX; Ceve-
land, Columbus and Cincinnati, 10 o go;
Rock Island, 1872; Milwaukee and st. Paul, 81 e7I;
do. preferred, Blk s2 Toledo and Wabash,
56M 81; dc. preferred. "A bid; Fort Wayne, 9AK
OAK Alton and Terre Haute, ss,s 81; do preferred,
63 a o.; Ohio and Mississippi, S7N a SO; Delaware
and Lackawanna, 100 111h; New Jersey Central,
1oSal 100; Chicago and Alton, 113X 116; do. pre-
ferrcd, l14X ll6; Morris and Essex 90 02X;
Hannibal and st. Joseph, ITO 1924; do. preferred,
1lo a Ill; Iron Mountain, 457s bid; Dubuque and
Sioux City, 1o5; Boston, Hartford and Erie, 5A 8;
Columbus, Chicago and Indiana Central, IS q 1s2@.
The highest and lowest prices to.day were as fol-
lOws