The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-23
THE STOCK MARKET

AOSS III ZO3S 775
THE STOCK MARKET
has no feature OF interest. 1t ia uneuutvocallv
dun, and 1t may be here remarked that only out of
condition of the most extreme dulness
could such an impudent fraud be cooked
and practised as was that OF last
week. The condition of activity In the
market would seem to induce q corresponding de.
gree OF watchiul sharpness in the mind OF the
operator that renders the practice OF imposition
more dangerous In such times than when the In
tellect is of guard as 1t were, reposing in that
placid state OF Indifference to the accidents OF lie
which simply means there is not interest enough
in the market or money in 1t for any event within
the ordinary range Of human forecast to produce
excitement. 1t was thus the forgery Of last week
had its influence. Every newspaper man Will
understand how impossible the uttering of such
barefaced false token would have been with any
city editor IN New York. Let him limit mis- sur.
prise, however, that 1t was successfully uttered
upon the Stock Exchange. where larger knowl-
edge OF the immediate subject would be expected
than even from the average city editor, in learning
that so great was the prevailing dulness that the
possibility Of anything occurring to create ANNA
ton was 80 lar removed from the thought OF the
governing committee that 1t was virtually
CAUGHT MAPPING.
In this condition of feeling on the street 1t Is not
surprising that the holiday on Monday should pro-
woke q strict observance. This is q good sign.
Sentiment has its market value as well as every
thing else. The fact that we are beginning to Gull
tivate 1t shows two things in financial sense.
The first is that we can afford it, That is that our
national life has grown to such proportions that 1t
does not call Tor persistent uninterrupted struggle
to support 1t. We have time to take a holiday
without suffering too much loss. This evidences
something further. Holidays may be said to be
investment days. Thus from the working days OF
the year we accumulate sufficient to enable US to
purchase day Of rest occasionally. These, SO far
as the primal cause operates, are dies non 1t is
so much emancipation. We have too few such dies
non in this country, but We are growing up to
them. In other words
WE ARE GETTING TO BE ABLE TO AFFORD IT,
as they can in the older countries, where the
tastes are perhaps better regulated or controlled
than ours, or surrounding nature does not chal-
lenge so much effort. These thoughts are addressed
to the increasing recognition Of the fact that the
procession Of the centuries Is not after all very
varied exhibition. Rome wasl 80 was Palmyra.
Nneveh and Babylon are only words to us. But
we inherit their glories so far as these we're ca
pablo of transmission, and human nature remains
the same. All of which means that the New York
Stock Exchange adjourned over Monday, out OF
respect to the memory OF George Washington, and
the street generally will initiate its example, there
not being sufficient temptation in the market 10
induce opposition.
closed Saturday night to per cent to the street
on collateral and to 7 on best commercial dis
counts Foreign exchange was steady on the ba-
sis Of Asa to 4.s4h. The Sub-Treasury last week
paid out in gold $4,000 in redemption OF the
principal OF the public debt and $685. 900 gold in
terest The customs receipts in gold Saturday
were Sass, OOO and for the week $2,774.9O5 Gold
was frmer ut the close of the week. but there is
not enough in the market az the present time to
furnish special interest.
The following were the closing
PRICES OF STOCKS.
AS there will be no Board Monday these as well
as the prices Of governments are worth reproduc-
ton to measure of current values western
Union Telegraph, 762l 76X; Panama, 115h a
116A; Delaware, Lackawanna and Western. 1119s
NIX; O., c., Z. and l., so SO; Pacific Mail, 42I
a 427s New York Central, 1O47S 1O5 Erie, 4sx
4S%; Harlem 1924 1885, Boston, Hartford and
Erie, 21s Lake Shore, s24 a s27s; Union Pa
cidc s47s So; Chicago and Northwestern, 5s7s
591.; Chicago and Northwestern preferred, 75k
75s; New Jersey Central 1O7 1O7H; Chicago and
Rock Island, 1914 1919; Milwaukee and st. Paul,
46s. 46al; Milwaukee and st. Paul, preferred,
1914 733l; Toledo and wabash, SIX a Six; Ohio
and Mississippi, 3S14 sS3s; Hannibal and st.
Joseph 80 327s; Hannibal and st. Joseph, pre-
ferred 391s a Al; c., Q. and L. g., 31I a 3l7s.
PRICES OF GOVERNMENTS.
United States skies, 1881. coupon, 1903 q 1919;
do. fvetwentles, coupon, 1862 lis 1857; do do,
1854, 100: do. do, 1865, 1907 12lh; do do,
do, 1866, new, 119H 119A; do. do, do, 1867,
1201 1907; United States skies, fve.twenty
coupon, 1885, 1917 1905; do tcn-forty do, 116
1864; new aves, 1143s 1l45a; Pacific SKIES 1l61.
o 1863.