The New York herald., 1875-12-05
FINANCIAL and COMMERCIAL.
Stocks Heavy and With
out Feature.
GOLD RECEDES FROM lll3-4 TO III 3S.
Money on Call A and 5 Per Cent-Rag Cur
rency S7.42-The Bank Statement.
WALL STREET.

SATURDAY Dec 4--6 Pm.
Whom the astute Roman suggested that ''Inter armG
Gient Leges was truism which would be accepted by
tontendng hosts he probably little thought Of its APP
hcaon to the Stock Exchange in the year OF our Lord
ls75 AS almost all board members classical
Jcholars tits with great dltdence that we suggest
lree rendering tho phrase tollows-"In absence
bf points 20 II on your own hook Business to-day
whatever there was Of it) transacted upon this
basis and prices swayed to and fro with little
Deason for the rise and fall As we remarked yester-
lay opening tho best Of the day, has
been the history of affairs for time past After
ward there not so keen appreciation OF values
and concessions made in proportion as sellers
outnumbered buyers. The loss Of than 81 oOo 900
In the bank boost to the bears for the
moments but the bulls rallied and by vigorous onset
drove their opponents from the field and to higher
prices. ..r . m.
In the good old days-when spectators based their
transactions upon critical study OF the worth or
@orthlessness Of prominent securites when stocks
were bought or sold because an analysis Of a COM
pany's statement or a knowledge Of company 8
hfairs warranted their sale purcnase when, in
word dealer in stocks acted upon his judgment and
Information and not upon mere street points-there
was presented fair and open game, game where the
knowing ones held the cards aud took the tricks as
Ehey were fairly entitled to do Nowadays good points
and reliable information will ruin any Be he
30 we'll assured that stock 20 up that increased
earnings valuable franchise and an insured future
prosperity fully purchase the buyer in the
end is moro than likely to discover that his we'll
grounded knowledge has been merely "springe to
catch woodcocksy" and that despite all his nforma-
lion, Mr.. Gould other street magnate has
Elected to think and act the contrary, and by sheer
force OF money and terrorism
At the present writing viscera instead OF mind ap-
pears 10 control the stock market 1t is not question
TO whether this that corporation is losing max
Ing money but whether Com mmodore Vanderbilt or Jay
Gould is In out OF sorts The first named gentleman
had cold in his the other day and New York Cen
tral declined Mr.. Gould had fantng ft in a street
Ear yesterday remark the fitness of thngsl and Union
Pacific falls of some three per cent Has 1t come to
Ibis that every Wall street broker must walk the hos
pitfalls and be able to diagnose the symptoms Of his
principal before he take order or can he risk
1t the oidfashoned plan OF consulting the health of
the stock before the health Of the speculatorP
There is little TO be said about the vagaries Of the
market except that Lake Shore invited the most at
tenton opening at 5sss hung about this point until
late In the day, when good buyers appeared and
shifted 1t to 59s. 1t will not be ndelicate to intimate
10 those who are anxious for point that the name OF
one of them be evolved from the following line
"Nc sator ultra crepidana"
Union Pacific was alternately weak and strong, Mr..
'Goulds hygienic condition was reported better or
worse; prices pulsated did the artery under the
touch Of the medical man. opening strong at 7ss de-
clinng to rex, it ultimately closed 77H Decidedly
Mr.. Gould Is one per cent better. May he live long
and prosper
Western Union opened at 755. 75k, and after de-
cline to 75k, closed at 751 This stock sustained
BY the 'sure point that the January dividend would
mot be reduced below per cent Pacific Mail started
of steady at Ak a Az, but very declined
10 4o7s, subsequently, raIying to 4oA, with anal
close at the lowest price OF the day, to wit, 4o3s
The excitement in Michigan Central appears to
have died out with the closing up Of the short in
tcrsst which occurred yesterday. The sales to-day
have been at elk 6O1l ael54. Erie sold at 1e9s
l6k 16A 1eH. Northwestern iifeess at
30 q S9k a 80 a sszS, while the preferred
resurrected with sales at Ss1S SAX under the
favorable report OF earnings for month October
St. Paul dead at 35s s53s Ss and the preferred
advanced from 65x to 663I. Ohio and Mississippi
started OF at Tx, and after selling IL closed 17
Atlantic and Pacific Telegraph strong the
ported extension OF its wires the Baltimore
Ohio Railroad and its connections at 1917 2OH. Tho
remainder of the list furnished no feature for com.
ment
THE BALES TODAY
amounted to 127, 100 shares which distributed
among active securities follows-New York Central
and Hudson, $40; Erie, $500; Lake Shore, 5s,4ooi
Cleveland and Pittsburg, 200; Northwestern 500; do
preferred, 1000; Rock Island 400 Pacific MAIL 20 800;
ST. Paul. 1900; do preferred, 1850; ohios 1900;
Western Union, 1oso0; Wabash, 1,23O; Union Pacific
$50; Atlantic and Pacific Telegraph 3,so5; Michigan
Central, 4, ZOO
OPENING HIGHEST AND LOWEST PRICES