The New York herald., 1875-11-28
FINANCIAL and COMMERCIAL.
A Partial Holiday in the Market
Stocks Steady.
GOLD ia 50 A ia Ia.
Government and Railway Bonds Firm-Money
on Call 3and Per Cent Rag Paper S7.33.
WALL STREET,
SATURDAY, Nov. 27-s 2. N

WALL STREET, /
SATURDAY Nov. 2T-3 7. NJ.
obedent TO the order Of the Governing Committee,
hhestock Exchange closed to-day at O'Clock, in
order to enable its members TO pay tribute to the mem
ory OF tho late vice President Wilson The total bus
ness OF So 900 shares therefore, represents only three
dfths OF an ordinary day.
In classic Latin, ''er nhiIo niha IT.; in liberal Eng
Iish as belts free country, 'you can't make silk
purse out OF sow's earn Hence the difficulty Of com
pling o money article half holiday basis par
ticulary when that holiday has been snguary barren
of news rumors
The swing OF prices was sway upward then
downward, then upward again, but at time was
the oscillation sufficiently marked to qualm to
the most delicate financial stomach At the end the
active got out OF their stocks holiday makers
get out Of the scup when the ste over and wended
their way homcward blithe sad as fortune wed
Touching Union Pacihc-not that would recon-
mend any to do so-there had been apparently an ap
peal to Mr. Gould to "sng that air again. y for the
old refrain about larky judges and favorable dec-
sion was chanted with the full strength Of the COM
pany. Tickets to tho entertainment distributed at
from 1914 TAN and the last sold brought the highest
price. Looked upon as gift concert the affair at
present may be deemed success for the promoters.
One of the characteristics Of the Stock Exchange is
the band of missionaries which pervades its has-a
such kindred associations OF the Church These
selfish beings having become short long of Ga hun
dred or two wander from stock group stock group
on the floor of the hall, procaiming in stentoran
tones the market prices OF such securities as they
imagine may, by decline advance, affect their in
terest These disnterested persons are unfortunately
not always clear as to the values OF figures, and
often get the bidding and Offering prices strangely
founded Nevertheless, they possibly have their uses
as have 1eas and mosquitoes, and cannot yet see
clearly into the general fitness of all created beings
When not quoting or misquoting prices our mission
aries the qi induce spectators to buy
sell, as they themselves have bought sold, urging
their views with the childlike and popu-
TAR refrain that if you act according to their
suggestions cit will do thee no harm,
We simply allude the above class sketch feature
Of the market not generally known to the public, and
to point out what lodges and expedents are resorted
TO In order to mpart animation to the almost eless
corpse of stock speculation IL is an axiom on the
street that the public deal in stocks but IN ono way
and that is by buying them for rise. Outsiders
seldom 60 "short of the market and cannot be made
10 comprehend how sell what he has not got
If
A rainbow at night
Is a sailors delight
It is equally true that bull market to commission
broker exhibits equal rdescent hues and he the
horizon Of finance for signs Of bright day coming
But he need go further than to consult the
barometer which is always before his eyes-thc
barometer of the money market The glass marking
"far," with the mercury rising, means
legitimate demand for money at per cent;
The glass marking 'fouln money going beg
yng at four per cent. ''Far" presages revival OF
.rade, healthy rise for money and dawnng pros
pery for the country at large 'Foul' points
pcion impaired confidence and dstrust Of the future
The broker thus reading the signs OF the times will be
slow believe that the hacyon days yet at hand
which are to invite him 10 the enjoyment of long
deferred success
The opening, intermediate and closing prices have
been as folows:-Western Union, 70 75%
GeA a 76H; Pacific Mail, 4oA 40x 4osS
Central and Hudson, 1865 1857; Erie, l6s
t6K a 164 Lake Shore 62h 90 621 62 a 62l&
Northwest 39K 39A 3914 a 39h preferred 81
IS san a 54I sb Paul. 3611 36% a 36x 364
s6x; preferred, 66sS a 81 66% 66%; Ohio and
Mississippi, 1879 Hannibal and st. Joseph, % 23k
e2k a % 22x 22x preferred 29a4 a. 20; Union Pa
Cac 73h 741z a "a IAN 74sS Pacific of Missouri,
I2Z 12h, and Michigan Central CAS- 64L. The
market closed irregular and feversh.
THE SALES TO-DAY.
The transactions the Stock Exchange to-day aggre
gated SO 800 shares, which divided among active
securities as toIlows:-New York Central and Hudson,
1876; Erie 1900; Lake Shore 1900; Cleveland and
Pittsburg, 100; Northwestern, $500; do, preferred
$500; Rock Island, 200; Pacific Mail, 1900; ST. Paul.
G2oo; do preferred, 1900; ohios 600; Western Unon
1900 Wabash, 20o Union Pacific, $500; c., c. and l.
e., 100.
OPENING HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and
lowest nrices O the day:-