The New York herald., 1875-11-12
WALL STREET NOTES.

rather brisk days business yesterday followed the
comparative inactivity OF Wednesday, when practical
jokes were abundant than commissions, and
King Momus regned, vice Jay Gould, for the moment
retired
As usual business hours were marked by alterations
OF dulness and activity the shepherd king OF the
street thought nt to make them dull or active, and
brokers' neeces we're shorn usual.
The Stock Exchange has vocabulary OF It's own,
which, II not entirely classic is at least expressive IL
conveys meaning the fraternity clear as does the
Gr9ot to thieves Many good people who think that
should remembered their prayers doubt
deem that fash language is quite as appropriate
10 the robbers OF finance to the light-hngered
fraternity. Good people, however, occasionally
wrong and stock brokers not thievesalways. The
yesterday was characterized by several sharp
and spasmodic upward spurts designated in brokers'
parlance soda water and whiskey rises The soda
usually takes place early in the day, and is
the legitimate offspring Of sitting up with friend the
night before. Il is, however, evanescent In its quail
ty It's implies and its duration brief and un
certain Shrewd operators always sell stocks short
on soda water rise, with good results
The whiskey rise sets in about midday by which
time brokers shave taken something" II has COM
paratvey more permanency and is more likely TO hold
Neighborlng purveyors OF refreshments are always in
tcrested in this sort Of and ready dispensers
OF "Dutch courage' TO operators Under these In
Centive6 there Was considerable animation IN kucn
fancies Union Pacific, Ohio and Mississippi and
Pacific Mail The first named advanced nearly five
points from 90 a. under the careful dry nursing OF
Mr. Gould's brokers and the quietly circulated point
that the Supreme Court at Washington had rendered
opinion in favor of the company by vote of to 2
The bait swallowed with avidity and the price
marked up with little addition to the holdings OF Mr
Gould.
Why the price should advance at all just now with
the impending decision hanging over the head OF the
company like the sword OF Damoces, is mystery 70
many
and there unbeeyers in the value OF the stock who
do hesitate say that the verdict will be against
the company and that great will be the fall thereof
II this be accepted fact Mr. Gouds evident policy
must be to thmblerg the price TO as high point as
possible. and so give good leeway when the break
AS Mr. Gould holds majority of the stock,
and likely to from want Of buyers, he can mark 1t
up TO suit his fancy without acquiring much more and
then calmly await the judicial fat
Ohio and Mississippi advanced about one per cent,
and then hung fire at a fractional decline There is
some why this stock should advance for the
road has paid its interest promptly the price Is nearly
its lowest point and the fostering of the Balti
more and Ohio Railroad will be OF advantage to it.
Besides, Montreal always comes in to take 1t of the
brokers' hands when 1t has reached the eliminating
point
Lake Shore was dull scarcely moving half per cent
the young operator hardly venturng to give even gn
twist during the entire day. and no lunch was served at
Delmonico's.
Whatever business was transacted yesterday was
confined TO the traders for eights. Commission men,
of real outside interests found the
day stale fiat and Improbable
Canine cannibalism in the nature OF dog eat dog Ia
performance which has marked Stock Exchange life for
many months past), was still the order OF the day.
Peter paid Paul. aud tomorrow Paul will be expected TO
do the handsome thing TO Peter.
Jackets are snapped from hour to hour, and the
prospect is unless there be for the better
shortly there will not be rag left to brokers back
How far this s attributable TO the condition of the
times and how far to Mr.. Gould the iconoclast Of
Stock Exchange property is subject which it is pro-
posed to ventilate at a future opportunity.