The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-29
FINANCIAL and COMMERCIAL.
The Stock Market Again Peycrish and Lower
The Bears Among the "Fancies."
INVESTMENT SECURITIES FIRMER
Gold 112 IS liz 3-4-Noney on Call Loam
1-2 and 4 Per Government and
Railway Bonds Steady Bogus Reporta
WALL srRuux ,
FRIDAY. April 20-o

Stock Exchange matters to-day have exhibited
state disorganizaiion and Of confusion cor
founded There were stocks that up and stocks
that went down. and the remainder halted between two
opinions-much like pack Of young hounds In cub
hunt that scatters, obvious to horn OF huntsman or
thong Of whipperin
Thus we have had the coal stocks rncing one way on
the Of higher prices. and the railways coursng
another in quest OF lower onos and Pacific Mail and the
investment shares (curious association with nose
for the trail ut all
The temper Of tho market was equally variablo-at
ono tire exhibiting q paroxysm OF great activity, a
another relapsng into entire cessation OF business
dropping last the rather rough horse play and
practical joking OF members.
The far degree OF steadiness which was shown a
tho opening gave way hour before under the
impress OF arrive made at Western Union and the
railways under the prctence that there panic ~
San Francisco in the mining spccaltics and that the
Stock Exchange of that city had been suddenly closed
Under this pressure Western Union broke from ask
10 IS and Lake Shore from 55s TO S. which moment
It suddenly occurred TO member who had head
for longitude and logarhms that the difference Of time
between this city and Frisco would hardly warrant
the stock brokers of the latter place yet out Of
bed. This being understood, tho engine reversed
and the rally as sharp and sudden as tho fall
1t had no staying qualities. however, for aner In
tcrregnum Of steadiness tho whole list weakened on
(and with the exception Of . dip downward which was
partially recovered FROM closed at nearly the
prices OF the day. Briefly the extremes Of Pacific Mail
were 10Y 2ox; OF Western Union, IS a esH. and Of
Lake Shore SAX 551s with the closing prices
the smaller figures than the larger ones.
Eric showed especial fcebicness rthe iron. which
I'm the shape Of third rail) IL had been taking
tonic, had lost its effect From other
cause likely attributable to the decline Of nearly
two points in London-the stock settled down hcrs
from 15ls TO 1874 although il finally closed at II bid.
lille the other railroads passabiy steady, North
experienced a sharp attack At the hands
OF the Twenty third party, who pressed down
to IS, II having sold In the morning At 3ok. The
amabe Broad street bulls who had shortly before been
lending their stock under pretcncc Of scarcity
closing of the books bonus Of lie for the Of L.
were caught mapping the unexpected onslaught but
made their appearance in the market In sucicnt Sea-
son to mark tho price up to 3sA at tho end
In contrast with the weakness OF the railroad wa
developed marked nrmness in tho so-callcd coal
stocks Delaware and Lackawanna advanced from
1857 to 11o1s subsequently reccdins to looX; Della
ware and Hudson remained nrm at about 1l4k, end
New Jersey Central advanced from e7s % bid The
close
This class Of stocks being to great degree held on
tho street by II becomes easily oversold and
shares Tor delivery not readily obtanable, hence
the reaction is sharp at the fall, some OF the
sellers short account have discovered o-day.
Beyond the California canard, which proved to be
fowl of "ancient and nshike smell, there were
no new tales Stock Exchange marines to wonder at
or act upon. The big nsh OF speculation were away,
swimming private waters, and the small fry were
left knock their heads against the sides Of the Stock
Exchange aquarium in q condition of muddls and un-
certainty.
THE SALES
Of active stocks distributed as follows:-New
York Central and Hudson, 12o Erie, s7,650; Lake
Shore So 70o Cleveland and Pttsburg 200; Northwest
ern $780, do preferred 100; Rock Island. 400 Pacific
Mall sOO St Paul. 400; do. preferred, 1900; ohos
1900; Western Union, 1850; Union Pacific, s5oS
Delaware, Lackawanna and Western, $780,
OPENING, HIGHEST AND LOWEST rRrcxs.
The following table shows the opening highest and