The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-03-26
The Stock Market Still Unsettled and Some Of
the fanrleS Lower
THE BANK STATEMENT.
Money and Per Cent on Call-GOvernments
and Investment Securities Quiet
Foreign Exchange Steady.
GOLD DECLINED FROM Ia IS TO Ia
WALL STREET,

SATURDAY March 25--6 p. NJ.
In the good old times, when Swans hunted Tor the
philosophers stone alchemsts essayed the transmu-
alton of base metal INTO virgin gold and the astrooger
EAST horoscope which should predict either good or
,vil fortune such day this, with It's conjunction
OF duness, downpour and eclipse wonid. nave lore
shadowcd great events II members OF the Board as
modern soothsayers have drawn auguries from nnan-
cai facts as exhibited the OF business to-day
tho evidence shows them TO be unavorable There IS
something amss with the stars the planets are hostile,
or some one OF the "tweive houses" may be 'to let
Whether the influence be celestial mundane, one
thing is sure there is something wrong with the mar
ket And this early exhibited IN the perturpa-
tons of Lake Shore which, however. manifested them
selves nearly altogether one way, and that IN the
direction OF lower prices Opening at 63lz ii faded
away gradually, like person In decline, though ex-
hbtng occasional spells OF conyaescence and closing
npat6iA This was dong about as badly as IL could
do under the circumstances OF moderate transactions
and absence OF any bear attack, and only be ac
counted for BY tho reports of further reduction IN
rates for freight between Chicago and New York and
the dependency of the bulls who find their hopes of
great spring rise day by day more and moro Elusive
Erie divided with Lake Shore the attention OF specu
atcr and sympathizng with each other on the idea,
probably. that misery loves company fell of fraction
~ fraction with its companion. There seemed 10 be
as little cause for the weakness in Erie there
that Of Lake shore; for the turn and turn about
principle. to-day should have been the occasion
Tor revival of the third rail story vice the coupon
laid over until next week; but the situation
was lef unchanged and operators were disappointed
accordingly. From ak 10 20A, which were the
Alpha and Omega OF fluctuations, tho stock seemed TO
drop weight from such pressure as a
waning belief in the cock bull stories OF the week
lent assistance TO-
Michigan Central was the third and only remaining
railroad security that attracted any public attention.
It's condition but little better than its brethren,
icclinng it did from 6376, The highest point, TO
va at the close II completed the triad Of the
happy family. The Twenty third party full
II venom as regards this stock, and their fearful
representations as to its future fate should make
every hair a bulls ''stand end like quilts
upon the iretfu porcupne"
Western Union scarcely budged from 6S and bore
itself as calmly through the day though there
no Atlantic and Pacific rival liz existence and Fate
with threatening shears to cut down any
Pacific Mail, as a OF amphibious and maritime
fraud naturally despsed wind and weather and
not scared by the of the elements which ragged
without, tho railroad fancies Consequently 1t
not only held its own bravely, but even at time
advanced TO 2l6, or ss per cent above it's opening
price Ultimately IL felt tho depression OF the OF
the MARKET and finished fraction better than had
commenced.
The remainder Of the list featureless, and to
commission brokers the class of business the fin sh
10 an unsatisfactory week
aggregated las 600 shares which were divided among
active stocks as ollows- Pacific Mail, 5000; ST. Paul,
1900; do. preferred, 1000; ohios. l.6OO; Western
Union, $50; Wabash, 200; Union Pacific 625; C., G.
and l. c.. 2,iOO Michigan Central, 1895; Missouri
Pacific Goo
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
lowest prices Of the day -