The New York herald., 1876-02-04
FINANCIAL AND COMMERCIAL.
The Stock Market DepreSsed-Pacifis Mail,
Western Union and Lake
Shore Under Fire.
GOLD ADY AT 113.
Money on Call Loans A Per Cent-FOreign
Exchange Quiet-Goyernmen Strong
and Active-Railroad Bonds Firm
WALL STREET,

THURSDAY feU. 30 r. NJ.
Il will be conceded that Pope as poet was 4 heavy
swell in his line, and his may possibly consider
Il an impertinencs for money writer TO borrow
his famous Alexandrine line descriptive of to-days
stock doings. We nevertheless take the risk OF the
soecism and quote the market as generally feverish
and feeble and that il,
Like wounded snake, drags its slow length along.
There was general give way in prices in to-days
transactions Which is altogether keeping with
the colored reports industriously spread Of
the good time coming, based upon revving business
and increased railroad gains There IS
secret feeling that the recent hop, skip
and jump in the popular fancies may have
been due much to manipulation TO real set in
OF prosperity 1t is discovered that the share list is
weakest when 1t looks strongest and that, after ALL
the divinity which shapes stockobbng ends is Mumbo
Jumbo Gould As we have repeatedly remarked--eav-
ing investment stocks out of the quesonthe market
for ancies strictly confined TO the four walls Of the
Stock Exchange Nobody knows this better than
Mumbo Jumbo, and, taking advantage OF the Centen.
nal hurrah he has gotten up hue and cry which at
tracted crowd Of followers does the camor OF stop
thefl" excite the oiterers Of the street. Verify these
latter gentry have captured the culprit, and be he
known under the name OF Lake Shore Western
Union Pacific Mail, the speculative public have got
him, and got him badly
been swinging around the circle of the stock list,
laundering like Jupiter Tonans first here and then
there with the hope OF attracting worshppers to his
shrine. AS market was made 1t was furnished with
stock and is than probable that these blind be-
levers in sudden prosperity have been filed chock
full of shares which may before relief comes, prove
indgestible meal
The market as a whole closed from one-haf to one
per cent lower than the opening although later trans
actions were an Improvement the worst prices
OF the day. There rumors circulating
OF value enough TO influence the market,
and the decline seemed the fact that the
Interest great extent covered, and that the
bull cques had spilled out their holdings their
creduous friends
IfMr. Gould has really been able to market his long
stocks to the extent that the street gives him credit
for it docs not seem likely that shall have turn
for the better for some little time to come IT. how
ever, the manipulation has been for the purpose OF
enticing larger short and OF buying back
long at cheaper prices any day may witness
whlr upward Outsiders with hankering after stock
gambling, will readily from these views what a
sure and certain chance they have in taking hand
THE SALES TO-DAY.
The transactions on the Stock Exchange to-day az
gregated 15l 600 shares which divided among ac-
tive stocks forows:-New York Central and Hudson,
$50; Erie, 2,43o; Lake Shore, 10000; Cleveland and
Pittsburg SOS; Northwestern, o. 900; do. preferred
Paul $50; do preferred, 1900; ohios 81 3Oo West
ern Union, 1880; Wabash, l,4oo; Union Pacific 45o
c., G. and l. c., 300; Michigan Central, 100
OPENING HIGHEST LOWEST PRICES.
The following table shows tho opening, highest and