The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-05
An Active Stock Market and Higher Prices
a Change in the Speculative Tide.
Money on Call 2 Per Cent Government Bonds
Strong and In Request-Railroad Bonds
Steady-Investmen Shares Irregular
Decline in Illinois Central
WALL STREET.


The little Jack Horners Of the Stock Exchange, who
Sere short OF the Market having read in tho morning
Journals tho evil tidings concerning Commodore Van
derbt assembled in force to-day, each with his thumb
ready pull the plum Of profit out OF the panicky pie
OF speculation But the stock market is as nconstan
as the moon-as tricky heather Chinee and an
expert converter Of cake into dough al unsupported
moments. SO much proved this morning, when
expectant bears reckoned without their host A semi
panic al least upon the cards. with an opportunity
to create a whole view Of the markets chronic
weakness and the growing audacity Of the bears Z.
Quite the opposite occurred At the opening there
was an inclination downward (the report of Mr. Van
derbts death being at that time belevedl which was
chiefly marked by decline Of New York Central from
1o6k 10 10414. Shortly afterward, when It became
known that the veteran had rallied, the market fol-
lowed suit, and figures in most of the spcculations
improving for the rest Of tho day. This cpl
sode has settled fact pretty cdedlynamey that
the demise Of the great railroad king Ear as
Its effect upon the stock market goes, has been
completely discounted, and tho apprehension which
ut time hung over like pail has been brushed
away forever. The black eyes of the coal stock are
sti disgracefully apparent and at the commencement
OF business there strong inclination toward an
other downward serge; but the improvement in the
rest the list checked tho fall and set them rather
shakily upon their legs again.
Western Union, DO it due to Gould or California, was
chrpy a cricket, and rose per cent trans
actions of some 90, 900 shares Brokers still
scratching their heads the mystery OF the move
ment but them brokers often scratch their heads for
reasons less important, physical ard financial
There at one time drop of nearly one point in
Rock Island. based upon an uneasy feeling concerning
Mr. Tracys health and the shadow Of the cloud under
which all the Western stocks are resting. Raying,
however, with its ncighbors and under tho support of
the Broad street party, whose puts Enormously
tcmpated) tho market at los, 1t was closed at
the opening and best quotation OF the day.
AS usual Lake Shore proved the favorte, both ip
animation and in extent Of dealings, the clique making
q vigorous and successful demonstration which moved
the price upward from SIX say and held there
adjournment
The extremes of ssh and 4o,s marked tho huctua-
lions In Michigan Central which was as eccentric In Its
movements Dom Pedro.
Tho Granger stocks wore content to ebb and flow
with the tide which was floating the market, and
though the decrease in tho st. Paul earnings (Which
proved quite apprehe nded) posted
in black and white the sting had been taken out Of the
report by the usual discount process and par
tcuar desire evnced deal either side Of the
account.
Tho drowning bulls. who have long been clutching
Ut for plea advance prices succeeded
in securing to-day in the shape of bill which the
Banking and Currency Committee have agreed to re-
port repeating the Specie Resumption act Basng
their efforts this they enabled to produce a
turn in the market which quitc marked In view
Of the unchanged condition OF things it most likely
10 result In nothing than passing CLEAN Of light
flash of the wilo- he-Wisp order, brilliant and do
ceptive.
THE SALES TO-DAY.
The transactions OF tho Stock Exchange to-day aggre
gated las, 500 shares-New York Central and Hudson
E,loO Erie, 400; Lake Shore IS, 900; Northwestern
1900; Northwestern preferred, 100; Rock Island,
1880; Pacific Nail, 1s0o St Paul, 400; ST. Paul
preferred 5000; 0hios, 1900; Western Union, 19, 400
Wabash, 200; Union Pacific, 200; Michigan Central,
n, 700; Delaware Lackawanna and Western, IA, COO;
New Jersey Central, $780, Illinois Central, 1900.
OPENING, HIGHEST AND LOWEST PRICES.