The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-02
FINANCIAL and COMMERCIAL,
The Stock Market Feverish
end Lower.
GOLD HEAVY AT ll3 So Abba
Money ON Call Loans and Per Cent-Invest-
ment Securities Barely Steady-Gov-
eminent Bonds Easier-For-
eign Exchange Quiet


WALL STREET, l
SATURDAY. April l-6 p NJ
Even were the di1icuty OF gender removed, stock
brokers can scarcely be looked upon Peris stock
exchange doors As 'sgates OF Eden, yet the former
hung about the portals to-day "disconsoate" tho
fairy IN Tom Moores poem There reason, too for
this detection il the finishing up Of unpron
able week. and the advent Of Saturday night sacred
sweethears and wives) with purse too slim 10 fur
nsh cadeaus for tho former or keep the pot boiling
for the latter
Lake Shore and tho St Paul stock received the
larger share OF attention. but II was by means COM
pmentary them in the light or valuable securities
since figures grew "small by degrees and beaut-
fully less" the hours passed. and quotations the
end were tho lowest Of the day There appeared
to be no special for this decline that an
artificial rise was followed by q natural fall Prices
had been marked up by rigging the market; the know
ing had quietly shifted their load TO the Johnny
Greens OF the street, who intoxicated with Centeu-
NAL promises and shares which are as unmarketable
as a drove Of white elephants
The absence Of Gould from the market not only
dimnishes dealings in his own fancies, but reflects
unfavorably upon tho entire list There Is howl as
his presence and growl at his Absence and the board
like venerable dame with pct malady while II CON-
PLAINS Of the affection, is loath to part with il.
Apart from general reasons Lake Shore Is weak on
the prospect Of change in direction Although thu
record OF Commodore Vanderbilt shows that in rail-
road management he takes as naturally to water
mkman 70 pump yet his reputation for integrity
and general clcverness bcgets feeling OF confidence
that Is invaluable 70 any corporation over which he
may be called to preside and the possibility OF his
firing from the management OF Lake Shore is viewed
BY permanent stockholders with apprehension.
II there are reasons for Lake Shore to sell down,
there for tho st. Paul stock to sell uphat
" IL credencc be given TO the reports that both
kinds Of tho stocks TO be treated TO 81 per cent
dividend In August Whether from the
have written above whether Il has been discovered
that tho payment Of dividends In bonds is SIMPLY
matter OF getting the company further into debt is
evident that tho OF ST. Paul shares in tho
direction OF lower figures.
Erie hung about 1915 the entire day, and in tho
absence OF the Teutonic element the third rail-
and coupon funding points were as blunt a. sprop.
ertyr brosdsword.
The same apathy characterized Western Union, which
present Is Ion to its devices; stili the anxious
bench tine shape OF Atlantic and Pacific continues
exist part OF the buildings furniture, and
stability depends in great measure the chances Of the
next dividend A reference to quotations tells tho
story OF the Of tho share list which is one Of
figures and nothing
THg sALEs TODAY
The transactions AZ the Stock Exchange to-day ag-
gregaed ll6 900 shares which distributed among
the most active stocks follows New York Central
and Hudson, 600; Erie, 10000; Lake Shore. 4e 200;
Northwestern, 5000; Rock Island 100; Pacific Mail,
s,4oo; ST. Paul. 1880; do preferred 5000; Ohios.
5000; Western Union, TO- 600; G., c and c., 1,2ooi
Hannibal and 81 Joseph, 700; do. preferred, 1000,
Michigan Central. 200; Missouri Pacific, 1900
OPENING, HIGHEST AND LOWEST PRioEs
The following table shows the opening, highest and
los. NJ In d.v