The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-03-27
FINANCIAL AND COMMERCIAL.
The Events Of the Week in Stock
and Trade Circles.
GOLD AND PAPER MONEY
The Movements of the Bond Markets-ExpOrts
and lmpOrts-French Finances
Miscellaneous News
WALL STRICT,

SUNDAY, March 70, 1876
Tho sIdes of Marchn have been destructive TO
Stock Exchange hopes as they were TO the liic OF
Cesar Confident bulls and their credulous following
have been deaf the warnings OF the soothsayer as
expressed in tho continuance OF financial Distress de-
pressed trade and general want OF confidence The
Ides OF March years back under the influence of
kind of superstitious belief have been supposed 10
mark the epoch OF the great annual spring RISE and
once again the public journals have repeated the idea
and chantcd pnans TO the rising OF a restored
prosperity.
Already, however. there strains of mournfui
pervadng their songs for Il is being discovered
that there are no outsiders on the street'-a theme
which 0nenbach would fail to set TO lively air
or course there CONSIDERS" o. out OF the
street, and have been for two years past
deathbed conversion better than ALL aud
congratulate contemporary that has at last been
brought ~ grace though have urged this fact per-
sstently for the last four months As It requires more
than swallow TO make summer. so II needs moro
than halt score of professional stock gamblers TO
make a market But this is what Is attempted
and failure follows, Of course The magnates OF the
street may be hkoned TO huge sponge and the small
dealers to the waters of Pactous, which day by day
less rich in gold day by day they remorse-
lessly sapped up The wonder that the aurierous
sands last SO long they nearly OUT
like those of the old physician. The complaint of
desrth of business is universal among strictly COM
mission brokers, the only exception being In
the case OF the lucky lew who favored
by the handful of leading operators. The fact
OF the market being thus easily aud completely
controlled together with the certainty that neither
Information judgment is in the least to be depended
upon basis OF action, when stocks played with
like loaded dice and with the further fact that there Is
no surplus of gamble WITH have deferred tho
public from venturing on 'Change
All sorts of lodges resorted to to ure the gentle
falcon homo again. but the bird has been In the trap
before and will have none Of 1t.
Particularly have the increased earnings which the
railroads are weekly publishing and tho promised
gories OF the Centennial show been advanced
predictions OF better state OF things Unfortunately
there exist people who doubt both these nattering
propositions. At the first blush II would APP
pear that increased earnings by the railroads
should necessarily reflect in the general
commerce Of the country. 1t is, however, by
sequitur. The railroad returns show In almost every
instance the net earnings in comparison with those Of
the same period last year. We have comparative
statement OF gross earnings in dollars aud cents OF
freight transported In pounds tons II there is
advance those then 1t may be argued that the
business of the country is looking up; II not, not
Tho net receipts should show larger than last year,
or things are worse than supposed. Except
easonal Instances the gain arises from the dminuon
OF expenses rather than from increase in traffic Rail-
road labor has decreased from one.quarter
to one-half per cent; supplies of every kind
iron, wood, oil, &c-are lower than they
have been for many years, and the midness
Of the winter has secured unparalleled immunity
from accidents and expenses that grow Of the pres
ence of the Ice and snow While the roads which are
earning money make a rather pretentious show OF
their results others which not doing SO well
as mum oyster.
Both classes, however, actively struggling TO
chsel each other of their business break faith
aud cut under with cool insensibty TO the merits OF
DleuH ct ttum worthy OF Jeremy Diddlcr Robert
Macaire But the grand cure-alI for financial woes
~ TO be found in Philadelphia Tho great eleemosy-
nary Institution known as the Centennial Exhibition,
having ramped through the length and breadth OF the
land, hat in hand picking up coppers and having OBJ
tanned what IL could from penny gafs circuses and
fancy fairs, only requires half million more or SO
from Congress TO get well It's legs and start in bus
ness the great exponent OF spontaneous American
patriotism
What Il is going to do next Is not so clear. II may
be that the population OF Europe Is coming in
body; il may be that second hand show in a country
they have scarcely heard Of VIII present grcaer atrac
tons than the hrst class exhibitions they refused
TO visit, though right under their very noses;
II mny be that the population of the United States
will join the population OF the rest OF the world
Philadelphia, but it may chance that will fail
TO get away from home, for the wolf at the door,
while others may esteem broad brimmed hospitality
dear al Ave dollars per diem We trust that the rail
road earnings may be a reliable sign of financial
lescence, aud hope the Centennial rostrum Will
purge away the rest of our financial ills. We arc no
unbelever, like the disciple, but We doubt
THE SALES WEEK.
Compared with the transactions OF the preceding
oofsh o las cho a ar dac in
business The total number OF shares sold Amounted
10 little more than 200 shares OF which Lake shore
is represented by 2l4 600 Eric by l9i OO0 Pacific Mail
by $1,000 Western Union by 10 900, ST. Paul. common
aud preferred, by $4,000. and Michigan Central by
$1,000
HIGH-sr AND LOWEST PRICES or WEEK
The following table shows the extreme fluctuations