The New York herald., 1876-03-17
Stocks Irregular---A Sharp Speculation
in Western Union.
GOLD STEADY AT ia 1-2.
Money on Call at 2 1-2
Per Cent.
Government Bonds and Invest
ment Securities Firm.
WALL STREET,
NJ

Fifty years ago, when the writer was in his teens
ind could throw fly in trout stream with the best
Of his fellows when he dipped into old Isaac Walton
or wrinkle fishing, and blind to the poetry and
philosophy which rippes through the "Contemplative
Mans Recreation 4" he unconscious that he would
later years discover parallel in the stock market
f to-day. Old Isaac cast for trout in the Thames.
lay Gould bats for gudgeons in the street The former
had refined appreciation for delicate fish; the latter
pot hunter and estimates his success by the stand
quantity rather than OF quality. In fact it mat
s not whether tho catch be made by smell or snare,
/. is all fish that comes to his net.
The trout having opened to-day 1t was fitting
that Piscaor should be in the market with bob and
tinker II was equally fitting that Gould, whom
nohody reproaches with being n square man, should
appear a man of angles. SO, early in the day the
counterfeit insect fabricated Of feathers and floss was
offered the bulls (who notoriousy unlucky in fly
hme) with the result OF capturing a strong and ad-
vancing market, the bears, who growled
responsive to a weak and declining one.
To dismiss figure the market has been swung up and
down by Gould and his satellites, probably TO the
gathering in of profit on his own account and with
corresponding loss to small dealers generally
Pacific Mail first used spirit up the market by
sending quotations quickly from 23A "a and next in
play came Western Union which was moved from 6S to
i9H. The formidable short interest created the
allure OF the Bank of the State Of New York afforded
excellent opportunity for sharp and sudden whir,
and consequently, higher standard for fresh short
Iales we'll market for long stock acquired during
Ihe semi-panic of two days ago.
Gould was wide awake to seize upon the opportun-
ny the short WASTED bears forced to their
contracts, and sanguine bulls, who look upon the
.cnnial year as only one degree removed from the
ninonnium readily swallowed all stocks that Of
slop. noul had fhuo oil tla
gudgcons that nbbling about his hook he
changed his bait and dropped his line in the troubled
waters of a declining market.
Western Union fell back at the close to 6S and Pacific
Mail to 22A which one per cent lower than the
starting point; St. Paul. preferred, to S13, per
cent the bad and other stocks in variable proper
ton. The strength of the morning had suffered dis
Astrous collapse, and there balm in Gilcad.
There difficulty lending stocks to-day, tho
rates per of and per cent being readily
paid to borrowers for accommodation until
Toward three o'clock however, money grew cheaper,
and loans made at 3 aud per cent
The bank sensation has scarcely caused moro than
ripple upon Wall street waters, and already their
lace has again become placid This is probably owing
the fact that the work OF reconstruction has fallen
no capable hands, and the incompetcnts OF the former
management have received their tickets-oflcave New
directors and old in solemn conclave to-day but
1t close OF business nothing definite to q future
ausc OF operations had been made public.
As the postscript Of a woman's letter contains the
pth OF the epistlc, attention may be here drawn to
Mr. Goulds prime favorite Union Pacific, which on
sales OF 200 shares advanced from &C to OK, and
.ha sale Of 100 more dropped to G5%
'Here's richness you, said Mr.. Squcers, CRITICS.
ing the milk jug.
THE SALES
aggregated 27 shares which distributed among
active stocks as follows:-New York Central Hud
Ion $50; Erie, 81 2OC Lake Shore 81 400; Northwest
srn, 21Oo; do. preferred 400; Rock Island, SoO Pa
rinc Mail 80 600; St Paul. 1000; do preferred $780,
0hios. 1900; Western Union, 77,4OO; Wabash, 2OO
Union Pacific, $50; c. C. and l. c., 800; Michigan Gen.
mal 1000; Missouri Pacific 1900.
OPENING HIGHEST LOWEST PRICES.
The following table shows the opening highest and
nft thn dov.