The New York herald., 1876-02-25
FINANCIAL and COMMERCIAL.
Stocks Moderately ActiVe---The Bears
Still at Work.
GOLD ia A 113 3-4.
Government and Railway Bonds Firm-In-
vestment Securities Trife Lower
Money and Per Cent.
WALL STREET,

r
The armorial bearings of the British Empire ex-
hibed quartered shield with the imperial insignia AZ
crest and the lion and the unicorn supporters
There is childish ballad which describes these two
animals, real and mythical lighting for the crown
This contest has gone for long time, yet neither
beast appears have got the better OF the other udg
ing from the fact that the royal hatchments, official
seals and the signs of licensed purveyors the above
animals still rise rampant and defiant
The bull and bear parties have been fighting for the
to-day with the stock market the arena and
the the contest has brought little satsac
tion as has that OF the beasts aforementioned Jay
Gould has been both lion and unicorn; or in terms
which will express clearly, both bull and bear
The feeling of depression which was so clearly evil
dent the close yesterday practically manifested
at the opening to-day, when the entire market
forced for SALE with consequent concession in prcesl
This bear spasm was not, however, lasting one for
before an hour had passed the market tending
The other way, which il continued to do until the close
We have stated that Gould was to all appearances
both bull and bear in to.days operations and this
duality Of form shown in the record of transac
,tions
Western Union, as for some days past has been the
barometer which operators have studied guide to
their general operations This morning it exhibited
decided inclination change record from threat-
day. and the general list like ships in gale scudde
dnto safe harbor fast possible. However, 1t
turned out to be nothing but white squall after all,
being but brief and when the skies cleared the fortunes
OF the market cleared also
1t was this juncture that Mr.. Gould appeared upon
the scene, and by his purchases and consequent sup
port OF Western Union, re-establIshed rmer feeling
throughout the market. The only inconsistency was
in the erratic OF Pacific MAIL which for time
counter to the OF the list and pressed for
sale by Goud's brokers in the face of otherwise
strong market
AT the close, however, the fancy showed better
hgures by and half per cent than had at one
time been made, and closed the best price of the
day.
1t is somewhat difficult problem to solve the
course of the stock market but it is reasonable to
suppose that the entire matter in the hands OF the
diminutve despot Of Forty-seventh street.
The decline in Western Union from S0H TO II has
offered an attractive opportunity to shorts,
which Gould has ayaled himself Of and moderate
spurt upward will present fresh opportunities for
tablshing another short line at higher figures which
he will also doubtless avail himself Of
AS has been for months past the business Of stock
speculation is still confined professional gamblers,
and all the talk the Centennial year and the
viva OF general prosperity has failed attract the
public within the walls OF the Stock Exchange
"'Tis true and pity tits tits true but Jay Gould and
Others OF his kidney the prosperity the adversely
of stock speculation and prices of securities good
bad or indifferent these worthless may vote them to
be-
TO-DAY.
The transactions on the Stock Exchange to-day ag-
gregated 1885, 500 shares which fol-
iows:-New York Central and Hudson, 1850; Erie,
5000; Lake Shore 47,loo Cleveland and Ptsburg,
400; Eorthwestern o2oo; do. preferred, 4ooo Rock
Island, 1000; Pacific Mail 42,775; St. Paul. 1850;
do. preferred, 600; ohos, 5,1oO; Western Union,
$4,000; Wabash, 900; Union Pacific, 200; Missouri
Pacific, 145O; Atlantic and Pacific Telegraph 2,1e5.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and