The New York herald., 1876-03-02
FINANCIAL AND COMMERCIAL.
The Stock Market Feverish
and Declining.
GOLD III 1-S A 114 Ia.
Money Easy at and Per Cent on Call
Popularity Of Government Bonds
Railroad Bonds Firm.
WALL STREET,

An We intimated In to-day's ISSUE bulls have
browsed in sackcoth and ashes, as the Lenten fast
seemed to require Nor did their garments bear the
artistic cut OF Pool or the chick" Of swell New York
artist, but rather Of the sop sloppy In word
the drop in the favorites left shirt TO their
back, and Buffers "Nothing to wear' was for once
less poetic than II possible that bovines as
rule do not get themselves up full suits OF gunny
bagging; may be doubted whether the lilies of
the field more gorgeous than Solomon in his
kngly-we make metaphorcal statement and call
upon Darwin Tor theoretical reply
Al least one thing Is certain: there plenty Of
bull beef IN the market to-day at merely nominal
prices And this is the way 1t came about
Business opened with sales OF Western Union Lake
Shore and Pacific Mail at nights figures and for
time there was something Of a gain in prices; but
sudden demonstration against the latter stock
versed the confident feeling and general decline took
place
Pacific Mail stock Is as unlucky as its ships, and
is constantly getting into unfortunate scrape
other 1t Jared usual to-day, for after having
worked its way up 29K the 'Alpha" OF its risc
1t next foil TO 254 It's "0mega, although, alphabet!
cally speaking, it closed say at Omicron," which, TO
Illustrate may be considered Greek for 26x OF course
there all sorts of given out for this dsas-
rous fall and the "Committee Canards' despatched
many hallnedged bird OF Ill omen from its with
he tidngs under its wing.
In plain language the reports and concerning
'acinc Mail were about as folows:-
1t was stated that the notes of the company would
20 to protest today that receiver would Immediately
be applied tor that Gould had gotten his long
stock at from 80 to 35, and short Of It. and
that the Panama opposition oregone conclusion
While all but the last may be looked upon some
what problematical assured that the
to the new opposition line has assumed the position Of
fixed fact and that the South Carolina the
pioneer vessel Of the "Panama Transit Company" will
sail tomorrow by way of Cape Horn to Panama and
San Francisco vessel TO follow will be despatched
proper time to reach Aspinwall the South Carolina
reaches Panama. and with the transfer of cargoes
The railway, Will commence in reality the line and
consummaton of the long threatened opposition.
In consideration OF all these "dolelu Dumps and
with the addition OF Jay Gould lowering, vuure-lke,
over the market what wonder that Pacific Mail should
show itself weak OF its fleet OF vesselsS
The power which showed its authority in Pacific
Mail was prominent in Western Union with the result
of selling the shares down from 7o4 to CO. although
the pressure was slightly removed at the end.
AT time things looked blue enough and might
have become "deeply, darkly' had the Twenty.
third street party come to the rescue THIS clique,
the supreme moment feeling that charity covers a
multitude Of SINS and knowing that the seizure OF
opportune moment is the time to multitude of
stocks, rushed to with purchasing power
that checked the downward impulse for to-day least
Lake Shore, though comparatively active, only part
cpated vcariousy in the exciting performances its
bigger brothers.
Erie kept stiG upper lip and hardly departed from
1sx standard quotaton-a 6rmness 1t is said, due
TO some wild idea of funding past due coupons and
paying OF its debt without the outlay OF single
Board members applicants for this patent right
suitable to their condition.
The granger stocks still hold their own stubborny
though the influence OF courts and Vanceis bills is
among things of the past How long they will continue
10 do under the bear pressure of the rest of the
market is doubtful aud holders uneasy.
There was infant school held in Wabash with fair
attendance, and the class in arithmetic able TO
deal in the-well, security--at figures ranging from
e3 to 81 per share.
report of the rest of the market will bc continued
next
The transactions on the Stock Exchange to-day
aggregated 2l6 900 shares.
OF ACTIVE
new York Central and HUDSON, 1050; Erie s25;
Lake Shore 80 $50; E;leveland ana Pttsburg 400;
Northwestern, 5000; do. preferred. 1SOO Rock Island
GOO; Pacific MAIL 63 $50; ST. Paul. 90o0 do preferred
2s00; ohios, II, lOo Western Union, 90 l60; Wabash
$500; Union Pacific, 400; c.. c. and l. c., 500; Con.
solidation Coal, 900; Michigan Central, OO0
OPENING, HIGHEST PRICES
The following table shows the opening highest and