The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-30
FINANCIAL and COMMERCIAL.
High Carnival Among the BearS-A Raid on
Several Fancy Stocks.
GOLD STEADY AT ll9 SIS A III 81.
Investment Securities Firm Railway and Gov
eminent Bon's Quiet Money on Call and
4 Per Cent-The Bank Statement.
WALL STREET.

y
Oh for Motley that could treat the and fail of
daily stock market he has done that OF the Dutch
Republic who could deneate its treasons, sratagems
and spoils its honest leaders and its rascay rings
There is as much material for history here, living and
close at hand among the dead records of the past
but the historian is wanting So there ia nothing left
but brief narrative OF business hours to be hastily
sketched by the money writer's pen.
The bears achieved ten strike Al tho very opening
for they bowled down the entire frame OF tho stock
list with tho very first ball did the bulls succeed
IN setting up the fallen pins until It nearly time TO
close the establishment They topped with great
unanimy, the railways being first to fall and the coal
stocks the last, but these upset finally by
the "dead wood" OF the rest OF the market Lake
shore got tho worst OF the battering, and
was effectively knocked into such a sort OF
cooked hat as was TO DO constructed out
OF a fall of from 544 to 52sa. There was
an evident scare on part of holders Of long stock
and for a time there existed saurc qta peat' pro-
pcnsty TO sell out atany cost, aprocecding which at
.ractcd the attention of the amabo Twenty third street
bears who kindly helped the process by oontribut
ing an additional line OF short sales
The same thing Is in great measure true OF Western
Union and Michigan Central Possessors OF these
stocks have for some time been holding on with no
greater grip than supposed to be afforded by ones
shares fall ikc-wcll, like wnking.
The Commodore even Is disappointment to the
bulls for he has whipped over practically to the bear
side by his warfare existing railroad tariffs and
bis liability 10 switch off into another sphere OF use
funoss where the music of steam whistles and driving
wheels is unknown. Apropos OF this subject. It is
stated that the several Western roads most severely
affected by the warfare approached tho Commodore yes
tcrday by letter with proposition and threat Tho
hrst well enough, but to be coerccd was png up
the agony, and OF this latter maady the Ancient Mari
ucr had suffered enough already the subject dis
missed with a rather forcibo intimation that they
might 60 their own ways. The import of the threat
cropped out to-day in reduction Of passenger rates
and promise OF further reduction in rates for East
bound freigh,s-
Michigan Central, sort OF Siamese adjunct to
Lake Shore suffered equally, II moro severely,
since 1t fell from 81 4 40 under the condi-
tons OF freshet OF long stock. though II struggled
up per cent at the close OF course the steady de-
cline OF the last few days largely Increased the short
interest and had the effect OF issuing 1t WERE just
10 many r. : V. T. cards TO attentive bulls, inviting
turn in the market Shortly before three O'Clock the
latter replied swi,h pleasure and in few minutes
the whole list whrlcd up nearly one per cent
This movement particularly to be remarked
in Northwestern common, at which a dead set
nal pcen maui ny tut pcaIs "ituVut cHcCt,
though the stock hammered on seller 60 options
mt three quarters per cent below the cash price Tho
fall vas however, stouly resisted by the Kennedy
party, who ultimately carried the prics up from 3Ss
10 1925 the finish, and even 10 Ala for street quo
tation las rumorcdl aitcr the board had closed
Taking the days business altogether IL active
one. though tho interest chiefly confined to the
stocks we have named.
THE SALES TO-DAY.
Tho transactions ut the Stock Exchange aggregated
223 900 shares, followsNew York Central and Hud
son. 1900 Erie, 49, 7oo Lake Shore, 1880 Northwest
ern $3.50; do. preferred, 1850; Rock Island. 1900:
Pacific Mail 10000; ST. Paul, 1900 do preferred, $500;
Ohos O00 Western Union, 70 5oo Wabash, 49, Union
Pacific 200 c., c. and |. c., 20o Delaware, Lacka-
wanna and Western 100; Michigan Central, 81 COS;
Hannibal and St Joseph 900
oPESIsc, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
80 t.A H.