The New York herald., 1876-02-26
The Stock Market Firm, but Irregular
Brokers NOnpluSsed-AlmOSt
Panic in France.
GOLD FIRM AT ia.
Money on Call and l-2 Per Cent-Invest-
ment Securities Steady-GOvernmen
in Fair Request-Railway
Bonds Quiet and Firm
WALL STREET,

FRIDAY, Feb. 25-6 p. NJ
The whole street has been engaged to-day in trying
60 guess conundrums and the effort has met with in
different success. The enigmas propounded had refer
the curious vagares Of the share list and the
extraordinary proceedings of prominent dealers
The market appeared as a first class sphinx, and had
the Board existed in mythologcal times not mothers
Of them would have escaped immediate destruction
for their stupidity in guessing the riddles
Business marked by as many changes as dis
tinguish the hours of spring day and to the very
close one could conjecture what Of speculative
weather were to have next
Lake Shore and Western Union engrossed the atten-
tion Dealers although Union Pacific reused from
its apathy at ono time and made plunge downward
from 6ss< to 65s< on sales of 5000 shares but
1t ultimately rallied and closed within halt point of
its first price.
This was riddle No. l, and it remains yet
guessed.
Why Jay Gould should have sold the stock down
three points, should have allowed other parties
TODD So and what object he expected to accomplish.
main mystery.
There is possible cew II in the fact that the Pam
Railroad will despatch their first steamer of the
opposition line Tuesday next, and this coupled
with the heavy sales of Pacific Mail day since,
leads believe that occult scheme is in
of perfection which will be developed at the proper time
Riddle No. 2 was suggested by the appearance in
Lake Shore OF broker who is popularity supposed TO
represent Commodore Vanderbilt He supplied the
market with some $1,000 shares, which were quietly
absorbed, little or excitement being manifested
and the price yielding barely point
The Robinson0sborn party apparently were buyers
of half the amount while the other half went into tho
Offices OF dealers, large and small Ricdle No. also
remains unguessed, though every member in the
resolved himself into sort OF modern Caesar and had
rfcc cialo 10 noL-a
They were Of their Event, vidi," but broke
down utterly in their ''yici
The commentaries were somewhat to this effect:
The Commodore selling out his stock openly, and
spectators might draw their own conclusions. on the
principle that ''wink is as good as a nod to b ID
horse'' On the contrary, IT was urged that II there
anything blind in the matter 1t was the broker
who had been put up to act in that capacity by Could
who selling short stock and endeavorng to create
an unfavorable impression at the time Theory
No. was that Vanderbilt de facto a seller, and
that Gould was quietly taking the stock, with view
TO control the road at the next election
Theory No. was TO the effect that the whole bust
ness was great washing operation after the German
fashion, when tho family buckbasket emptied into
the suds only in atwelve month 1t certainly had
good deal OF this appearance and lavatory Of matched
orders with the intent OF creating short interest,"
may be nearest the truth OF any of the surmses
Ia spite OF the heavy sales and the impression sought
to be produced Lake Shore rallied good point
from figure and closed nearly up to the top
price of the day.
Riddle No 3 had reference TO Western Union, which,
from the gwen these few days back should
have gone on steadily decently TO the dogs 1t
fused absolutely the contrary, TO do anything Of
the kind, and took spurl upward, which made the
shorts shake in their boots
There were evidences that the Twenty-third street
party had taken fright and covering the shorts
which they put out when the stock ranged between 70
and 76 In fact the chief operator in this security is
short WASTED at the best OF times, and is much
more comfortable when making long leg OF Western
Union than when SAILING the other tack
There is nothing to notice in other specalties save
to that they followed oa greater or less de-
gree the fluctuations of the prime favorites glance
at the printed list will afford all the history that per-
tans to thom to-day.
as the list itself and the longest heads in the
street being scratched, with satisfactory result
THE
The transactions on the Stock Exchange to-day ag-
grcga,ed l6s, 500 shares New York Central and Hud-
son. $50; Erie 36oo Lake Shore, S. 700; Northwest
crn $500 do. preferred l,1Oo Rock Island, 1,525;
Pacific MAIL 90 lo0 ST. Paul, 5000; do. preferred,
2100; ohios, 5000; Western Union, 5o,lao; Wabash
700 Union Pacific $3.50; Michigan Central $50; 81
LOUIS Kansas City and Northern l,1oo do. preferred
LOCO; Kansas and Texas, lo0o; Atlantic and Pacific
Telegraph 1,4o0; Quicksilver preferred, 1,4o0
oPRSrSG HIGHEST LOWEST
f,iiovv,rv tahio sboug the onoufnc hioheat and