The New York herald., 1876-11-03
FINANCIAL AND COMMERCIAL.
The Stock Market Irregular and Fever
iSh-A Tendency to Lower Prices.
G 0 l. d 1 o 8 g. 4.
Money on Call 4 and : Per Cent-C0vernment
and Railway Securities Firm.
WALL STREET, I
THURSDAY, Nov. 2--6 =. II. I

THURSDAY, Nov. 2--6 P. H.
Beyond a temporary boiling over ut the very outset
bf business and brief cbullton the close there
Nae scarcely fire OF activity enough TO create bubble
N the speculative caldron during tho day. The
rlosing prices OF yesterday which had struggled up
ward from the mirc Of depression, fell back with q
nop, at the very opening, and sunk lower than ever
The profound mystery which the railroad people es-
ssyed throw around thor conference had impressed
many with the belief that some favorable conclusion
had been come to after all, and IL not until after
business hours yesterday that they wcrc undeccvcd
When 1t became apparent, however, that the ant ci-
pated cake had turned out to be only much dough-
there prevailed universal desire tho part OF hold.
ers TO relieve their minds and their stock boxes
and the same time. thus prccptating n selling move
ment and smart decline through tho list.
This agreement to disagree (Which about the
only point OF accord between the railroad oclas) has
been seadiasty suggested IN this column tho only
one likely TO be arrived at, though tho opinion
shared in by the press generally. The views of Mr.
Vanderbilt, however, have boen correctly in
terprcted and the belief that no would not recede
from his position on the mileage question suffer
discriminating rates to the prejudice OF this CITY, had
become practically true. The meeting Is reported to
have adjourned sine die subject to the call OF tho
presiding officer, Mr. Jewett who, unless the summons
be made under moro auspicious circumstances than
the last was, will find "a vocal vociferous
necessary to gather his coadjutors togethcr
After the early gaop down hin had settled into an
ambe the market remained In state of dull
or sparsey envcned with ftfu spurts OF fuctua.
ton until late in the afternoon. when the Osborn
party, apparently with the condition Of sds-
clplined rnacton," made dash at Lake Shore and
walked up speculation with a start. There was owl
dence that Twenty third street, tired with the mo.
notony of 'hands off," were also having y finger IN
lhepe which was to prove dyspeptic entertain
nent for the bulls. so through this drive occurred
she second upset OF the day. and consequences looked
alarming enough at one time when Lake Shore tum-
bled to 55sl Michigan Central 10 4514 and Western
Union touched 7lsS. What other anlmus than mere
freak suggested the raid not apparent, Tor
Il ceased almost begun. Lake
shore and Michigan Central rallyng TO 81 4.
ard 45I respectively, and closing within !.
of thcso figures Tho coal stocks and The
rest Of the usually active railroads affected in
only moderate degree by the cccentricics OF their
more lively neighbors. and may be quoted fairly
steady during tho day with httlc interest taking in
lhem The Western Union pool seems rather dazcd at
Inc OF the railroad market aud apparently has
doubts AS to whether II is afoot or horseback and
while feeling the way the prico of the stock is Slip
perry all eel Jay Gould, who bids air to squirm
put OF their hands, II he has over been in them
There is nothing 10 note either IN the money or in
The bond market beyond the fact tnat tho nrst was
loaned cali at and per cent and the latter was
steady and without special feature.
Although prices looked somewhat better ut the close
here exists Ioadstone at present, either in tho
ihape OF foreign or domestic events to attract
ipeculation; bulls and bears in doubt TO what
the proper step to take, and in imitation Of
Micawber are inclined to wait for something to tura
up.
SALES TO-DAY.
The transactions at tho Stock Exchange to-day sg-
gregale l39 00O sharcs:-New York Central and Hud-
son. 1910; Erie, 2oO Lake Shore, 81, TAO; North
western 700; do. preferred, 1400; Rock Island 225;
Pacific Mail, 5000; ST. Paul, 5000; do. preferred,
5000; ohios, 1000; Western Union. 10, $50; Wabash.
400; c., c. and l. c., 200; Delaware, Lackawanna
and Western, $3.50; New Jersey Central, 900; Micni-
gan Central 10, AGO.
OPENING, HIGHEST LOWEST
The following table shows the opening, highest and