The New York herald., 1876-03-07
FINANCIAL and COMMERCIAL.
Stocks FeVerish and Irregular Show Of
FirmnesS at the Close.
GOLD ia 3-4 A la So.
Government and Railway Bonds Steady-MOney
3a312 Per Cent-Morc Gold Going
AbrOad-FOreign Exchange Dull.
WALL STREET,
MONDAY. March Go L. N. 4

MONDAY, March 60 4. NJ
p NJ, Webster tells us, in his list OF 'Abbrevia-
tions may stand for ''Post Master "Past hdshp-
man" and post Meridian - but fails to include
''Post Mortem~ and ''Pacinc Mail" Yet 1t is with
hese latter two that market has been busy today
or operators have slaughtered the r. NJ OF the Stock
Exchange and have held autopsy over It's remains
From $50 years ago the price Is down TO ~ To-
Day II enough make the most anti-Shakesperian
Of brokere instinetvey quote the divine Williams"
and exclaim, sOh what n fall there, my country
men! II was bad enough for the stock TO show 22z
as the best IL could do In ihe days business; II was
diseraceful when 1t weakened TO 20. Even the
Managing Director did better than this despite Of his
City of Peking and City OF Toxic junketings
II We remember rightly the price ruled about 10
In those ambrosial days, and here we have il divided
by two sand none poor to do II reverence" There
Is a mystery about the whole NATTER and the decline
and fall OF the stock about little understood
Gibbons ''Declinc and Fall OF the Roman Empire. "
We certain that both steamships and state have
come to grci but there is no explanation from either
Gibbon Gould.
Scramblers for ciehths had little curiosity for the
sraison dere," but pitched in the bear side the
evident weakness Of the fancy invited them TO do.
Under pressure SELL the carried down
10 20 the lowest point which tho stock has
ever sold all It's history. The old stories OF i'm
organized by the Panama Railroad ana the affirmed
uorthlessness OF the costly new iron
ased influence the market, but II is probable that
he diableyie the Forty seventh Asmodeus has
had do with the disaster than any trouble with
the company itself
There was lun in the gale nevertheless. and at the
termination of business the storm beaten hulk
making over one per weather OF it than 1t
had done at one time
Western Union showed feeble front at the opening.
which was due to the Information conveyed by the
HERALD that the Atlantic and Pacific Company had re-
duced their San Francisco and the Pacific coast
This weakness which carried shares down from 69 TO
ssx, afterward recovered from under the hope
that the Executive Committee meeting to-day might do
something toward recommending dividend.
For several hours the stock remained dull. with
feeble fluctuations only, spectators hanging IDLY about
as do judge htigants friends of the family lin
important trial) when waiting for the verdict
When the decision ut last Ia sort of Scotch
mon proven" verdict the effect that the meeting
Of the committee had been far from harmonious and
that the Gordan knot of general wrange had been
severed by leaving the whole matter the full board
which assemblies on Wednesday, 1t was looked upon us
favorable augury, the stock strengthened and
vanced to G9k, the highest figure of the day
AS well rs we gather the dividend is likely to
be declared as among other good and sufficient
sons Commodore Vanderbilt is said be opposed TO
such decision
The closing price, though OF from the highest, was
shade better lowest OF the day. and stock
Is likely TO oscillate backward aud forward until the
matter is definitely settled on Wednesday.
While Pacific Mail tumbling heels head and
Western Union balancing itself Lake Shore clamb-
sring Tor a elevated position IL attained it, too,
Tor from 62,s 1t scrambled up 64s, and ony slipped
Tho cir Aa tbara ed IN ha
no reason for the variations the other favorites
there seemed be little ior a change In Lake Shore,
save that Archmedes only required lover to
the world Jay Gould simply chose Lake Shore
the market
Under the Impulse OF this controlling favonte the
entire would naturally gain strength and offer bet
ter ngures Tor a new line of short sales
In absence OF other facts the contrary this
to be the best solution of the movement and to
great degree accepted as such by the street
Like n belle who has a tearing time during the carni-
val but is undergoing the pentontia sackcIoth
and ashes OF Lent the granger stocks have sobered
down into respectable duIness, keeping along in the
even tenor OF their way without exciting emotion
IN the spec ulative breast
Tissue paper fimsies and real respectable invest
nents were akc neglected, and in their perturbation
ecbly reflected the movements OF the great financial
,Tbs.
SALES TO-DAY
The transactions the Stock Exchange to-day ag
,regated 2O7 900 shares, which were divided among
lctive stocks follows:-New York Central and Hud
son, 73o; Erie, 1900; Lake Shore, u, 42o; Cleve-
land ana Pittsburg 100; Northwestern, 1885, do. pre-
icrrcd 600; Rock Island 1000; Pacific MAIL 65,s75;
st. Paul. $500; do. preferred, 2,40o; ohos, $500;
Western Union, 40, AIS; Wabash, 800; Union Pacinc
LILO; Michigan Central, 900.
orESISG, HIGHEST LOWEST PRICES
The following table shows the opening highest and
lowest prices of lhe day:-