The New York herald., 1876-03-22
FINANCIAL and COMMERCIAL.
Stocks Irregular and Speculation Heavy
Sales Only $4,000 Shares
GOLD WEAK AT ia A ia rs.
Money on Call Loaned at 3 and 4 Per Cent
Investment Securities Barely Steady
Government Bonds Less Firm.
WALL STREKT.

TUESDAY. March zig p. NJ
There is an old adage tha: Enough is as good as
least 4" and the saying be true, have been ban
quoted on a surfet of dulness for the last two days
No opium since the time of De Quincy can havo
been more apathefic, somnoent aud stupid than has
been the stock market OF yesterday and to-day.
The sluggshness which obtained ut yesterdays close
Of business quite marked at the opening this
morning and with the exception OF CLEAN Of activity
at The end was the characteristic of the whole days
business.
A certain flrmness was observable In Western Union
ut the start and inclination advance manifested
ITSELF view OF paucity OF stock offered for sac but
This feeling was speedily checked when the seller
Jixty business was again had recourse to by Gould's
brokers. As usual but little OF this kind OF stock
found buyers and only then In the case ot parties
who while they accepted the short options, sold out
the equivalent OF cash stock. The effect OF
TINS transaction amounts virtually to the owners
Of Western Union procuring their stock TO
be carried sixty days FREQ OF interest," while It
relieves the short sellers from the annoyance
pf n daily borrowing and change Of loans or course
considerable discussion prevails as to what these
transactions on the part of Jay Gould may properly
mean While some of opinion that our me plus
Mira simply desrous get his short contracts into
= comfortable shape preparatory 10 extended bear
campaign, others believe that for every share thus
sold option equivalent share is purchased for
cash In other words that these sixty day sales are
mcrcly a delusion and n snare, and that while tho
market is to a certain extent cowed by their cxposi
Non a favorable opportunity is created for
ng shorts. Whichever be the fact, tho
nile list will portray bold array OF
iuchangng flgures-the reflex of dull and
nacve dealings As for the rest OF the list there is
Is little to tell as there would be of the history OF
periwnkle in its she'll In fact IL just about as
active as this succulent mollusk its native BRINE
There was a struggle upward of the whole list at the
very end which resulted advance of quarter to
half per cent above opening prices, and the market
closed up apparently good deal blown by even this
slight effort hoping however after nights rest, to
recover Its second wind tomorrow.
There was certainly snap to the events of the
closlng half hour but dealers shook their heads
soemny as Lord Burleigh, and doubted as did Romeo
beneath the balcony OF his mistress 1t might augur
something it might not. 1t might point to better
state Of things, or it was simply market hoist by
Patterson petard. "Nots pcrr0nS."
THE SALES TO DAY.
The transactions at the Stock Exchange aggrc-
gated o. 100 shares, which divided among
active stocks rs follows:-Ere, $500; Lake Shore,
q 500; Cleveland and Pittsburg, 100 Northwestern,
1885, do preferred, 30O Rock Island, 400; Pacific
Mall 20 200; St Paul $500 do. preferred T. 700; ohos,
l2OO Western Union, 300; Union Pacific, 400; Pam
anna, 100; Michigan Central, ESQ
OPENING HIGHEST AND PRICES.
The following table shows the opening, highest and
oft