The New York herald., 1876-03-14
Stocks Extremely Irregular and Opera
tors Mixed.
GOLD FIRMER AT III SIS A ia 81
Money on Call Easy at 81 l-2 Per Cent
Governments Strong.
Investment Securities Generally Steady--Im-
portant Action in Pacific Mail
WALL STREET,

MONDAY, Marcn l3-o r. NJ.
Years ago before the larger half OF the stock mgra-
ted across the water Erie the speculation here
sreelence and the market took its from and was
controlled by us fluctuations 1t has been many day
since Erie has shown itself 'arbitcr rorum," and
dealers have been surprised IL suddenly
itself in that capacity
II is nevertheless that the market a, large is
waiting upon the pronunciamento Of the new avore,
rs the disorganIzcd States of South America upon
tho will OF some revolutionary general Consequently,
active STOCKS took the IRON Fries strength and
firm unison.
Opening at 2lk Erie rose speedily and almost with
out set back to 23, and the rest OF he list parcipa
ted at a respectful distance.
Tho belief In further rise which will mark the stock
up TO 30 was the incentive to buyers, who are fur
Ihcr strongly OF the opinion that the stories pointing
10 the fostering care of Delaware, Lackawanna and
Western are in the main and reliable However
this may be, there show OF realization when
the quotation marked 234, and shares obtanable
nj n concession OF point at the close 1t Is pretty
certain that the Twcntythird street party who dned
and wined the English contingent and got short of the
stock on mysterious hints when Southdown mutton
was superior and Southsidc Madeira eclpsod
the sober thought has considered better of the
matter in cooler moments and been large buyers to
cover contracts
one thing sure that toward the end OF the day the
stock was not in so good repue, there more
sellers than buyers and the termination the price
marked down 10 - at which II closed fevcrishly
The strength exhibited by Erie affected the whole
list and better prices were reflected in the general
speculation
Lake Shore kept going like a cotton mill in bad
times when II is better TO work at loss than TO shut
up shop. Accordingly there advance and a
fall and the fall was greater than the advance as was
,l,o Oh ~, a.,
Pacific Mail benefited by the farewell slant OF Erie
wind, and forged ahead from 1875 at tue opening to
2osS closing nearly the latter figure. The may
be said OF and better class OF Investment
stocks the only black sheep in the flock being Western
Union and Un'on Pacific, which slked through the
day, the first dropping TO 67ii and the latter TO 64
There TO be unfathomabe mystery about this
Unlon Pacific stock which is worthy OF Dundreary' IS
consideration. IL is matter which mo iear can un
derstand" Costing for working expenses percentage
receipts below any other road in the country and
promising to pay dividends equal to New York Central
and Hudson, it is selling at s cent the dollar,
while n security for loans money lenders regard IL
with the most evil OF eyes.
viii Mr.. Gould rise and explain9
The most diverse opinions prevail as to the future
course o, the market There is apparently less short
interest existing than the case few days back
but matters be in the hands OF professionals
only and it upon their manipuations, and not upon
any widespread public interest in Broad street spccua
tions that the market is likely to shape itself in the
Immediate future.
SALES
The transactions the Stock Exchange oday ag-
gregated DAP, 900 shares which were distributed
as iolows:-Ncw York Central and Hudson, $3.50;
Erie, 99S25; Lake Shore, 10000; Cleveland and
Pntsburg, 3iO Northwestern, 1000; do. preferred,
$780, Rock Island, 4,l50; Pacific Mail, 35,050; ST.
Paul. a. 900; do preferred, 1900; ohios, 4OoO West
Union, 20, 625 Wabash AIS; Union Pacific, o225
Michigan Central, $500; Kansas and Texas, 900
OPENING, HIGHEST AND LOWEST PRICES
The following table shows tho opening highest and
nsf nricc III 10