The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-13
Stocks Irregular, Operators UncertaiB
and the Market Dull.
GOLD 113 A 113 Is.
Money on Call Lower at 2 1-2 and Per Cent
Investment Securities Quiet and in Some !
Instances Tending Downward
Government Bonds Firm.
WALL STREET,

SATURDAY. teD 10 r. NJ
In general to-day the reflex Of yesterday,
and the closing prices Of the two markets are with few
exceptions expressed by the same figures
There were good buyers of Lake Shore surmsed forI
the long account in the early stage Of business which,
carried the stock up 70 67H or and half ponts
better than IL ruled couple Of days since, and th4
strengthened the entire list Afterward, however,
transactions grew sluggish and hoated around steady
central point like straws in an eddy As business drew
to a close a weakness began to manifest ITSELF and
prices closed up at about opening quotations with hr-
ness but without elan
The above is epitome OF the days history and
like most eptomes those interested found there was
very little In it,
The strength Of the market early centred in
the Northwest and St Paul stocks which for the
time being sopped up whatever there was OF floating
orders as does q sponge stray drops OF water To<
ward midday holders began to suspect that the ac$
counts from the Wisconsin Legislature favorable to-
repeal Of the obnoxious Potter law though they
we're gltterng enough in the shape OF telegramsY
might not be pure gold after all II appre4
hended that there danger OF trading upon thei
groundwork Of base metal after all, and what they
took for the virgin might be some worthless
sort Of pyrtes. So doubt having established nsslf
spectators long OF the stock commenced to sell out
and realize their profits under Hoyes maxim of when
10 doubt to take the trick
A slight rally followed, but on IL becoming known
that Mr. vances bill was hanging fire in The Wisconsin,
Assembly the selling movement was renewed and the
quotations OF the Western stocks and particularly OF
St Paul preferred wound up at prices considerably
below those of yesterday glance at the official list
will show.
There appears TO be hitch in this Granger legisS
laton and reports come the wires in such con-
Trajectory and questionable shape thai traders
1ho sta nd fdirvvu hatN
hands in their pockets
Iron Mountain which for long time back has been
avery weak stock, albeit its very strong name, waa
quite lively under the report of increased earningsJ
which be consolation to shareholders at par, il
any such there be- who will rejoice over its return TO
decent life does that OF repentant sinner
Michigan Central up It's additional trafd
for the first week in February and the express stocks
followed suit with handful Of trumps. Money was
offered freely at three per cent mixed colateras;
little cheaper than usual perhaps on account Of de-
sire two days. interest," but there is nothing
apparent the future likely stien the rate above
four five per cent for long time TO come.
The various bills, suggestions and speeches which,
daily float in the Congressional atmosphere
more noticed and have effect ON Stock Ex-
change circles than the dropping OF the gentle dew
from heaven"
The mercantile disasters which nom day to day arc
recorded in the public journals are regarded as but
the bringing to hight Of sunken and dangerous wrecks
which have impeded the bark OF prosperity. With
these out OF the way, with plenty OF money on call
with which to carry stocks, and with thousand
brokers ORDERS the Board stands ready ia
engage in a most unlimited business
The shutters are down, the shop swept out and the
tempting wares displayed Everything is ready but
customers
OPENING, HIGHEST AND LOWEST PRICEs
The following table shows the opening, highest and
lowest nrices of the dav.-