The New York herald., 1876-03-23
FINANCIAL AND COMMERCIAL.
Stocks We're Irregular, but Exceptionally
LOwsr-BuSnssS Somewhat Improved.
GOLD WEAK AT ia 1-S.
Money on Cah Loaned at 4, ) and 1-2 Per
Cent Governments Steady-lnvest-
ment Securities Easier-FOr-
eign Exchange Firm.
WALL STREET,


There was a tub thrown to a whale to-day, Erie
being the utens and the stock market the cetaccan
The orpor OF the last two days was beginning to en-
danger the stability Of prices and the share list ike
whale, in danger OF going to pot Sc the tub was
flung overheard TO amuse the Market and, as swift
says referring TO tho whale "to divert him from lay
ing violent hands the ship" The experiment
proved success the bobbng about OF the Erie tub
sustained and perhaps saved the whole market from
wreck.
The list which had finished up SO strong last night
gave way the commencement this morning, but was
very quickly checked by unusual demonstration in
Erie which only invited extensive dealings, but
carried the price up during the day from 20K 21H
the stock closing three O'Clock only shade OFF Of the
latter figure The points and reliable IN
formation which used to jackscrew IL up
10 23H ten days ago were applied again to-
day, with the success we have noted And these ap-
pliances took the shape of a positive announcement
that the hitch in the agreement with the coal carrying
companies had been Strengthened out, and that the
hrd rail no longer rested iu this hope of fancinl
myth but was certain to be materalized into
metallic fact The signing of the contracts. how
ever, does not always guarantee their consum-
nation particularly II profitable stock
obbng operation be engineered by breaking them
and that the Twentythird short in
Erie is mostly closed up, and few buyers left II Is
necessary to repeat the rise fresh Invitation TO
operators for fall
As man is evil above all things and despe rately
wicked and stock jobbers hardly angels them
elves, 1t is not impossible that there may still be slip
up this third rail business and that the buyers may
slip up with it,
While Erie was looking ''coule,er de rose the other
railway shares had tho appearance of horses OF another
olor Lake Shore and Michigan Central were particu
q he Vaak nd undo fnIi nava
hown themselves feeble enough had 1t not been for
The supporting sympathy exercised by Erie.
There was thc'od story of threatened railroad war;
with freight rates as the bone OF contention.
Railroad promises seem made only to be broken,
md for plghted faith, "honor among thieves Is OF
ldamantne constancy in comparison There is as
little cohesion among them there among the
ankerous South American republics and they
hmk as little of robbing each other by
ecretly "cutting under' as does one OF the
Muscarado generals in getting a custom house
Affected by these reports and the Information that the
railroad agents were to be in conclave to-day, Lake
Shore opened 4 OFF Of last nights prices and passed
The day fcvorshly between 643S the highest and
$50 at the lowest quotations, ultimately closing at
637S. Michigan Central was more seriously
Affected than Lake Shore the of fluctuations
being marked by a difference Of than one per
cent and the dealings being unusually large for gen.
orally quiet stock Western Union and Pacific Mail
were without feature, and only vbrated at the beck
and nod of Erie and Lake Shore.
Mr.. Gould seems to have kept his hands pretty well
of the market to-day though the prints OF his fingers
we're early seen in moderate purchases OF Lake Shore
and equally moderate sales Of Western Union
Taken as whole, there was more business than for
the last two days. but up to the OF last week.
and brokers looking for signs in the skies and
tsomc think they see one coming) which will give a
fresh start to their profession.
SALES TODAY
The transactions at the Stock Exchange aggregated
i52 100 shares, which distributed among active
stocks, as folows:-New York Central and Hudson
River $3.50; Erie So 7Oo Lake Shore 45 eoo Cleveland
and Pittsburg, 2oo Northwestern 170O do preferred
730; Rock Island, 500; Pacific MAIL O. 700; ST. Paul.
1000; do. preferred, 27oO; ohiOs. 1900; Western
Union, II $50; Wabash 100; Union Pacific, $50; c. c.
and l. c., 500; Panama, 100; Michigan Central 1000;
Missouri Pacific, $500.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and