The New York herald., 1876-03-16
Stocks Firmer-PrOspect Of an Adjustment Of
the Affairs Of the Bank Of the
State Of New York.
GOLD Ia 3-S A la Ia.
Money on Call 5 and Per Government
Bonds Active-Investment Strong
Foreign Exchange Steady.
VAIL STREET, |
NRpNRspAY. Mar b l5--6 Z. h. !


II was meet and fitting that the vernai with
It's sunshine and shower, should and its reflex in the
stock market of tie last days. There prevailed
wInter OF discomfort yesterday; 'glorious summer
shone brightly to-day. This from the bull point OF
view Let bears snar dissent II they WILL
The better scale OF prices established at the close
yesterday prevailed aud though there some luc-
uations they proved OF fractional character only and
quotations at three O'Clock the best OF the day.
The theory expressed yesterday that Gould had possi
bly, for the time bcing got upon the long side of the
market seems be proven by the fact that he was
large and general buyer to-day, and prices
marked up responsive to his purchases.
Brokers havo no leisure TO cry split milk, but
are sharp TO skim the that each day offers
80 the bank disaster of yesterday dismissed from
their minds without further consideration Aol y
lenders apparently fell into the notion for they
were nmblc enough in dsmounting from the very high
horses which they bestrode yesterday, and
hire out their nags of bank balances at low rate
as two per cent per annum.
All tine representations tonight point change
Dfwind and a favorable for that TO those who
long of the market. How long these gentle gales will
prevail OF how those who have the wind will
reap the whirwind is matter that the stock jobbing
Eolus will decide at his pleasure.
For despite the pressure OF wealth and talent and
the pressure Of all the hddciaddle Of the centennial
year, Jay Could as king of the financial bag of i'm
prsoned Winds elects to blow high blow low as
suits his imperial fancy.
There prevailed stormy northeaster yesterday;
there exists gentle breeze to-day; how 1t will blow
tomorrow nobody knows but the controller of the
winds himself and yet brokers wonder why outsiders
10 not embark the of speculation ttreacherous
enough in the best oil weahers) when a sin ,lc man
holes in his hands the destiry OF disaster
Still Gould, for his own purposes, supported the
market yesterday with the result of u decided benefit
TO vested interests II is simply proof that good can
out Of evil and in this sense 1t will be accepted
Beyond the narrow fluctuations which have al
luded to and the record OF firm and active market,
which closed about the best prices OF the day. there
no fact or rumor prevalent worthy of note. Tow
d the close of the day 1t currently reported that
he affairs Of the Bank OF the State of New York had
got into such state would enable it to speedily
business 1t stated that tho corporation could
be set going again. either the basis OF reduction of
capital TO e-half or on the condition OF present
depreciation being made good.
In either regard new management would be placed
at the head OF Affairs which would be trusted to look
less personal than the good OF stock
holders at large.
is hoped that the wish may not be solely father TO
The thought but this old and respectable insttu-
hon may speedily recover its former prestige.
EMBARRASSED BANK.
The affairs OF the Bank Of the State OF New York al
though still unsettled, not bad condition
10 make certain that the will pass the
hands OF u receiver. new board OF directors
elected several OF its obligations were promptly paid
today, offers of assistance under consideration
and disposition Is said be manifested by several OF
he wealthy stockholders to advance whatever may be
necessary make good the credit OF the institution
and give IL fresh start under influences The
report circulated in stock circles that the bank
would positively resume business tomorrow; bot this
is doubtless, premature 1t is enough that the ind
cations favorable. The stock bid for at 80
day and offered at 95. The last sale at LOG
TIE SALES
The transactions the Stock Exchange to- day ag-
gregated POS 600 shares which distributed among
active shares, follows s-New York Central Hud
son, 55o Erie 46 s5c; Lake Shore 81 500; Northwest
ern 900; preferred 200; Rock Island, 1885, Pa
rnc MAIL 2s 2OO St Paul, IL, $50; do preferred 900;
Ohios $3.50; Western Union 80, 200; Wabash, 325; ;
Union Pacific. $50; c., q. and c. ZOO Panama l00
Michigan Central, S,175
OPENING, HIGHEST AND LOWEST PRIcRs.
The following table shows the opening, highest and