The New York herald., 1876-02-03
FINANCIAL AND COMMERCIAL.
Bears al Work Among the Fancics- IA Further
Decline and an Unsettled Feeling.
GOLD IREEGULAR AT Il, IS A lis l4Ans
aayestment Securities and Government and
Railway Bonds Steady-Money on Call
Loans 5, 6 and Per Cent
WALL STREET.

WEDNESDAY Feb 2-6 p NJ.
The march OF the Stock Exchange its pilgrimage
60 tho Mecca higher prices has halted again to-day
Whether stock jobbing pilgrims by Of acquiring
a superabundant number OF shares have found them
act like peas in the shoes OF crusading devotees
or whether the halt has simply been called
rest previous a and formidable departure
coming events will show Whatever evil occurred
day TO either bull undoubtedly suicent
the parties interested but 1t could have been very
serious since chances for loss gain limited and
dealings. in comparison with those OF two three
days ago, were reduced scale
Pacific Mail unquestionaby
The cynosure Of nsighboring eyes.
and attracted the largest crowd OF admirers There
a strong disposition the part of somebody to
market stock and in the effort the price broke
down per cent from the opening and closed at the
decline. There great discrepancy in opinion as
TO who the seller could be- and guesses varied
the hues of kaleidoscope the contents OF jar
OF mixed pickles Many Of the opinions expressed
were quite as acid too, for the small dealers had
been looking for upward whlr in the stock on in
formation quietly whispered and not TO be breathed to
a soul 1t was disappointing, then, to see its value
grow ''sma by degrees and beautifully less' under
the dumping process aforesaid and douby dsagreeable
to have to pay the piper.
The weight of evidence seemed to point Jay Gould
for bis action said be complication in the
Panama Pacific Mail tumble, which result to tho
disadvantage of the latter company In fact prom-
nent operator who is supposed TO be behind the
scenes overheard to say that Trenor W. Park chad
got him" This obscure fearful assertion launched
against my thca individual, throwing hold
into fits.
Western Union less sought after, and oscillated
between 1874 and Tx. The stories which II was
srenuousy bucd At the beginning of the weekto the
effect that the company's shares to be divided
among stockholders that a consolidation with the rival
Atlantic and Pacific line imminent, and others OF
that k-were treated old tales that had been
told once too often.
The Western stocks exceptionally strong and
In the Of the preferred shares OF Northwest and
St Paul closing prices decidedly better than the
opening will be by reference the printed list
Ohio and Mississippi was nearly deserted. Whether
its friends Off Montreal with samples procured
in the late activity whether the quotation Of "A is
all that be got out OF IL present in the upward
hitch is a question that must be answered shortly.
The appointment OF Mr.. Allan Campbell to the post OF
Commissioner OF Public Works TO threaten a
breeze in the usually placid precincts OF the CoDsoda-
ton Coal Company. A circular, signed by several
prominent stockholders, has been issued asking for
proxies in the interest of Mr.. Campbell, who is
and has been for four years back the president OF the
company. For the information OF investors Gull
out few hgurcs Tho net earnings for the first two
years OF the consolidation averaged 1922 900 for each
year; for the last four years they have averaged
s4ooOo During this latter period all floating debt has
been expuuged and the funded debt reduced s346 00O
The slgners OF the circular point to these items as
cogent reasons why Mr. Campbell should be retained in
office despite the opposition Of some shareholders who
object to his holding dual position. The argument OF
the figures is at least strong one
Apropos to this subject OF coal and its consumers
word comes to the river that neishbors
of Brooklyn open rebellion against the
of the gas companies There is nobody to throw oil
upon these OF discord the oleagnous fuld
poured the lamps to the exclusion Of the meter
That the complaint OF consumers at the excessive
charges of the companies is well founded shown in
fact that while prices of gas remains they
the material from which it is produced has fallen
cidedly in value Gas coal which years ago was
delivered under contract for the 81 so per
tog, Is now supplied to gas companies SO per ton
IL about time that the should realize
come benefit from this reduction
THE SALES TO-DAY.
The transactions at tho Stock Exchange to-day ag-
grcyated shares which were divided among ac-
live stocks as follows New York Central and Hudson
1870; Erie 1900; Lake Shore 10 700; Cleveland and
Pittsburg, 800; Northwestern 60O do, preferred,
100; Rock Island, 2,oOo Pacific Mail, 90 75O; St
Paul 100; do preferred, 2sO0; ohos 20 200; West
ern Union q, 900; Wabash, 1So0; Union Pacific 500;
c. C. and l. c. 700; Panama, 100; Hannibal and st. Jo-
seph, 200; do, preferred 4,o0o; New Jersey Central
1900
OPENING. HIGHEST PRICES.
The following table shows the opening highest and