The New York herald., 1876-01-19
A Lull in Speculation and the Fancy
Stocks a Tride Lower.
GOLD 113 A 112 3-4.
Money on Call Freely Loaned at and Per
Cent-FOreign Exchange Steady
Government and Investment
Securities Firm.
WALL STREET, |
TUESDAY. Jan. 1S-6 z. NJ.


TUESDAY, Jan. 1S-6 p. NJ
There are Doctor Cummngses in the Stock Exchange
as well as in the conventicle. Both are preaching
coming Mennum-the one in shares the other in
evangelism. Each party has quotations ready TO
prove the soundness of his theory. The one culls
from the stock list; the other from the Scriptures
DR. Cumming has his eye upon the beast Of the
Apocalypse, his Stock Exchange imitator watches
narrowly the browsing beast of the field. The dvnes
animal is complex nondescript organism that would
scare the inhabitants OF any respectable modern
menagery into nts; the brokers' quadruped
Is graminlverous and cornuted-in word
bull Dr. Cumming offers ''Baxter's Call to the Un-
converted, based upon thousand years. option the
Wall street operator deals In ''puts" at thirty days
Both the saint and the sinner in trust
worthy-partcularly Dr. Cumming. And yet the pub
lie is slow to take their points" Most people have
pressing need Of the millennium people
stocks.
There was some evidence in the market to-day that
The existing desire to accumulate shares beginning
10 wane and that the appetite of the bulls for the past
week was becoming satisfied The opening was
paratively quiet one, and transactions a
limited scale with Insignificant fluctuations up to mid
lay, when vigorous effort made to restore the
animation Of the last few days.
Steam was turned on to Lake Shore with much
Mississippi steamboat engineer in hotly contested
sace, and, result the stock quickly from 66%,
where 1t had been hesitatng for couple OF hours
So. or course, as the leader of speculation, Lake
Shore had Its influence upon the entire list which
yponded in greater less degree to the call OF its
ehet
Western Union and Pacific Mail followed the favorte
slosely the amount of shares that changed hands,
though the prices OF these speciaties offered but
fractional fluctuations. Ohio and Mississippi common
Dtock showed unusually spirited dealings without how
pver, any great variation in prices AS remarked
day two SINCE tho business of this line is promising
exceptionally we'll and under the fostering of the
Baltimore and Ohio Railroad is likely to earn somo-
thing for its preferred stockholders at least.
There nothing particularly noticeable in the
rest of the market, which. a unit. quiet and
6rm.
Lake Shore having reached 6s there was developed
decided desire realize and the price fell OF the
heaviest OF the day the opening figure which
u closed
As we remarked above, there are few people outside
The usual gambling crowd who want fancy stocks The
market has been steamed up by liberal purchases
The part of sanguine bulls, frightened bears and
professional jobbers and the situation to-day appears
10 be that the short interest being to great extent
covered and the public still looking askance customers
are less plentiful than sellers.
Itmay be repetition of the familiar story OF Sndbad
and the Old Man Of the Sea- with wearisome load to
carry. until a recoupod public rich enough to
Bume the burden or the bulls may have made money
enough of the bears to permit gradual feeding
ofstocks at the risk OF creating dropping market
AS episode in to-days business letter read
from the legal adviser OF the Milwaukee and St Paul
Railroad Company, which probably elected
by the circular yesterday published antagonistc
10 the above corporation The tenor Of the document
show that the charges made in the circular
without foundation and that the pending lawsuits
base devices OF the enemy, conceived for Eobbng
purposes only.
certain Mr. Bright seems TO be the offending party,
and the legal adviser appears think natural to
pect complaint from one OF that kidney. Stock Elk.
change people have, however SO much of this
potand kettle business that little no effect pro-
duced upon the share price If any had been antici-
pated
STOCK MARKET
The sales to-day amounted to l3o 400 shares which
distributed among active stocks follows New
York Central and Hudson, 440 Erie 240O; Lake
Shore 81 40; Cleveland and Pittsburg, 375; North
western, 1900; Northwestern preferred, 700; Rock
Island, $50; Pacific Mail, 80 100; St Paul, $500; St
Paul preferred 2eOo ohios II, $50; Western Union,
27,225; Wabash, 1850; Union Pacific, 46oO; C C. C.
and l. c., 100; Panama, 200; Michigan Central 3275
oPKNrsG, HIGHEST LOWEST PRICES.
The following tablo shows the opening highest anc