The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-17
Hn Old Fashioned Bear Raid-StOcks Gener-
ally LOwsr-Ths Market Deci-
dedly Unsettled.
GOLD ll3 IL A 1l3 ga A 113 So.
Money in Free Supply on Call at and Per
Cent-FOreign Exchange Firm-Goyern-
ment and Railroad Bonds Steady.
WALL STRICT,
WEDNESDAY, Fob. 1916 p. N.

r.
There is an old saying that cit is the early bird
which catches the worms" To-day the early birds
were such brokers as sold the market in its early
hours and the vermiculars captured were the profits
arising from the decline in the same.
We announced yesterday morning the fact that the
Atlantic and Pacific Telegraph Company bad concluded
upon an abatement Of rates Our contemporaries
after twenty four hours delay, have discovered the
same fact, which they publish in to-day's issues.
This concurrent testimony has acted uniavorably
upon the price OF Western Union and the weakness or
this favorte stock has had its effect upon the whole
market
This little eavcn has leavened the whole mass and
accustomed falling Off which is quite contradictory to
the usual course Of things in baking circles where
lrise is expected from the agency. And it has
Cured in this way. The general market started or
rm and buoyant, 1t closed last night particularly
On the granger stocks but, like railway train under
full Roadway it subject to the application OF the
brakes, and when Western Union suked and doggedly
refused to be hilarious it was discovered that the
favorite speculative was q formidable obstacle to
further progression. There merit in strong
pull unless it pull altogether and Western Union
the abest hand of the lot and could not be spared
mt any price,
Failing this assistance, the market speedily turned
10 the downward tack and when business closed at
khree o'clock there many bull hungering after
i'tfresh fields and pastures new" 1t was remarked
foo that one or two OF the notorious grizzlies which
dnhabit the Twenty-third street bear garden were
proving about the precincts Of Wall street, and de-
auctions unavorable further rise drawn from
this appearance.
Whatever influence reigned the market this
afternoon is quite apparent that the bull movement
which has now been going for sixty days. has
received check. 1t may be mere temporary reac-
Sion or 1t may be permanent The entire manipu-
lation entirely in the hands OF professionals that
amy mere judgment OF what should take place is as
likely to be wrong as right.
1t is only safe to direct attention to the fact that
stocks are decidedly lower and that a bearish feeling
has set in based upon the belief that operators
for rise have got rio of their stocks.
II this theory be true for which good reasons are
given it will not be unreasonable look for set back
TO lower prices for season. with eventual balloon
ascension when time and prospects favor.
There was but mild market among the tissue pa
pers, Hannibal and ST Joseph being the most remark
able for weakness.
The Consolidation Coal Company to-day reelected
Mr.. Allan Campbell President. with Mr.. H. Hicks
and Mr. H. Roussel severay, Secretary and Sales
Agent
( We understand the vote a very complimentary
one to Mr. Campbell, and trust he will be equally as
efficient as Commissioner of Public Works as stock
holders to think he has been in the coal company
OPENING, HIGHEST LOWEST PRICES
The following table shows the opening highest and
-. 49,