The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-18
FINANCIAL and COMMERCIAL.
The Stock Market Featureless and
Barely Steady.
GOLD ll3 IA A ll3 A ll3 Is.
Money on Call Loans 3 and 4 Per Cent
Foreign Exchange Quiet-Governmen
and Railway Bonds Easy.
WALL STREET.

MONDAY. April l7-6 r. NJ.
Tho market opened where It left on on Saturday.
and prices followed seriatm like feuilleton IN
French newspaper which 10 promised ITO be continued
In next" For the nrst half hour things were as
thoroughly mixed as the fragrant rappee Of old time
Scottish laird, productive OF sternutativo
snect on both bulls and BEARS Shortly attcrward the
whole marker experienced sot downward which was
shown IN the decline OF Western Union from 661 to 60;
Lake Shore from 561S to 55H; Pacific Mail from FOX
to 1917; Michigan Central from 557s to IS; and Erie
from l5x 10 151S
These composed the opening and closing prices OF
the day, but by means the highest, which latter
obtained about MONDAY under what in these
dull times, might DO described decidedly active
market This change was brought about by tho i'm
pulse given to Western Union by sharp demand fer
OF the great Gambling act pleader. Jay Gould
may possibly DO "a nice young fora small party
but he evidently does not fancy crowd. Largely
short Of Western Union he discovered tho existence
Of too much company holding the same opinion as
himself, and took the summary process OF getting rid
Of his followers by smartly bidding up the stock and
thus compelling them to The small bears hav-
Ing thus been sent to the right about with claws
clipped and teeth filed, the upward move
mcnt hcstated. and eventually dropped back
halt 4 point Tho effect OF the
transaction, however. had been to force the
price upward from &c TO 67A, from which
latter figure IL fell back to 665s, ut which 1t closed
While the general opinion Change Is hostile to
Western Union there many firm believers IN its
value who that earnings OF the
satisfactory This is in turn met by the
assertion that the company has discontinued in great
measure the construction Of further limos and that the
general system OF poles and wires Is suffering from
want Of proper repair and maintenance in order that
favorable showing may be made when the proper
time calls for it 1t is to be hoped that the noxt
port OF the corporation will show how much money
has been placed to the credit OF earnings that should
properly be charged the debit Of expense account
The OF the telegraph stock seemed to give tho
keynote to the rest Of the market, which followed It,
does orchestra the baton OF its leader. There
nothing in the internal condition OF the railroad shares
themselves to the market either way though the
existence of fevcrish feeling ascribcd 10
tempated meeting oil railroad representatives We'd
nesday next in this city, for the usual wrangle
the rates for freight and passenger traffic
Erie, starting ut 1914 ran up to 165s, and closed at
the opening price. II seemed simply TO have been
favored by the same slant of wind which affecting
the rest Of the Market for there nothing here
influence it pro con. and Official prices from the
other side wanting under close Easter Monday
holiday on the London Stock Exchange
The popular game Of pool which is now being played
by railroad managers may result prontaDiy W az the
participants, but II will be tho first pasme OF
thc sort that have known with this ISSUE In
variably the house absorbs the greater part Of the
winninrs-a conclusion which the ''pubhc" in
Bynonymic sense, regard as neither lame nor impo-
tent.
After the teapot tempest OF the morning things be-
came as insipid as a second drawing Of bohea, and
brokers' lacking orders, bctook themselves TO their
usual haunts where the cup which cheers and also in
ebriates passed without slip from counter to lip.
THE SALES TO-DAY.
Tho transactions at the Stock Exchange to-day
aggregated 15 shares which distributed among
active stocks as folows:-
New York Central and Hudson, go; Eric, %. 200;
Lake Shore, $4,000; Northwestern, 1000; do pre-
ferrcd 100; Rock Island. 21so; Pacific Mall 20 600;
g. Paul. 1885, do preferred 200; Ohos, 1900 West
srn Union, s4,soo Wabash 1900; Union Pacific 400;
c., c. and L c., 900; Panama, $50; Michigan Central
74OO New Jersey Central, 1870
OPENING, HIGHEST AND LOWEST PRICES.
Tho following table shows tho opening highest and