The New York herald., 1876-03-12
Stocks Firm and FeVcriSh-A Brokers' Mar
kct-Matched Orders and Dccep-
tive Influences.
GOLD STEADY AT ia So.
Money Easy at 3, 2 1-2 and Per Cent on Call
Government and Investment Bonds
Steady-Foreign Exchange Quiet
The Bank Statement Better.
WALL STREET,

Y M.
Erie closed at lsk on Thursday, 20A on Friday and
sold up to 22 to-day. At least one half of the entire
transactions were in this long neglected stock and
while its rise tended TO affect the market as a whole II
grated harshly upon the Of the Twenty-thir
street party who saw possible joke in the matter
As we ntmated yesterday the stock finding It's wa.
into strong hands, and the information is freely givei
that financial arrangements are at the point OF con
summation which will get the road out OF limbo and
admit II to bail at loast
The Delaware, Lackawanna and Western Railroad ant
the Delaware and Hudson Canal are to be sponsors
and tho projected third rail is what they 'promise now
How thoroughly they will carry out their contract tim
will show and how sincere the promises and prognos
tcations present buyers likely to prove will b.
demonstrated when the price reaches its culmina
tion.
The street likely to be fooled by the idea that
Sage Sloan or Moses Taylor has undertaken bull
movement for the purpose OF acquiring the stock as
good investment, but they quite likely to believe
that arrangements may fall through and misunder
standings the critical moment when the price
can be pushed higher and shares topple OF he
own weight.
In Stock Exchange gambling there are so many slpi
between the cup and the lip that II requires steadl
hand and clear head to make mouth and vessel meet
and the moment when the draught is swallowed ant
The moral OF this is that the Erie rise will have III
apogce as 1t has had its pergee and II will again
the earth of lower figures it has done heretofore
Western Union at 6SJl and Pacific Mail at 90 u went
forth like strong grded for the nght but speedily
found themselves smtten hip and thigh by the Phis-
tine bears who pitched into them remorselessly Tee.
graph down to 671 and Pacific Mall to 1SA is the
of the days disaster though tho former fancy
escaped from the fray at the close in little bette
shape than 1t had at one time assumed.
Lake Shore among the active favoritcs proved the
Rock of Gibraltar of the market Opening at 651s 1t
sold down back again to 6e and closed up at th
first quotation dead set at Lake Shore and Western
Union was made simultaneously by Goud's brokers,
who forced prices to the lowest point of the
day, but the former stock quickly reacted
when the pressure was removed. There is
growing bullish feeling in Lake Shore, based
upon the supposition that Vanderbilt Is buying back
his long stock through parties In Massachusetts, not
disconnected with The Boston aud Albany Railroad, and
that a scheme maturing that will make Lake Shore
and Canada Southern friends and allies all traffic
rangcments
To the railway trains In England which are known
as ''mixed" to.day's market may be likened. There
were first class second class and third stocks
ihcro were as many diverse degrees of interest mani
tested in each. To up, the trip for the day was
fair one, with average speed made and when the train
the station at three O'Clock the casualties were
principally among bears who would keep of the
way of the engine, and even these apparently
more scared than hurt
STOCK MARKET.
| The transactions the Stock Exchange to-day az.
! greeated 2s3 900 sharcs:-New York Central and
Hudson, ESQ., Erie, sS 7OO Lake Shore 1920; North
western, 700; do preferred ,600 Rock Island 2lO0;
/ Pacific MAIL $780, ST. Paul, $500; do preferred,
10, 65O Ohos g. 200 Western Union 81, $50; Wabash,
400; Union Pacific $500; c., c. and c., 1oO Panama,
/ 100; Michigan Central, $3.50
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening highest and