The New York herald., 1876-03-01
FINANCIAL AND COMMERCIAL
Stocks Under Prr@ure-LOwer Prices
FeveriSh Feeling.
GOLD ia A ia 1-S.
Money on Call 3 3 1-2 Per Government
and Investment Securities Firm
Railway Bonds Steady.
WALL STREET, 1
TUESDAY, Feb. 20-6P. NJ I

WALL STREET,
TUESDAY, Feb. 20--6P NJ
This boing shrove Tuesday it was quite htting thai
stocks should fall fat as pancake. There an
carly sprihkng Of ashes the frontals OF bulls,
though they realized the that they were but show
beef after all and devoted TO the sacrifice Of na gras
The hopeessness OF their fate, shown in the first
hour of business looked less serious as the day grew
older when the market stiened and prices rose upon
we'll developed strength
Il seemed as though they might escape tho sacrf
fetal knife after ALL but appearances were dcceitiuL
The upward turn but brief and deusve reprieve,
and Nemesis in the shape of the butcher OF Forty
seventh street. check apron and sleeves eventually
brought the whole herd TO the shambles "butchcred,
to make an ursine holiday"
There good deal OF wabble in Western Unou
and Lake Shore at the send or considerable amount
Of pendulum business transacted at fractional va
rations but approached these stocks stinencd
materially, and tended to decidedly higher figures
As Paris is France SO these stocks the
ket and with the exception OF little ebullition al
one time in Pacific Mail. attention was confined to
them.
BY one O'Clock the active spccuiativcs had advanced
one per cent; by halfpast one O'Clock they had re-
cedcd to their starting point
There was Emusic in the air''-the blended melody
Of lowing bulls growing bears; but there more
cheerness in the snar OF the latter than In tho bel
low of tho former Tho above set back in prices
possibly be traced to the following causes.
The Twenty third street party seeking to ges ints
bank portion of the profits their short lines which
until covered much imaginary as reall, early
appearcd as purchasers of Lake Shore and Western
Union
This did not appear TO suit the book Of Mr. Gould,
who quickly made himself apparent as seller OF tht
telegraph stock when Twenty-third street took th'
hint and withdrew. The Osborn party at the SAINT
time bore hand in the scrimmage, and between ther
two shoals OF the stock came to the ground
such ground is covered by fall from 72A TO 70k.
BY way making things pleasant TO such Of the
ruminants who escaping slaughter to-day, viii repent
in sackcoth and ashes tomorrow, the story was
started that the Executive Committee OF Western
Union had in meeting this morning decided to pass the
approaching dividend.
Like the two grains of wheat in the two bushels OF
cha there was just truth enough in the tale to base
a lie upon
The truth appears TO be that sort Of informal
of the executive directors did get together to-day
for the purpose of considering the proposition for
further reduction rates. that it might be offered
in proper shape at the regular meeting tomorrow
The result Of this conference dd not leak out bat
is highly improbable that the subject Of the dividend
was touched upon at all, Wednesday the 9Th oi
March, the stated day for the consideration OF this
matter
However this dividend business Is settled, II appeaft
TO concern thebus alone for the bears have collected
whole years interest In the ten days decline OF tns
shares.
Lake Shore sympathized almost point for point with
western Union and this uuanmity reminds one OF the
lovo passage between the maiden and Ingomar the big
Injn:-
Two souls with but a single thought.
Two hearts that beat one,
or OF the Safnese twins, with an undivided liver and
duodenum on joint account
This congcniaty feeling did not pervade the vis
cera Of bulls in their estimate Of the value Of
the stocks but they differed widely as Df. Watts
quadrupeds In the poem, and their 'growl and fight"
sent the price up at one time and point down al
another and the finishing figure was midway between
the best and worst quotations of the day.
To help his drive at the rest OF the market Gould
sent his broker in to sell down Pacific Mail which had
slowly struggling in the train Of its friends and
acquaintances There appeared to be no particular
reason for this move to add to the prostraton Of
the general market As respects the granger stocks
nobody appeared willing ego West" for news, and
none was wired East hence they remained without
special feature.
or the general list II may be said, after Sir Charles
Coldstream's 'gag, " there ''nothng in it."
THE SALES
The transactions on the Stock Exchange to-day aes
gregated Gil 400 shares which were distributed among
active stocks follows-New York Central and Hud.
son. 500; Erie $500; Lake Shore, So, ,0oo Northwest
ern, 1850; do preferred 1,aOO Rock Island, 1,1oof
Pacific Mail 27,1oo; St. Paul. $500; do. preferred,
1900; ohios, 500; Western Union, se,4so; wabash,
1850; Union Pacific 800; c. c. /. c., 600; Michi-
gan Central also; Consolidation Coal 2,s4o
OPENING, HIGHEST PRICES
The following table shows the opening, highest and