The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-09
The Stock Market Heavy, with Generally Lower
Prices-An Attack on Erie.
GOLD 113 Ia A 113.
The Bank Statement Unfavorable-A Decrease
in Reserve of Nearly $500 .OOO-Goy-
eminent Bonds Strong and Invest
ment Shares Steady-Money
Easy at 1-2 Per Cent.
WALL STREET,

SATURDAY APRIL S-6 p. NJ
Az usuaI Lake SHORE Pacihc Mail and Western Union
absorbed BY tho largest part OF todays specula
ton Erie 1t is true sought to DO enrolled among the
elect but bazed only in the reflected light OF the
I,omiuen, Iuminarics Not much OF a blaze, either,
: rather eclipse for the opening price Of 1875 be-
ramc less and less and waned with the passing hours
until three O'Clock recorded better figure than 1871
The discovery of an error in London telegram which
had reported tho quotation ut "a per cent above the
actual figure had something do with the decnc but
lhc growing impression that the "third rail- story
and the coupon funding business were tales rather 10
DO believed by the marine corps than by stock brokers
was probably the real Tor the fall.
Lake Shore started of manulIy at 60a and closed
half per cent lower There marked stcadiness,
however, during the entire day which showed that
tho an,asonisn OF longs and shorts was so equally
matched that important result accrued TO either
side The results from traffic since January were
the subject OF considerable discussion-bus claiming
that 5000 900 the earned and bears asserting
hat the three cyphers being cut OIL the remainder
would still be too great
Meantime The octogcnaran oracle who presdcs over
It's destines fails clear up the mystery by any official
declaration and dealers left TO pay their money
ma take their choice Regarding Western Union, spec
sators in this fancy about as much al sea as those
IN Lake Shore.
OF their guided by no fixed views, but blown
about by every wind OF doctrine" do Western Union
specuators twrl in their opinions like wcahercocks on
church steepcs A day two back, we mentioned
In our last there existed comfortable feeling grow
Ing almost into confident certainty, that Gould had
covered his shorts and gone long OF the stock,
previous to shake hands all round aud "kiss-and-
be.irends', arrangement between the antagonstic
companies To-day these wcathercocks have shifted
entirely the other way and are pointing due cast and
there is every appearance of continued threatening
weather
While giving tho stories of the day which in these
dull times have so important an influence in creating
The feeble fluctuations which arc born OF them, we
ytill see no reason reccde from the opinion more
Ihan once expressed since tho commencement OF the
,elceraphc hostiIitcs, that tho contest will be long
and bitter one unbiased By any stock obbing ends TO
be gained or by any compromise looked to IN the I'M
mediate future.
Pacific Mall as the last OF the active stocks, was in
tbv same boat as confrees, and boistcrous and
,eaky time il had of the days experience Open
ing mt 17s,, all hands called to the
pumps at tho vcry outset TO prevent
the craft from sinking forthwith, aud IL was only by
the strenuous exertons of buyers on short account
that the unior, innate hulk brought INTO port at the
close of business, marking l6h as It's quotation and
weak at that.
. :
cIining aud without spirit or show OF reaction the
close. The spring rise laid for another week,
tho coming events OF which prove puzzle to stock
iobbing prophets.
THE sALEs TODAY
The transactions at .he Stock Exchange day
aggregated 1l6e0o shares, which distributed as
iolivws:-Eric $500; Lake Shore IA, ZOO;
Northwestern, 100; do. preferred. 1855; Rock
Island, 200; Pacific Mail, $4,000; ST. Paul, $500;
Do preferred, 900; ohios, 1890; Western Union
1850; Wabash. zoo; Union Pacific 200; Michigan
Central, ,o5o Kansas and Texas, 1,4oo
OPENING, HIGHEST ASp LOWEST
The following table shows the opening highest and
lowest priccs of the