The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-14
The Events Of the Wcek-The Course
Of the Stock Market and
Its Suggestions.
MOVEMENTS IN CURRENCY AND GOLD.
Strength in Government Bonds,
Express Stocks and Invest
n1ent Securities.
WALL STREET, l
nok 10 1gTC


Fifteen years ago Leotard, the acrobat, made fame
and possibly fortune at the circus of the Champs
Elysees in Paris when he hit upon the novelty OF the
flying trapeze His imitators have been numbered by
hundreds, most OF whom have proved themselves more
skilfuI athletes than he
The past weeks business of the Stock Exchange may
be symbolzed by the movement of the flying trapeze
Prices have swung through the arc Of circle first
downward, then up, and then down again, while
emulous dealers, copying Leotard, have essayed to
make their the market, did the performer
his horizontal bar
There is difference, however between Leotard and
the broker The first attracted admiring public,
which paid its money to the show; the second
gyrated TO crowd of professional rivals, who
tributed more commentator than cash.
Perhaps, however, rehearsal at the Stock Exchange
may be as useful at the theatre, and in view Of
the centennial season. which is expected to draw such
mammoth houses it desirable that performers shall
learn well how to act their part
So far spite of apparent activity in the light
of a public interest, the sale Of the Exchange he
shows but "beggary account of empty boxes.
There have been plenty OF participants out they have
all been professionals There has been a great deal
more practice than pay and the outside public who
possess the coveted dollars cannot be lured into the
speculative market just now at any price.
This is not an assertion made at random, but is
stated on the authority Of well known commission
house and the bulk OF commission brokers in the
Board. Members who have depended upon the custom
which springs from widely spread speculative spirit
ind their condition but little improved. while they ap
preciae the fact that certain chosen few, who
the hangers-on of the chief manipuators obtain
satisfactory amount of orders.
This proves the truth of opinion, than
oncc advanced, that the vagaries Of the market
controlled solely by the professional operators, who
may elect to force a rise to-day or compel a fall to-
morrow 1t is not likely, however, under the present
aspect of things (Which comprises certainly hopeful
outlook coupled with determination that willy nlly,
the future shall be better that there much money TO
be made by selling stocks short The arrow has been
drawn pretty well to the head, but there is but little
danger that the bow will break under the tension.
Shares may, and probably will, sway backward spas
medically but there appears to be nothing to create
permanent reaction. Present holders strong,
money is cheap and likely to So and confidence is
gaining slowly upon the community.
After time the public which now looks at the
ket with the eye of suspicion becoming used to en-.
HANGED prices and having few dollars 10 spare in its
pocket, may venture in buyer and relieve the
laden operators who struggling under the heat and
burden OF the day,
1t is certainly the mttisr OF the bull party to keep
things moving and If the play is little dull just
may safely anticipate brilliant display of fire.
works at the end
HIGHEST AND LOWEST PRICES.
Tho follovrino tahla showa the extrane fluctuations