The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-14
Bear Market-PriceS Much Lowef-A De-
pressed Feeling.
GOLD ll3 IA A ll3 3-S A ll3 IA.
Money on Call Loans 1-2 Per Cent
Government Bonds Easy and Quiet
Railway Bonds Steady and
Investments Irregular
A Good Friday
Holiday.


WALL STREET, |
THURSDAY. April 13-6 r. N.
Mr. Conner sprung into view 1t tho stock Exchange
This morning. alter his days OF absence, long ana
Areary," like Jack out OF q box, and the reason
thereof was the dismissal by Judge Barrett Of the So
called ssBlack Friday suit There Is probably not
broker the street At all conversant with the circum
stances who does not believe the testimony Of the
plaintiffs witnesses as to their employment by the
SoudFisk Ring to be strictly true yet there Is no
sase. because written orders either not given or
at present missing. The decision will result in at
least practical good II it opens the eyes Of commits
brokers to the risks they take in accepting verbal
orders IRON customers. More than Of them can
instance occasions where transactions repudated
by principals when stocks went the wrong way, and
stil likely to encounter the experience
In their role Of suppants for avors at the hands Of the
great Gambling act plcader Tie prevailing hrmncss
Of last evening faded away almost at the outset OF bus
Tho Samson OF the market shorn OF his
strength by the Dclilah OF uniavorabe news The
ocks OF the railways fell In to the working Of
he shears, and tho thinner hairs OF the less active
stocks were clipped and trimmed with most uncom-
Portable assiduity. All OF which means market
enectually snubbed by the long threatened railroad
war which has at last broken out into actual HOSTILE
ties.
have been made to be broken, and the results to
vested interests. will undoubtedly DO more serious
shan II u had been entered into. Nevertheless
slough judicious stockholders may grieve at the de-
probation Of their property the great public will
not mourn contest which will afford
cheaper conveyance for man and merchandise
Than has been offered for many day
While the entire system OF east and
west leading roads felt the effect Of tho Independent
struggle Tor business which seems imminent Lake
Shore and Michigan Central the greatest sufferers
Opening strong at 5SA, alter slight advance, Lake
Shore commenced to descend and SO continued until
hc price touched 56S at this point slight rally en-
sued which wound up the quotation at 56A and the
days business with It.
Transactions were vast in amount, great blocks OF
long stock being thrown overheard, while heavy sales
the short account made 10 depress the price,
Michigan Central equally unfortunate in Its
sarecr, and fell off from 5S to 56h, under unusually
extensive sales. The reasons prevailed for the
decline in this did in the other roads, but thcro Is
added to this an existing impression that truthful
showing Of tho condition OF the property would
10 far from satisfactory one Eric fol-
lowed suit In weakness, 1t did in
tvity, and embraced the extremes of Is and
l8h. Tho British Commissioners have been homo
long enough to give expression to their views,
but yet they make sign-at least publicly. Hold
begin think the third rail and coupon business
10 have been like the ''tao told by idiot, fu Of
sound and fury, signifying nothing"
The Western stocks called felt the pressure OF the
in lees degree and were comparatively neglected
inder tho superior attraction OF the spcculatves we
have referred to.
New Jersey Central again dropped of point or so
under the influences which have surrounded for the
last few days In fact there is a suspicion Of weak
the constitution Of oil i've OF the great anthra
n,e coal carriers which may possibly result in rup
ure OF the combination. Tho plan Of monopoly to
tecp up the price OF Goals 10 u fixed point when
manufacturing interests were in full BLAST and the
general public free buyers practicable enough, but
being found much more difficult that miles OF
furnaces out Of blast manufactures at q stand
still and the consumption Of the past mild wintcr
duced to restricted proportions
Western Union made prccipitate plunge at the very
opening selling off x per cent from last evenings
prces under the injunction granted 10 the Atlantic
and Pacific Company restraining the former from using
The duplex Improvement The stock rallied quickly,
however. under renewed purchases to shorts by
twenty third street, but when this ceased 1t grew
lcavy and sold down to 65x.
To close the account OF the day the market may be
described decidedly bearish, with lower prices all
through the list-a moderate Improvement taxing place
u the close
THE SALES TO-DAY.
The transactions in tho Stock Exchange to-day
aggregate 2ll, 900 shares
New York Central and Hudson, 1850; Eric, 1900;
Lake Shore, $500; Cleveland and Piltsburg. $40;
Northwestern, 10000; do preferred, 1900; Rock
Island 1882 Pacific Mail, 7,aoO; ST. Paul. H. 100; do
preferred 800; Ohios 6,450; Western Unon 44250;
Wabash, 400; Union Pacific, 7OO G.. G and c., LOCO;
Panama 100: Michigan Central IL 200: New Jersey
Central, 1850
OPENING HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and