The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-12
FINANCIAL AND COMMERCIAL.
Stocks Irregular, Small Operators in Doubt,
and the General Market Heavy.
GOLD STEADY AT 113.
Government Bonds Quiet Investment Securi-
ties Without Feature, and Money
Easy at and Per Cent
WALL STREET,

FRIDAY, Feb lie NJ
The stock market to-day for the sake of simile was
as much like Third avenue carly trip down
town anything liken it TO. One seat
damned with bears, the other seat damned with bulls
and the doubling hung to the straps in the
middle Thai to say, the bull and bear interest
about equally divided to opinion of the Market
while crowd of petty dealers halted between two
opinions and, without rhyme reason, ready to
drop the first Offering But the bulls
and settled for the whole trip and the strap
psts swayed to aud fro, with chance to better
their condition, and the journey finished as It had
commenced.
So did the stock market and there was never a
chance for outsider TO gain dollar and above
lawful commissions paid Traders who had to pay this
toll found general rule, that brokers were plus
iher commission, while they were minus correspond
ing loss There not eighth each way to spare,
with anything to the good left to the operator. In
word, except to regular Board members who pay
commission, there no chance of gain to the out
sider The course of the market confined to a
fractional nuctuation, and the interest in the
auced to quite narrow bounds.
Opening strong under the impulse OF last nights
arm quotations the list first showed every evidence
Of upward turn, but the strength apparently
,pasmodc for prices began hesitate and then
20 droop under considerable realizations.
Afterward the necessity Of putting his
shoulder the wheel became apparent ard the power
applied accordingly with the result of restoring the
cheerful feeling OF the morning and closing up the
market about the opening and best prices the day
Northwest common and preferred showed the most
decided advance and continued it steadily TO the
end while its side partner Paul. il 1t salts
fed with the rise Of the past few days, gracefully
yielded the pas and contented to hold its at
drm and steady prices to the end.
Among the other speculative shares Pacific Mail
exhibited the only noticeable change which, though
fractional, pointed to higher figures The prominent
stocks which, by vote Of investors, remov ed
from the usual speculative lists, have manifested
marked decline both shares bonds these few
days. which has excited remark 1t is probable that
this weakness arises from the that the we'll
combination association Of the anthracite coal
panies is now in convention the city OF Philadelphia
The five powerful corporations which constitute this
congress have met together to lay out a
programme for the next season, which is COM
passed by the opening and close of navigation for
the year 1876 They have been obliged TO recognize
the falling OF their trade in the matter Of iron fur
naces out OF blast and mills and manufactures closed
and they are insensble to the growing competition
of the bituminous coal fields OF Pennsylvania Real
izing condition of things these gentlemen, repre-
sentatiyes of the companies, putting their long
heads together the impression prevails that for the
coming six months 'black diamonds will be pur-
chasabo least 20 per cent below contract prices OF
last year
Beyond this little stir in coal matters nothing has
occurred to-day TO invite special comment and Stock
Exchange matters may be dismissed with the general
remark that the market closed strong and with gen
orally confident feeling.
OPENING, HIGHEST LOWEST
The following table shows the opening highest and