The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-15
FINANCIAL AND COMMERCIAL.
Stocks Irregular Granger Securities the
Principal Feature Of the Day.
geld STEADY At n8 l-San8 IA a llS Is
Money and A Per Cent-FOreign Exchange
Quiet-GOyernmen and Express
Stocks Strong.
WALL STREET,


MONDAY. Feb. 14-6 =. NJ.
Capital is conceded to be plant of delicate growth
AID apt to be bnghted by the nippng and the eager
ifp of disturbed confidence. The stock market is
-arcely more hardy and is influenced by changes OF
ereathdf bright day. nine times ten, fcreshadows
lively trade and advancing prices; a rainy por
lnds dulncss and decline If by any chance the en-
ire population OF the world subjected at one and
the same time to a driving rain storm and biting
gale ofwnd it is doubtful II every mothers Of them
would take bearish view of things and be
generally down on his luck. But New York
stock brokers are not like the Of the
world, but akin to Mark Tapley, who looked
fightcst when things blacklist. Alter all, ex-
,ptons prove rules and OF these exceptions was
proved TO day when, under the influence Of dreary,
rainy northeastern stocks not only held their own, but
actually advanced to higher prices.
Whatever there was of doubt manifested itself in the
FIRST hour two when dealings held fire; but shortly
after there occurred surge upward of the whole list
which advanced "despite of wind and weather"
Old Bishop Berkeley showed himself a long headed
prelate when he announced the opinion that
westward the course of empire takes its way,
and the shrewd operators of the street showed equa
Scumcn when they sought the Western fances as the
most favorable speculation OF to-day. They may have
cot known enough, like His Grace put their
In rhyme but they astute enough to place their
money in what offered the best and speediest return
So the ST. Paul and Chicago and Northwestern
lies were the features of the market, they had
right to be under the circumstances. Referring the
header the detail Of prcesin another column de-
sire here remark the so-caed granger stocks
manifested from first to last a strength and activity
which showed faith in their value that the
ports from Washington TO the that the Supreme
Court had failed to render decision and might do
20 before May failed to check
The most noticeable rise was in st. Paul common,
The first recorded sales Of which at 42S and the
last As a. tho latter being but single fraction of the
best OF the day.
Almost the entire list participated in good feeling
engendered by the buoyancy of the stocks we have
commented upon, particularly Central and Hudson
(Which touched 1884, the highest point IN its history,
Rock Island, Michigan Central and American and
United States Express
There was an advance in the latter Of nearly 81
points, based upon dividends promised in the future of
eight per cent per annum, and highly profitable con-
tract with the Erie Railway Company.
Lake Shore, Pacific Mail Ohios and Western Union
were neglected and exhibited limited transactions
fractional fluctuations only
Toward the close there manifested some desire to
realize profits and prices affected by marked and
pcious weakness the part of Western Union,
quoted at three O'Clock something of from best
figures and with declining tendency. Western Union
which for time back has shown iu pretty good
form made rather poor work of in days running
and went under the string the finish among last
o. the lot The irrepressible "nigger the fence"
whom we have frequently alluded to as hanging about
nese premises and whom hoped had been exiled TO
Iberia school at Fisk College, suddenly put
n an appearance this afternoon.
Although dealers in the stock had an inkng that
omething had gone amss the street was bare of any
certain Information up TO the time that operators had
L for home We have the following from an author
alive SOURCE 1.-THE Atlantic and Pacific Telegraph
company viii give notice tomorrow Of their intention
reduce their rates for messages ffeen thirty per
cent TO all points reached by their lines This reduc-
non take place at once and is not intended as
lock johbing manGuvre bat Is 10 be the nxed perma-
mt policy OF the corporation"
They report their lines being in hrst class cond-
zion, and mean to give the public the benefit OF
cheaper tariff combined with satisfactory service
They have also made such arrangements as will give
hem tho complete control for number Of years of the
ncrcan District Telegraph Company in Philadelphia
no small advantage when It is considered that this
latter company will have sixty Offices in the Cen
tennial buildings and grounds alone.
For the willingness and desire to foster the wide
ppread demand for cheaper Geographic system the
Atlantic and Pacific Company deserve the thanks of
press and public alike.
SALES TO-DAY.
The transactions the Stock Exchange to-day
aggregated 1874 557 shares, which divided among
,ctive securities follows;-New York Central and
hudson O. $685. Erie 5000; Lake Shore, 24,35O Cleve-
and and Pittsburg 20O Northwestern, $500; do pre-
erred 6720; Rock Island, 1876; Pecinc Mail 1900;
. Paul, &c 200; do. preferred $780, Ohios, 6,0O0;
Iestern Union, $4,000; Wabash, 200; Union Pacific,
IS; Missouri Pacific, 1,6oO; Wells Fargo Express
175 American Express, 1875; United States Express
225 Kansas and Texas, 324O; Iron Mountain LOCO
OPENING. HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
vest prices Of the day