The New York herald., 1876-02-09
FINANCIAL AND COMMERCIAL.
Stocks Erratic and Lower
Outsiders at Fault.
GOLD STEADY AT ll3 A III rs.
Money on Call Easy at Per Cent-ln-
vestment Securities StrOng-GOvern-
ments Steady-Railway News.
WALL STREET. L

WALL STREET,
TUESDAY Feb. Sd +. M
Punch's advice to the young man about TO marry Is
ours to those who contemplate ayer in tho marKe'-
''Don't" And these the reasons struggle pe-
twcen the two parties is always dangerous position
Tor nterposing outsider and even though the prh
,ipals come OF scot iree the interoper is apt to be
hurt Thetheory of tho breach between Gould ana ms
brokers. which we published day or two since as
natter OF story appears light Of todays events
10 be an actual fact The Osborn Robinson Mills COM
binaton Is In panopy arrayed against the knight oil
Black Friday . The latter, similar to one or the old
heroes sored In Frossarts 'Chronicles has entered
he lists like the aterativc "Austrian army, awully
lrrayed prepared to tilt against all comers
The combinations panoply is composed OF Lake
Shore Western Union, Ohios and the Western stocks
rhe Black knight, like the Blue Briton, appears in
ssparis nataralibus" or the naked TRUTH Tor he IS
short Of the very armor that protects his foes. He
has however, the offensive weapons of wealth, daring
and unscrdpuous rapacty and he we'll knows how to
use them The first jous of the tournament has come
of to-day and though lances split and riders
horsed the issue remains doubtful Though at the
close the Black Knight was having the best OF the
fray his opponents were far from being conquered.
This is the verdict rendered by the price list which
herald in the ournay and his decision cannot
be gainsaid.
AT the opening of business the tide which rising
30 rapidly the close yesterday rpped up INTO still
higher figures, but speedily began to ebb with the
growing hours For while dulness was the rule,
although IL apparent by the ievcrsh fluctuations
that two powers we're at work in the market-one for
a rise and the other for fall. There was complete
deadlock at times, as when two wrestlers struggle
together, almost motioness yet with every muscle in
pay-each unable TO throw the other.
About two O'Clock the Osborn Robinson Mills com
bnation began to lose its grip of the market and
thence on the closing hour values quoted by
gradually diminishing figures until the gang brought
them to full stop at prices from one-ha to one per
lower than the termination yesterday afternoon
The fight confined almost exclusively TO those
stocks which have before spoken of and the decline
was limited TO them in the same degree The Western
shares like the guard in engage
nent, were out of the fight and suffered
little or damage In fact they were the
strongest feature in the market particularly ST. Paul
common and preferred These latter were in active
demand under thc.report set going, for the twentieth
time, that the IA per dividend the preferred
shares was on this occasion 10 be thing. Ma
nlpulators terrified the short sleeps many times
with this dividend wolf that when he does down
the fold there is not likely to be left single mutton
to be gobbled.
There was another scntllation in Central and Hud-
SON to-day and for a time the fire flew briskly
Mr.. Gould, or rather his new brokers, made
effort to short contracts; but it is no easy
thing to accumulate without rushing the market
up on very small purchases, and this the to-
day The price 1l4A, the highest in the his
tory ofthe consolidation, and II the effort TO buy in
shorts and the popular belief in future ten per
dividends continue prevail there is reason why
several points more should added the present
price.
Ohios off per cent from yesterdays best
prices and at the same time there considerable
eagerness SELL which the Twenty-third party
with their usual aiabiity, when the bear feeling is
prominent, helped to the best of their ability.
The Consolidated Coal Company out with report
Of their business for the past year. the salient point of
which is that they have earned 1852 1870 IL free from
call expenses, interest," sinking fund and dividend F"
Mr. Allan Campbell will be the candidate reelection
TO the presidency at the next meeting, and though
some stockholders think he cannot do justice to the
Commission OF Public Works and to the coal company
the time, he begs to differ and points TO the
figures OF the report as an argumentum ad hominen.
Winding up the summary of to-days doIngs 1t seems
10 be clear that the stock market Is reduced TO
10 the knife with Gould and his former brokers. II
outsiders elect TO join in the meee they will do at
heir own risk and should not complain II they suner
blows from both parties. If the market
sentient animated being it would probably excaim in
warning tones, "Noti tdnOere" As the merest
bucolic broker knows Latin enough to understand the
phrase we abstain from translation and merely ex-
claim that 'These our sentiments"
THE oPKSIxG. HIGHEST AND LOWEST PRICES.
The following table shows the opening highest and
lowest prices OF the day.