The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-05
FINANCIAL and COMMERCIAL.
The Stock Market Strong and Some
what More Active.
GOLD 113 A 112 7-8.
Money on Call Supplied at and Per Cent
Governments in Good Demand-lnvest-
ment Stocks Steady-Foreign
Exchange Quiet
WALL srRxEr.


TUESDAY, April 4-SP NJ
More spring weather to-day clouds in the morning
sunshine az nght-Stock Exchange clouds and sum-
shine. Nearly up to MONDAY the dreary duncss
the past week still continued, but after that time
spirit Of activity bcgottcn Of smart rise IN prices,
ruled in place Of previous lethargy. The prevailing
bearsh feeling which has grown stronger day by day,
had created very formidable short interest," while at
The same time il naturally offered an inviting opportu
nifty for sudden twist upward Of the whole specua-
tive list
The chance was readily appreciated by the great
leaders Of the market and quickly acted upon
The bali opened with Lake Shore which danced up
from 59k. At the commencement, to 81 Mt the close,
and tho spirit OF harty pcrmeacd the entire market
While II was "sanve gus p<ut" TO bears-who saw no
fun the thing-bulls were jubilan and as proud o.
their horns the force that attacked Jericho.
Tho turn in the market managed with infinite
kill and undoubtedly the result Of concerted
movement, planned with discretion and put IN force
At the right moment The magnetism Of radical
change in operations quickly observable in Western
Union (which from 6s< TO 6o in Michigan Central
and In the ST. Paul stocks As additional help this
last named security officially reported 10 have
rained some $4,000 for the last week in March over
The period Of last year, which had the effect OF
marking up the common stock from 39s1 to AK, and
The preferred from 65 to 81 though there was fall
ing or Of one-ha per cent in the latter at the close
Though the be the line OF beauty TO the eye OF
the artist the straight line finds favor with the strictly
moral discipnarian who sees no excellence IN
Irregularities, be they in the shape Of artistic forms
In conduct Of liie Thus the course Of Pacific Mai
to-day lat tho best sloose 1t' in stock market es
tmation) may have been regarded BY the moraist as
reprehensble in the extreme. Instead Of going down
this morning. 1t should with all dccency have done,
under the publication Of the damaging Panama circu-
lar started upward from 1874 to 1919, next fell OF to
iSK, and ultimately, under the bull spasm we have
spoken Of rallied to 10, at which It closed.
There was move upward in Western Union from
6Ss &c. but tho latter price did hold at the end
and the truce which have heretofore noticed
to be binding still
Erie, which, As . rule, keeps aloof from its fellow
stocks in any general movement, though 1t were
arst class leper in azar house, refused TO be inu
nced by the prevailing good feeling until the cable
nounced the arrival Of the English Commission at
Queenstown The news Of their arrival. with bag and
baggage third rail and coupon scheme inclusive),
frightened up the quotation, which had been 1oH At
the start, to 2oH at the finish.
or the coal stocks Central OF New Jersey, felt the
effect OF the unfavorable report published yesterday
and sold down point, while shares Of
The Consolidation Coal Company Of Maryland,
rate Of day two ago. This advance is
said TO be predicated upon the adjournment of the
Maryland Legislature for two years aud tho conse-
quent mpossbility OF any further legal interference
with their railroad tolls. The conversion FROM the
bear TO the bull side to-day II 1t had been spiritual in
stead of secular would have delighted the hearts OF
Moody 4 Sankey. Unfortunately the change was Of
the EARTH carhy-a matter Of dollars and conts
The fact remains nevertheless, that bullish feeling
has suddenly sprung up like cucumbers under fore
ing Frame which, however palatablc to-day, may
highly indigsstble TO morrow.
THE SALES TODAY.
The transactions at the Stock Exchange to-day ag-
gregated 1872 7s5 shares, which distributed among
active securities foliows:-New York Central
and Hudson, 300; Erie; 16,5oo Lake Shore, As, 100;
Northwestern, 2.100; do. preferred, 100; Rock
Island, $50; Pacific Mail, 1920; St Paul, 09O0
do preferred, 1850; 0hios. 1000; Western Union,
1880; Wabash, 6oo c. c. and ]. G.. 500; New Jersey
Central, 1916; Michigan Central, $500; Missouri Pa
rinc 1900; Union Mining, $500.
OPENING, HIGHEST AND LOWEST PRICES