The New York herald., 1877-03-06
FINANCIAL and COMMERCIAL.
The Stock Market Dull, with IT.
regular Prices.
A FLUTTER IN PACIFIC MAIL.
Investment Securities
Active.
GOLD lO4 5-S A los A lO4 81 A 1D4 rs.
Money on Call Easy at 2 8
Per Cent.
A FLUTTER IN PACIFIC NAH.
GOLD lOi 5-S A los A lO4 81 A lO4 rs.
WALL srnKwr, /

L
MONDAY, March 5--6P N.
A. the Stock Exchange the now law authorizing
ducon from the old rate Of COMMISSIONS In forcc
to-day. Following the example OF certain Board mcm-
who. pscatorlaliy inclined. are accustomed 10
cast their lines IN pleasant Eastern waters, the Gov
erning Committee nave undertaken 10 "chum" tho
stock market with the bait Of reasonable charges.
The 6rst' days experiment has not been success.
No, that the oil speculation lacks good nsh as
ever swan, that these attracted to the ykcs
and si nets the Open Board. but that Tor the
day, least they suprcmey indifferent to all nvl-
tations OF hook bob and sinker. For somo roasoh
other II has been poor day for biting and commis-
brokers who, cxpcc,ant Of good catch, provided
themselves with crec Of unusual capacity 10 the shape
OF fresh note books have gone homo disappointed.
II Oy means follows, however. that
because to-day has been comparatively
..blank" one, tnat those should be equally SO,
but rather that fair trial tho judclous policy OF
substituting lust moderate rates OF commissions
for the hitherto prohbUry ones wili ncc with sub
santia recognition. Shrinking the above into Addi-
sonian tcrscncss, note the day us beng unusually
dull and fluctuations inc0nsucrabla THIS WAS pnr-
ticularly tho with tho ordinarily active stocks,
such Lake shore. Western Union ahd Michigan
Ccntral three quarter pcr cont dnerencca tldns over
the spaces between high ana low water. Some tispo-
siton shown tho afternoon 10 dispose Of Lake
Shore on seller 10 options, al concession of y pos
regular price, Jay Gouids broker acting ~
exccutioner, scarecrow, Is not known which To
tho surprise Of the shorts, Western Union In
demand sior purposes of delivery. a. rates
Which commanded l-6s to lS2 per dav foe
use OF stock. Despite tho apparent supply
of seller sixties Gould's account during
tho last few days tho price has stubbornly re-
sisted fall and it is not 'mprobabc that the regular
stock bought the time may be now held on ihs
market with The intention Of punching the price
ward through scarcity OF oanabIe shares aud thus
forming point Iappmi Tor nftrallense OF the cash
article when the proper time comes Like tieatricA
attraction which two long the boards, the
coal stocks are for the being played OUT transsc
tions being reduced to a lew thousand shares and duo
tuations limited less than per cent. Should any
thing startling be developed from the suit which was "a
be argued to-day tho matter OF receiver tor Della
ware aud Hudson may look Tor "a revival Of spec
uativo excitement anu for large audiences as sver
The dropping of the subsidy clause IN behalf oi
Pacific Mail from the Post Onlcc appropriation IN
| Congress invited bear raid upon the stock
which hore down the price from "a TO 2l. II turned
out to be, however almost as much Of a miscarriage
subsidy tself for the ngures were doctored ~
again 70 22N, and LETT with fair hopes of recovery
For sod respectable and dividend paying security,
Burlington and Quincy has been dragged out OF ia
retirement and madc pay the penalty Of living in
| bad neighborhood Tho projected coalition between
the Union Pacific and the Rock Island and Northwest
ern Is looked upon ms iniuriously affecting the
fortunes OF this property. and shown by do
c,nc in price 1O4 to 1Ol though later on It recov.
cred to lO2 only fall or again to 10l and thcn close
| A report OF tho company embracing the last years
business and sail to DO highly satisfactory has just
been issued and commend II to tho attention Of
| Interested parties. Tomorrow the annual meeting
| for directors of the ST. Louis aud Iron Noun
tau Railroad Company will he held In tho uforcpamed
CITY and Is likely givc lively contest
Tho old Marquand party. as ''ins," desire to 70
main So while the Barings, "outs, would like to
| change places with thcm. voting power OF 300
shares-wnch they go, will decide tho section--s
claimed by both parties, and effort being made
IN tho shane OF moral and regal injunction 10
capture the prizo. The granger stocks were exceed-
ipuly quiet oven tho rumor of falling on Of over
$40 900 in the 81 Paul receipts for The last week In
February failing this stock from its cthargy.
rnE sALEs TO-DAY.
| The transactions at tho stock Exchange to-day
aggregated lo4 s3s shares, which distributed
| folows:-Ncw York Central 6,s7o; Erie, 500; Lake
shore, 27,920; Northwestern. 60o do. preferred,
q 200: Rock island, 47GO; Pacific Mail, 1880; Nil.
waukec and ST. Pin, 22o do. preferred, S75; Ohios,
suo: Western Union, 44,l25 Wabash. l0O Union
Pacific. 2l20; Delaware, Lackawanna and Western.
A. $50: New Jersey Central, 5s40; Michigan Central,
a TOO: Delaware and Hudson Canal 245o; Burlington
and Quincy, 1892.
| OPENING, LowKsr
| nj th~ nj asA