The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-08
The Stock Market Quiet
and Steady.
GOLD 1O5 1-s A 1o5 IA.
Investment Securities Gen
orally Firm.
Money Easy on Call at 2 8
Per Cent.
WALL STREET,

WEDNESDAY,, March TIP n.
In point Of duration q movement In stocks may be
compared to what is ordinarily known 'spell" Of
weather. and which Is popularity supposed TO be en-
oraced within tho compass Of three days. To-day,
being the third Of the series, was time to expect
toning down OF activity as well as OF strength, and
watchful bears who take sights the market and
work out speculative ATTITUDES and longudes with the
dexterity OF first class navigator gratAed late
In the afternoon by array Of figures that expressed
lower prices right through the list Earlier In tho day
the laugh had been first side OF the mouth and
then on the other, In keeping with the course Of the
market as It wavered between better and worse. being
everything by starts and nothing long" At the very
opening the tendency decidedly upward, Delaware
and Hudson being regarded a test case which
would give the the OF the list and In this
instance II did by smartly leading the way. SO far
the application for receiver has rather improved the
security than otherwise, since tho complaint is re-
garded 10 be as 'sthn" as the complainant himself,
and since the Judge appears TO have carried off the
pcrs with wink in his eye suggestive OF an adverse
nod TO the rash petitioner. There no lasting
qualities in the rise, however and the market was soon
the down grade to be followed in turn by another
rally and subsequent decline, which landed prices at
lower level than at the opening Western Union had
something to do with this, the eternal mystery which
hangs around the stock attaching to-day to the monthly
meeting Of the Executive Committee II not be
ascertained whether this meeting had been
held or NOT and 1t not until nearly
the close OF the session that 1t was dcn-
nitely stated that the committee had met
and adjourned without recommending the expected
~ per cent quarterly dividend There appears to be
question that the requisite funds have earned
and If no action were taken, represented, 1t is prob
ably because sharp contest is apprehended with the
rival company, and 1t is thought wiser to keep the
snews Of in the treasurer's strong box than to
divide them up between stockholders pockets The
publication OF the Union Pacific Railroads. report for
1875 was made DOR carrying the price up
from II a to 72. from which it foil back TO II The
'tra OF the serpent' is distinctly marked in the
variations Of this iancy that 1t rather q warning
against than Invitation NEEDLE with the stock at
ALL The gold room advanced to 1861, partly due to
covering of shorts partly to heavy transactions
the AZ per and partly the action In tho
Senate, whereby the happiness OF President Hayes
political family Is threatened with disturbance.
TIKI SALES TO-DAY.
The sales Of active stocks to-day aggregated 1856
shares, which distributed as lollows:-New York
Central 0340; Erie S0O Lake Shore, 80, 100; Ceve.
land and Pittsburg, 1907 Northwestern, 1000; do.
preferred, $500; Rock Island, 1876; Pacific Mail,
5000; st. Paul preferred, 1885, Ohios, 1900; Western
Union, 3o,55O; Union Pacific, 1900; Panama, l. 100;
Delaware. Lackawanna and Western. 1891; New
Jersey Central 5000; Michigan Central 1920; DcIa-
Telegraph, 1900.
OPENING, HIGHEST LOWEST.
The following table shows the opening highest and