The New York herald., 1878-03-14
The Stock Market Active
and Strong.
GOLD 100 7-8 A 1O1 1-8 A 1O1
Government Bonds Firm, States Dull
and Railroads Higher.
Money on Call Easy at 4 a 1-2 a
8 Per Cent.
WALL STREET,
WEDNESDAY. March 1876 p. NJ.

WEDNESDAY. HarCh l3-o r. NJ.
No ancient Egyptian ever possessed OF 6ner
for the savory contents OF his native ncshpots
than is the modern broker Tor the profits Of stock
|oboing transaction. Growing desperate from much
lasting the average operator found tho tempting
morsel profFcred through the advance prices too
slIuring for resistance and has proceeded 20 secure
tho same In practical way. In short, he has chosen
10 bag present profits rather than run the chance OF
greater but uncertain gaius Ia the future. In the
character OF pot hunter who knows the worth OF
'bird iu the hand' our specuator is probably rsht;
IS anancer aud supporter Of stock values no un
puestIonably wrong II has been SO proven today,
by the TACT that under tho rush TO realize prohts tho
market considerably depressed, both in prices
aud enthusiasm Tho truth is that the rcd flag
hung out early tins morning, and the chef nstigaors
bull devoted the day to tho disposal
OF their stocks "in lots to purch IL did
quite well suit their hangcrs-on, however who
bave been more or less lett in the doubt as TO whether
the decline is TO be taken end to the bull move
n.ent simply hiatus in the road TO higher
prices. Whatever may DO the uncertainty upon this
point there DO in respect to extent OF bust
pess which, measured by the aggregate OF transac-
tons, exceeds any single day Of the year The mar
ket opened with great slrenath and advanced until
near midday, when the pressure to realize profits
turned and prices sagged OFF until closing
highest ones. There nothing the
condition Of affairs to influence tho market
uniavorably, the only matter from abroad
Of Importance being the official proclamation
Of the opening of The Black Sea IA TACT already
knownN and nero at home the ana0u ncement of "a
per cent quarterly dividend by thu Western Union
Company The company present a report OF Their
business for the last three months which is rather
sketch Of casn items than statement Of their condi-
ton. The surplus upon January l. 1875 alter paying
bxsd charges for Tho preceding quarter $685. 1893 3d.
which be added The profits for the
quarter ending March 3l-partly Official ana partly
cstimated-oi S7l2,475 03. Doductlng from tho addi-
ton of these the fixed charges Tor the
rent quarter, also dividend oi "a per cent ana
there remaining surplus Of $780, TAB o. or rather
will be, Tue estimate for tue March docs NOT,
as usually happens, exceed the TACT Nothing is said
about the debt oi the company permanent or floating,
and nothing about the gain loss that resulted
from the Atlantic Pacific attachment. II Is tho
sort of account that pater tanitiasln receipt OF q
fxod salary-satishes himself wth when his rent and
the Gus accounts of butcher and baker and candle
slicK maker do not exceed the income. The other
outlying expenses which be chung up' with his
tailor, haberdasher and club are not worth noting and
DO Lett TO stand until convenient sea-
son. Generally the lowest prices OF the day were
made at the close, though tho TACT was rather tho
snoct OF desire to realize profits than to bear the
market by short sales.
OPENING PRICES.
The opening prices of stocks to-day were fol-
lows:-New York Central, 1919; Erie, IL; do. pre-
ferrea, 23L; Lake Shore. 635s Wabash, 1914; North
western, 405S do preferred, 6SS Rock Island, 1919
Milwaukee and ST. Paul. 391s; do. preferred, 72l.;
Pttsburg, II; Delaware Lackawanna and Western,
tS,s; New Jersey Central 15h; Delaware and Hudson
Canal, 4Sh; Morris and Essex 76>a; Michigan Gen.
tral, ga; Illinois Central, TAX; Cncigo, Burlington
and Quincy, 10lh Hannibal aud ST. Joseph preferred
%; Ohio and MISSISSIPPI, So; Western UnIon sos
Atlantic ana Pacific Telegraph, 20; Pacific Ma 21l..
CLOSING QUOTATIONS..