The New York herald., 1876-01-26
FINANCIAL AND COMMERCIAL.
Stocks Irregular, but EX-
ceptionally Firm.
GOLD 113 Is A 113.
Investme mt Securities and Government Bonds
StrOng-MOney on Call 5, 6 and A Per
Cent-FOreign Exchange Steady.
WALL STREET, !
TUESDAY, Jan, 25-6 p. NJ (

L. A.
The early hours Of board business this morning were
tIul OF sound and fury signyng nothing, however,
as regarded any remarkable change in prices. Even
Lake Shore that exerted its old sway the market
limited in its eccontrclties half per cent swing
either way, from the highest to the lowest point Any
one-horse homicide would exhibit trial for murder
more erratc departure from a sound mental condi-
ton than did the stock market from its arthmetical
This true not only OF the favorite but of
almost every other active stock upon the list Erie
alone excepted which advanced and closed nearly
per cent above opening prices.
This can only be accounted for the theory OF the
general contrariness of things which this
left good securities dull and inactive and pushed Of
the most worthless OF the peg higher in the scale.
1t is true quotations better from London to
day. which had something probably TO do with the
advance, and they will undoubtedly, como higher sl
tomorrow, and the old between the two
matkets will be established much TO the satisfaction
and profit OF the Teutonic element which, If it ignores
the synagogue at least finds 'litte heaven below" in
its favorte Erie. Like all other fances on the stock
list Erie has to be whipped and spurred into activity
otherwise both Jew and Gentle would find arid
field indeed Consequently and again it is stirred
into life and made to produce crop more less
'munerative. Sometimes, as to-day, the Twentythrd
street the husbandmen aud sometimes it is
whooped up to the tune OF "Billy Barlow oh rackey
>ohlu
Although the market was steady and strong as
whole before midday Lake Shore proved an exception
and showed decided signs Of weakness selling down
from 67h to 81. at which figure the decline
stopped OF course the sellers OF day were the buy
OF yesterday, and they exhibited considerable
laton trying foist their white elephant (which
they neither support themselves sell to
appreciative publc) upon other hands There did not
appear to be, however, redundancy OF Barnums
anxious for bargain, they were obliged to walk
their iusus naturG back into its stable again. In
plain English, finding the price fading away from them,
the Gouldosborn- Mills combination Of showmen were
obliged bid the market up again to the figures they
started FROM though they later made another attempt
20 unload with indifferent success.
There is but little chance of the bull party in the
market getting rid Of their load for time TO come,
for have repeatedly said much TO the disgust Of
some of our contemporaries) there is no popular de-
mand for fancy stocks and speculation confined to
the four walls OF the Stock Exchange The process
be pursued will probably be the we'll known one of
keeping the market active at advancing prices thus
famiarizng dealers with higher range of figures, in
the hope of ultimately drbblng out their holdings to
the conhding outsiders.
Up to the hour Of closing there nothing over the
wires, either from London Washington, likely to
aneCt Tue maTket, dltuOuSn l-ou tuo iOEhei VIC hau
the information OF probable reduction OF the Bank Of
England rate Thursday.
THE TOTAL TRANSACTIONS
of tho day aggregated 1872 700 shares, which were
distributed among the active stocks follows
Western Union, 1e,4oo Pacific Mail, 1900; Erie,
81, 200; Lake Shore, 34,sOO Northwest, 1,6Oo pre-
terred, 1900; Rock Island, sO0 ST. Paul. 500; pre-
ferred 5oo Michigan Central 500; Union Pacific, 900;
Central and Hudson, 600; New Jersey Central, 400
Wabash, 25Oo Ohio and Mississippi, 10000; Atlantic
and Pacific Telegraph, 2 ZOO; Panama, 200; Illinois
Central ], 100; Delaware, Lackawanna and Western,
BOO; Pacific OF Missouri soO Hannibal and St Joseph,
700 preferred 1900 and Atlantic and Pacific preferred
BOO
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and
fovveet nricas nf tho dav