The New York herald., 1876-10-18
FINANCIAL and COMMERCIAL.
The Stock Market Firm, with a Tendency TO
Higher Figures-Inyestment Sc.
cnrilieS Strong.
ADVANCE IN GOLD FROM 100 IA TO lO9 rs.
Money on Call Loans and Per Cent-Goy-
ernment and Railway Bonds Steady.
WALL STREET.
TUESDAY. Oct 17-6 T. NJ.


Tho portraiturc OF the political features OF Europe,
skcched by cable to-day closely resembles the traits
OF sgrim vsaged war that the markets. both OF bread
STUBS and nnanccs have felt its influence. However
many grains OF salt be necessary 10 aid the degu
ttion OF tho stories that flashed 10 these
Shores thcrc exists least The fact proven by the
decline In consos and rcntes that feeling OF uncasl
and apprehension prevails abroad. We
have voted, "by q largo majority" that the
poison of foreign embodiment needs must
be meat TO US here that in tho i'll wind to spring
up shall be the '.somebody" TO benefit by It, This
theory already shaping itself practically Gold has
risen 1895 to 1895 to-day Chicago tcegraphs
material advance in wheat, and railroad shares, par
tcularly those of the great trunk lines and produce
carriers, are buoyant and higher.
The Western farmers, who refuse to take leaf out
of last years book, which taught them tho folly OF
holding back their crops until foreign markets
closed against them, may, through more tuck
Than judgment. be right in repeating the
course now though tho glut in the
London granaries and a prico barely steady
IN face OF rumors or wars" scarcely offer induce
mcnt for present shipment There is doubt how
ever, that ana grain pouring into the great
Western entreDdts in unprecedented volume, and
material advance in the shares Of roads Will
be called upon purposes of transport should be the
legitimate result
However much the present strength Of the popular
railroads may be due TO sheer manipulation It Is
probable that part OF at least may be attributable
TO the above causes and have helped tho buoyancy
which marked to-day's business Lake Shore,
Central and Hudson and the Western roads all
showed an improvement of from y to per cent,
which in instances they carried 10 tho end. Tho
st. Paul higher the statement that tho
receipts for the current week better than for tho
M imc ast year fac DO
anything but sugar coated pin to the directors, who
are stated 10 be largely short of the property.
In contraGistincton 10 the buoynncy OF the rail-
roads, rur SIMPLE the weakness OF those hybrid
arrangemen,s-part miners part carrers--thc coal
companies Delaware and Lackawanna sold down
from u to 12, and New Jersey Central from 371a to
B5, the latest quotations showing Improvement OF =
10 per at the finish In spite Of the scarfying
they received bears prowl around these stocks
they wont 10 do about tree when honey is
concerned and have already forgotten the stings OF
those busy bees that punished them before All day
long has been attempt to place sellers options
at thirty days, within per cent OF the market in
New Jersey Central, whilo the demand for Delaware
and Lackawanna for delivery more urgent than
for somo time back Shares OF this latter stock COM
manded from Il to i bonus in the loan market, and
for such bought in under the rulo
premium Of u and 81 per cent
paid to insure cash deliveries. Tho limited
amount settled for u r. is evidence that brokers
have last discovered the folly OF having to
90 unnecessary and clumsy system. Thcro were
doubtcdly many dcfaultcrs in deliveries to-day
ihere havc been heretofore but the damages
quietly assessed aud paid by tho parties in interest
without exciting . hulabaloo by an appeal to tho
Yostrum.
Railroad bonds have been firm, with small transac-
sons and but little OF the money offered at per cent
on call the close found loigment in his class OF
Investments
TO-DAY.
Tho transactions Mt the Stock Exchange to-day ag-
eregated 113 200 shares New York Central and Hud-
son. 495; Erie 4s00 Lake Shore, s., 800; Cleveland
and Pttsburg 215; Northwestern, 200; do preferred
1900; Rock Island, 4o0 Pacific Mail, $500; ST. Paul,
g. 45O do preferred H. 5OO ohos, 700; Western Unlon
1850; Wabash, 1850; Delaware, Lnckawanna and
Western 16, 72o; New Jersey Central, lo,75o; Mich
gan Central ~ 200.
OPENING, HIGHEST AND LOWEST PRICES.
Tho following table shows the opening. highest and