The New York herald., 1876-10-31
FINANCIAL and COMMERCIAL.
The Stock Market Unsteady-PriceS
Alternately Weak and Strong.
GOLD STEADY AT 100 3-4.
Government and Railway Bonds Strong
Money on Call Loans . and , Per Cent.
WALL STREET,


We're Garter King Arms summoned TO devise ar
mortal bearings Tor tho Stock Exchange, no would
sketch bull and bear couchant regardant vacant in
expression and with visagcs full OF doubt In fact
they resemble the lend men" OF minstrel troupe,
proposing receiving conuudrums as 10 the future
OF the market and giving up the riddles IN urn
Even tho Twenty third street party, which, IKE
Jobs horse keen Al smelling baitie
afar on, fail scent coming tray between
she armies of stock gamblers, and remain as II were
uttered down the OF idieness until something
shall up call them into action. Accordingly
the market rs nearly lett the sway OF the bulls who
In POSSESSION Of EN- domain endcavor TO SWING
prices 70 suit their ends Apparently these ends
are Il tho moment shaped by spirit Of realization
under The old modus operdndi OF infusrg all the
strength possible into the market that favorable re-
porls apparently active demand viii furnish ana
then seizng the occasion to unload with all aiacrty.
Al least this was the procedure with the iavorite
stocks to-day.
The carly business showed further development OF
the budding strength OF Saturday afternoon, partcu
larry in the coal stocks, which improved per cent In
Delaware and Lackawanna and 4 in New Jersey Gen.
traL modicum OF this attributable to the be-
lief that stopping In the mining regions, by
tracing the supply would enhance the price of the
amount on hand, but chiefly TO the fact that
large number OF shares loaned for delivery had
been peremptorily .'callcd in" Tho imme-
date result a hardening OF the borrow
ing rates, forced recourse to purchases
OF cash stock and advance in quotations as noted.
This process being confined strictly to yachting circles
she celebrity with which each member OF the fraternity
ssailed In" for the requirement of stock and haven
produced quite an interesting indoor regatta II
marked, however, that against the cash stock thus
bought there disposition to renew the contracts
IN Mt I nj frOm ct
proving tha, port Of refuge only had been sought
and that the intention remained OF getting again
at the earliest moment.
Next TO tho coal stocks Lake Shore Western Union
and Michigan Central had the most vitality and tho
tendency decidedly upward, ever Wabash and
Erie participating IN tho good feeling and showing
fractional Increase TO their nlnitesimal values Whom
near the end OF the day. however, tho strength sud-
denly failed, and the market was left like Samson
under tho shears OF Dclilah. Lake Shore
fell to 6l, Delaware and Lackawnnna to 74's,
New Jersey Central 10 36A and Western Union
20 72sl Tho why aud tho wherefore hardly
apparent but 1t was probably due in great measure
60 doubt whether the railroad meeting, expected 10
take place to- morrow Will effect anything favorable
SITTER all In fact, II report speaks truth hitch has
already occurred in tho shape OF claim on the pnrt OF
The Baltimore and Ohio and Grand Trunk Of Canada
roads that shall be made their favor
of2h cents a bushe grain. THIS the Central and
Hudson road II 10 sad positively refuse to agrec TO,
and as their rather important element in
the problem 10 homcy expression, the fat ia
likely to get In tho fire after all
whether II be from the above reason, or from some
other moro obscuxe II is that the market closed
at lower prices and with a decidedly weak feeling.
sALEs
Tho transactions the Stock Exchange day nggrc
gated 1856 452 sharcs-New York Central and Hudson,
$780, Erie, g. .100 Lake shore, 37,s2e; Cleveland and
Pittsburg. 1l2; Northwestern, 700; do. preferred,
1000; Rock Island 100; Pacific Mal 6,5o0; ST. Paul,
$500; do preferred 1o6io; Western Union, 81, 800;
Wabash 1925; Union Pacific, 10; C., c. and !.
c. 100; Delaware Lackawanna and Western, 20, 40;
New Jersey Central 14,s25; Michigan Central, 6, l5o;
Delaware and Hudson Canal. ], l4o
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows tho opening highest and
L. 4=.x4ca Of he n a