The New York herald., 1876-01-28
FINANCIAL AND COMMERCIAL.
Stocks Exceptionally Firm-Wcstern Sfcuri-
ties on the Rampage Reduction in the
English Bank Rate 10 Per Cent.
GOLD 112 rs A 113.
Money ON Call and Per Cent-Foreign Ex-
change Firm Government Bonds Strong
Investment Securities in Fair Demand.
WALL srREEr,
rurnsnAr. Ian 21Ha p NJ

THURSDAY, Jan. III 4. N.
Paganni gained great portion OF his popularity by
his novel Instrumentation OF the Carnival OF Venice"
played as it was upon single string. 1t may be
Questioned however if he did grow sick Of its
ending repetition despite the which brought
him. The money writer who, by the nature OF events
has been compelled for weeks past 10 harp upon Lake
Shore as the one-stringed instrument Of the market
may be pardoned he finds constant recurrence OF
the same old tune equally monotonous. To-day, how
ever, there has been relief, for there de-
cided transfer Of interest Of the favor
ite fiddle to the harmony Of full orchestra
In a comparative view Lake Shore neglected.
while popular attention was directed to the ST. Paul
and Northwestern shares, which exhibited anirna-
Ion and hrmness that they have long been strangers
20. 1t early manifest that something brewing
by the appearance in Northwest or the Gould brokers'
and the room, taking the cue, quickly followed in the
wake OF the chief operators.
Almost all the small traders took hand in the game,
hoping that the cards would turn up good Ones ana
TO the close of business be confessed, that al
most every one seemed have succeeded in drawing
to pair.
AS usual in brokers market, it matters little for
teasons Why traders for fractions simply ask that
power should be exercised to start the machine,
and they themselves are capable of keeping 1t going
The word is--ptcn in early get outsoon and may the
There was no need of promising favorable decisions
in the way OF granger litigation of limiting at pros
pectve dividends; it quite enough that the stock
jobbng Samson making display Of his thews and
sinews and forthwith crowd Of mItators rushed in
intent upon trial OF their puny bceps.
There awful warning, however, attached to the
story OF the strong man Of the Bible, who we know
came to grief a weak and under reprehensi-
ole circumstances, and the strong OF the street
may yet with his Delilah Of disaster armed with
the shears Of panic.
The effect of this new born in the Western
fancies noticeable the preferred sorts, and
had the Of advancing Northwest preferred good
three points, and ST Paul preferred nearly the
amount, from the opening prices.
The common varieties followed less rapidly, but
with great strength limited TRANSACTIONS and
all descriptions closed up firm. with appearance Of
q further rise tomorrow.
With the exception Of the above the remainder OF
the market showed but little animation prices being
we'll sustained and at the ins OF business ruling gen.
orally the best rates Of the day Erie however,
baIky and seemed TO have lost all the spirit which
characterized it yesterday II but wcedy brute at
best with hard mouth and broken knees and is safe
TO throw any rider over head that ventures mount
Il is t only for the knacKers yard Of the bankruptcy
court and the it gets there the better.
There nothing OF any from Washington
to-day affecting the currency resumption ques
tions though several bills examined in commit
tee and is stated that the Committee of Ways and
Means will shortly consider a bill providing for the
carrying the Redemption bill passed winter
Il quite possible that the stock market in the
future will be sensibly affected by the different opin
tons and treatment OF disagreeng Congressional
rency doctors
TIE TOTAL TRANSACTIONS
OF the day aggregated 1o 600 shares, which dis
tributed among the active stocks as follows:western
Union, 400; Pacific Mall, 24OOi Erie, $500; Lake
Shore, 5000; Michigan Central LOO; Northwestern
e23Oo do. preferred IL 700; 81 Paul. 143oo; do pre-.
cerred, 5000; Rock Island l3o0 Ohio and Mississippi
g 900; c., G. and l. c., LOO; New York Central aud
Hudson River, 800; Atlantic and Pacific Telegraph
eOO Harlem, 200; Union Pacific 200; Illinois Central
600 New Jersey Central, 200; Delaware, Lackawanna
and Western, 500; Wabash, 1900; Hannibal and ST.
Joseph 900; do preferred, 1sOO; Atlantic and Pacific
preferred l, 100; Pacific OF Missouri 600 and Panama
200
OPENING HIGHEST LOWEST PRICES