The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-01-05
FINANCIAL AND COMMERCIAL.
Stocks Irregular and at the
Close Weak.
GOLD III SIS A ll2 ga A I'D SIS.
Honey on Call Loans Firm at 7, GOld-Railway
and Government Bonds Firm.
WALL STREET.
-. a ID NJ


There was shaking up OF dry bones to-day to de-
gree that at one time threatened general resurrection
of business The drowsiness Of yesterdays traffic
gave way TO feeling Of animation and life. Something
was at work 10 excite the ndoent understanding
10 rouse activity the financial system, heretofore
ns frresponsive 10 the treatment money doctors
is the liver Of East Indian to the persuasive innu
ence OF blue Our old acquaintance, Lake Shore
which in its time has purged many friend and foe,
proved itself to be the blue pill of the day and the gen.
eral market benefited by the medicine There was
decidedly activity manifested to-day and more
real strength exhibited than characterized the
market for time past Lake Shore was of course,
the observed OF all observers and rightly So for
actions were unusually large and quite ecpsed any
other OF the favorites.
The opening price OF COZ was quickly advanced to
higher quotations. and better figures slowly but
surely made during the entire day, the closing ones
showing fully per cent profit to the fortunate
buyers yesterday evenings prices. There not
even a check or drawback to this advance-every-
thing lively and eiepatus. OF course
there for this strength, and
the supporters Of the stock gave them out
free--grdtis-for nothing Whether the gift to those
who acted upon the donation be valuable one
no depends upon circumstances Stock brokers as
rule are timorous OF "points"-they suspicious
OF these free gifts the old Roman with his
sTfmeo Danaos dona ferertesr and apt to give
them cold shoulder. St it is proper as part OF to-
days history to explain that the gift package in Lake
Shore contained the information that to-morrow's
meeting of directors most favorable statement of
affairs was TO be rendered A dividend might
be voted or it might not; at any rate, the stun
ready to pay 1t with, and whether surplus
earnings TO be scattered among stockholders
or locked up in the company's safe mattered
In aifha tha rketn Of ha
stock would be enhanced The proof OF the pudding
will be in the eating and stockholders and stockjob-
bers will probably be able to sit down to meal to-
morrow which hope will prove something better
than dining with Duke Humphreys, at least.
Influenced by Lake Shore the entire list was strong
and inclined to advance although closing quotations
showed that little il any, progress made the
best rates of the day. Almost the only exception to
the above the advance in St. Paul preferred from
s6X to 67X rise due partially to purchases on &C
count OF the Sage Of William street and partially TO
favorable reports in reference to legal proceedings in
the Granger suits
Western Union opened At "a rose TO TAX, receded TO
74 ending at this figure. Pacific Mail sold at 3sS
ssH 3Sz. and then declined to 49, with close at SO
Erie was tfne active than usual in consequence
Di London dispatches, and sold at tx l6k 15s<
The remainder Of the market is without material
change
SALES TO DAY.
The transactions to-day aggregated Ill 400 shares,
which were distributed among the active stocks
As follows-New York Central and Hudson
River, $50; Erie, 10000; Lake Shore 472o5; North
western, $500; Northwestern preferred, 600; Rock
island, $40; Pacific Mail 20, ooO St Paul, 1000; St
Paul preferred, $780, ohos 1900; Western Union,
1900; Wabash, 500; Union Pacific, 900; Panama 200
ADVANCE DECLINE
The following the changes in the closing prices
since yesterday
ADvAEcB-Now York Central and Hudson River, &;
Michigan Central, 4 Erie, "a Harlem, Lake Shore,
4; Northwest, 4 Northwest preferred, u; Ohio and
Mississippi, y; Panama, 2; Rock Island, ~ ST. Paul
preferred, Xxi Western Union, ii New Jersey Cen
raj u.
DsoLINE.-Hannibal aud st. Joseph, y; Pacific Mail
u Quicksilver, u ST Paul, y gold, y.
SrATIoNABY-Atlantic and Pacific Telegraph, Della
and Lackawanna Wabash and Union Pacific.
OPENING, HIGHEST LOWEST
The following table shows the opening, highest and