The New York herald., 1877-10-19
FINANCIAL and COMMERCIAL.
The Stock Market Active
and FeVerish.
GOLD 102 3-4 A 102 SO A 1O2 3-4.
Government Bonds Steady States Higher
and Railroads Weak.
MONEY IN CATT 010TED AT pER CENT
GOLD l02 3-4 A lO2 SO A 1O2 3-4.
MONEY ON CALL QUOTED AT 7 PER CENT.
WALL STREET,

THURSDAY Oct lS-6P MI
The ror popuH go far as 1t possible TO be repre-
sented by street rumors, gave further tongue this
morning to the general belief that the bull party had
been heavy sellers OF Stocks. further important
decline which depressed Lake Shore to 67x, Western
Union to 7SH and Michigan Central to 63., gave the
keynote to the supposition, and tho whole pack OF
smaller traders was full the heels OF tho
aeetng prices with . psrtinacity that is only bred
among brokers and with ardor in the chase, that,
directed in a vulpne way, would astonsh the mem
bers Of the Queens county hunt II is possible, how
ever that the belief general selling out Of the bull
party may be exaggerated and lead 10 the serious
mistake OF selling the market short Tho
sharp turn upward this afternoon has already
proved seriously convincing to the buoyant bears of
this morning that short sales mistake, and ap-
pearances that moro converts will be made to-
morrow. The truth appears to bc that some Of the
prominent operators of the bow window party, taxing
alarm at the frequent Of 'irreguarites'
among financial people and fearing extension OF
ta.nt TO quarters which would develop serious con-
sequences, have determined to ''pul down the
blinds" for the present upon the bull speculation and
at the the handsome profits Offering.
The result Of this determination has been the market
ing OF some 1000 to $4,000 shares though these
amounts present but q moderate proportion of the
great bull holdings At least OF the uptown
Left in the urch by his contrcs has had experience
enough tho "briny' OF similar eccentric move
ments not to badly at the situation. The
is believed to be true Of Mr. Keene and his following,
who are asserted to be holding with real pre-
tended confidence in higher figures Whether the re-
firing parties-lke the wicked which fee when no
man pursueth-have been unnecessarily scared or
whether the stayers will distant and costly
grief by quitting In time tho future will deter
mine. The very decided Improvement which showed
Itself after midday a pretty sign that things
be allowed to rack and ruin instaner
and that If necessary a power could be ex-
Hted to prevent 1t. So much was developed
this ACKNOWLEDGED, It is true, Dy the
demand to cover shorts and easier money
market-as sufced to add from u to
per cent to the lowest figures Of the day to
close up quotations firmly II does not seem likely,
however. that the advance will be renewed immedi-
atey. The market has received pretty blow,
and with Mr. Gould upon the short side TO keep the
wounds from healing the Efforts of some new shorts
TO help him and the desire OF the "outs' TO get In
again (but only when lower prices mako an induce
ment) all tend to keep the market in feverish
diton for some time to como
SALES TO DAY.
Tho sales active tho Board to-day aggre.
gated 264 900 shares, which distributed fol-
iows:-New York Central 6,o50; Erie, %, 200; Lakc
Shore, 74,60O; Wabash, 1900; Northwestern, $500;
do. preferred, 9,525; Rock Island. 3,O7o; Milwaukee
ST. Paul. 5000; do preferred, $500; Pittsburg,
600; Delaware, Lackawauna and Western, 23 $50; New
Jersey Central, 200; Delaware and HUDSON Canal,
1900 Morris and Essex, l,s00; Michigan Central,
62s4 Illinois Central, 200; c. c., c. and l., 1900;
c., c. and C., 400 Hannibal ST. Joseph, 1900;
do preferred, $500; Ohio and Mississippi 9,275; /;
Western Union, 69. 27O; Pacific Mail, 800.
OPENING PRICES.
The opening prices were as foliows:-Western
Union, 7sA; Lake Shore, 6S7s; New York Cen.
trai, 1o7k Rock Island, lo2k Michigan Central 65;
Delaware, Lackawanna ana Western, l9H; Delaware
and Hudson, Az; Erie, l31; Morris and Essex,
74h; Ohos, OK; c., c. and l. G., AZ. St Paul, 3714;
do. preferred, 6sH; Northwestern, 80; do preferred
s4h; Quicksilver preferred, "a; Pacific Mail, 23sl
Illinois Central, II; Hannibal and St Joseph, s1;
do preferred, 2o New Jersey Central. II; c., c., C.
and l., Az Wabash, 1871
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