The New York herald., 1877-11-22
FINANCIAL and COMMERCIAL.
The Stock Market More 40
tive and Fluctuating.
GOLD lO2 7-s A lO3 3-S A lO3.
Government Bonds Quiet, States Highe,
and Railroads Strong.
MONEY ON CALL S SAT PER CENT
WALL STREET,

WALL STREET,
WEDNESDAY, Nov 21-6 r. N.
The atmosphcsical indications, as published in tho
morning Journals might have been as correctly applied
changes the stock market as they we're to changes
In the weather.
Few brokers however considered tho matter In tho
light OF sdouble event." or imagined that the
shine Of an advancing market. which blazed within
during carly business hours would givo way tas
was happening out OF doors TO the clouds and goomh
ness OF q decided decline. Such was, nevertheless
fact, and the bull OF the morning. fatted. festive
and in general way show beef sort Of animal, lost
flesh the day progressed and was driven to an gno
mnious drawing In OF horns at the close Plainly tho
market which, before meridian, strongly upward.
became as strongly downward In the afternoon, and
failed TO exhibit any disposition TO recover in hna
dealings Lake Shore whether IL mcrited Is
or not, carried of the palm in the matter, both OF
public interest and amount OF transactions Starting
at 675 shortly 10 6S the motive power being
contributed by important orders 10 cover shorts,
which said to emanate from prominent opera
tor, who. though ordinarily accustomed 10 dread
nought, appears to funk the present situation. Tha
story goes that purchases to the extent OF some 10 600
shares were made upon this account, with further
purchases Of 500 shares TO close the short line Of
another party, who, though nameless, Is believed to
have been in the same boat The demand to cover
highest points OF the morning, after which decline,
as noted in the closed about per cent
off best figures, Coal stocks dropped the day
through, tue opening prices being the highest
ones. The s.twsters" that were "twistni
the TWIST in the Delaware and Lackawanns
fancy to have got tired OF their gyrating propen-
stiles and have given up their efforts as they would
conundrum. Consequently the stock fell of some two
per cent, without rally, and Delaware and Hudson,
like accompanying "Jil,' came .folowng alter"
The granger shares fought manfulIy against the do
cline at first but gave way fractionaly at last under
tho odds Ut overpowering market Not even tho
expected dividend upon the St Paul preferred shares
nor tho rumored upon tho Same class Of North
western stocks could keep those properties chock-a
block with the highest prices reached during the day
In Western Union and Michigan Central there was
little interest manifested there business donc
and they accordingly accepted and retained
the back seats OF speculation uncared fo
and unnoticed. An unusual furry in tn,
gold room, bred OF the Silver bill, advanced
tho rate TO l03N, but the price quickly subsidized
1O3 again on Washington dispatches purportins Il
represent the President declaring his intenuont
veto the act should 1t pass Congress- That thePresi
dent In view OF his former recence in regard TO ,nH
natter should have made any such declaration is eE
tremely probematcal--ne nev ertheess the rumor pre-
vailed with the effect noticed. The stock market
closed weak and fcverish-ts future beyond the Ken
OF tho average speculaor and Chinese puzzle TO mos,
OF the knowing ones
OPENING PRICES.
The opening prices to-day were:-Gold l02Ni
Western Union. 7ST; Lake Snore 675s; New Yorf
Central, l07; Rock Island, 100X Michigan Central
GAY; Delaware. Laokawanna and Western, 5oA; Del
aware and hudson. 46H; Norris and Essex, 76s4 Erie,
10Y; Ohios, OK; Wabash, lo; ST. Paul. soh; ST. Paul
preferred, 711; Northwestern, S6X; Northwestern
preferred, 66A; Hannibal and St Joseph, l3A; Han.
niba and St. Joseph Preferred 29; Pacific MAIL 2Ssi
c.. c., G. and l., 4Oh; Illinois Central. TAX; Pitts
burg, Tx; Chicago, Burlington and Quincy, 1o2X;
c.. c. and G., 3A; Fort Wayne, 80