The New York herald., 1877-10-25
The Stock Market Dull and
Irregular.
GOLD WEAKER AT l02 ga.
Government Bonds Active and Steady, States
Dull and Railroads Steady.
MONEY ON CALL 6 A 7 PER CENT.
WALL STREET.

WEDNESDAY Oct. 24-6 r NJ
Our friends who have kindly undertaken the manip-
ulation OF the stock market, like J. b. in "Domoey
4 Son." have turned out to be not only 'tough' ou'
s.de-vilish sly" few days back we were given 70
understand that the bull operators had ''slathereo"
their stocks-which, alter vain appeals 10 Wepsser, -
taken TO mean they had sold iargely-and to-day
Gc are told that they s'climbng'' for tho samc
Some sort OF acrobatc performance OF this nature was
Visible this morning. necessary TO account Tor
&he rise winch characteristic Of the general hs
Aiessrs Gould, Vanderbilt and Morgan In neshings
Assaying to climb o creased pole 10 snatch the
&reath OF profitable "iurn," Is sight
&hich. s.though it make the unskilful laugh,
cannot but make the judicious grieve." YET II
general observation be trustworthy, such spectacle
was afforded to-day. The large purchases OF Lake
Shore In particular ascrbed to these financial ah
etes, who seem have npaapped from the bull to
The bear side and vice with an alacrity truly
commendablc. Mr. Vanderbilt was an extensive pur
chaser anu promises 50 for Lake Shore. Mr.. Gould
has covered his shorts and gone long Though his
horns as bull are OF doubtful velveu, and Mr. Nor
gan stands upon tiptoe, ike the Mercury o the Vail
can ready TO "skp" at the possible rcal'zaton OF
Seductive "eighth" Az least this is the street talk
and we give 1t for what 1t ia worth. Under any CIR
cumstancos the plain matter-ot-fact OF tho
days business is that the course OF specu.
lati0n within the last two days has been
completely rsvoutionlzed The depression occasioncd
by bogus and mendacious rumors Of impending
troubles has given way TO feeling OF buoyancy and
hope and impress has been unmistakenly stamped
upon market today. Chiefly this felt BY Lake
Shore which took the position Of first iavorIte both in
the matter OF volume of and In amount OF
Improvement In popular estimation the set of the
tide stock Is In the direction OF higher prices,
and the great congeries OF smaller spectators nave
launched themselves upon the current ouoyed up ny
such safety contrivances as are 10 be found IN Mr.
Sages privileges and the efficacy of somewhat meagre
margins While the railway speculation was In the
man buoyant tho anthracite fancics scarcely held
their own An advance in the morning, as natu-
raj sequtr to the steadiness which these properties
have maintained during the recent decline, yielded
somewhat when the result OF the coal sale became
known and some decline from the best prices OF the day
marked the close The rates obtained at the auction
we're not satisfactory, resulting in decline OF 40 to
20 cents per ton below the schedule prices lately pub
lshed by the Lehigh and wlkcsbarre Company. Much
lower prices for coal shares are however, not 10 DO
looked Tor 1t beng the evident interest OF the CON-
panes 10 sustain prices pending the oatng OF the new
mortgage loan. The run upon the Dino Savings Bank
continued this morning. but no elect was observable
upon The stock market The fact has ''aged' TO the
limit Of nine day wonder with surprising cclcrity,
and its present influence Tor evil Is pfaCtlcaDly nu
THE sALEs TO-DAY.
The sales Of active stocks at the Board to-day aggrc
gated l61, 400 shares which werc distributed as toll
lows:-New York Central, 3,577; Erie, 5.900 Lake
Shore So 400; Wabash 800; Northwestern. 70d; do
preferred, 3,925; Rock Island, ,365; Milwaukee and
st. Paul. S25 do preferred, 200; Delaware. Lack
awanua Western, 2o 400 New Jersey Central 100;
Delaw are and Hudson Canal 1875; Morris and Essex
500; Michigan Central !, $50; Illinois Central 1900;
Union Paclnc $40; g., G. and l. c., 200; Hannibal and
St. Joseph preferred 100; Ohio and Mississippi $780,
Western Union. SO, 15O Pacific Mail, 200; Quicksilver
bOo do preferred, 600; New Jersey Southern 2,6oo
American Express, 10
The opening prices were:-Weste Union, 70A;
lake Shore, 67A; New York Central, 1o6h Rock
Island 1919; Michigan Central, 6isl Delaware, Lack
Swan na and Western, blA; Morris and Essex 16l4;
Delaware and Hudson, asa; Erie l3a4; 0hios, 97S;
Wabash l6l6 O., c. G. and l., 41a; ST. Paul, 81; st.
Paul preferred Gs Northw esiern, 3Gl. do preferred,
B4A; Illinois Central, II; Pacific Mai, 23&; Quick
silver 10; do preferred, IS; Chicago, Burlington and
Quincy, 1857 ST. Louis Northern preferred. ~.
CLOSING QUOTATIONS..