The New York herald., 1877-02-03
FINANCIAL AND COMMERCIAL.
The Stock Speculation Feverish
and Irregular.
GOLD los l-S A los A iOj s-S A lO5 IA.
Money on Call and 4 Per Cent Government
Bonds Steady and Railway Mort
cages Generally Firm.
WALL STREET, |

FRIDAY, FeO 20 r. NJ.
As we have had frequent affirm, the stock
market for many months past has simply been tho
arena daily passages OF professional
iobbcrs in which tho public take but little interest
even as spectators Some days lively than
Others simply because the strings OF the speculative
marionnettes pulled with superior vigor and the
manikin iances forced into unusual contortions
thereby. But, taken as whole, there Is week after
week little better offered than what In tho arsot the
street is known brokers MARKET and day there
was presented but indifferent sample OF even that
According TO tho established formula buginess
opened scale of advancing prices, which
rcdod then staggered in irregular manner aud
lnaliy closed unsteady and with tone OF torcl-
Ole fcebleness which was not according TO Gun.
ter 10 the modus opeandi OF the last
days Tho anthracite speculation still continues
the power which controlled fluctuations anu exhibited
itself early in tho day by moderate advance, and
subsequently by Il sharp decline, which carried New
Jersey Central from 271S to 25is aud Delaware aud
Lackawanna from 60N to 6S7G. In the afternoon bet
prices were made and seesaw movement set In,
pleasing the Margery Daw turner's Tor eighths, who
would rather sell their beds and lay the straw like
the female question, than be OF lheir daily
gamble.
AS regarded the present OF the coal coinpa.
Mes OF course their officers US mute as mussc;
there anything said in the way OF good report
or evil report by the usual manuiacturers OF news;
consequently fluctuations duo mostly to the
whms Of dealers.
Tho largest business Of the day done Western
Union, which vibratcd between 76A and II aud closed
about half way between these points. Next
in order followed Lake Shore, limited to fluctuations
of q per cent and chiefly noticeable for voy game
Of battledore and shuttlecock played between tho
Mills and Osborn factions, but which had more of
'sound aud fury' in it than OF Specification The
Twenty.thrd street people are, however, sworn
enemies to the property and are vcnomous
spz in swapping representations lower prices
There nothing remarkable in regard to other
stocks which generally better or worse as was
dictated by the Of the tavorites and
1rmncss
considerable covering of shorts at 105 (Which to
be the figure previously lyed upon a safe point
buy advanced the price to 1855, which subsequently
yielded 1855 when 1t became known that tho Presi
dents Message in favor OF resumption had been
approved by the Cabinet and would sent Congress
tomorrow.
SALES TO DAY.
The transactions ut the Stock Exchange to-day ag-
gregated ia $50 shares:-New York Central and Hud-
son, l02O; Erie, 31OO; Lake Shore. &C. 200; North
western preferred 500; Rock Island. 300; Pacific Mall
2,200; ST. Paul. 400; do preferred, $500; Ohos 400;
Western Union, 4s,7OO; Wabash. 200; Union Pacific
700; Delaware, Lackawanna aud Western, 14,6O0;
New Jersey Central, 1900; Michigan Central. 400;
Illinois Central, 600; Delaware and Hudson Canal
OPS; Hannibal and ST. Joseph, LOO
OPENING, HIGHEST PRICES.