The New York herald., 1877-01-23
FINANCIAL and COMMERCIAL.
The Stock Market Firmer-Large lransac-
actions in Western UniOn-An I'm.
usually Lively Day.
GOLD 1O6 1-2 A 1O6 3-S.
Money on Call and Per Cent Governments
Strong, but Not Notably Active
Railway Mortgages Steady.
WALL STREET, !

MONDAY, Jan. 22-6 p N.
In comparison with the long succession of diurnal
contests between bull and bear which in Importance
have little better than sham fights, this morning
has turned perfect hed day. The hres OF specu-
lation which had commenced TO burn up brightly At
the close Of business Saturday, renamed banked
Sunday to-day raked into vigorous life.
creating full head OF steam and setting the wheels Of
trade going merrly. An aggregate of over 200,0 900
shares the summing up OF the days transactions,
OF which nearly one-half rs to be placed to the credit
OF Western Unon rendering this at the cynosure
OF stock jobbng eyes and an enigma to puzzled
brokers
The vigorous advance to 7s from 76H ana the sub
sequent slip back to 77 at which it closed, is more
sasily recorded than tho intentions Of the
manipulators, which have mystned the Aycatchers''
Of the street and sent them home with distended
and unsatsfed jaws. The purchases to the extent OF
lone 10000 shares by Messrs. Work, Strong Co..
vet tine qudnuncs wildly guessing for whose
pount the had been accomplished whether
for Gould, is inevitably made to father every
cult movement. for the California party which, for
week past has been bearing the sweat and burden OF
\ rather obstinate speculation II matters little
whether either or neither surmise be correct but the
act remains that the entire hurlybury secured but
per cent advance net result Of the days work.
Surely scanty return Tor the extensive laundry ar
'angements which were put In operation.
Transactions in Lake Shore, less but moro legitimate
figured up for So 600 shares and were made between
b61i and SIX, At which latter price 1t closed. Aich
gan Central came 900 prices ranging
IRON 40 to 50k, part OF winch advance lost in
anal sales Both of these stocks benefited by
!he favorable wind which blew from Western Union,
nailed along with sheets lifted and under obIiga-
lions to other assistance than that of short
interest their strength and buoyancy AS the three
.tocKs absorbed than three OF
The days TRANSACTIONS but little lett divide up
for the long account. and with an attendant stiff
iening OF prices.
Gold hangs fro in spite Of the better state of pot-
cal matters at home and sold to-day al 1861 1063s
with the latter as the final price. Bulls less in
clined sell they carrying their load at the
easier OF to per cent and still have hopes OF
bellicose break-out in Europe during the carry spring
neariy universal belief exists in the share market
that the Presidential question will be settled without
popular turmoil, this has given birth to strong
feeling IN favor OF higher market Hence the set
back In prices this afternoon Is evidence
the contrary than is the breaking of 30 trotter
guarantee that he will not win the race.
The sales to-day iIows:--New York Central
and Hudson, 1885, Erie, 1900; Lake Shore, SO, $50;
Northwestern, 1,40O do. preferred 60O Rock Island
5,2s5; Pacifc MAIL 500; ST. Paul. 1000; do. preferred
s,lo0; Ohios 100; Western Union, 81, ,lOO Wabash
300; Union Pacific, 1900; Delaware. Lackawanna and
Western T. $50; New Jersey Central 4.5OO; Michigan
Central $4,000.
HIGHEST AND LOWEST PRICES.
Ths so,ovno were the highest and lowest prices of