The New York herald., 1877-01-22
The Chief Events of the Week-An
Irregular Market.
GOLD STEADY.
Government Bonds and Railway Mortgages
Firm-Money on Call Abundant and
Tending to Lower Rates.
WALL STREET,

.
The past week has been prolific OF . series OF ups
and downs in the scale OF prices, with net result
slightly favor Of the former This accomplished
by the persistent efforts OF clique, whose men and
money. hailng from the Pacific slope, have been de-
voted to somewhat spasmodic endeavor 10 advance
the price Of Western Union 1t has been rather diff.
cult work at all times, and frutess often, when
expected blocks OF long stock tumbng into the
hands OF thepooL Stl the effort was persisted with
> good deal Of tenacty, though the reward Is the
meagre one OF only two points gain for the weeks
labor II not much OF in ITSELF its vicarous
influence upon the rest Of the important
Weak spots were strengthened and strong ones rem
dered more SO, while more healhful complexion
spread over nearly the entire list. Among
the first are TO be noticed Erie and Pa
ei6c Mail, which were, 10 speak. shaken
up, patted on the back and In
general way pulled together and set on their legs in
better form than has recently characterized them It
strue further progress made, and they remain
not over steady their pins, but still they
condition to take step in advance when the time
comes. Among tho strong stocks which have grown
stronger we place Michigan Central Central and Hud-
son, and Lake Sherc, which, emerging from mottled
condition which marked them the middle of the
week. have taken upon them healthier hue at the end
of 1t. The snow blockade and rumors OF breakdown
In the railroad compact, affected prices injuriousy,
but tie FIRST obstruction has been shovelled away and
the second Is ofciay denied, and with their removal
come confident feeling better prices After
having its head under water repeatedly, New Jersey
Central, In final dealings, came up smiling with
an advance for the week of over two per cent The
shorts, the contrary, laughing upon the wrong
side OF the mouth. condition OF painful cachnation
attributable to injudicious sales, under the belief
that the in a state of fatal financial
snarl that admitted of no dsentanglement Tho
terial decline brought about by this report was how
quickly recovered from when authortatvey
announced that the knot not hopelessly hard
after ALL and the price rapidly undcr the covering
OF shorts and the necessity for cash stock, which
time exacted bonus OF y per cent ior o single
days USE
Even the St Paul stocks made some headway on the
weeks work in spite Of the comparisons-n every way
odious-which forced to be made between the
earnings ofths season and those of last
At the close the tone OF the general market may be
regarded strong and buoyant, the controlling
Of which may be found in the almost universal belief
that the plan before Congress for settling the
Presidential difficulty will be brought into successful
operation and that the flow OF currency this
promises cheaper money and s attendant incentive to
speculation.
THE TRANSACTIONS OF rnE WEEK.
The following table shows the opening, highest
and lowest sales regular way OF the principal Stocks
during the past week. together with the number of
shares dealt In -