The New York herald., 1877-01-07
FINANCIAL and COMMERCIAL.
Stocks Moderately Active and Lower
Bcarish Feeling at Work.
GOLD 1O6 1-2 A 1O6 3-9.
Government and Railway Bends Generally
Firm-The Bank Statement--An
Increase of $3.500.O00.
WALL STREET,

SATURDAY, Jan. Go p NJ
Like cotton, the market may be quoted to-day as
from fair middlng, showing its best quality IN Inc
morning and running INTO the short staple toward inc
close. Saturday evidently considered good DAY
20 realize and though profits rather mengre they
were better than at all, aud astufe brokers nave
long since learned value OF tho old adage regarding
the bird and the bush
The process OF reapug accrued gdins naturally
caused prices 10 tend downward aud there occurred
fractional falling of this account in the avorte
specuiations though tho general tone o the market
was strong and the belief higher figures Tor the next
week prevalent as ever.
Lake shore shows less vitality than has done; II
10 feared that for the future II will lack the assiduous
dry nursing which was bestowed upon IT by MT van
dcrbt when It's prospects were sckly, ana VIII miss
his pleasant chirrup in the shape OF orders 10 ouy'
when things looked upward Evon the Mills party
have grown faint hearted and gone out OF Tue
nock bag and baggage, thus leaving the property TO
The tender merces OF the Twenty third street bears
No further progress was made in the Western Union
movement to-day In spite OF tho fair promises put
forth yesterday usual the bulls in this stock have
shown themselves short windcd ot--a sort OF sho"
beef better fitted for parade purposes than Tor actual
work. Aavce gratis. however, is siill given to buy.
and next week Will probably prove whether tho in
formation is cheap at tho price or not.
Decidedly the most cheerful spccnIaor OF tho ihern-
ing was be found in Ohio and Mississippi. From me
carly price Of the stock tended upward to TX usder
dealings comparatively large tor such usually dead
ana alive property, and closed within an eighth oi tho
latter hsures The reports OF the roads earnings are
coming in IN very promising shape, and the outlook
is better than hoped for; this fact together with
the very low value, offers considerable induce
incut 10 purchase and the rise to-day was due 10
practical application OF this view by old friends Of the
road The second mortgage DIS were treated to the
same stimulus and responded by the handsome al
vance OF six per cent on yesterdays quotations
Quite the contrary must DO told OF the un fortunate
Illinois Central, which Is as hard to mako stand al
Humpy Dump,y in the nursery rhyme. After having
been bolstered up to 65 by adroty frightening the
bears with the report OF favorable statement TO be
shortly issued by the company, II suddenly caved in
this morning and rcccdcd IT, with scarcely soul to
spc~x n supporting word in i:s favor. IL now turns
out that no report be issued which seems sensi
bic enough in view OF the comparative losses OF the
last two months OF s40OO 900 and the general rickety
condition OF the whole concern
with this exception the railroad list has the ap-
pcarancc Of working toward higher standard OF
prices the feeling the street being that the trunk
nes at least, will in future reports OF earnings show
favorable results from increased freight and pas
sen ser rates. and from the higher charges for cattle
transportation, which latter will go into effect on Mon
day.
Gold sunk another quarter per cent, and sold at
1861, which is the lowest point IN several years
Shipments from abroad tpropaby TO DO removed next
month"; and disbursements on government account
have loaded bank vaults TO the extent OF $3S 000
and rendered the expense of carrying that
the operators The bull side chary OF touching it.
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening, highest and