The New York herald., 1877-01-16
FINANCIAL And COMMERCIAL.
The Stock Market Sill lrregular-TIIe Coal
Stocks LOWer-A Result of The
Snow Blockade.
GOLD FIRM AT lO6 l-s A Jog 81.
Government Bonds Strong Railway Mortgages
Firm Money Oh Call 6 and Per Cent.
WALL STREET,
MONDAY, Jan. 15--6 T.. NJ.

Specializing performers twanged away at Western
Union to-day, sweeping chord full OF melody TO bulls,
dsc0rdant to bears and mon0tonous TO tho locker
the beat OF a tomom a Fiji festival Whether
they liked 1t not the shorts forced to lace tho
music, and made to pay the piper by Tree contrbu-
tions to the pool box. The old doubt remains as to
what Mr. Gould Is taking in the matter-he be-
ing the objective point OF the movemcntwhie he will,
like snake, be charmed into covering by soft music,
frightened he einto by tho clash OF Chinese gongs
So far stock jobbing opinion seems 10 be that he Is
turning deaf ear to the whole motif except SO far as
keeping up running accompaniment with the pool
for the present. with the intention Of executing
staccato movement cash stock in the future.
Whatever may be the surmisos, have the fact
that the stock showed unmst kable strength to-day,
while tho price rose from TAX to 76n, and remained
at the latter price IN final sales
Nevertheless for fear that the bovine appetite for
more stock might be growing jaded, the pool to-day
exhibited dinner pill In the form story that the
directors proposed to divide among stockholders the
$4,000 shares belonging to the company which now
lie In Their Golfers.
1t is however, of the OF Ito
PROPOSE and it is likely that the idca
II nterlaned, will vanish with the elimination
OF tho stock movement
In opposition TO so good cause for rise we have
the further cutting down OF rates to Western
N
Atlantic and Pacific Company, taken some little time
back.
AS both concerns however, profess to their
receipts by this process without adding 10 expense
account, persevering continuance OF tho plans will
not only earn money Tor themselves, but also the
thanks of tho commuplty
AS Western Union absorbed quite third Of tho bus
ness the balance OF transactions spread rather
sparey the rest OF the list, Lake Shore and Mich
gan Central getting the hons share
There is nothing new to be said about either these
stocks beng apparently controlled by the various
cumstances previously considered in this column,
winch have had the effect Of weakening Lake Snore
OF strengthening Michigan Central. Since Saturday
nexplicaDle chasm has opened IN Illinois Gen.
tral between the figures OF 62K at the close
on that day and 5D1s tho opening price this
morning. Since then It's only feature has been
a further drop TO 59tl. where It 10 be found
the end. The coal stocks all snaky
In unison; they appear TO have periodical turns Of
ague, after the of Western Settlers possibly
the sight OF pay which easy incur, but
are difficult to deray, and are consequently generally
rnalarous and prolific OF ''shakes."
Gold advanced TO lo6N, with latest sales at 1CGsS.
The phase OF poll tcal matters New Orleans is
not encouraging, and the natural tendency downwar
Is Tor the moment ihwarted
TO-DAY
Tho transactions at the Stock Exchange to- day ag-
eregaled no. 4dS shares New York Central and ud-
sop, 49, Erie, 600; Lake Shore. 21, ,5O0 Cleveland
and ftsburg 230; Northwestern, 100; do preferred,
200: Rock Island, 1850; ST. Paul, 1900; do pre-
fcrred, 800; Ohos, 1,300 Western Union, AZ, ,125;
Union Pacific 35S; c., G. and l. G., 100; Delaware,
Lackawanna and Western, 9,0l5; New Jersey Gen.
trial. $780, Michigan Central, H. 20 Illinois Central,
60O
OPENING HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and