The New York herald., 1877-01-14
The Stock Market Strong-Lively Transae
lions in Western Union, Lake Shore
and Michigan Central.
GOLD 1O6 3-s A 1Oe SO
Money on Call and Per Cent-Govern
ment Ionds Active and Higher-Rail-
way Mortgages Firm.
THE BANK STATEMENT
WALL STREET,

WALL STREET,
SATURDAY. Jan. 1852 NJ
The bull party commenced the day with quito
spirited banue, in which point purveyors EN-
ed to beat up the covorts OF Western Uon Lake
Shore and Michigan Central, in which 1t conceded
tho game lay thickcst
Up to midday good bags had been madc and salts
factory profits brought down, those strong winged
birds OF speculation and responded tho aim o
skful operators
Later on, when the shorts had been pretty we'll
killed of, the sport grew Simmer, the retrieving Of
gains smaller, tho market at the end being loft to the
shooting Of pot hunting scalpers. whe the big
wigs OF the day retired ''dog to heel, well satisfied
with the mornings results
Plainly Western Union advanced to 75x, Lake
Shore to 551s and Michigan Central to 40 under the
we'll sustained efforts OF tho bulls, which, usual
aided aud abcted by tho struggle OF the shorts
the vigorous endcavor TO profits stop losses.
These having been accomplished with less
success IL followed that the market was exhausted OF
customers, and prices gave way accordingly, barely
steady list taking the place of the mornings fcverish
excitement OF course the whole movement, being ono
Of those periodical squalls which made to blow
brskly for time and clear up when the shorts
are cleaned out, as artificial ps!ais
Royal brliants, and only gttered like them
because Of comparison with the lack lustre markets Of
preceding days. For tho first occasion that rc-
mote period OF time "whereof the memory Of man
runneth not the contrary" Michigan Central has
day appeared greater favorte than Lake Shore and
beating 1t by some 1900 shares in the amount OF
transactions Tho acrobatic party Of Exchange court
who tumble in aud out OF stocks for gains Of nimbe
quarters and halves, conspicuous buyers to-day,
as 1t suited thcr books to be- and quite likely
be quiet sellers tomorrow, when profits have been
achieved. The operation SO far has been remarkably
FREQ from points, their credit bo 1t said, and the
gobeouches of the Board put to 1t to gather
reasons the rise other than the old Of better
reports of the companys financial condition and the
favorable possibilities Of disontang clement from
barrassing leases
Illinois Central and Central and Hudson partook Of
tho good cheer OF the general market, and stened up
from 81 to e2Il and 1o2 TO 1929 respectively
Tho unusually large Of $500 shares put down
In the oca list sales OF tho Vanderbilt: property
only apparently real twothrds Of IT wcre in the
shape Of sixyday at per cent difference be-
tween cash and regular, effected by Mr. Gould's
brokers' and probably for OF his old outstand
ing short line There were changes Of significance
either in tho coal stocks the OF the list and
the day closed with lower prices and fairly steady
market.
TIKI SALES TODAY
Tho transactions at the Stock Exchange to-day ag.
gregated 122 800 shares:-New York Central aud Hud
son. $500; Er,e 16OO; Lake Shore. 26. 240; do pre-
ferred 500; Rock Island, 75O; Pacific Mail 1900; st.
Paul, 100; do preferred, 2,15O Ohos, 800; Western
Union, 49, $50; Union Pacrhc 725; Delaware, Lacka
wanna and Western, 1o,1oo; New Jersey Central,
2OoO Michigan Central, 90 200; Illinois Central 1o5o
OPENING HIGHEST LOWEST PRICES.
The following table shows the opening, highest and