The New York herald., 1877-10-26
TiIEiaiNVtIALSAAB7 md COMMERCIAL.
The Stock Market Fairly
Active and Strong.
GOLD STEADY AT l02 3-4
Government Bonds Lower, States Ac-
tive, Railroads Irregular.
MOnov on Call Easy at e a z
GOLD STEADY AT l02 3-4
Money on Call Easy at g a z
8 Per Cent.
WALL STREET.

[
THURSDAY. Oct 25-8P
The oull feeling which In bud yesterday
bioomed to-day Having established an Alpha OF ad-
vance little thought 10 gwen 70 the Omega OF
future dseline and the interval 10 occupied by do
sire to make the most out Of such opportunities as
may lie between "An and "zzard." Such desire was
clearly manifested In the free buying OF stocks to-day
particularly as regarded Lake Shore and Western
UnioD which became acknowledged favorites and led
tho market That they should have been thus
exalted In stock jobbing estimation came from tho
popular impression that Jay Gould was
large buyer and that Mr.. Keene was
ssting him In . vicarious capacity Accord
ing TO street theory both Of these spectators
have been extensive purchasers to-day Of the stock
named, aud that Gould has handsomely turned tho
tables upon recent sellers of long stock by absorbing
their Offering lowest prices and directing the course
si speculation upward. Naturally the advance thus
engineered dsasteul to the former operators upon
the long side, who having endured the heat and bur-
den OF bull campaign sore at beng len stranded,
as II wsre upon the sands OF mistaken xosop. ln
word, tho sharp rally prices is disappointment 70
the great sellers Of stocks who, when quit Of
their load looked forward 10 . deoded decline, 70
general abomnation Of desoaon in the way Of values
and to sure opportunity to buy back their hold
ings at diminished prices. The action OF Gould,
Kcene and vanderbils In supporting the market
has disappointed these expectations aAd the fugitive
bulls have been left out 10 the inciemsney Of she
speculative weather. AZ the table appended viii show
Lake shore advanced TO 70H and Western Union to
s2X these were the actual quotations At the close.
but the figures nsmod matters OF simple arthme-
TIC as compared with prices asserted TO come.
The granger stocks, IN sympathy with tho nvontes,
advanced moderately. The anthracite fancies followed
suit In spite Of the depressed condition OF the coal
trade and tho OF the market strong
inactive. Erie almost alone Tell back under Is by
reasons Of free sales the part OF .he German
hngsnI New Jersey Southern, galvanized into par
sxysmal activity, advanced TO ~. under rumors
that reconstruction OF road being attempted
and that stockholders would bs benefited thereby.
OPENING PRicEs.
The opening prices we're follows:-Gold, l02H;
Western Union, slK, Lake shore, 6sh; New York
Central, lo6H, Rock Island, lolh; Michigan Central,
60; Delaware, Lackawanna ana Western, b0k; Della
ware and Hudson, Az; Norris and Essex, 74k;
Eric. 13k; Ohios, 10; Wabash, l6h; c., c.. G. and l.,
l3>s; 81 Paul, 354; ST. Paul preferred, 6SA; North
western, 3624; Northwestern preferred 65 New Jer-
sey Southern, TX; Hannibal and ST. Joseph bid, 10;
Hannibal and st. Joseph preferred, bid, %; Quicksilver
lsk; Quicksilver preferred, 81 Pacific Mail, 23H;
Illinois Central, Tx; Fort Wayne. slx; Chicago and
Alton preferred, 1885.