The New York herald., 1877-02-06
FINANCIAL AND COMMERCIAL.
The Stock Market Firm, with a
Tendency to Higher Prices.
GOLD 1O5 1-2 A 1O5 ga.
Government Bonds Higher Money on Gail 3
and Per Cent.
WALL STREET.


Comparatively speaking there has been dull days
business the Stock Exchange More than one-haif
the aggregate OF transactions confined to Western
Union tho other half being thing OF shreds and
patches that went to make up ragged market Tho
eagerness Of tho pool get out Of Western Union,
which referred to yesterday, was visible enough
In Its continuance this morning, and there was little
attempt to disguise IT, 1t like chapter In novel
suddenly broken Off at absorbing situation, but
with promise ito be continued in our next"
The telegraph story of Saturday renewed In like
manner to-day and from the threat OF IT, the catas-
throphe promises to be unhappy There is
but the vaguest possibility Of Its ending marriage
(as bruted Saturday, between the rival companies,
but every suppose that their opposition will
be as violent In fact, story Of this nature
was used against the Western Union to-day, and, in
addition, its enemies pinned on a further rumor that
tho Atlantic and Pacific Company shortly to ex-
tend competing line to San Francisco.
II was dficult market the stocks when the "tak"
was In Its favor, and II became douby difficult when
the stalk" against IT. witness tho decline to-
day from 20 to TAX where it remained at tho close.
The Illinois Central Company published their annual
report in which they attempt account for the falling
OFT Of business during the past year 1t comes like
wall at the wake Of dead prosperity or the cry over
spilled and unrccoverable milk.
1t is claimed that the concern has got into bad
ncighborhood; that 1t Is situated roisna9e OF bank
rupt roads which have impaired It's standing and
slapped its sustenance that there been to
acknowledge freight bills and no oil 10 grease the
wheels Of a rundown traffic. In word, that things
are bad enough make udicous stockholders grcvo,
Or Mark Tapley smile. They propose ~ remedy the
,vi and their proposition Is this wise THAT stock
holders the shall buy up this bankrupt and
ilsavored neighborhood Of competing roads, and by
abating the nuisance, end it. Like Brutus the CON-
pany will 'pause for a reply"
Tempted by tho better showing OF earning, and
extended short interest," of the st. Paul directors
and their following have made up pool to bull the
preferred stock and capture incautious bears Conse
ueuy proved to be the strongest speculation of the
day. advancing to 49 but closing with the fraction OIL
There Is nothing apparent in tho prospects OF tho
road to warrant tho hopes of permanent improve
ment and the price will probably subside with the
causes which advanced II.
The coal stocks moderately fractous undas tho
delirium of last week. but gradually calming down
to steader quotations and reduced business, In the
absence of any fresh causes for excitement
Lake Shore and tho other railroads shelved for
the present. and will probably remain SO until the
Western Union movement has received its quictus
Transactions in stock other than those referred to
were OF moagre proportions, and were equally insignh
cant In point OF fluctuations Tho market Is entirely
In the hands Of professional gamblers, and legitimate
profits arc difficult OF extraction as 1t is to draw
an eel out Of o log iul Of snakes
THE SALES TODAY.
Tho transactions at tho Stock Exchange to-day
aggregated ILL., Ola es:--New York Central and
Hudson, 1885, Erie 500; Lake Shore, 49, 500; Clevo-
land and Pittsburg 100; Northwestern, 100; do
preferred, 800; Rock Island, 423; Pacific Mail,
400; st. Paul. $50; do preferred IL, 700; Ohos. 200;
Western Union, $1,000; Wabash. 800; Union Pacific,
1900; Delaware, Lackawanna and Western, 14,S0O;
New Jersey Central, $3.50; Michigan Central, g. 400
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and