The New York herald., 1877-01-13
FINANCIAL and COMMERCIAL.
The Stock Market Irregu|ar-Western
Union at the Front.
GOLD 1oe 4 1oc s-s.
Money on Call "a S and 6 Per Cent-Govern.
mtnt Bonds strOng-Railway Bonds
Active and Firm.
WALL STREET,

H. J
Stock brokers nodding their heads with all the
sapenOy OF Lord Burleigh. ana declare that Jay
Gould, wearied with waiting for q decline in Western
Union, is busted In covering his shorts the best
terms practicable Possiby-but 1t IS at the risk of
writing him down an ass which, whatever may be his
reputation for slippery dealings or obtuseness OF dis
elimination in matters of and tuum. charac-
ter that his worst enemies will scarcely clothe
him WITH Not that II Is undesirable to get out OF
ugly scrape with whole skin, but that the to
the end would hardly in free distribution OF
points to buy and in broadcast invitation to the
whole Board Of Brokers to bid the market up against
him.
1t is much more probable that the willy operator
would make the event strictly one Of 'no cards. and
would essay TO cover up his tracks by the ingenious
processes with which he is SO familiar.
In either event, whether the theory be false
there Is strong purchasing power manifested in the
stock, which carried the price up to-day from 73S to
TAX aud kept it there firmly at the close.
The active participation OF Mr. Goud's brokers lent
color the belief referred above but It not the
nrst time that Ursa Major has transformed himself
into Taurus Maxmus for the occasion, and thus mas
querading, quietly shifted his load upon the POOLS
shoulders before the supreme moment for thom to
realize had arrived There transactions this
morning to the extent Of 49, 900 shares In Western
Union and of loss than 5000 in Lake Shore, fair
criterion to how essentially popular interest has
swung from the old favorite the new Further
testimony s dscoverabe in the steady evenness OF
quotations. since during the session did the
swing OF the pendulum mark than q per cent
variation IN the price OF the Vanderbilt property
Nor anything better be said oil the other stocks
Of the active lst-a which is certainly q misno.
o.day-with the single exception of Illinois Gen.
tra. This security is commencing to behave IN tho
most reckless manner, and, by its wanton fluctuations
10 keep both friends and enemies IN continual hot water
Its market value Of 65 of yesterday morning shrunk
into 62T at the opening to-day thence fell of to 6OH,
and finally closed at 81 bd-all this under transac.
lions Of 1000 shares. arording amount Of emotion
Tor the money that recalls Fastars half-penny worth
u bread to nfolerable deal of sack.' Bears, how
Iver, let Off the uncomfortable squeeze bor
'owed stock which they treated to yesterday
transfers for dividend purposes apparently being
hnshcd but the disposition still remained contract
for sellers options abvut n per below cash
sales
The bond market experienced novel and pleasant
sensation to-day IN general advance in nearly all the
government issues Of u to y per cent These pur-
chases alleged to have been mado for account of
The Bank OF Nevada at San Francisco, and In
Of the gold and silver mining magnaes, who,
Tired Of placing all their eggs In basket have
prudently transferred some OF them to the national
strong box for sackoepng.
Money has ranged between and per cent for call
loans, with ample accommodation at these prices,
while gold, for the very questionable that the
Turkish puzzle is becoming more complicated than
ever to 1065 though losing H at the close, and
with carrying rates varying from to per cent.
THE SALES TO-DAY.
The transactions at the Stock Exchange day ag.
gregated 70 235 ares:-New York Central and Hud.
son, 500; Erie, 7O0 Lake Shore H. 700; Northwest
ern 300; do preferred, 500; Rock Island 800; Pacific
Mail 500; 81. Paul, 600 do. preferred 7.450 Ohos,
100; Western Union, 3s, 800; Union Pacific. GOO;
c., c. and l. c., io0 Delaware, Lackawanna and West.
ern 1910; New Jersey Central 750; Michigan Central,
5000; Illinois Central 1850
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and