The New York herald., 1877-10-21
GOLD l02 rs A l02 3-4 A 1O2 rs.
Government Bonds Firm, States Higher
and Railroads Quiet.
THE BANK STATEMENT.
Money on Call 6 a 7 Per Cent, Closing ut
5a 6 Per Cent.
WALL STREET.

SATURDAY, Oct 20--6 4. N.
The qudnuncs. who busily employed during
the closing hour Of yesterdays business in trying to
scent OUT the OF the prevailing weakness, were
rewarded this morning by getting all the particulars
they desired These TO the effect that popular
financial institution In trouble, and that the Dino
Savings Bank ito employ familiar simie OF feminine
upplication), was better than II should be. OF
course II turned out that the former was bascess OF
truth and that the latter was simply revival Of an
old story, revamped for the occasion, and equally
without foundation Now, tho stock market, which
is the veriest OF harridans las every stock joDber
knows), Is apt 10 put airs when financial caumny
is suggested, and to fly from impending danger as
though il really "chaste and
pure as snow.n IL so fed this morning,
and in its alarm carried downward tho whole list of
prices Lake Shore foil to 67h, Western Union to 77h
and Ohios 10 l0l4. Other stocks affected pro-
portionatey, the whole list looked seedy as
landsman of soundings. Later on, when II became
known that the stories industrously circulated
were devoid OF truth, prices advanced aud the loss OF
The morning was in great measure recovered. For
the rest Of the day prices renamed steady TO unm
portant dealings, except that toward the end frac
tonal decline set In which finished quotations about
half way between the figures OF the day.
Setting aside tho reports Of financial difficulties, the real
weakness Of the market to be sought for ard found
In the fact that the most important members
Of the bull rump have followed the lead
Of their moro expeditions brethren and sold out also.
Pea jacket representations Of Ito for Central and
Hudson are abandoned for the present, and the
ngass of Fashion and the mould OF orm despairs OF
Michigan Central and the Western stocks making
setter time than Goldsmith Maid. With the parties
referred to having realized upon their holdings, the
bull market is lett pretty much to the leadership of
Mr.. Vanderbilt and Mr.. Keene. The former is re-
a uver tO.dav Of
and the latter to be holding to the bag like grim
DEATH IL is the street impression that Mr. Gould is
tho only power which force the latter to release
his grip, and the evidence to-day is that
efforts were made in that direction through
heavy sales of Western Union and Lake
Shore. With Gould and probably or
two OF the relieved bulls upon tho short side md Mr..
Vanderbilt and the California interest upon the long
side. very pretty quarrel is imminent, which should
be productive both OF fluctuations ana commissions.
The anthracite iances renamed quict aud steady
throughout the day, and the same may be remarked
Of the grangers there being nothing affect either
apart from such influenced the general
ket. Money cheaper, loaning at four per cent-a
result rather due TO the desire Of obtaining two days.
interest than to an Improvement in the supply.
TODAY.
The sales Of active stocks to-day aggregated 1872 $50
shares which distributed as follows:-New YORK
Central 562O; Eric 600 Lake Shore, 80, 900; Wa
bash, 1900; Northwestern, 3.6O0 do preferred 36oo
Rock Island, 800; Milwaukee and St. Paul, II, $50; do.
preferred 5000; Pittsburg 100; Delaware LacKa-
wanna and Western, p, 1858; Delaware and Hudson
Canal 22O; Morris and Essex, 600; Michigan Central,
49o0 Illinois Central, 700; Union Pacific, 100; c., c.
and l. e., 100; Hannibal and ST. Joseph, 800; do.
preferred 900; Ohio and Mississippi, $500; Western
Union, Ss, ,925; Quicksilver, 1885, do. preferred, 425
OPENING, HIGHEST LOWEST.
The following table shows the opening, highest and