The New York herald., 1877-01-12
FINANCIAL AND COMMERCIAL.
More Palsy in the Stock Market
Prices Generally Lower.
GOLD 100 A lO5 7-8 A 100.
Money on Call and Per Cent-G0vernment
Bonds Steady Increased Demand for State
Railway Mortgages Firm.
WALL STREET,

THURSDAY Jan. 11-6 r.
Operators for rise show bat little heart for thcr
work and easily discouraged Shoulders were
put to the wheel this morning, with the result
Of showing up the most prominent stocks from u to 4
per cent but the effort gave out and herc being
no sympathizng Jupiter ready at hand to give sup
Elementary lit prices fell back and closed and
The lowest point of he day The volume
was meagre prices feeble, amounting to
only about half the number scored yesterday of which
one.third was to the credit OF Western Union. Bulls
In this stock who have been believing promises OF
higher figures have become out of breath to-
day. and, acting though they had lively recollec-
tions Of tho Jordan obstacles rapid
transit which 1t is popularity supposed must be
tered by the ayiarer gave up late m the afternoon all
attempts to surmount tho acclvity higher gures
sank by the roadside exhausted 1t by
that pebbles were not placed in the shoes of the pill
grms, by one Jay Could In the shape Of fresh sales
of short Stock through scattering of long shares
by the briefwinded upholders of the fancy. At any
rate the weakness of the avorite quickly spread
TO Lake Shore and Michigan Central which yielded in
moderate way, and thence to the entire list with like
effect. For rapdity and extent OF fluctuations, how
ever, illinois Central proved to be the pea In the
shovel The fact that the books will close satur
day created brisk demand for stock, to tho
alton of the shorts, who had to supply themselves
borrowing rate, which ranged from u to per
cent for single days use, while the prco OF the
stock itself skipped up Go at the very opening of
business.
This quotation failed 10 hold. however, against an
assault from "laderland"-which simply a
tnua,ion of the m ovement made few days since
and It us quickly rcceded to 625z, with final trapsac
lions at 63
The coseness of tho cash stock and the general diff
Guilty OF borrowing from day to day, have before
rom cd sed an n of Opt
which were placed at 2 per cent below the regular
price.
There further tumble OF nearly point in
the St. Paul preferred stock, due to the unfvorabe
present and future prospects OF the roads business
and the chance OF n spring dividend, which is growing
small by degrees and beautifully less
Tho call by the Treasury another $10 000 vc
twenty bonds for OF the Syndicate which has
the placing Of the Az per cents in charge, making
$50, 600 COO in all, looked bright spot in
thu lation's credit under the circumstances OF po-
ltical nature which exist both at home and abroad,
and promises we'll for successful floating OF a mate.
rial portion of tho loan.
The entire proceedings OF the session were as dull as
roaring farce played by amateurs, which fact tho
days business was for the professional performers
failed put in appearance except In the above
alluded to.
The following are the sales active stocks to-day:
New York Central and Hudson, /, $50; Lake Shore
IL, ,2C0; Cleveland and Pittsburg, 1855; Northwestern
2OO do preferred, 400; Rock Island $50; Pacific Mall
600; ST. Paul. 100; do. preferred, $780, Ohios 16O0
Western Union, 23 315 Union Pacific, 100; Delaware
Lackawanna and Western, 400; New Jersey Central
$3.50; Michigan Central 42Oo Illinois Central. 6. 100
OPENING. HIGHEST PRICES
The following table shows the opening, highest and
lowest nrices Of the day.-