The New York herald., 1877-10-16
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Steady.
Great Fluctuations in Mich
igan Central.
GOLD 103 Is A l03 IA A 103 1-S.
GOLD 103 Is A lO3 IA A l03 Is.
Government Bonds Higher-States Dull
and Railroads Strong
MONEY ON CALL S lsl7A S PER CENT.
YALL STRIRr.

ff WALL STREET,
MONDAY. Oct. 15-6 p. N.
Stock Exchange dealings were pretty well tangled
to-day with tho prices OF stocks better and
OF others worse It easy matter to get ut the
thread OF the market The most promising Indications
pointed 10 Michigan Central the cordon bleu or
the mornings speculation but subsequent prices for
the stock rather ntnated that the had been
Dverdone, and there general spolling OF both,
30 far as high fgures we're concerned In nnal opera
tons. Thus, Michigan Central. which had boon pushed
up TO 74k fell OF to 70 at the Close though reports
were rife at one time that sharp corner was imm
nsnt. This was made attributable 10 sep
tuageparian Influences, and universally con-
cedcd to be the probable ISSUE OF fight between
mr. Drew. entered a three-scoreandtenner, and
the lighter weights tfor age) Of Gould and Sage 1t Is
popularity supposed that these latter gentlemen are
short Of the and that Mr.. Drew tredvipus) is
materially long OF the same, and the recent rise
to justify the theory II the same be true II goes to
show that ''there is life In tho old dog yet" and so
far from tagging suporauous veteran the stage it
proves that the ancient OF other days still retains
keen remembrance Of tho Northwest corner and is
ready to establish II by quid pro quo AS step
toward this stock for delivery made and
commanded an eighth 10 quarter pcr cent for at
ono time. though application to the Board rule
made TO obtain After delivery hours the price fell
or as noticed. shares being ircely sup
Piled both by actual holders and through
short sales. Ohio and Mississippi ad
vanced to l1s, but at the close foil of per cent
The Board representatives Of the bow window people,
though assiduously chnning' the stock through tho
medium Of their printed circular, have been free
Bollers at tho advance So have been some Of the
Canadians, Who have made their turn and pocketcd
the difference, thereby rccouping themselves In
moderate way for previous losses In the security
In early transactions Lake Shore suffered ugly fall
from 72h to 70h without particular reason. 1t sub
scquenty recovered to 72I and closed at ~ II Is
understood that somo Of the large holders in spite
of the earnings and attering future of the
road willing to part with present figures.
Tho attention OF the public Is respectfully invited to
ahe bargains thus offered Eric continued firm during
the day, and worked up 70 lax at the close More
stories aHoat about the corporation getting out
of the hands of receiver and strong iaith enter
sained that the price will attain higher figures either
from Improvement In intrinsic value frsm expected
she hues OF kaleidoscope stocks being strong,
satisfactory.
oPENrSG QUOTATIONS.
The opening quotations were folows:-Gold,
a03h; Western Union sas4 Lake shore, 72sS New
York Central, 1o7h; Rock Island, lo3k Michigan
Central, 7oI; Delaware, Lackawanna and Western, 5l
Delaware and Hudson, 42H; Morris and Essex, 75zS;
Erie. lax; Ohios II; Wabash, 1sK; st. Paul, 3o7s;
Northwestern Al; Northwestern preferred, 66T; Il,-
Central 7s Quicksilver, %; Quicksilver preferred.
B5H; st. LOUIS N. preferred rs; Chicago Burlington
and Quincy, 1os Ohio preferred, Is; Iron Mountain,
&c, c., 9. and l., As Union Pacific 81