The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-01-24
FINANCIAL and COMMERCIAL.
The Stock Market Feverish and r.
regular Pool Results.
GOLD 100 IA A 100 3-S.
Government Bonds Firm-Eailway Mortgages
Steady-Money on Call 5 and 4 Per Cent
WALL STRRET.

TUESDAY. JAM 23-6 +. u.
Tho Western Onion pool, having squeezed the shorts
and swallowed no end OF long stock ind themselves
in the condition OF eorged boa constructor tnat with
appetite gone and capacity Tor further dcgution at an
end, seeks rcposc and retirement
II is no WONDER therefore, that yesterday rampage,
which transactions up to o. 900 shares. should In
this mornings business be represented by only 49, 900
shares that tho prevailing excitement should have
quoted down in a comparative degree
Whatever grand result may be. It is certain that
tho movement SO far has been up Hill work, fruitful
shares that have easily and barren Of progress
except ut tho cost of much labor and perseverance,
Many lot OF long stock that has grown musty with
keeping has received airing in Its transfer to tho
pools possession, where It koy to stay until
frcsh turn In the wheel shall shift It over 10 now
ownership
II seems quito evident that without constant drive
tho speculation for tho upward turn In Western Union
is inclined hesitate and fall back, least far
prices concerned. The motto must be, "Push
along; keep moving" with mover chance to moisen
tho horny hand pending new grip or to hesitate for
along breath while waiting for 'second wind.'
The effort accomplish these reln xations In moral
and financial manner had injurious effect upon tho
Of prices this morning. for, after wrestling 10
tho point OF exhaustion with figures that stood stead
lily In the vicinity OF Tx, the strength OF the pool
gave way. and tho session terminated with clean
back fall at 1871
Lake Shore was scored for 40. 600 shares In amount
OF transactions, having thus established its former
prestige prime fhvorite. Quotations varied from
COX TO So ana back again TO 573S, at which 1t was
offered ut tho close tho fluctuations following close
upon tho example sot by tho telegraph fancy and
seemingly leaving tho stock free TO rise tall as
child in leading strings
Michigan Central followed close at the heels of tho
two leaders OF the market and, under the whip and
spur of Mr. Sage's privileges proved good third
undor the string of tho days business The favorable
position of 50 obtained at time during the morn
ing was subsequently lost and the best show at the
end was better than 49H.
AS was the yesterday the three stocks referred
to absorbed three OF the days business and
left tho rest OF tho list hors de concous consequently
there little significance in changes of prices and
lies In tho way Of profits viewed by the stock
brokng mind.
The termination OF the market presented weak
and feverish appearance, the drop IN Western Union
having given the to holders Of stocks generally
10 rcalizc the gains of the last few days.
THE SALES TODAY
Tho transactions the Stock Exchange to-day aggre
gated 1872 500 shares: New York Central and Hudson,
562 Erie, 3O0 Lake Shore 40 $50 hwestorn 400;
do. preferred, 1925 Rock Island. 1,775 Pacific Mail,
1850; ST. Paul. S00 do. preferred 4500 Ohios 900;
Western Union, 5000; Wabash, S25; Union Pacific,
2,5l5; Delaware Lackawanna ana Western, 3,41O;
New jersey Central, 1850; Michigan Central "a $50
OPENING HIGHEST AND LOWEST PRICES.
Tho following table shows the opening highest and
lntvo thC dav