The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-01-31
FINANCIAL AND COMMERCIAL,
Stocks Still Irregular-A Sharp Decline in
the Former Investment Securities.
GOLD STEADY AT 1O5 5-S.
Money ON Call A and Per Cent-Government
Bonds Active and Firm, and the Best Rail-
way Mortgages q TriAe Higher.
WALL STREET,

TUESDAY, Jan. 3O-C l.. n.
There was no such thing as getting the bearing
OF prices from the Stock Exchange compass to-day.
for the needle Quotations was as variable as the
card a ships pinnacle in Northern ATTITUDES. At
tho opening It pointed most Enthusiastically to lower
prices, next swuHg clear round toward higher ones
and subsequently, repeated the previous movements,
restng ~ the end Of the day In tho direction Of
comparatively strong market Tho anthracite fances
proved to DO the loadstone OF the days BUSINESS at
tracing the wandering attention OF operators and in
manner directing the course Of speculation.
Now Jersey Central turned be the most erratIc
OF the trio. dropping from 81 PAY and ending at
25K after frequent fluctuations between the highest
and lowest points Although the injurious
statements put forth against the property have
been qualified and even denied In u scmi-ofncial
way, 1t does not seem to have dispcllcd the
disbelief OF shareholders, judging from tho amount
OF long stock which daily seeks a market. This Is the
more observable from be fact that the supplies arc
reaching here from Philadelphia where the last and
hrmest friends OF the road had made stand as
though It were modern speculative Thermopylm
Il was predicted that matters would come to pass
like this, when investors would get of holding
The fort, and sauce qti pcut would become synony-
nous with orders to soil. In the afternoon a check
was given to tho ront by that aid would be fur
nished from an unlocked for quarter In the shape Of
",
to be furnished directly or indirectly by or at least
under the auspices Of the Lehigh Navigation Company.
Although tho report came in questionable shape, IL
still proved straw to be clutched ut by sinking hold
ers while at the came time it appeared threatening
spectre to overventuresomc bears; hence, between
the two Interests the price rallied noticed above
Even larger transactions are recorded in Delaware
and I.ackawanna, though prices sensitive
A matter Of Q per cent decline from the opening
figures formed the MAXIMUM of damage, though por.
ton OF this was recovered from at the close
With the foregoing prominent coal fancies numbered
along the less cxctablc Delaware and Hudson making,
however, about the decline and sticking to it ut
the end.
In the same groove with tho anthracltes moved
along the illinois Central. pushed downward by the
weight OF unfavorable business and cloudy future
Less than 5000 shares dealt in prices that
gradually yielded from IS x to So and SO finished
The great iavorites, Western Union and Lake Shore
were overshadowed by the excitement which hung
about tho coal stocks, and were only sparingly dealt in
by the pools Late in the day the market improved and
closed moderately strong, the impetus upward being
given by ST. Paul preferred, which suddenly spurted
rom 46aS to 475S but fell back again to AK under
rumors that legal steps had been taken which
would be OF advantage to the company
THE SALES TODAY
aggregated 127, 900 shares which distributed as
follows-New York Central and Hudson, 1880; Erie,
400 Lake Shore, 81 2o0 Northwestern preferred 900;
Rock Island 1900; Pacific Mail, 600; St Paul, LOO;
do. preferred, $4,000; Ohos $50; Western Union,
10000; Wabash, 500; Union Pacific, 1850; Della
ware and Hudson Canal 2, 1875; Delaware. Lackawanna
and Western, $4,000; New Jersey Central. 2l675;
Michigan Central 4, SEQ; Illinois Central, 1850
OPENING, HIGHEST PRICES
The following table shows the opening, highest and