The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-01-27
FINANCIAL AND COMMERCIAL.
The Stock Market Heavy and LOwer-A Fur.
ther Decline in Coal Shares.
GOLD STEADY AT LOG Is A LOG IL.
Money on Call 3 and 4 Per Cent Government
"a and Railway Bonds Firm, Except
for st. Paul Issues.
WALL STREET, /
Un.. OH ~ - NJ 4

FRIDAY, Jan. 26--6 r. NJ
To-day has proved to DO jour maigre in stock
circles, which II appropriate enough Tor Friday.
though brokers friends OF ''short commons"
DO they In the shape OF orders excitement.
The California party TO be laying upon their
for the time being, and meanwhile the several
stocks which they have been supporting are allowed
to drn away toward lower prices. The antcipations
founded upon tho closing strength OF Yesterdays mar
ket not realized a, the opening day. since the
quotations tended steadily downward In almost all
the lowest ngurcs made at the end
OF the session Not that the decline easy as the
tdcslis descensus OF Virgil that the market brought
up under fervidy uncomfortable circumstances but
stl TO the large contingent who had been trading for
higher prices tho result a surprise and dsap-
pointnient
Naturally so, too for expectations of better figures
had been founded upon the action OF Congress and
upon the growing ease Of money; but neither
the other was OF the oast help AS usual Lake Shore
and Western Union bore OF the palm tor activity and
mered it, for amount OF transactions, though neither
Accordingly popular as It had becn for
days back much the object OF clique attention
In the Vanderbilt property largo sales made
iC1s 56s4 by tho Turnverein operators OF Exchange
cours; but IS doubted whether any nmbe sixpences
gathered, though tho transactions proved "a
ood enough Morgan" depress the price to 56A and
tor the Of he day. Telegraph shares
Tell of from Tx IT. and closed at eighth Inn
provemcnt There was no masterhand to be dscerped
In their manipulation and device had
the way OF support, unless tho publication of
comic pamphlet dscoursng upon the worthessness Of
the Atlantic and Pacific rival made for that pur
posc To disinterested observer 1t might that
the shoe was beginning to pinch the old company,
under tho pressure Of active oppostion and
t,nuous cutting Of rates
There were ups and downs In tho coal stocks to
fair amount OF business, but nothing new Is 10 be
added the statement heretofore made as TO their
condition present or future st. Paul. preferred Is
again running per cent lower In addition TO the de-
OF business ugly stories aaoat, the truth Of
which Ia likely to be ventilated the courts before
many days.
Some little sensation was created by the failure of
Messrs BALDWIN Kimball. but beyond tho SALE
under tho rule of Mariposs shares for their
count tho market not Affected II is stated that
their liabilities small and
standing with stockholders
During the last hour some little recovery took place.
particularly IN Delaware and Lackawanna, but as a
whole the market anything but satisfactory and
closed feverish and unsettled.
THE SALES
The transactions at the Stock Exchange to-day
aggregated 49, 344 shares Now York Central and
Hudson. 665; Erie, $780, Lake Shore, 81, 900; North
western, $50; Northwestern preferred, 60O Rock
Island, 1850; Pacific Mail, 1900; ST. Paul, 5O0 St
Paul preferred. A. 7OO Ohios. 2 500; Western Union
Western, 49, 400 Now Jersey Central, $500; Michigan
Central 1850; Illinois Central $50; Delaware and
Hudson Canal. a64b; Marposa, 1900; Marposa pro-
ferred, 500.
oPKxING, uiGmRsr AND LOWEST PRICES.
Tho following table shows the Opening, highest and