The New York herald., 1877-07-28
FINANCIAL and COMMERCIAL.
The Stock Market Still
Advancing
GOLD STEADY AT lO5 5.s A los Ia.
Government Bonds Firm-Raiiroad 6onos
Higher.
MONEY on CALL EASY At / ~ 4 2 PER CRSI
WALL srRsEr.

HRIpAr. July 27-oP.M.)
The upward movement 10 taking . more important
shape than mere reaction from the low prices pro-
duced by the strke II the temper OF the market ~ ex
hIbted to-day be any criterion Pretty much every
thing upon list especially Western Union aud the
trunk railroads, upon the upward turn, with N
average benefit accruing OF to 2s per cent Tho re
establishments Of order and with t the trao over the
blockadsd lines, the circumstances chiefly In
strumontal In keeping matters at the boiling posnsi
the unexpected and generally nscrutabls vitality
the telegraph fancy supplied avery marked addition
Of fuel to speculation. The whole stock joooing
element is considerably exercised as 10 what this
spasm IN Western Union may mean IL 10 quite Ger
tain that no Visible negotiations looking to compro
mise OF diGcut,es betweeu OF the tive
companies going and II is equally certain
that official friends OF tho old concern have not APP
pcarcd buyers, with perhaps one exception, who
may 0nd tho transaction 70 be matter OF more work
than play Even the increased receipts duo to exist
ing domands upon the wires. scarcely wurTant .
sudden advance OF 10 poiuss. do tho heavy pur-
chases for Mr. Gould's sccoupt intimate anything
more than that tho ebon Of our African
friend Ia lkciy TO be discovered 10 some
new gap Of tho taegraphio fence At any The
hrst sale made At 90 this morning. or just
2k per above yextcrday's closing dgures. rhAs
it should open had been sKifuy engineered after
board yesterday by sending numbsr OF brokers
.shoppng" ut the great bear offices and bidding in
creasng prices largo blocks Of stock The object Of
course, was TO intimidate rather than TO pur-
ohase, aud, following polics tactics. TO exhibit
the rod in pickle shorts blind to take tho hint
They did take IT, have SHOWN; Likewise took the
stock generously spared TO them by tho bulls. the
price meanwhile sinking away 10 66X in process Of
transfer Late 10 the day the ware again put
on aud tho quotation advanced TO 0s though In Anal
dealings It rscsded to 67E.
Tho most plausible theory that the hoiders Of long
ssockr s,uy avaiIsd themselves OF the strength Of
Western Union 10 create market upon which 70 sell
ont and this We imagine the solution Of the whole
matter. ~, M f4saf5 sra s4. oi ~
Though ess conspicuous in point Of activity, Central
and Hudson, Luke shore and she Western stocks 60.
oeived considerable attention. advancing smartly M
one time but losing something OF tho rise by realiza
son Of profits toward the close There were no special
features however, and prices changed In obsdsnce 70
the fluctuations IN the telegraph stock.
THE sALEs TO-DAY.
The transactions at the Stock Exchange to-day g.
areqated le3 500 shares New York Central, IL, o20i
Harlem. 1os; Erie, 2,270; Lake Shore n, 200; Wa
bash 500; Northwestern, 1900; do preferred, $40,
Rock Island, $500; Fort Wayne liz; Milwaukee
and St. Paul. $500; do. preferred, $1,000; Dsiawsres'
Lackawanns and western, TO- 23l New jersey Central,
1850; Delaware and Hudson Canal, 200; Morris and
essex, $780, Michigan Central 800; Illinois Central,
/ 7e3: q. c. aud c., 500; Hannibal and St Joseph,
100: do preferred 100; Panama, 1ooi Western Uaien,
SO, 765; Pacific Mail 800. ~
RtCHxsT AND LOWEST.
rta fo,,ou,n0 wcre Tho highest and lowest prices q