The New York herald., 1877-10-20
The Stock Market Fairly Active and
Strong Until the Close.
GOLD 1O2 "a A 1O2 7-8.
Government Bonds Weak, States Dull and
Railroads Generally Strong
Money on Call Easy ut J Per Cent, with Ex.
rplional Loans at "A Per Cent.
WALL STREET,

FRIDAY, Ocl. 10 +. III.
the depressed state into which tho market had bcon
plunged by extensive sales for account OF portion Of
the bull clique having partially recovered from.
by sudden start up in prices yesterday, WAS nearly
blotted out by further advance this morning Nearly
everything benefited thereby except the bears'
pockets which naturally shrunk back TO tie chrome
state Of collapse which has beon their condition for
last three months. Alter the nrst hour, however.
matters stcadiod down TO q state Of dull lrmness
which dwarfcd transactions aud kept prices within
The limits OF unmportane fluctuations. Daring
tho last hour something OF slip occurred
all through the list as though tho upward
grade had turned out to DO hoavor than
had been looked for and there not steam
enough on to surmount t. The detection Of such
pert stokers Cammack, Osborn and others of that
TX was seriously felt for tho first time, and tho spocu
latve engine gaspod Intellectually for want OF proper
firing.
Necessarily prices clipped back and tho whole
market closed fractionally or from best figures
paratively weak. II is quito natural that should SO
close for moments reflection will convince the OBJ
server that the late reazaons have exhausted pro-
portonate amount Of stamina from the bulls. The
treo exhibition Of shares by the realizing partios
threatened disaster. and, matter OF
scIi-preservation. compelled support from tho,
rump of the bull clique. There were fow
shorts 10 second thor efforts public whatever,
So 900 shares havo found their way into the
spot" additional load to bc carried dimin-
ished supply OF capital and credit. An impressions
prevails that OF the cheaper stocks will accord
ingy be chosen for rise, being only Influential
In sustaining tho Market but easy to handle The freely
circulated advice TO buy Ohos Erie and Wabash which
be had gratis to-day, londs color to tho suppo
siton and may bo worth taking As regards Erie,
much confidence Expressed its reaching higher
Hi thAr than tha N -
that the English stockholders will make themselves
sufficiently strong to relieve tho road OF receiver ana
prove that earnings sufficient to pay current
interest bonds well as the running ex-y
penscs. The Hannibal and st. Joseph flu
which created such breeze at tho meeting yester u
was renewed In q somewhat xephyrous way at
board to-day. prominent stocknolder, who was uu-
question ably right in tho position which he assumed
ut the meeting. but forgetting this morning thas
.sthrcc is he armed who hath his quarrel just" OK
hib,ted unnecessary addition 70 his arsenal 40
warning to Gould and his myrmidons should the lat.
ter threaten convert financial disagreement into
u physcal assault After board hours somo further
legislation attempted the eternal subject OF ~
commission law. Somo avo hundred members q"
moro have petitioned the Governing Committee 10.
further change the rates. but this
tutc body has quietly given them the -
by and tabled tho communication. worry MI
Indignation was exhibited at the meeting, most %
those present recognizing the fact that the difficulty
10y, not in the rates OF commission but in tho doarth
OF business. With ], 900 members camorng for o.
amount OF trade hardly adequate for 500, Il Will bs
found pretty difficult legisasc for satisfactory roe
suit Auy dog iancier In tho language OF the Fenne
would express the difficulty arising from tho faot
that sphere are too many pups for the teata"
OPENING PRICES.
The opening priccs were as foows:-Gold, 1o21s
Western Union 7yA Lake Shore, COX; New York Cen.
tra lo7s<: Rock Island, lo2A; Michigan Central o.;
Delaware, Lackawanna ana Western, 61k; Delaware
and Hudson, -; Morris and Essex, 76X; Erie.
l3I; Ohios, 10H Wabash. l6h; St Paul, SSH
do preferred, 69 Northwestern, 39k do. preferred.
s5X; Pacific Mail, ~; Illinois Contra 77h; Hannibal
and St Joseph. llX; do preferred, 23x: Quick
silver preferred, 3,s; c., G., and L. ~; Pitsburg,
81 Chicago Alton. so; do. prsforred los; Voss
Wayne, o.