The New York herald., 1877-01-15
FINANCIAL and COMMERCIAL.
Review Of the Week-The Stock Market, in
Some Of Its Specialtics Firm and Active.
GOLD HIGHER.
Money on Call Easier-GOvernme Ponds Rising
in Value-Railway and State Bonds in
Better Demand Mining News.
WALL STREET,
, 49, - ~ lQSG

st SUNDAY. Jan. a. 1871
Another week has slipped by without the occurrence
In financial and political affairs OF any sufficiently
important TO make impression the stock mar
ket Changes in values have accordingly been few,
and such have happened due circu instances
that originated almost wholly within the walls OF the
Stock Exchange. The most notable one Is that which
has occurred IN the Of Lake Shore. Since Mr..
yanderbilt's death this security has Withdrawn gradu
ally under cloud-a cloud not much bigger than
mans hnnd, is truc but sufficiently threatening to
lrghten away old frieuds for fear or possible
BURST and TO attract now enemies, who like wreck
ers at sea, grow fat disaster. 1t popularity
supposed that Tho Commodore had so tied
up his railway property that any chance Of an i'm
portant amount Of shares coming upon the market
was out Of the question, and this belief backed up
The opinion that speculation IN them was unusually
safe When turned out, however that provisions
Of the will required restrictions OF this nature that
tho Investment in Lake Shore shares was of CON-
paratvely moderate amount and that Mr.. Vanderbilt
would DO likely concern himself chiefly about the
Central aud Hudson property, there feeling
Of dstrust which brought stock to market with
marked dec ne In value. From tho highest point Of
The late rise tho market price has receded
per cent, and, what important, speculative in
lerest has rcceded also.
But stock jobbers the carpet OF finance
facility those roaming patriots do IRON State TO
State, hence there was nothing remarkable In the
sight OF the old supporters OF the favorte transferring
their allegiance to new idol in tho shape Western
Union this time--the mysterious Mammon that
ceives It's breath IRON heaven and uses Jay Gould
fo0tstooL In fact THIS latter parsonage as victim OF
unbeef is really the main support OF the whole fabric
OF bull movement. Like the buffer Of railroad car
the magnitude OF his short contracts relied upon TO
take up the shock OF sharp decline, while ut the
Same time It offers reliable security upon which to
have full head Of steam and open throttle in tho
way OF advance Periodically a sharp
turn Is given Of this nature, and the past week
oIors the spectacle Of its recurrence large
transactions and material increaso OF price. or
course Mr. Gould is the bull'seyo Of the target or
properly the target OF bulls eyes, But there
ID little evidence Of hts having yet been seriously hit
although the wiseacres OF the Board insist that he has
covered largely. II has been uncom trick for
this "sthy tovo' to sail along company with the
bull squadron, and, when tho time camc to throw
overheard his cargo before hts adversares could start
their hatches and may again that the present
pool will find themselves encumbered with not-
san and ctsam OF cash stock than they will ind It
convenient to carry. 1t certainly woulo appear that
Gould Is not In rapid retreat judging IRON the dspo
sition OF his brokers to put seller 90 options as
prices harden.
In limited way illinois Central has attracted atten-
tion from mercuriaI auctuations which have had,
backward and forward, range Of seven points It's
future Is beloved 10 be unpieasantly black, and, as
holders realize the situation long stock Is forced for
sale figures which receive but little resistance IRON
the small short interest existing.
In general terms the rest Of the list remained at
nearly unchanged prices, although At ono time the
effort to restore the old combination gave lie and
faded away, however, when thcre found to be a
hitch IN the negotiations, ana they have taken back
seat until something fresh turns ur.
THE TRANSACTIONS OF THE WEEK
The following table represents the opening. highest
and lowest sales regular way OF the principal stocks
during the past week. together with the number Of
shares dealt in-