The New York herald., 1877-01-22
The Chief Events of the Week-An
Irregular Market.
GOLD STEADY.
Government Bonds and Railway Mortgages
Firm-Money on Call Abundant and
Tending to Lower Rates.
WALL STREET, |


Tho past week has been prolific Of series Of ups
and downs in the scale OF prices with net result
slightly favor Of the former. This accomplished
by the persistent efforts OF clique, whose men and
money. hailing from the Pacific slope, have been de-
voted to q somewhat spasmodic endcavor 10 advance
the price of Western Union. 1t has been rather dfi.
cult work at all times, and fruitless often when
expected blocks Of long stock came tumbing into the
hands OF thepooL sli the effort persisted 10 with
D good deal of tepacity, though the reward Is the
meagre one OF only two points gain for the weeks
labor II not much OF success In ITSELF its vicarous
influence upon the rest of marxet important.
Weak spots were strengthened and strong
dered more SO, while more healthful complexion
spread over nearly the entire list. Among
The arst are 10 be noticed Erie and Pa
enc MAIL which were SO 10 speak, shaken
up, patted the back aud In
general way pulled together and their legs in
better form than has recently characterized them II
is true further progress made, and they remain
not over steady on their pins, but si they are IN
condition to take step in advance when the time
comes Among tho strong stocks which have grown
stronger we place Michigan Central Central and Hud-
son, and Lake Sherc, which, emerging from mottled
condition which marked them the middle of the
week, have taken upon them healthier hue at the end
OF II. The snow blockade and rumors OF breakdown
In the railroad compact, affected prices injuriousy,
but the FIRST obstruction has been shovelled away and
the second Is oAicially denied and with their removal
come confident feeling and better prices After
having Its head under water repeatedly, New Jersey
Central, In final dealings, came up smiling with
advance for the week of two per cent The
Shorts on the contrary, laughing upon the wrong
SIDE OF tho mouth. condition OF painful cachnation
attributable to injudicious sales, under the belief
that the concern was In state of fatal financial
snarl that admitted of no disentangement Tho ma
teria decline brought about by this report was how
quickly recovered from when II authorltavey
announced that the knot was not so hopelessy hard
alter ALL and the price rapidly undor the covering
OF shorts and the necessity for cash stock, which
time exacted bonus OF u per cent Tor single
days use
Even the ST Paul stocks made some headway on the
wock's work in spite of the comparsons-n every way
odious-which forced to be made between the
earnings ofthis season and those Of last
At the close the tone OF the general market may be
regarded strong and buoyant, the controlling
Of which may be found in the almost universal belief
that the plan before Congress for settling the
Presidential difficulty will be brought into successful
operation and that the flow OF currency to this
promises cheaper money and It's attendant incentive
speculation.
THE. TRANSACTIONS WEEK.
The following tabc shows the opening highest
and lowest sales regular way Of the principal Stocks
during the past week. together with the number Of
shares dealt n:--