The New York herald., 1877-08-31
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Fluctuating.
GOLD l04 Is A l04 IA A 104 l-S.
Government Bonds Steady, States Dull
and Railroads Higher.
GOLD lO4 l-S A 104 IA A lO4 is.
MONEY ON CALL A 4 PER CENT.
WALL STREET.


THURSDAY, August 30--6 r. NJ
The bears which yesterday thought they had At last
got the bulls the horDs, found out their mistake
day paid tho usual penalty OF covering their shorts
at loss we'll as themselves with shame and confu.
sion. All evil effect upon the market arising from the
uhicago bank failure and the Rock Island Railroad
slaughter completely whrled out of sight if
II had boon struck by yesterdays tornado and the
financial skies shone clear this morning they had
done after last evenings gust With Taurus the
Sodiacsl sigu IN the ascendant and Mr. Vanderbilt as
astrologer In chief 1t is possible work horo-
scope portentous OF calamity TO bears, but tull OF
promise bulls. Such work the Saratoga contingent
TO buckle TO without fear OF consequences, and
the rafting support given to the market early in the
day was a good proof OF either their confidence
or audacity. The turn upward was spread through
the list being however, especially felt in Lake
Shore, Central and Hudson, Rock Island aud the
called granger stocks, the gain reaching from "a TO
per cont While the intention was first, to demon
the fact that prices held with iron hand
second, TO teach the bears q salutary lesson.
extra strength was obtained from the report, which
believe to be reliable that the trunk roads would
on Saturday mako up the tariffs on Western bound
freight. The Executive Committee OF the Western
Union Company, at their meeting to-day proceeded 10
give the 0rst Of the in the way Of similar
twisting of rates. 1t s understood that new schedule
Oh prices Wo6 uCCcpteu passeu over 70
tho Atlantic and Pacific Company for approval
As q matter OF policy tho first ad-
vance is not likely TO be serious but the
fear 10 lest by further and future advances the public
may put the torture in old nquisitoral times
they graded the punishment to the endurance Of the
patient
After midday, the sucking bears Of the last threo
days having been weaned FROM their folly aud cffec
tually put to rout, the temporary support to tho
ket faded away also and general decline TOOK place.
which brought prices back nearly to where they hal
started from. Meantime II is not apparent that any
market-evan q professional one--has been made for
the enormous load of stocks which have bcen accumu
lated the testimony from the Offices OF old.iash
Toned, conservative commission brokers Is that the
opportunity has been avalod Of to get rid OF impor-
tant of stocks which have been long held as
10 have almost reached the dignity of heirlooms.
SALES TO-DAY.
The sales Of active stocks at the Board day aggre
gated 1s937s shaies, which were distributed fol-
,ows:-New York Central, $3.50; Erie, 900; Lake
Shore, 37s2S Wabash, 12.64o; Northwestern, 8, 800;
do preferred, TO- 0UO Rock Island T. 800; Milwaukee
and ST. Paul. $3.50; do preferred 10, 2ao; Pitsburg
400; Delaware, Lackawanna and Western, $500; New
Jersey Central, $751; Delaware and Hudson Canal 600;
Morris and Essex. 900; Michigan Central, 14,Soo;
Illinois Central. 1000; Union Pacific, 5O0 G., &. aud
l. c., q 1872; Hannibal and St. Joseph, 1.20O DO. pre-
ferred 1,025 Ohio and Mississippi IL, 3,15o; Western
Union, %, 100
OPENING, HIGHEST AND LOWEST.