The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-01-23
FTN4NCL:L and COMMERCIAL.

MONDAY, Jan. 22-P. M-Thc speculation
at the Stock Exchange developed an active
market. and prices Of the leading specialties
further advanced = to IA y cent. Western
Union. Lake Shore. and Michigan Central were
the conspicuous features Of the day, the first
named opening strong at 764. and soon I'D
vancing To II. but ut these figures there were
rcali2atons added to short sales which in tho
aggregate amounted to i5oOVq 10000 shares. A
reaction to rex was therefore naturally re-
corded. though soon after midday this stock
started on the upward tack again. and under
the influence Of purchases TO the ex-
tent Of about 10000 shares in large blocks
the price moved up rapidly to IL. but later re-
acting TO 77a. at which II closed. Michigan
Central yielded "a q cent. to 49,, seller
8. in tho early transactions. hut became q
strong leader of the market before midday, ac-
companicd by n rise TO 5Oi4 at the second board,
after which it sold down TO 49,. and closed at
491. Lake Shore was also weak nj the opening
recording drop from Box TO 5dt. though at
the afternoon call II ran up q cent. to 81 y
with final dealings at the highest figures. The
upward movement was accelerated 10y an active
scramble among the shorts "a cover their con-
tracts and II II possible that this stock may
soon record q reaction, although closing strong
~ raul preferred. alter dropping during
the morning from ass 10 4s4 rallied
in sympathy with the remainder OF the
active list 10 4g,s and the common. was at
stocks were alternately, weak and strong; Della
wgrc Lac kawannu and Western d. lining from
H. rsl o. lt' y, wv rt,9vNSry Of : cent end
dropped from 80 % 3jit. regular way. and 49,
s'ii"r so. at"r which II rallied 10 HA. Erie
ranged al 10 lO',. buyer q. eblo'.: and 10 X
Island was % higher At 1875 alter > t. NJ. but
u inn transactions w,r" ~ l0l p. sellers, "a lu9
Northwestern preferred was strong at 81 J, and
subsequently yielding To 3eh. Now York Cen
trial sold at ioiA lcJs under the rule. cSlois, in
lfIf AZ a.. IN sNA "A
~ l2frll Tor 30 share amounts and Union Pa-i-
r. ros. cent TO Ga. Harlem brought 1i0 :
HANNIBAL and 81 Joseph preferred 20. seller 3 I:
Delaware and HUDSON having been weak at II a
@Iot, snnrr -, r70'i; aud Pacific Mail selling
al q '.W2iA. scller5.
Tho movements Of the day gave Indications
OF more active spc. ulation during the week
ana no market closed strong AZ "a rca ton OF
"a ! T. cent, as compared with tho beet points
established.
The total number Of shares dealt IN was 2is.-
lg,, of which Western Union rrpr,s.i;nd W st.i
Lake Shore bo.5dO Michigan C'ntral. 81 $50: ST.
and Western. $500; Ere, 1000 Rock Island
st. Paul, 100; NV Y"rk Central Cen a .5g NV
Jersey Central, 500. Ohios, 2,lcp: Union Pa
ciii.. 1870: Delaware and Hudson Canal. $50
Wabash. sCoi Pacific Mail 500; Paciit. Of Mis-
souri,, so: Ohio preferred. 200; Adams Express
10; Dqhpqu, and Sioux City, 100; Hurlcn 100;
Central. 100; and Maryland Coal. So
Ihr gold market reiie It'd a ii.ir business the
ton" having been STEADY until about f. NJ
Wncu the prlc. Il. p, lined from i0i : Ia los'l .S
INK a. tho lower quotation. There were no
special influences affecting the market aside
from a disposition 10 realize in moderate
Tie following were TIE principal transactions.
10 NJ. .ieis T. i5P ...icas Tsp N......ln'f
In loans the rat,- pad ior having balances carri,d
w,r, sli.,i,. gold balance, H. 1857 aid ctl',1v
halang, sI-'.'2 lho sulr,Asur> r,.,o n,d S,..u'i
Dc l,'t sun0pl TAt day hl.inc- ~ tc tuii,i States
Sui Tr,a-uf, w's gold i,ccIt.. sliiu., %. cDld Ia,.
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