The New York herald., 1877-01-21
The Stock Market Moderately Active and
Frm-A Better Outlook.
GOLD 1O6 1-2 A 1O6 SO,
Government Ponds Strong and in Good De-
mana-Raiiway Bonds Steady--Money
on Call and A Per Cent
The Bank Statement
WALL STREET,

SATURDAY. Jan. 20-6 p MI
Stock Exchange bulls went homo happy this after.
noon under tho surety that the prices othc day
had been at the finish and with market closing
strong and buoyant Quotations had gradually worked
upward during early hours, through the good impress
sion made by the hopeful news from Washington. and
still further strengthened by the favorabs bank
statement, which exhibits an increase OF gold OF
81, ,237, 800 and OF legal tenders Of $3,OS5, 900.
This latter item being looked upon as guarantee
that the recent sharp ratos for oanabo funds wero
about over greater willingness was manifested tn
upon the long side OF tho speculation, aud
tempted buyers accordance. The old favortcs were
again brought to the front, with Lake Shore Western
Union and Central and Hudson offering the chief
attraction Although tho amount OF business showed
no increase there more general desire TO deal
in the whole list, which lent cheerful aspect 10
things.
The Western Union party seemed to have taken new
heart and went their work with that secured
a net gain OF "a por cent and promise 10 do still
better during the coming week: The point OF 80 Is
regarded Offering critical situation in the move
ment, and 1t is probable that tug of war will come
about that time the shorts and longs that will
test the powers Of the pool considerably.
Meantime they have washed their hands OF Pacific
MAIL after gently touching it two days back and left
IL to sink into its old dulness Lake Shore ahead
greatest number OF sales and securing arise OF per
cont, which stood to its credit at the end
Even Ohios which had sunk to 65s, recovered
smartly to 7 in fnal dealings. through sympathy with
its more sprshtly ncighbor and under renewed
assurances OF much higher 6gurcs which arc
to result from the fostering caro- of the Baltimore
and Ohio Railroad The truth appears to bc that few
thousand shares picked up by the camp followers Of
the market asts week. when largo purchases were
made by prominent SPECTATORS have been sold out in
disgust and are NO longer pressing tho price down.
Michigan Central appeared Tor 1900 shares but the
hocus pocus OF Mr. sagc's privileges while it created
trade prevented any considerable advance.
Central and Hudson continued its strength from yes-
erday and made the best Of The day point of
improvement rising from 1O3 TO 1047s and closing at
fraction lower. Tho coal stocks remained without
notable alteration and we're only remarkable from the
fact that precisely the number OF shures changed
hands in each OF the two prominent fancies.
As before mentioned, money is flowing into the mar
ket and was to-day easily obanabe at three per cont
This fact and the improved political situation are
hopeful signs of more ana buoyant state OF
financial affairs.
THE SALES TO-DAY
Tho transactions at the Stock Exchange to-day aggrc-
ga, 100 600 shares:-New York Central and Hudson,
020; Erie 700; Lake Shore 80, 400; Northwestern,
7Oo do preferred 1400; Rock Island, 5000; Pacific
Mai 700; st. Paul, 100; do Preferred 1850; Ohos,
1850; Western Union, 23,070; Wabash, 200; Union
Pacific, !. 575; Delaware. Lackawanna and Western,
g. 900; New Jersey Central, 5000; Michigan Central,
| H. 300 llnos Central, 1850.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows tho opening, highest and
lowcst pr,ccs of the day -