The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-01-30
FINANCIAL And COMMERCIAL.
The Stock Market Active, but Irregular-A
Reaction from the Lowest Prices.
THE GOLD MARKET LOWER AT log A los IS
Government Bonds Generally Firm-Railway
Mortgages Steady--Money on Call
and Per Cent.
WALL STREET.,


II turns out that the stocks. like the pms IN bowl
Ing alley we're only set up on Saturday night to DO
Knocked down again this morning. New Jersey Cen
Wal was the ball chosen to rood tor ten-strike
and II IL did not succeed in sweeping the board IN tho
way OF serious fal! II toppcd over many quotations
and rendered the whole list shaky. II Is an Old trick
10 bid up market close of the day for the pur
pose OF creating arm point d'dppui from which TO
launch supply Of long stock next morning, and in
this instance Il moderately successful AZ tho
market opened firmly. inclined to advance in the
case Of some fayorites and ouy gave way when New
Jersey Central was pressed for sale.
AS there were no new additions 10 the uniavorable
reports which rife about this security, II IL far 10
suppose that tho flow OF long stock IS at
lrbutable the fears OF holders who ut last have
awakened to tho dangerous ground they are treadng
Sales tho OF So 900 shares wero pretty
free expression Of this ceng the drop from 80 to
251s manifestation OF want OF confidence In
tho afternoon there appearance OF some orders
ostensby from the fraternity Of brotherly lovers, and
tho prcc responded rise to ~ u and finally
closed At 27A transactions in Delaware and Lacka-
wanna were to the extent 900 shares but tho
opinion In figures OF the value OF tho stock, pro and
con-, was more mildly expressed than in tho Of its
confrsre since tho variation for tho day limited
10 per cent which mostly nullded by tho stock
selling finally at 72a.
large dealings marked the course Of Western Union
and Lake Shore but fluctuations kept within tho
bounds Of one per cent.
Activity mostly created by the scramble OF the
baser hounds of the pack-the blue blooded sor-kecp
ing aloof and preparing give tongue when tho scent
lays hotter than II did to-day
An unusual amount OF business was done In the st.
Paul preferred stock ut declining figures, it being
ported that the OF earnings VIII be
unIavorabic than the last This property Is
earning about $3.50 600 per month"; which there little
hopes OF increasing before the fall. Allow double this
amount for the last tour months Of the year and We
have IN tabular form
Earnings Tor 1877 estimated Sd. 600 900
Working expenses t$5 900 Ou0 IN 1870 100000
sl,lOO 900
with which to pay ovor $4,000, 600 interest
$50. 900, 600 bonded debt
Changes IN other stocks were to less degree, and
The decline OF tha morning mostly madc up at the
close. Cold broke away from It's moorIngs Al 1865
t004 and foil of to 1865, under tho impression,
rather vaguely hold, that the present administration
would got of power undor the blaze OF
glory thata to specie payments would surround
with
THE SALES OF STOCKS TO-DAY
wero as follows :-Ncw York Central and Hudson,
LOSS; Eric, 1000; Lake Shore, 43,070; Wabash, 30O
Northwestern. 500; Northwestern preferred, 500;
Rock Island, 500; Milwaukee and st. Paul. 700; do
preferred, l0,50O; Delaware, Lackawanna ana West
ern &C., Now Jersey Central &c. 625; Delaware and
Hudson Canal, $40; Morris and Essex 800; Michigan
Central 1900; Illinois Central 100; Union Pacific
200: c., and l. c., 100; Ohios, 100; Western Union
24,4l0; Pacific Mail, 400
OPENING, HIGHEST LOWEST PRICES.
Tho following table shows the Opening, highest and