The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-03
4 Rally in the Stock Market
and Prices Firmer.
GOLD 11A ga A 112 So.
hvernment Bonds Strong Railway Bonds
Steady-Investment Shares Higher.
I0NRY On CALL sl2 AND 8 PER CENT.
WALL STREET, |


FRIDAY juno 2-6 r. u
The information possessed by q few individuals, yes
eray that further reduction freight charges would
% Immediately declared by the Lake Shore Company
,nabled these lucky sell the stock at prices
Angling from 81 10 So sale after the close OF bus
less by Mr. vanderbits brokers was an additional
proof that there loose somewhere, and the
snect was shown in the prices thus morning, which
opened weak and broke down TO 62< before noon Tho
party large sellers again to-
day. though they mot wide awake as usual and
lost tho or the market Toward the close there
was rally to IS, helped partly by the spirit in
western Union and partly by the feeling underlying
the whole market that II no particular advance in the
stock list 10 to be looked Immediately there at
east strong reasons to believe that the fall is checked
for the present
II Lake Shore barely Succeeded in holding its own il
was otherwise with the Granger stocks, which are
assuming prominence In speculation that they have
for . long time been strangers to. There good
TX per cont rise in ST Paul preferred and advance
Of pcr cont Northwestern preferred, both stocks
creeping steadily without noise or buse but after
fashion that seemed to business. The largely
increased grain traffic those lines, with the
responding Improvement TO their exchcquer added to
hints quietly given out by authority that dividend on
he common sorts Of stock is within the bounds Of
possibility are attracting buyers 1t is well known
however that hope is addicted 10 telling attering
tales, which In nine times out Of ten moro to be
relied upon than those mendacous variations so es-
tcemed by the gallant marine corps
Perhaps the greatest activity coupled with magni-
tudc OF operations may set down Western Union,
though the advance Of the day, confined to one per
cent scarcely equal to the Western railroads
There unquestionabe covering of shorts on tho
part of dealers who have kept steadily the bear side
bull It is generally conceded that dividend
will be declared Of at least Ia per cent, whether
It 10 earned not and reports Of the increased
ceipts Of the company over last years exhibit
freely circulated. II appears to be the policy to
let stockholders the color of their money
for this quarter at least give sop to Cerberus
though poles and wires suffer the fate Of Mr.. Manta
lins ''bow-wows" AS 1t is, the point to- buy is cir
cuated with such studied secrecy that half the Board
to-day has been whispering in the other half's ear
with the result of establishing unusual rmness and
. very decided appearance of further advance to-
morrow
The stiffness in the money market has vanished and
offerings were made as low as per cent per annum
This Is not favorable Representation of ad-
vancing Market unless It should have arisen from
ceptionable causes
THE SALES TO-DAY.
The transactions at the Stock Exchange to-day ag-
gregated 81, 800 shares-New YORK Central and Hud-
son. 100; Erie. 24oO; Lake Shore, 81 800; Cleveland
and Pttsburg 1907 Northwestern, 1000; Northwestern
preferred 700; Rock Island, 800; Pacific Mail 1900;
et Paul. 100; S. Paul preferred $780, Ohos 300;
Western Union 80 5oo Wabash, AGO. Michigan Central
LEGO; Delaware, Lackawanna and Western, $50;
Union Mining Company, LOO.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening. highest and