The New York herald., 1877-03-03
General Improvement in Prices Of
Active Stocks.
GOLD 1o4 IA A 1o4 3-4.
Investment Securities
Stronger. !.
MONEY ON CALL 2 A 4 PER CENT.
WALL STREET,


The settlement Of the political question
which has long vibrated between the extremes OF
hope and fear was the chief topic Of conversation this
morning on 'Change. Whether satisfactory or not TO
one Of tho great political parties, IL will at least be
universally agreed that OF tho dangerous i'm
pediments which existed in the course Of trade and
commerce has been banshed out OF the way. An OBJ
stacIe removed Is opportunity gained, and look
10 see IL improved in tho direction OF revivng trade
and in stimulating the interests Of tho country 1t VIII
not DO questioned that vast sums OF money are lying
idle yielding but scanty return for their use that
would be put 10 work, provided that capitalists
could SEQ their way clearly and feel that there
was reasonable guarantee against loss
1t is not extravagant to suggest that the
finale of tho political mudde invites action
and to great degree promises safety. What is most
needed is to restore confidence and make beginning
0nce start the engine and the wheels OF trade will
mence TO revove, slowly at hrst attends the
OF heavily laden train but all the surely
and safely because tardily Festind iente is maxim
rs sound 1t Is classic and that will have to be
followed in the struggle toward better times, whether
II be liked or not. sudden plunge into prosperity
Is as unlikely to happen as is the possibility Of gather
Ing ngs from thorns; the descent from flush times has
been along dismal road, and the ascent promises TO
be painful and tedious IN proportion 1t is something,
however, to DO able to turn backs on the past
diilcrit but hopeful tramp toward prosperity. AS
CARDS the financial position, think that al least
this much has gained by the political settlement
and 1t is not too mucn to hope that gradual improve
ment IN business matters will offer substantial proofs
of the correctness OF the theory. Whether Stock Ex
change values were affected to-day by tho practical
application OF some such feeling Is not very clear,
though it is that the OF the market
directly tho reverse of yesterdays.
Tho feverish weakness which prevailed last night
gave place during tho morning to n condition of de-
sided strength, which ruled uncqually through tho
day, but brought up clos ng prices many instances
to the best figures OF the session
This was particularly tho case with Western Union
and Lake Shore, tho largest dealings being In these
stocks. Outward and visible signs went to show
Gould was still actively employed In selling tho first
named through the medium OF seller sixties; but the
stubbornness with which the price resisted a
fall is pretty good evidence that the process
was sham, and that quito much
more long stock was being taken for cash in the
regular way 1t is tho old ''niggcr' which has
infested the property since Gould has become entan-
gled in 1t, and 1t is likely to a mystery until
"Massa Jay" bursts tho company the company
bursts him. Some OF the pcnlient Twenty third street
bears were again buyers of Lake Shore to-day, tho
orders apparently proceeding "out OF the Carvcr's
bran." and were instrumental in carrying quotations
from 4s 49zs which latter the best and last Of
the day With various Irregularities the prices OF the
coal aud other railroad properties moderately
active, and general thing improved upon opening
figures, but were unnaucnccd by reports of
any sort worth noting
SALES TO-DAY.
The sales Of active stocks to-day aggregated log G37
shares, which were distributed as follows New FORK
Central and Hudson, $685. Erie, l,100; do. pre-
Ierred 300; Lake Shore 81 600; Wabash 800; North
western, 1850; do. preferred, c,000; Rock Island,
500; Milwaukee and st. Paul, 500; do. preferred,
1850; Delaware, Lackawanna and Western, 81 G25;
New Jersey Central, 2,073 Delaware ana Hud-
son Canal 6.G49; Morris and Essex, 3ol; Michigan
Central, 79O0 Illinois Central 100; Union Pacific,
$50; c., G. and l. c.. 2O0 Hannibal and ST. Joseph
100; do. preferred GOO; Ohio and Mississippi, 30;
Western Union, A. 9o0 Atlantic and Pacific Telegraph,
], ,O2O; Pacific Mail. 400.
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest and