The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-06
The Stock Market Active
and Stronger.
GOLD los 3-4 A los 7-S A los ga.
Government and Railroad Bonds
Higher and Strong.
HONEY on CALL EASY At 2li PEB CENT.
WALL STREET, !
TUESDAY. June Sd r. n. I

TUESDAY, June SEP. NJ
Those innocents the bears in their vaul,,ng ambi.
tion earn an honest penny upon the short side Of
tho market have apparently .oerleaped" themselves
and are being picked up BY tho bull party. much to
their discontinue. To-day the market took up
ward turn, not because the value o! properties had
improved that appetite had been created In the
ranks Of hungry investors who eager for posses
sion, but simply that the short Ind overtoppcd
the long account There really stomach
for stocks among tho .'outsde public than there
boon, and any apparent craving Tor them IS
~ false as An appetite that has been con-
etructed . basis OF ubsintho and Boxers
bitters sun, u Is the nature of bua TO gore
aud OF bears rend, and in dlo professional mar
kct such ~ present exists either one party or tho
ether must keep AZ work goring or rcndng 10 pre-
vent utter stagnatlon. The bears having had their
innings for back it quito fair that the
bulls should have thoirs to-day. This they took
way far by sening up prices and forcing
heir their short lines greater
less extent OF course the bulls had good Tor
revival OF values, and they pleaded II upon the evil
aence Of encouraging crop reports and upon the tpse
d1it OF Mr. Tom Scott that westward passenger fares
lines in hts control would not be reduced. Upon
this prices legitimaely and further
advanced legtmatey by the Jack-scrcwing process
which was made to work directly upon the fears OF
bears The whole matter Of great m 0.
mcnt beyond tho fact that rising market at
present 10 as oil unusual occurrence tho
exhibition OF a black swan, and beyond tho
Insurance that supporting party exists for stock
when its aid Is required general Improvement OF
IRON TO 2 per cent characterized tho market, the
trunk lines leading the way, and Western Union, as
an outsider, following In the wake. Tho advance In
Philadelphia of the Pennsylvania Railroad stock to o.
which probably owing President Scott's denying
,he report Of reduction OF fares for bound
passengers tended TO strengthen market.
So far thoro been question about fares to
West over any Of the lines; will Mr.. Scott DO
Explicit as TO what he means TO do with the fares OF
passengers bound east In this connection IL is stated
that tho Lake Snoro road will establish fast train
from Chicago TO New York carly week. TINS Is
decidedly much falrer and squarer mode OF
opposing the quick transit trains Of the rival
lines than by having to the doubtful cxpedi
ent Of reducing rates Mr.. Gould has Conc West to
look after his position director OF the Rock Island
Company. The question now arises, viii the Rock
Island Company look after Mr.. Gouldf So far he has
been neither useful ornamental as an Official OF
tho road, and the stockholders will to-day express by
their votes whether they willing to play snuck
arthng with their interests by permitting him TO
main In this emascuated capacity.
THE SALES
The sales OF active SOCKS to-day at the Board ag
regated 164. 900 shares, which were distributed as
ollows:--New York Central 1920; Erie, 600; Lake
Shore, 3l,650; Wabash, 100; Northwestern 100; do
preferred, 1000; Rock Island, l77oo; Milwaukee and
ST. Paul. 500; do. preferred, 6,l00; Pittsburg, $780,
Delaware, Lackawanna and Western, $4,000; New
Jersey Central 500; Delaware and Hudson Canal,
2720; Morris and Essex, 1850; Michigan Central,
6e25; Illinois Central, 8. 800; Union Pacific, 100
OPENING. HIGHEST LOWEST.
Tho following table shows tho opening, highest and