The New York herald., 1877-02-28
The Stock Market Active
and Steady.
GOLD lO4 7-8 A lO4 ga A lO4 rs.
Government Stocks Steady
Railway Bonds Lower.
Money on Call Easy at 1.2 Per Cent. with
Closing Price Per Cent on Call.
WALL SrREgr,

J
The bears have so long been playing blind hockey
with the Market and nnding the dice come up re-
sponsve to their call seven's the main, that they
esteem II personal grievance when they ind prices
turning against them as they did yesterday aud to-
day The Improvement initiated after midday yester.
day was, with occasional lapse, maintained to-day,
and In the or most stocks showed itseli IN
strongest form at tho close AZ Central and Hudson,
Lake shore and Delaware and Hudson had been the
greatest sufferers in the decline so were they the
chief stocks 10 benefit by the rse thus proving the
law Of compcnsatons and restoring pluck to faint
hearted bulls ut the same time. There is considerable
discussion In Stock Exchange circles as TO whether
the turn tor the better the market simply rc-
suits from twisting bears who have pushed matters
too far or whether something significant
n tho bottom OF It, II probable that both sides OF
The question are based upon sound premises AS re-
marked yesterday, the bear party have bad full swing
for weeks past, sailing down stream with clear
and rapid and picking up constant additions
to thcir company by the until loaded down TO the
guards they have struck tho shadows OF market un
duly choked with short contracts and unplensantly
exposed to the IRE OF such expecant bulls as may
elect u train their guns upon them. But In addition
to this scurry shorts there is evidence that
considerable amounts Of stock have been purchased
for the long account BY Of tacit consent the
Presidential question, the point OF settlement
Is regarded the last serious stumbling block IN the
way OF a dawning Improvement IN things anancai
and commercial Vast sums OF money now lying CON-
paratively idle are waiting the moment when peace
and confidence shall be assured find their way not
only into The general industries Of the country, but
into the better class securities which offered
It reasonable prices on the Stock Exchange While
the eggs the market to be broken under
any circumstances the good just as sure 10
bring forth their spring chickens IN good season.
There are those among capitalists who think It
cheaper purchase their chicks In the shell and take
The risk Of the hatchng walt tor the full grown
fowl and only require certainty Of future political
quietude to put their belief into practice and back II
up in tho shape Of certified checks.
The market to-day was sngularly free from outside
Influences thore simply being circulated report that
the Baltimore and Quo and Pennsylvania railroads had
refused to moet IN conclave with the other lines 10
gard to freight rates and that the coal companies.
dreadng the result OF the Delaware and Lackawanna
coal sale tomorrow had been using their exertons to
stop the same.
THE SALES TO-DAY.
The sales to-day aggregated 1s2, OO0 shares, which
wero distributed as follows:-New York Central and
Hudson, 1908; Erio 6,s0O; Lake Shore 27,sl5;
Northwestern, 700; do preferred, 1900; Rock Island
$500; Illinois Central, $50; Union Pacific 400; c., G.
and c. 140; Hannibal and ST. Joseph, 2 700; do pre-
ierred 900; Ohio and Mississippi, 500 Western Union
Bs,425; Atlantic aud Pacific Telegraph, LAO; Pacific
Mail, 1000; Milwaukee and ST. Paul. 500; 10 pre-.
ferred, S100; Pitsburg, 225; Delaware, LacKawanna
and Western $40; New Jersey Central, 2l7o; Della
ware and Hudson Canal, 5,9l0; Norris and Essex.
465; Michigan Central, IL. 300
OPENING HIGHEST AND LowEur PRICES.
The following table shows the opening, highest and
iorest prces Of the day:-