The New York herald., 1877-06-29
The Stock Market More
Active and Higher.
GOLD 1O5 1-8 A 1O5 IA.
Government Stocks Highe'-Rairoad
Bonds Quiet and Unchanged
HONEY on CALL EASY 1T | 2 PER CENT
W ALI srRxEF,

WALL SrRsEF,
THURSDAY, June 2S-6 p H.
Bears N . rule like their tenn perasure rGppte, and
don't cotton much to summer weather. Consequently,
when the bulls made It ..warmn Tor them this morn
ing by bidding up Western Union and Lake Shore,
they petook themseives speedily TO cover. Anding IN
lts grateful shades repose and safety.
Why these two stocks should have been held
especial rods in pickle threatening castgaon 70 ven-
Iurssome shorts not clearly apparent except upon
The theory that In these securities might like
children be spoiled by bong spared the salutary
whack.
They not spared entirely. the punishment be-
ing mildly administered by rise in Western Union TO
bSX ana in Lake shore 70 4S.
OF course the upward snap was due especially
to the often repeated, never failing opportunity
taken to twist an oversod market, but the
movement required the backing Of plausible reasons,
and these It got shape Of reports that the West
ern crops promised abundant future ireighs 70 tho
Lake Shore road and thai the earnings OF the telegraph
company greater than had been expected.
Meanwhile news comes from Baltimore Of rebrew-
Ing OF the trouble In the immaculate Baltimore and
Ohio railroad The Stock which had, after its drop OF
i6 per cent In one day, been rallied some twenty
points, or to par is again offered at 9o cash and 90
seller, sixty, fiat.
This event, which intoxicated our Southern neigh
more effect than SO much small beer upon our own
market
On the OCCASION OF the previous decline the fact
used depress prices here; to-day Its reoccur
renee Is disregarded. Hence We have further proof
that circumstances do occasionally alter cases.
Prices were better the list through, improving with
the end closing the advance The better feel
Ing spread to the bonds OF both government and rail-
roads, former receiving than usual attention
through the medium OF brisk domand, at advancing
prices which, with exceptions, tho latter
shared in.
As further evidence Of peace among the railroads
10 stated that the Central Hudson and Erie roads
have agreed treaty which will regulate the rates
Of local trafc and do away with Improbable compe-
ttion. This had something TO do unquestionaby with
the steadiness this morning Of the Vanderbilt property
while the fact wired as grain Of comfort 10
desponding English holders OF the Erie fancy.
SALES TO-DAY.
The sales Of active stocks At the Board to-day az
yregated 1ls00O shares, which were distributed
follows:-New York Central, 8,l00; Harlem 700;
Erie $50; Lake Shore Ii, 300; Wabash, 400; North
western 900; do preferred, 1850; Rock Island, 1885,
Fort Wayne, 100; Milwaukee and ST. P,ul, 400; do.
preferred, 5000; Pittsburg, 100; Delaware, Lack
lwanna and Western, 1890; New Jersey Central,
$50; Delaware and Hudson Canal, $500; Morris and
Essex 900 Michigan Central l,20S Illinois Central,
bUO; Union Pacific, 1O0 c., c. and c., 100; Hannibal
and St Joseph 1900; do. preferred, 1000; Ohio and
Mississippi, 900; Panama, 1877 Western Union, 4o,l5o
Pacific all, 2oo Quicksilver 100; do. preferred, 100
HIGHsT AND LOWEST.
Tho following were the highest and loves. prices OF