The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-25
GOLD 104 rs A l04 ga A 104 7-8.
Investment Securities Generally
Steady.
THE BANK STATEMENT.
Government Bonds Quiet and Firm, and
Railroad Irregular
MONEY ON CALL 2 IL A 8 PER CENT.
WALL STREET,
SATURDAY, March 24--6 p. ~

I
Ms.I SATURDAY, March 24-8 p. M
The bullsh feeling still prevailed to-day, growing IN
intensity and becoming wider In its scope. Even the
Twentythrd street bears, who spit venom and utter
rank, poisonous sentiments TO the future, were de-
tected sly buyers of Lake Shore and Central and
Hudson, while to tho party from the Pacific at.
tributed the leadership in the general The
movement not without more than check, how.
ever, curing the day, aud the gain was in tho
way Of faith in a better market than in absolute in
in figures. While there are certain existing
causes which would authorize, invite, up-
ward turn Is not TO be forgotten that the entire
matter OF speculation Is simply huge gamble, IN
which the leading operators arc as much profession
ally engaged dusky "legs" in a questionable
"bank." II an upward impulse Is now TO DO given to
the market is because there better chance to win
the long side than on the short. It being demon
straple that while tho bear "dggings" have heen
pretty well yked out there remains bull placer Of
considerable richness which has lain neglected for
long period But while prices manipulated ike
puppets they who pull tho strings do advisedy.
sharper does not 'pigoon" johnny Raw unless he
has money worth winning, and his Stock Exchange
double does not rig tho market unless he sees good
for his Just he finds them In the
short accounts Of those who have boon so indusrI-
ously crying "havoc," and In certain signs which
pon. to prospective Improvement in the country's
ing confidence the so-caled investment shares and
IN the report that some definite scheme would pre-
sentcd at the meeting OF the coal COM
panies on Thursday, which, without going to
tho extent of combination, would tend 10
hurmonize conflicting interests and work to the mutual
advantage OF all concerned TO the railroads proper
fresh strength given by the information that the
presidents of the trunk lines woro in session at tho
Windsor Hotel for the purpose OF adjusting Now Eng
land frcights, and that tho Central and Hudson and
Erie had satisfactorily arranged the mooted question
between them upon tho same subject Tho alliance
between the railroads has been implicitly be-
levcd in, and has suffered under the imputaton a
Punic faith greatly the disadvantage OF tho propes
ties themselves, and It requires somo such assuring
action above referred to to dspel the belief that ths
compact Is not liable to sudden disruption Matters
looking thus comparatively cheerful It required ne
great effort give lift to values, and the power being
applied to the prominent favorites the rest Ok
the list followed in sympathy The stocks chiefly bene-
fitted Lake Shore, Central and Hudson, burlington
and Quincy and the coal carriers. while the misce-
lanoous list Jagged behind and in instances loss
the gain Of tho m ornng in final dealings Thus Wests
tern Union, after advancing per cent, closed at
opening figures whlc Atlantic and Pacific and Pacific
Mail made worse showing still. Nevertheless, the
market at tho end may be described as decidedly
strong for tho railroads, but somewhat irregular Tor
tho rest Of tho list.
THE SALES TO-DAY.
The sales active stocks to-day aggregated l79
shares which we're distributed as foll0ws:-New York
Central 1885, Erie, 1905 Lake Shore, AZ, 400; Norsh<
western 200; do preferred 1905 Rock Island, 400
Fort Wayne, $50; Milwaukee and st Paul, 100; do.
preferred 900; Pitsburg. 1885, Delaware. Lackawanna
ana Western, $50; New Jersey Central, 1500 Della
ware and Hudson Canal, 4,3S2; Morris and Essex.
aoO. Michigan Central, 100; Illinois Central, 45oy
Chicago. Burlington and Quincy. 2O6O Hannibal and
St. Joseph 2o0 do. preferred, 40o Ohio and Missis-
sippi $50; Western Union, 52475 Atlantic and Pacific
Telegraph, $40; Pacific Mail, $500; American Mer-
| chants Union Express, 120
OPENING, HIGHEST AND LOWEST
| The following table shows tho opening highest and