The New York herald., 1877-05-02
The Stock Market Active
and Stronger.
GOLD 1O6 ga A 100 7-8.
Government Bonds Firm and
Railroads Stronger.
Money on Call Easy at 2 a
g 1-2 Per Cent.
WALL STREET,
a N


It's a. nno q sight dancing sun upon an Easter
lay 10 SEQ the show window" bears, who proven
bally "decetiul beyond all things and desperately
wicked, dancing around tho May pole OF q recon-
sruc:cd market Yet to such satatory exercises has
the board for u day or two past been treated They
were IL again to-day, expressing by the frequent
change prices the agile movements OF the sdrdbdnd
tho lively OF the gapotte and the stately tread
OF tho ainuet de la Tho whole gamut OF an ir-
regular speculation was run, ranging up and down tho
scale OF prices raising and depressing the spirits OF
operators and driving them alternately from 'grave 10
ray lively TO severe" Prosaically, there were
fluctuations enough the day through to SUIT tho tastes
Of the most cxactng operators they simply the
big wigs of the market scalpers OF slow degree"
Most especially this rrcgularity manifested In such
stocks as western Union, Lake shore Central and
Hudson and tho carriers which ranged about with
the freedom of colt in paddock and with about the
same regard steadiness OF purpose. After midday
there was every reason TO believe that the course OF
the market to be steadily and surely upward for
not only we're the original bulls at work. but the con-
vertcd bear party joined hands, apparently IN tho
movement. Tho result was handsome rise through
out the active lst which prices up to the best
points OF the session. 1t failed to hold however, TO
tho end for the bears having been forced pretty
orally bite the dust the only real support to
tho market disappeared with them, and the sue
cccding attempts at realization met with In
different success So gong sound the
natural result exhibited itself in list of prices lower
by u to per than tho best showing of the day.
herd bulls deprived OF their patural pasturage OF
short contracts and considerable distrust OF the
future 1t is nevertheless safe to say that the auspices
OF a better market are promising II may be taken as
a fact that the 'nvcsiors scare" IS over for good
ana ALL and this circumstance alone the most
serious stumbling block to genera! Improvement
The short interest vast extent has been swept
away and yet the general market shows an Important
advance prices Of n week ago. and what is moro
allowing Tor cphcmcral luctuatious) Keeps It. There
is a general belief that tho worst mas been seen,
hat the outlook Of trade and commerce war
rants an advance, and that the moncyed public.
looking ior favorable Investments or promis-
ing spccuiations Will be brough; To SEQ II Also
One thing is certain, and that hes Tho TACT that the
initiative be taken by stock spectators them
selves The public is good follower but bad leader.
and can only be induced to take hold when suni-
GENTLY tempting bait rs offered. Whether the present
advance sustained the point OF securing this
desirable result rests pretty nearly IN tho hands OF
those who managingu
THE SALES
The sales OF active stocks to-day aggregated 266 900
shares " hich were distributed as ioows:-New York
Central Is AZ kric $40; Lake Shore. 5l,364; North
western, l,lo2; do, preferred 4,oooi ROCK isiahd,
p, 303; Fort Wayne, $40; Milwaukee and ST. Paul,
$50; DO preferred, lie, ,250; Pitsburg .92 Delaware
Lackawanna and Western, 54,Ss5; New Jersey Cen
lra 315; and Hudson Canal, IL, 1927 Morris
and Essex, $500; Michigan Central 1850; Illinois
Central 1850; Hannibal and st. Joseph, 700; do pre-
fcrred 300 OHIO and Mississippi 100; Panama, 700;
Western Union e. $780, Atlantic and Pacific Telegraph,
500; Pacific MAIL 3,lo0
HIGHEST AND LOWEST PRICES.
Tho following table shows the highest and lowest