The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-24
An Active and Strong
Market.
GENERAL ADVANCED IN PRICES
GOLD 1O4 7-8 A 1O4 "a.
Government and Railroad Bonds
Quiet and Firm.
Money Easy at 2 1-2 a 8 Per
Cent on Call.
WALL STREET.

!
Stock Exchange bears who have been pleasantly
slipping over down grade prices to-day taught
the value OF return ticket the price OF which reg.
uatcd by tho quotations of strong and rising market
This turn upward In tho course of speculation may
something or nothing SO entirely is the whole
matter IN tho hands Of professional spectators that
the Of prices, be up or down, IL sgnn-
cant vi nothing than tho artinciay of the mar.
ket OF the powers that control IT, An advantage,
clevery taken VI investors fears and ccvcry manipu.
lated TO the delriment of prominent securities, has
been pushed by leading bears, to the Generalization Of
the whole market and greatly to their prol, There
arc some symptoms however that this little gamo
Is nearing Its ond that transatantic partners bayc
played their best cards, and that tricks the homo
market TO be readily gathered as heretofore.
In word appearances point to belief that the scare
abatng in the ranks Of investors, while an examina
ton OF stock quotations shows that spirit Of re.
sistaucc 10 prolonged decline has sprung up, ana Is
not readily By all the k,ar pressure That
stocks .dic hard" becoming only the expression,
but tho con vicon of many operators upon the short
side OF the account and would not be surprising ia
find these dcslructionsts speedily whipping over 10
the bull sidc and busy tanning into new Info the OK.
stcnce which they have scdulously boon endeavor
ing 10 crush The Tweptythird street people still
stick pcrtnacous!y to their destructive ideas, and can
SEQ no future ahead but encompassed by the
not unknown, and they have happened hereto.
fore in their very ncghborhood, vdeticst the
period when tho corner went long Of gold on
basis OF "gorc' and the prospect OF an eternal smash
Converts then. they likely TO become SO again. and
will be, if-there Is money IN It, Steady buying Of
Western Union and Lake Shore not only stifIencd
quotations but was instrumental turning tho whole
market in an upward direction. Outlying predatory
parties of scarers early asccrtancd or believed they
had
for a day or two back, been quietly absorbing some
so, 900 shares of Lake Shore ana unknown amount
of Western Union, and the discovery sent them upon
the trail with all the cagcrncss Of sleuth hounds, and
with all the support Of hungry mob that had been
caught mapping and feared 10 loso tho spells. The
cagerncss thus manifested to acquire shares spurtod
Lake Shore from 4S5S 10 50A, and Western Union from
6l3S to 63, and very nearly sustained them at these
prices at the close The advance started in Burlington
and Quincy yesterday maintained this morning,
the quotation Dcing carried up to 1908 on transactions
OF $50 shares mostly Boston account. The UNDER
standing that the danger of railway contest was re-
moved by the proceedings Of yesterdays meeting and
the highly satisfactory report OF the company itself,
haye in a measure treasured timid stockholders. A
little moro lie was exhibited in Now Jersey Central
through covering Of one OF the street
partv Who having squeezed It pretty thoroughly, 10
content 10 throw tho rnd away. AT u meeting OF
bondholdcrs OF this company Receiver Lathrop pro-
scented detailed statement of tho mortgage debt the
chief point OF interest which that the first mort
gage bonds would be paid and tho second would not
committee was appointed to suggest proper ways and
means to protect the interests OF bondhoders and
report Tho market closed strong, but tre lower
than tho best prices.
Tho sales active stocks to-day aggregated 10000
shares which were distributed as tollows:-Ncw York
Central $500 Erie $50 do. preferred 100; Lake Shore
As 100; Wabash 500; Northwestern 100; do. prefer
red, 1000; Rock Island, 1850; Milwaukee and 81 Paul.
3O0 do. preferred, 5,700 Pittsburg, 100; Delaware
Iackawanna and Western, So 1907 New Jersey Central.
| 252o; Delaware and Hudson Canal, $3.50; Morris
and Essex, 2lO; Michigan Central, ZOO; Illinois
Central 1876; Union Pacific 1,45o; Chicago, Burling-
ton and Quincy, 1852; Hannibal and ST. Joseph 1905
do. preferred, 900; OHIO and Mississippi, 500; Vest
ern Unon So $40; Atlantic and Pacific Telegraph, sOO
Pacific MAIL $50; Quicksilver 100; Adams Expross,
| 275 American Merchants Union Express, 800.
| OPENING, HIGHEST AND LOWEST.
The following table shows tho opening, highest and