The New York herald., 1877-10-07
The Stock Market Very 40.
tive and Strong.
GOLD 102 ga A 1O2 5-S.
Government Bonds Weak, States Hicher
and Railroads Strong.
THE BANK STATEMENT.
Money on Call Easy at 3 a g
Per Cent.
WALL STREET.

SATURDAY, Oct 6--6 p N.
The "go" which the bull leaders impaired TO the
market early In the week, which has been persisted
in ever since, and which kept up TO top speed
day, Is instructive example TO Mr. Kecly OF motor
iame, who does everything but keep money. Quite
the reverse the with the stock market,
which, IN The early hours. fairly the bit In its
teeth and ran away along the road higher prices,
with little power and less inclination exhibited TO
stop IT. AS was the case yesterday, tho Vanderbilt
roads were the iavoritos, soiing up about point
tho accompan ment OF an active business The spec.
uialve stream, which last week ran slnggishly,
to be converted into torrent and tho cxcrtons OF
the bears i such exist at a feeble stop II.
With the western stocks the advance was STILL more
marked tnous dealings were less mportan the gain
beng at one time qu o per cont Even Erie, which
has been floating about like waterogged hulk, came
within the influence OF the current and was swept
toward the haven Of higher prices, whiie Wabash,
which been but little better and Quicksilver pre-.
terred whicn has been infinitely worse rugged up jury
Of activity ana have boon sailing about IN the
oi specuat on like the gayest galleries. of them all.
In addition to the usual talk Of crops aud railroad
earnings, the comparatively small decline In legal
ders as exhibited by the bank sta ement-the same
being taken as index Of continued easy rates for
money-neped TO impair. buoyAn 70 the market In
hnal dealings prices declined fraction, ratnor
from desire the part Of bulls 10 profits
from auy lear OF cessation OF the upward movement
the ''street" seems to be thoroughly ,mpregnated
with the idoa that stocks have not yet reached their
limit by many points, and bids fair to require the
strctvo restraint Of strait-jacket with the mad.
desi Of hatters before tho end comes.
Holders OF coal stocks have been rather lockers
than actors IN the days business. The combination
story is regarded squIb which spluttercd without
exploding and Is not lkev 10 create de,onaton loud
enough TO attract crowd OF either buyers sellers.
Beyond fact Of great strength and activity
there features IN tho market that require
specal mention.
PRIcIa
The opening prices to-day were as foiows:-Gold,
1924: Western Union, 8la; Lake Shore, 70k; New
York Central, 1885, Rock Island, 1044; Michigan Gen.
trial. 6224; Delaware, Lackawanna and Western, So;
Delaware ana Hudson. 43 Morris and Essex, 75N:
Erie, 124; Ohio and Missssipp. OK; Wabash, 1s5s;
O., G. and G., az; o., c., q. and l.. AN; st. Paul,
401s do preferred, 7la; Northwestern, 4o do pro-
ferred, 667s Hannibal and ST. Joseph 1315; do pre-
icrred, 29 Quicksilver preferred, 3s; ILLINOIS Central,
75ts; Pacific Mail, 23ia; Union Pacific. 67H; Pitts
burg, So; ST. Louis Northern, 61; Panama, 100; New
Haven, 154; Chicago, Burlington and Quincy, los; /;
Dubuque and Sioux City, 55; Mariposa PREFERRED y:
Iron Mountain, Z; Erie preferred, 20.
CLOSING QUOTATIONS