The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-14
The Stock Market Fairly Active
and Steady.
GOLD 1os A 1oa IA.
Government Bonds Higher. States Steady
and Railroads Irregular.
Money on Call Easy at 8 Per
Cent.
WALL STREET.

WEDNESDAY, Feb. 1876 p
Tho stock market started of at gallop this morn.
Ing, subsidized into a canter before noon and finished
up with the quetest OF ambles Early In the day the
course was toward higher prices, was foreshad-
owed by closing quotations Of yesterday, ana the
Northwestern properly had the call in the betting
Who the hackers OF the favorito is, SO far dead
secret but that Mr. RUFUS Hatch has been given a
mount ana that he is riding his nag with judgment
discretion and to the satisfaction of those who
have put up' the spec ulation are conceded by
everybody. Naturally the Northwest properties led
the Market not only because there were evidences
OF a concerted movement. but because the almost
unprecedented receipts OF produce at Chicago and
Milwaukee gave a good foundation Tor tho
same Lake Shore and the st. Paul stocks
were left decidedly the background far popu-
lar interest went. though the fact seems to be that
these roads. equally with the Northwestern, Will
benefit BY the movement ofthe crops Whateyer may
be the future corporations cited be
gansad that they at present earning largely II
quite within the range of probability, however that
when navigation opens aud Eastern bound produce.
grows small by degrees and beautifully less pres
ent earnings will peter out, and the ola scratch.
ing for funds to pay fixed charges Will be renewed
lively ever Meanwhile let these roads be thankful
for what the gods give them, pay dividends while
there is an Incorporated shot in the locker and
trust to another crop and bloody war for
market This suggests that the warko cables
received to-day excited considerable Influence
in sustaining prices the old theory that
Europes bane would be our blessing being renewed
with considerable force. few days will probably de-
eide whether this theory Is to take practical shape
not and whether breadstuns to Aud ready and
remuncrative prices abroad are 10 clog home
markets at loss both to grower and public CARRIER
The coal shares weak-kneed the day through
Tor reasons previously given, and Western Union
agged off nearly per cent on doubt as to the pay
OF the dividend and from fears that Gould,
some other Of the destructyes, is contemplating
raid upon tho stock On the other hand there comes
from Mr. King, the receiver of the Ohio aud
Mississippi road tsounding like voice from the
Tomb, so speculatively dead las been the
stock) that the earnings for January ex-
ceed by nearly 100000 those of the same
month last year. while from Boston learn that tho
Burn gton and QUINCY directory have declared a
per cent dividend OF tho per cent earnings OF
The last six months In accordance with the policy
Of the company the surplus will be appropriated to
the payment OF fiscal charges as heretofore Alter
midday the market may be said to have lost its tenn
per- Tor 1t growled away the Of the afternoon to
The accompaniment OF fractionally lower prices and
Buen, uncertain feeling at the closa
OPENING PRICES
The opening prices OF stocks at tho Board to-day
were Is foilows:-New York Central 104 u; Erie OK;
Lake Shore. 61H; Northwestern, 34%; Northwestern
Preferred 61A: Rock Island, 90; Milwaukee and st.
Paul, 37A; Milwaukee and St Paul preferred, 6s2 /;
Delaware, Lackawnnna aud Western. 4S3S; New.
Jersey Central, l6s4; Delaware and Hudson Canal,
AZ; Morris and Essex 72a; Michigan Central, 60la
Illinois Central, IS; Union Pacific 67K; Chicago,
Burlington and Quincy 1o4 Chicago aud Alton, Tx;
Hannibal and St Joseph lo% Hannibal and ST Joseph
preferred 24A; Ohio and Mississippi, 81 Western
Union, 7e; Pacific Mail, 22's; Wabash, IS; Fort
Wayne, SO.
CLOSING QUOTATIONS