The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-28
The Stock Market Fairly Ac-
tive and Steady.
GOLD STEADY AT 100 3-S.
Government Bonds Lower, States Dull and
Railroads Strong.
THE BANK STATE MENT.
Money on Call Easy at 8
Per Cent.
WALL STREET,

SATURDAY April 27-6P NJ.
The weakness In the market whion was engsndered
a week since BY break In Northwest. and which has
lasted throughout tho entire week, seems to-day q
have disappeared At tho opening OF the market
there was a slight disposition to soil, principally
Western Union and the coal stocks. Tho death Of
President orton is course great loss to the ,ee.
graph CO mpany, and it feared that he alone had
mastered the details many OF the vexatious law
suits that arc The necessary consequences OF such
gigantic concern But many bravo men lived before
Agamennon, and there can be little doubt that
the intricate affairs Of will be ably managed
in tho future. rumor spread toward mood that tho
surplus stock Of tho company would probably
be distributed among the shareholders caused
rush buy and the stock closed at s0s, the opens
ing quotation. the short sales Of the coal stocka
again freely made. and by the same parties, and
the stocks showed serious decline, followed by
brisk recovery. The presidents OF tnese roads enr
phaticaiy deny that any disruption Of tho comoina
tion has taken place, anu also state that no reduction
will be made IN prices Tor the ensuing month. Lake
shore WINS again ieversh, but the fluctuations were
very slight, varying from 621s and GA. The street
is much harassed to the position OF the great Cali
ornan with regard to this stock and IL Is known
thai serious difficulties have between him and
The other members OF the firm in connection with
lato scandalous failure.
The articles Of association OF tho new Erie Com
pnny were IIcd to-day at Albany and a meeting was
held AT Governor Morgau's office this morning 10
carry the proposed changes into effect Mr.. Jeweu
has been elected president and Mr. Macdonough seq
retary 10 that tLerc viii DO break in the inteii<
gent management OF the road On tho street the
stock quiet and steady, and the transactions
wero small. Kansas Pacific suddenly became active
to-day owing report that the bondhodcrs had So
cured u majority carry out their reorganization
sthcme The in come bonds woro especially active
and advanced to 10
In the position OF the granger stocks there was no
change. but prices very firm. The various can.
d,da es are issuing the election acards and promis
ing all SORTS OF things to the stock holders who VIII
support them and not their rivals The market closed
this evening with every appearance OF strength, AMI
next week promises OF consider ablc interest,
ana OF either great profit or loss.
PRICES
Tho opening prices Of stocks at the Board to-day
were as foiows:-Wcstern Union, s0as; Lake
shore, 62k; Now York Central, LOG; Michigan
Central, 6sA; Delaware, Lackawanna and Western,
So; Delaware ana Hudson, 62k; 81. Paul. 4s5s d.
preferred 73< Norris and Essex, 76k; G.. Co. Z. and
l., 26A; Northwest SIX; do preferred, TX; Pacif'
Mall 2OA; Erie, 12h Ohios, So; Wabash, l57s;
c., O. ana /. c., A; Kansas Pacific, s; Ontario Mining
Company, 35As; Chicago, Burlington and Quincy, lc4