The New York herald., 1878-02-07
FINANCIAL and COMMERCIAL.
The Stock Market More Ac-
tive and Irregular.
GOLD lO2 1-8 A 1O2.
Government Bonds Lower, States and
Railroads Irregular.
MONEY ON CALL EASY At S PER CENT.
WALL STREET.
WEDNESDAY, Feb. Go p. N.


The Of prices to-day conveys intimaiion
that holders OF stock en- bloc vinced of the
bopeessness OF kicking against the pricks 80 stub
bornly opposed to further rise At present figures
and willing permit decline, II only recreate
a fresh life in speculation. There Is. probably, no
money ip such CONCESSION ut the moment, but It
may be capital we'll invested Tor the future. IL is a
doieiul business playing to slim audiences Stock
Exchange performers have been doing, while q well
hlled house. albeit "paper" one, s more conducive
10 good acting than "begearly account of empty
boxes" So even should decline In present prices
be financially Improbable the additional bus-
created may act advertisement
to attract a better Cnder any cir
cumstances the desperate condition OF specu-
lation requires heroic treatmon and remains to be
whether the financial doctors who have beon
testing the pulse Of tho market to-day equal to
the emergency The experiment chiefly made
with the Northwestern stocks, common and pre-
ferred, and the result has been decline OF over one
per cent for the day, to the accompaniment OF an
unusually large amount of transactions There was
evidence that the recently formed sGuu Club" which
had baen constructed with the mixed purpose Of
shooting pigeons and buling Northwest, had como to
tho conclusion that enough powder and shot had al
ready been spent III the latter effort and that the
sooner this waste Of ammunition was stopped the
bctter To do SO they threw large
amounts Of stock this morning, which, with
the short sales tho part OF tho bears,
ran the aggregate OF transactions consd-
eray the daily average and for the rst time
many weeks reduced Lake Shore 10 the second place.
Some credit, however, must be given TO the Rumor
Committee, who appeared to have obtained quorum
to-day after failing to do for several weeks before
Stories rife that the North western company had
been surreptitiously issuing bonds; that they had
been purchasing Western rallrOad with he stock.
holders dividend money (if suoh has ever been
earned) and that home. great caution was to
be exercised In dealing with large financial in
stitutions On inquiry we cannot iearn that these
reports have grain OF truth attached to them or
that they are worth any consideration what.
ever, Nevertheless prices were uniavorably
affected by them and the whole market
declined ractionally and closed irregular and feversh
Apart from the Northwestern speculation there
little in the rest Of the list though the report Of
large receipts Of grain the Western cities conduce
greatly to the prosperity of the lines
The meeting OF the "Asnley' party, which comprises
Of tho factions in the Ohio and Mississippi Rail-
road dispute is said have resulted the adoption
Of measures which will 60 far to harmonic dmcutes
aud tend to secure reconstruoton OF the road q
basis which will be favorable to It's interests There
was no improvement In activity the miscellaneous
list, and consequently no change oil prices worth
noting
OPENING HIGHEST AND LOWEST
Tho following table shows the opening highest and
49,