The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-09
The Stock Market Less Active, but
Generally Steady.
GOLD l02 IL A 1902 SIS A 102 IL.
Government Bonds Firm, States Irregular and
Railroads Higher.
Money on Gall Easy at 8 7
Per Cent.
WALL STREET.

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There has been halt in the speculation for rise
to-day; a stop TO take breath, as it were; an inter-
mission Tor refreshments or to 'see man." as hap
pens at the playhouse when the net drop cuts up
comedy Consequently there Is little to be said about
today's market and that little has reference solely
the doings OF the tuppenny hapenny gamblers who in
fest the Board when their away, rig
prices TO feeble extent but in tho matter OF iD1u
encng the course OF the market no moro like the
real thing than chalk Is ike cheese The first halt Of
the day showed continuance OF the animation so
prominent last night, and tho whole list OF railroad
and coal shares tended 10 better figures. Aterward
1t became evident that the great spectators were for
tho day at least resting upon their and tho small
left to follow tho venerable Mr.. Drew's
advice and paddle III cir own canoes. AS matter Of
course this means OF locomotion did not admit OF
much headway, though such as was made ran In tho
current OF tho granger stocks, which made the best
exhibit of the morning time, but eventually
lost pretty much all they had gained. Pretty much
story is to be told Of the coal stocks, the
effect OF dice limiting their fluctuations and de-
privng changes In price Of all significance. The
situation OF these stocks is simply of waiting for
the verdict which, after repeated trials is expected
be rendered by fresh convocatop of the coal
panies. To be sure, of final resort has
yet been Called but 1t is expected, and its decision
Is a matter OF life or death to all con-
cerned something definitely favorable is antici-
patcd. With this view and the overdono
short interest prices are held steady and firm.
The very important increase Of business the par.
OF tho Central ana Hudson road, to which have had
previously to REFER is drawing attention 10
the Stock with the result OF liberal transactions
and higher range OF figures Considerable purchases
were made today, presumably upon investment
count, and the price advanced from 1861 to 1071l,
though il fell of iractonaly when the order was
supplied The erangers which had advanced sharply
In early dealings, lost nearly all they had gained be-
fore the closing hour from the effect OF reaizaons,
though there be but opinion to the benefits
they must later dcrIve from tho ranspora.
tion OF The irimense amount OF produce cereals
now pressing to market Money was much easier,
With an abundant supply OF the "needtul' at from
10 per cent
OPENING PRICES.
The opening prices OF stocks at the Board to-day
were as follows Now York Central 107; Erie, Sl;
Lake Shore, 632; Wabash, 17S; Northwestern, 81 (;
Northwestern preferred 635s; Rock Island, 1909 !;
Milwaukee and ST. Paul, 3Sla; Milwaukee and ST.
Western, 401s; New jersey Central, 16 Delaware and
Hudson Canal, 40; Morris and Essex, "a; Michigan
Central, 63; Illinois Central 741S; Union Pacific 81
Chicago. Burlington and Quincy, 1925; c., c. and
l. c., 81; Hannibal and ST. Joseph, 1917; Han.
nbai and 81. Joseph preferred, %; OHIO and Mis-
sissippi, 81; Panama, H. Western Union, Tx;
Paci1c Mail, 22H