The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-03
FINANCIAL AND COMMERCIAL.
The Stock Market Dull, but
Steady.
GOLD 100 7-S A 1O2 3D..
Government Bonds Lower and
Railroads Strong.
dONEY ON CALL ACTIVE AND FEVERISH
WALL STREET,
WRDyEsDAY. Jim. ID p. N

WEDNESDAY. jan. 2-6 P. NJ.
There was no blars of trumpets upon the Stock Ex-
shange to-day, as many thought there would be- but
tho contrary subsistence into the old inactivity
which has been the rather than tho exception Tor
many a week past Lake Shore slill held its place
firmly, at the front Of speculation SO far at least, as
tho bulk OF transactions went. though fluctuations
confined within the changes Of one per cent and
the closing price liked about midway between the
highest and lowest points OF the day Tho movement
this stock Is not understood by outlying specua-
tors. who, failing 10 peer into the mystery. have
mixed up Mr. Could Mr.. Keene. the bow window party
and tho nimble slxponce crowd OF Exchange Court
In the most bewilierng fashion, far as
their correct position upon the long or
short side Of the market Is concerned.
In word, the chronic crowd Of small opcxators Is
treadinR upon the thin surface Of uncertainty, con-
scous however that there hidden forces at work
which, volcano like, may open the abyss OF disas.
!rous decline to those who long, or may DO aero
nautlcaliy instructive those who short There
ess peril IN the grangers aud consequently less ac
nvty, Tor brokers' unlike angels rush In where danger
ls the thckest. Consequently these properties were
comparatively neglected and varied only within the
limits OF y to y per cent NO word was received
from Philadelphia to-day concerning The coal meeting
beyond the fast that, happened In this city, tue
representatives convened and shortly after adjourned
TO lunch This proceeding appears 10 be The only real
aud tangible business as yet accomplished by these
gentlemen, and 1t Is to DO regretted Ut truly
reported) that Judge sPacker and Mr.. Tom
Scott not present to-day to participate.
The Bonner episode, which Is scarcely accepted by
the street with the hary which the name would
suggest, attracted but little attention this morning.
Beyond the facts already published there is nothing OF
interest," except that the firm known to have been
borrowers OF $1,SS5,000, TO. secure which. among
other colatera 700 shares oil Bankers and Brokers'
Hssocution stock pledged as security. As this
stock nominally quoted NJ So but was absolutely
worthless In fact, constituted very saio and
vcncnt margin Tor tho lender, and, ike tho 'eyo Of
newt aud too OF frog'' In tho hell broth OF the
dramatist, tended to make the hypothccatcd cruel
both 'thlck and sab" and readily to b, parakcn OF by
credulous capitalists In general respects the market
may be quoted dull and strong, but with ievorlsh
and uncertain temper, which tended to produce lower
prices at the close.
OpRNING PRICES.
The opening prices to-day were-Now York Gen.
tra, 1083S; Lake Shore, GIN; Northwestern, S511;
North western preferred. 63 Rock Island, l0oH MIL
waukoe and St. Paul, 36A; Milwaukee and st. Paul
preferred 72A; New Jersey Central 1917; Delaware,
Lackawanna ana Western, 81; Delaware and Hudson
Canal, 52s; Michigan Central, 81; Union Pacific 65;
Ohio and Mississippi, SIX; Western Union, Is.
QUOTATIONS.
The closing quotations at three p. n were as fol.