The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-17
FINANCIAL and COMMERCIAL.
The Stock Market Very Ac-
tive and Strong.
GOLD 100 3-0 A 100 IA.
Government Bonds Firm, States Steady
and Railroads Higher.
GOLD 100 3-8 A 100 IA.
MONEY ON CALL 6 A 7 PER CENT.
WALL STREET,

TUESDAY, April 16-6 Pm
The sporting AXIOM that sc Is the pace which
kills. s particularly applicable 10 the course OF the
stock market yesterday and to-day. the running
made yesterday under the whip and spur OF IN extra
ordinary activity has brought IN the speculative nag
pretty well blown and somewhat shaky. such, at
least are the which the market has shown this
morning and which more apparent at tho
end OF business than At the beginning. During The
first hour the burst OF speed was continued with
dminution of intensity or force, and IN some in
stances higher figures were scored; but from
the time named evident that there was less
.sgo' in the Market and soon alter the advance
movement stopped altogether. For the rest Of the
day the tendency was downward, not TO any i'm
portant degree. but still down warda direction which
just now does suit the book OF one operator In
nifty Regarding the matter In the light oil bulls
Eye does not appear that the change In the course
of speculation is attributable to anything seri
Gus than natural reaction, due 10 realixatons Of
profits and the fatigue Of q rampant excitement
WHAT the bears think Of IL ia not known, from the
simple fact that there bears OF weight enough
TO invite consideration. That there will DO fresh
crop spring up, n the decline continues IL
death or taxes, and their presence will be welcome
ingredient In a market which just growing lop.
sided. Tho principal reaction was In the grangers
and Western Union large sales Of the latter the
cline beng imputed to Mr.. Gould, possibly for
the purpose OF strengthening his position In
the North Scstern struggle. The rest Of the
list was only moderately affected, and In fact
such part OF II was represented by Erie, Central,
Hudson and Rock Island not affected at all-at
least not until the end or the day, when tho weak
ness became universal Although those prime specu-
latives the grangers wero inclined to the wrong
way, there abatement OF either ''cheek" or
.chin, upon the part Of their friends VINO bring
~ haa ftpfI rur.
chasers by chanting p1ans praise OF their intrn
sic values and uttering prophecies TO the future
rise which awaits them. Erie the strongest stock
upon the list and held its tho best; tho why or
the wherefore nobody seemed to know but there was
n vague impression that II was due TO some sort OF
.dickerng'' upon the London market. "A phenome-
nal start Union Pacific from 70H to Tx WIS
duo to the Vaccinations OF she proprietor
who has commenced to tnimbIe-rig the street by
disposing line OF ''puts" at about market prices.
II rosslb that somewhat Of the markets weakness
may be attributable the advance in gold TO 1905. The
riso is trivial but is no less disappointing to many
who expected huvc the premium frozen out at
zero IL was due, however, to purchases BY Messrs.
/. Won Hoffman L. Co. as against imports OF govern
ment bonds The blackboard people did not get on
their legs again, despite OF promises and u Is appar
emit that they have kicked their "buckets" moro
eGestualy than they given cred. Tor. The gen.
eral market closed and ievsrish At about the
lowest prices OF the session.
OPENING
The opening prices OF stocks at the Board to-day
were as foIlows:--New York Central 1o7x; Harlem,
las: Erie Tx; do. preferred, "a: Lake shore, 90;
wabash, 20H; Northwestern, OAK; do preferred, 70;
Rock Island, l04X; Fort Wayne 90x; Milwaukee and
ST. Paul. 5oK; do. preferred, TAN; Pittsburg, Tx;
Delaware, Lackawanna and Western, 57I New Jersey
Central l7%; Delaware and Hudson Canal 56s1; Nor
RS and Essex s0x Michigan Central "; illinois Cen.
trial. 7e1; Union Pacific, ms Chicago Burlington aud
Quincy lo4 Chicago and Alton, 75h Hannibal and ST.
Josenb l3,1; do. preferred, 81 ohio md Mississippi
1917; Western Union, san Atlantic and Pacific rele-
graph, 50; Pacific Natl, 2lk.
QUOTATIONS.
The following the closing quotations At three p