The New York herald., 1878-03-02
The Stock Market Fairly Ac-
tive and Heavy.
GOLD 1O2 A 1Ol 7-S.
Government Bonds Heavy, States Dull and
Railroads Irregular.
Money on Call Easy at 4 1-2 a 8
Per Cent.
WALL STREET, |
FRIDAY, March 1-6 r. u. !

The Senate and House OF Representatives, In Con-
gress assembled having by the passage of the Silver
bill over the Presidents veto, practically constituted
the United States the chof sneak thief and confidence
tho family OF nations, some little curiosity
was manifested morning how financial cir
cles would take the news had tho same rascality
been perpetrated by an individual one would natu-
rally have had recourse the station house or police
Tor Information, but with the peoples repro
scntatives the different there being no law TO
stake them in'' however dishonesty they may have
acted and bar Try thom at except that Of public
opinion. II consequently happened that the case was
preudRed In moneyed CIRCLES tho verdict anticipated
and It's immediate effects thoroughly discounted SO
entirely this The fact that the stock market
failed to exhibit any concern about che matter beyond
brief furry the morning, which was attributable
to the nervousness OF some few short sellers, who
deemed discretionary covering to be tho bettor part
OF valor The activity. however, turned out to be
spasmodc, forced and snortlived. for before midday
market apsed back into It's old fashioned dulness
and continued to the end. Nevertheless prices
mained fairly STEADY tho day through, although they
yielded to lower figures fractionally at the close.
The largest business of Tho day was done IN Lake
Shore at figures which ranged from 6l 6l% and
back to o. 4 al tho close; the best ST. Paul
common, under fluctuations limited to H per cent,
and after coal stocks, which were confined to
changes OF less than a single point Morris and Essex
which, p X. parlance, has como up "groggy'' for
the last two mornings, proved TO be steadsr upon Its
pms to-day and gained nearly ono per cent upon Its
lowest figures, in spite OF tho ominou talk about the
impossible possibility OF dissolvng Its leased
neclion with Delaware and Lackawanna, so long at
least the latter company keeps out OF bankruptcy
Delaware and Hudson was again closely tyled to-day
by tho representative OF the clique, whose implement
of Office seems to be In the shape OF orders to take
oil stock offering at 46Z. below which point IL was
not suffered to CO. Transactions were limited TO some
thing like 500 shares and thero being buyers ex
cept the party in question and sellers venturcsome
enough 10 put out short contracts becomes matter
Of interest know what Messrs Drexel & Morgan do
with all the stock they become sponsors for. The
annual report OF the company will be issued to-mor
row, and II Is stated that the showing will be
satisfactory than has been generally anticipated
The ST. Paul ana Northwestern stocks were only mod
erately active, and closed shade below opening
prices, though the latter road is reported to have
gained nearly $4,000 during the first four days In The
fourth week In February over the same time last year.
Pacific Mail remained dull and neglected, with changes
in quotations scarcely exceeding onohalf OF per
cent. The arrangement with tho Panama Tran
Company tailed either to create activity ad-
the price. Possibly the recent acquisition Of
loet OF second hand steamers At cost price Of
ST. O0O which Is about three times more than they
worth, not regarded as mucn OF bargain after
allt.
OPENING PRICES
The opening prices OF stocks at tho Board to-day
we're New York Central, 1O4k; Harlem, 142; Erie.
OK; Lake Shore, 6l16; Northwestern, IS; do. pre-.
ferred, 62h Rock Island, 90; milwaukee, and ST.
Paul. 37X; do. preferred, 70A Pittsburg, 66A;
Delaware, Lackawanna and Western, Al; New Jersey
Central 16; Delaware and hudson Canal, 461s;
Morris, and Essex. 67%; Michigan Central, 69T;
Illinois Central, IA; Chicago Burlington ana Quincy.
g9Z; Chicago and Alton, 67A; Hannibal and ST
Joseph preferred, 22% Ohio and Mississippi, 71s;
Western Union, 76H; Pacific Mail, 23x.
CLOSING ouoT ATOMS.