The New York herald., 1878-07-10
The Stock Market Active and
Strong.
GOLD STEADY AT 100 IL.
Government Bonds Firm. States Dull
and Railroads Irregular.
Money on Cali Easy at 2 a 2 1-s
Per Cent.
WALL STREET, I
TUESDAY. July 9-6 =. M. !


The Lako Shore manipulators having worked the
price up to fever heat yesterday disposed to let
matters cool of to-day and consequently dealings IN
the stock sensbly diminished Engine drivers
hoated journals in the same way, but the stop
rendered necessary By no means implies that the
locomotive has como to u permanent standstiL So
with Lake Shore, which tho speculative engfneersare
running quarter velocity to-day but Of which they
may throw tho throttle valve wide open tomorrow
and astonish everybody with fresh burst OF speed
AS It turned by chance, was made to bc by de-
sign,. Lake shore this morning was the least ami
mated stock upon the list the carly decline 70
COZ being soon recovered from, and the price
thencciorth steadily held between 81 and 6lH.
This check In the iavorite gave opportunity to cast
about for something promising in the way Of &C.
tive speculation and the opportunity was found In
the grangers which advanced steadily and attracted
good buyers the day through. The favorable pros
poets these roads promise SO well for iuture divi-
dends that much Investment money Is finding Its way
into their and particularly into those OF the
preferred sort Divested OF the fringe OF gamblers
which hangs about speculation the buyers ofa
different class from observable in the Lake Shore
movement, being attracted by present and prospec.
two merit, while the other was animated by spirit
OF gam bling pure and simple and was backed by no
mort at all The friends OF the Wisconsin roads At
least know the difference between "nawk and
handsaw" which is q Shakesperean way Of IN
timatng that they know the comparative
value OF running roads east or west OF CHI
caeo One of the most active and decidediy
the stock which advanced the most OF the day was
Now Jersey Central A very neat game OF battisdore
and shuttlecock Is being played between the New
York and London markets. and the price Of shares is
sent flying higher day by day This morning the
alton was advanced from 80 TO 43 under the in
fuence OF clever rigging, though. as the short
interest Is mythical ami nobody believes the shares to
DO worth the cost of engraving, becomes problem
as to what the holders are going 10 DO with them.
Coal stocks steady aud strong In spite Of the TACT
that the caorc the air sickens with the bare
thought OF a coal hre probably checks trade as
well, which ought turn to sicken the companies.
Howev er, the cessation OF production and the new
craze the entire Kingdom OF Italy from the rope
in the Vatican the lazzaron who sun themselves IN
the streets Of NapeA Is to be profitable customer
for their product, arc taken as sufhcient rea-
sons TO bold prices and 70 advance them.
Other stocks remained steady, bu. as the Rumor
Committee is Just OF session, and there were
no new facts 10 their attractions were small
and dealings insix nncant The market closed strong
and dull and with prices well marked up above open
ing ones. particularly for Western shares.
OPENING PRICES.
the opening prices Of stocks at the Board to-day
were as follows New YORK Central, 1O9K; Harlem,
40; Ere, l51.; Lake Shore, M, Wabash, IA; North
western. SIX: do preferred, Tx; Rock Isand,
1lo: Milwaukee and ST. Paul, 63T; do Preferred
say: Delaware, Laskawanna and Western. COZ; New
Jersey Central 3sx; Delaware ana Hudson Canal,
So: Morris ana Essex, S5X; Michigan Central, 67A;
limos Central, s0h; Uuion Pacific, o.; cncago
Burlin gton and Quincy, IosK Pacific Mail, leH
CLOSING QUOTATIONS..