The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-03-22
The Stock Market Active
and Excited.
GOLD 10l l-S A 10l A l0l is.
Government Bonds Firm, States Steady and
Railroads Higher.
NONEY ON CALL EASY AT4A PER CENT.
WALL STREET,

THURSDAY, March 2l-6 p NJ.
There has been diversity enough offered in the
menu OF to-day's stock business to crafty the most
fastidous speculative palate All tastes were catered
Tor. There were advancing stocks 10 appease the ap-
petite OF The bulls, declining TO suit the taste Of
the bears steady for the great ana nesitat
ing majority, who possess bat feeble appetite for
spccu ation at the best OF times Like Nesserole
pudding, there was variety enough IN the mixture to
sford tidpit Tor every fancy, and nothing to lear
but the ind geston which is likely 10 result from an
unfortunate venture. To partcularize we have been
Treated to sharp rise in Erie equally sharp TALL
in Lake Shore, and general futterng between mar
limits Of the rest Of the market Late IN the day
u became apparent that there was ''some-
hing up'' In Eric-something besides the mar
ret price, which from 1Os in the morn
Ing sprung suddenly to 11X before the close
The explanation is to be found in the circumstance
that Judges Brady and Daniels, OF tho Supreme
Court, rendered this morning less than five deci-
SONS the different motions In the Erie Railway
suits, which were construed In speculative circles as
favorable to the interests OF tho company. Whether
ihey are SO not Is extremely probematical, Inc
nea.re report far furnished COW eyiug the idea
Mat the opinions remarkable rather Tor neon
nstency than for anything else. STILL the stock shot
hp as WITH equal proprety 1t might have shot down,
10 far as the movement was warranted by any judi.
pany's affairs have fallen. While Erie was notable for
IN anwonted ebuItion Lake Shore fairy boiled over
In it to DO found the real sensation of the DAY,
both in mat ter OF fuctuaton and in amount OF bust
sess. Starting at 65% It quickly dropped of
to 64h, rallied TO 65H. fell OF TO 63H
and finally finished up at 81. There we're more
Inquiries Tor ''the reason why" than satisfactory
answers returned, though one OF the causes was
sscribed to resh cutting OF rates on Eastern bound
freight AS tho solemn pact entered into at the
Windsor Hotel existed the better part OF month,
II Is about time that should be broken If anything
like CONSISTENCY with former actions is to DO looked
for. more probable explanation of the break in
Lake Shore is to be found IN that the recent
upward turn has cfecually closed up the short In
erest aud lett no support to the stock when long
Ihares arc pressed Tor sale. That such stock
pressed this morning is beyond poradventure. Some
vpeculative Arab folded mis- tents and stole away,
leaving tho rest the stand follow,
best suited their ban kDOok. The street handy
with names ana ready with local habitations, which
were variousy 1xrd upon the Pacific Slope, amid tho
arid wilds of William street, or IN the enlightened
precincts OF the avenue. The anthracites and the
grangcrs remained irm-only active by fits and
starts-though the amount OF transactions summed
up a goodiy number OF shares Variations in price
were confined limits Of per cent aud the clos
Ing ngures Wero hearty the pest o tne oay Ahe mar
kct finished with motley look as a veritabe rag
lair and with appear little inviting to either
buyers sellers.
OPENING PRICES.
The opening prices of stocks at tho Board to-
day foows:-Western Union, 70; Lake
Shore, 65x; Michigan Central, Ga; Rock Island,
102%; New YORK Central, 1O5zs; Delaware, Lacka-
wanna and Western, 500; Delaware and Hudson,
49% Morris Essex, 72H; New Jersey Central,
1871 ST. Paul, 4Os; do preferred, 72ss; Northwest,
Az; 90. preferred, 697s Pacific Mail, 1875 Kansas
Pacific, z; G., G.. G. and l., 20; Burlington. Cedar
Rapids and Northwest, Is; Atlantic ana Pacific Tee-
graph 10; Iron Mountain, Z; Chicago and Alton, 69X.
CLOSING QUOTATIONS..