The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-19
The Stock Market Fairly Ac.
tive and FeVerish.
GOLD 100 SO A 100 IL A 100 SO.
Government Bonds Strong. States Steady
and Railroads Quiet.

WALL STREET,

THURSDAY, July lS-6 T. NJ.
The s'hot wave" which has been in everybody's
mouth coxversationsly for three days past, and
literally 50 to-day, rolled into the Board room this
morning freighted with all the apathy and dulness
which was expected accompany it. Contrary to the
we'll known law In physics, which teaches
that heat expanda the Immediate effect Of
the hot blast this morning was TO con.
prlces tor nearly all the active stocks ON the
iiet Most sensitive to this influence were 81. Paul
and the Northwssterns, both Of which gave way in
The early hours from TX 10 az per cent, though in
the afssrsoon sharp rally set IN which nearly
figures the best points Of tho day The bears
are still harping upon the matter OF crop
injuries with a psrtinacity that would sug-
gest . previous musical education in "Tara's
halls,' and spisetully rsterats their opinion
that the late beat, rain and sutry weather have
sAdone the business not only for crops but for rail-
road earnings we'll At least this their little
game Tor the early part OF the day, aud 1t
1uIly played a receding market recorded. After
ward II discovered that matters might not be
bad alter all that the growing cereals In
luck than these biblical wheat fields which de-
vastased by oxes and Arebrands, that IL safe
Tor tho WIS of speculation - announce the weather
TO BE- ''all clear In the west' So II voted that
the wisconsin roads might earn living after all said
by rumor mongers, ana all done by jay Goulds sales
Of stock. This change Of sentiment brought forth
sharp buying Of long stock sharper covering OF
shorts. and between the TWO the market rescued
from its condition Of dependency ana spruoed up to
, very respectable degree of nrmness at the close.
Apart from the granger shares little attention
gwen to and less business done In the rest OF the
hist Lake Shore, from beginning to end varied only
h per cent, and even this fuctuaton lacked any ap
preciable for Its occurrence. Western Union
remained steady. without any change al ALL its main
feature being the exceeding strength which It
shows in the Taco Of and feverish
Com arattve earnings sttr reported being in
iavor OF the company and the expectation Of 2 per
sent quarterly dividends the future
courages holders and attracts buyers Although It
was surmised that Jay Gould was large seller Of
stocks there was not much of bugaboo i'm
parted to the market, and the tone at the end
rather bush than otherwise.
OPENING rRicYs
Tho opening prices OF stocks at the Board to-day
follows New York Central, 10y u Erie,
l6X; Lake Shore, 62x; Wabash, lax Northwestern,
S0x DO. preferred. Tx; Milwaukee and st. Paul,
bOH; do. preferred s23s; Pittsourg, s3s; Delaware,
Laokawanna and Western, cox; New Jersey Central,
tOx; Norris and Essex, S4H; Michigan Central, 67H;
Illinois Central, S6K; Union Pacific. 63s c., c.. c.
md j., 25H; Chicago, Burlington and QUINCY, 1I2;
e.. e. and Indiana Central, a; Hannibal aud ST.
Joseph, I1N; ohio and Mississippi, TX; Western
Union cox; Pacific Mail, Tx.
CLOSING ouor ArIOys