The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-20
The Stock Market Fairly Ac.
tive and More Steady.
GOLD 100 ga A 100 SIS A 100 ga.
Government Bonds Strong. States Higher
and Railroads Irregular.
MONEY ON CALL EASY AT A 3 PER CENT.
WALL STREET,

WEDNESDAY,, June 1916 p. M.5
Tho simple fact that out OF 16o, 900 shares. which
the aggregate OF the days dealings, nearly
hall is to be placed the OF Lake Shore alone
Is SUFFICIENT testimony TO how thoroughly The
favorte stock attracts speculation to ITSELF while
dwars that Of tho rest OF the list. These dealings
were, however, duo TO the promptings OF any
traordinary excitement, but simply traceaoIe to
the fact that Lake Shore immense favorite with
the multitude being eminontly safe for "hysr, In
that its fluctuations graded by eghths and at tho
present moment protected from any serious spas
modc action by the hedge Of puts and calls. spreads
and straddes which surrounds II. Consequently 1t is
known In street parlance as "safe gamble" and
pretty much every trader who has nve and
twcnty dollars his pocket for the matter OF that
in anybody elses pocket in obainable shape, makes
. daily appeal fortune through the medium
OF hundred two shares OF the stock The differ
ence between the highest and lowest points to-day
within small fraction OF per cent and the de-
cline In morning and the rally in the afternoon
were a. rsligiousy and unmeaningly followed by
the remainder OF the list bell wcther is by the
OF the hock Rock Island proved to be OF tho
strongest and steadiest stocks Of the day. A very
full and comprehensive report is issued by the dIrec
tors for the year ending March 81, 1878. Although
The most important items have been already made
known 10 the nrst time that the cancellation OF the
stated This stumbling block being happily and most
properly out Of the way there remains this diculty
lade by legal obstacle) Of dividing the panys
accumulated pronts among the stockholders. This
difficulty, Il 10 said. will be got rid Of by Is
suing stock under cooperative title assumed
Tor the purpose, which stock is to bear
interest At .the OF per per annum and be
secured by the invested profits aforesaid Pacific Mail
was particularly weak. ranging as low as 1871 at
tme but recovering to Tx at the close Ii is stated
that the Panama Company extremely ANXIOUS
20 see the color Of the money due them, and max
ing dextercus OF sharp nancal suck 10 that end
This in turn Is suppler ened by vague rumors OF
happy chickering's in tho direction ITSELF OF genera
state Of discomfort both financial and Official West
ern Union was both quster and frmer than on yes
terday the earnings for the past week reported
to DO SCI 900 IN excess Of the time last year
New York Central especially strong rising from
107 100k with few sales and stock Offering
supply bid at the latter figure, though the price ut
mately receded to 1osA There was nothing 10 note
Of moment In the grangers, they having for the
msnt fallen out OF the path OF speculation and little
remark Of tho rest the list beyond its general dull
ness.
OPENING PRIcBs
The opening prices OF stocks at the Board to-day
were as follows:-New YORK Central. 107K; Erie,
151s; Lake Shore, sex; Wabash, Is; Northwestern,
4sh; do. preferred, TAX; Rock Island, lis; NIL
waukee ana 81. Paul. SO; do. preferred, 1875; Della.
ware, Lackawanna ana Western, 5S1<; New Jersey
Central Blk; Delaware and Hudson Canal 58A;
Norris and Essex, s3k; Michigan Central, 67x;
Union Pacific, OK; Chicago, Burlington and QUINCY
Pasinc Mail. IL.
CLOSING QUOTATIONS.