The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-17
FINANCIAL And COMMERCIAL
The Stock Market Stronger
and Buoyant.
GOLD 1O2 So A 1O2 1-8.
Government Bonds Firm. States Dull
and Railroads Quiet.
THE BANK STATEMENT.
Money on Call Easy at 4 a 8
Per Cent.
GOLD 1O2 So A 1O2 1-s.
THE BANK STATEMENT.
WALL STREET.


SATURDAY. Feb l6-6P NJ.
Patsrfamias sagsly warns his offspring, addicted TO
too much burning Of the midnight oil In questionable
pursuits that emo good comes OF sitting up late o.
nights" and hts counsel IL popularity conceded TO DO
wise and just What, then. 10 10 be said OF IL when
The fathers themselves only up late. but all
night long, confederation OF matter about
Ihs inquiry Of which few. In this part
ef the country. have any question ct all.
Yet this precisely what our "Patvis ConseripG." in
Congress assembled, have been doing-sitting up
until Ave O'Clock in the morning-not Ito greet the
opening day" N the song has 1t. but TO 60 homo
rfter a night passed in successful dsbauch Of tho
national credit Although the Silver bill did not
come to It's passage like thief In tho night tbut
rather like toward mornnR) Its adoption by the
Senate failed TO affect the street with surprise.
the long and the foregone conclusion that
It would become law get the dscounting machine in
motion long since, aud consequently the consumma-
tion Of the iniquty was received with mpacency
shat scarcely disturbed values. Such changes, how
ever, took place were in the direction of higher
prices natural result OF the spirit OF imitation
Khicn pervades the bill. Even these were OF mod
brate extent, tho being characterized BY Its
hrmness rather than by any material ad-
vance, although figures crept gradually up
until the highest prices were reached ~ the close OF
The day Business, however, WAS more dull than &C.
tive-dullsr in fact than yesterdsyand was confined
chiefly 10 Lake Shore. the Delawares aud the North
western twin
III comparison with the extraordinary receipts Of
brcadstufs the past weeks those OF yesterday
and to-day small. II they are being mold back
under the impression that great war In Europe was
Imminent and higher prices sequence such
views are likely to be rudely shaken by the peaceful
nature Of to-night's dispatches With this hope, at
least, deferred, look to renewed pressure OF
breadstuns to Market contiuusd large earnings by
the trunk lines, and, helped by the imitation element
in the Silver bill, possible advance in the share
market ITSELF While the etock market grew strong
gold grew weak, dropping from 1921 TO 1927 at the
close, from which II would appear that the peace
prospects abroad affect the premium more senslbly
than does the Silver bill itself
OPENING PRICES.
The opening prices OF stocks at the Board to-day
wsre:-New York Central, l05K; Erie, OK; Lake
Shore 6lX; Wabash, 10; Northwestern, S5k: do
preferred, sly: Rock Island, s9jk; Milwaukee aud
St Paul. s7A; do. preferred, 6sH; rittsbrrs, II;
Delaware, Lackawsnna and Western, AK; Delaware
and Hudson Canal 46x; Norris and Essex, TX;
Michigan Central, 5oI; Illinois CENTRAL 73k; Union
Pacific. 67X; Chicago aud Alton, 76,s; Hannibal and
st. Joseph preferred, "a; Ohio and Mississippi ~;
Western Union, 76K; Pacific Mail, 22x.
CLOSING QUOTATIONS.