The New York herald., 1878-03-09
FINANCIAL AND COMMERCIAL.
The Stock Market Active and
Strong.
GOLD 1O1 3-8 A 1Ol Ia.
Government Bonds Active, States Dun
and Railroads Strong.
MONEY ON CALL EASY AT 4A5 PER CENT
WALL STREET, I


FRIDAY. March SO +. MI
The railway managers, whose chief business It APP
pears to DO is to scamper about the country for the
purpose OF fixing froght tariffs, which, whom made
they mmedin tey proceed to rupture, met Tor fresh
game Of .'pool'' al the Windsor Hotel last evening
From all accounts the reunion most satisfactory
one as should be the when everybody turns out
to be a winner As has happened scoro OF times be-
fore, proper amount OF psntence was proiessed By
tho backsliders, promises TO turn over any number
OF new leaves were made Tor the future and new
basis OF agreement entered upon by the contracting
parties. The gst Of this arrangement is that on aud
aftcr onday next eastward bound freights shall be
established on basis OF thirty cents per 100 pounds
from Chicago Now York. and that an apporttonment
for the various lines shall be made as soon a.
possible. Were II not that compacts OF this
kind have been made so often before only to DO
broken and that the custom OF "cuttinR" Is as much
identified with railroad management as 1t is with
game of whist some greater effect might have boen
produced upon the stock market than was actually
the case Nevertheless there was enough yeast IN u
to set Lake Shore and the granRers iermenting ana
to create a moderate rise each. The Improvement.
however, faicc 10 last beyond midday the occasion
offering too tempting opportunity Of selling 10 bs
resisted by some of the large holders Northwestern
preferred and Lake Shore conspicuous In this
relation no less than 15, 900 shares being by board
room observers set down TO the account oi Mr Keens
aono. For the rest of tho day the railway market
remained firm and active, without material changes
and without rally Of moment In the Vanderbilt
property. During the last hour sharp upward twirl
was given TO Union. 1t was quite evident that
with tho speculative breeze In the railway shares
blowing low something IN the shape OF a brisk side
blast was necessary 10 keep things moving and re-
course was mad Western Union Eolus prepared
wtnd- n
given to the stock by the starting Of cock ana
bull report shat tho earnings of tho company wore
largely increasing; that $780, 900 Of the floating
dcot had been paid of, and that the Executive Com
mittce had recommended the next dividend TO % Two
per cent The rise not Of long DURATION however,
being mostly lost before gong sound. There
was nothing TO be remarked IN the coal
shares beyond considerable transactions In Delaware
and Lackawanna at figures which inclined to weak
ness The Secretary OF tho Treasury Is out with
circular inviting subscriptions in coin-gold coin, OF
course as at present there none other-to the new
four per conts In the classic language Of Mr. squeers
hores richness for you'll" and Tor all such investors
asars willing to change lamps for old, by paying
out gold dollars to-day and receiving clipped silver
when they elect 10 SELL Will tho silver contingent
walk up 10 tho captains Office and settle upon the
amounts they intend to subscribe forf
OPENING PRICES
The opening prices of stocks IN Wall Street to-day
xere-New York Central, 105T; Erie, 9X; Lake
Shore. 62X; Wabash, 145s; Northwestern, 3Si do.
preferred, 66s; Rock Island, l00ss; Fort Wayne,
seH; Milwaukee, and ST. Paul. 39i4; DO preferred,
7lsI: Delaware, Lackawanna and Western, IL; New
Jersey Ceutral, 1oX; Delaware and Hudson Canal.
AZ: Morris and Essex. 6S%; limos Central, lax;
Michigan Central, 60z Union Pacific, 6s5s; Chicago
and Alton, 20; Ohio and Mississippi, ~; Western
un,ou. 77N; Atlantic and Pacific Telegraph 2lT;
Pacific Mail, %.