The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-07
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Feverish.
GOLD 100 70 A 1O1.
Government Bonds Strong. States Firm
and Railroads Higher.
GOLD 100 7-e A 1O1.
HONEY ON CALL EASY At sA 4 PER CENT.
WALL SrREEr, I
THURSDAY. June 6-6 n. I

THURSDAY, June 6-6P M
The market to-day decidedly mixed, some
stocks being strong others weak and the remainder
Irregular The opinions OF falling tho
same Heterogeneous condition tho future course
81 stocks, II being urged by that halt in tho
advance Is TO be naturally expected, even though .
decline need not necessarily follow. The very in
applicable conduct OF Lake Shore Its vacillation
between strength and enthusiastically supported by
It's friends and tomorrow LETT in the hands Of Its
snemies ana being all tho time mystery TO every
bodyis disconcerng say the least OF IL The only
TACT a. all apparent that after zezag fashion, the
price Is slowly creeping up. hence tho query from
many mems mouths. "Is bull movement contem.
plated that the stock is steadily absorbed when
freely offered; Is u formidable short interest being
quietly worked into the stoo,a a carefully nursed
basis of operations, andf SO who the party and
who the speculative Zion that acts man at the
whcelf" Il II POSITIVELY denied TO-DAY by Mr.. Keene's
brokers that their principal had aught to do with the
large lot sold yesterday; so tho street Is al fault again.
and 10 casting about other shoulders upon which
10 rest the responsibility Of the Transaction. The
most important event Of the day the sharp
Rock Island from 1l5H to l19, which grew out Of
report that the company. discovering legal difficulties
In the way OF dividing their reserved stock, had
avoided them BY declaring scrip dividend OF 80
cent. The idea seems TO DO that II any surplus should
be- lett after paying per upon tine should
DO passed over 10 the scrphoder, VINO. Lazarus like,
- expected to be grateful for the crumbs which
fall from the stockh 3lder's table, The closing price
was 49, tho highest Of the day. Whether tho stock
and scrip together worth this amount more
less, depends upon tho amount Of tho crumbs. Erie,
after falling back 10 TO- rallied At the close 16
The usual amount Of tnimberigging between the
home and London markets with the Germans manip-
uians the peal was INDUCED in without changing the
mon shares were lower. the diminished receipts OF
grain at Chicago inducing many timid holders to
realize their handsome profits. The preferred
shares however, remained steady, tho market price
OF so being regarded IS sufficiently chesp for
sured per stock. Business the Northwestern
shares continued to be moderate, pending The elec
lion, which was held to day at Chicago. The
result which may be summed up as the choice
Of the compromise ticket SO called, comprising tho
OF Messrs Gould, D. I. Morgan and Osborne of
this city, did reach hero until aftcr Board hours,
consequently its effect upon prices s: TO be seen.
Il may be accepted as certain however, that there
Will be throwing overheard Of stock, as was at
time apprehendcd. Closing prices were nrm, though
the market had not recovered from tho irregularities
which marked the days history.
OPENING PRICES.
The opening prices Of stocks 1t tho Board to-day
wore as ioows:-New York Central 1907; Erie, 16X ;
Lake Shore, 63M Wabash. 16t4; Northwestern, 53N
DO preferred. Tx; Rock Island, ZIG; Milwaukee ond
st. Paul, So; DO. preferred, S04; Delaware, Lacka-
wanna and Western, 56H; New Jersey Central, 295s
Delaware and Hudson Canal, 561s; Morris and Essex
s6H; Michigan Central 6S4; Chicago. Burlington and
Quincy, LOG; Quo and Mississippi, O.; Western Union
SAX; Pacific Mail, 1914
CLOSING QUOTATIONS..
Tho closing quotations OF stocks at three o'clock
p Nj. were:-