The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-25
The Stock Market Active ana
Irregular.
GOLD 100 1-2 A 100 5-S.
Government Bonds Strong. States Dun
and Railroads Irregular.
MONEY ON CALL EASY AT 1 A 3 PER CENT.
WALL STREET,

WEDNESDAY, July 2i-6 r. n.
A further rise in Lake Shore 10 65x this morning
ana the extensive dealings which accompanied it,
progress have all the quidnuncs wildly inquriug
"a 10 what It all may mean. Uniortunatsly, no one
seems 10 DO able satisfy their cravings for informs
ton and the matter remains as great an enigma to
board frcauenters az did the historic dumping OF
King George of blessed memory. Two solutions are
advanced as answers to the problem-one simple the
other intricate The first holds that the movement
nothing more than a bull whirl which will shortly
have It's day and peter out when lew prontaois
points have been realized; tho second assumes
that tho important result is aimed At OF
obta,niur complete control of the road, with
an ultimate intention Of forming an ALL
snce with Eric ana establishing by other
connections through and continuous limo from
ocean 10 ocean Against the frat OF these theories
we have the the short interest IN Lake Snors
has been reduced to q minimum mat inc wno's
speculative fraternity, from chief cook TO oottn
washer Is more long OF tho stock, ana that NO
demand exists beyond that which is stimulated oy
vague notion that the price viii 60 up anyhow
This putting to sea, however, with all nancs IN 'ns
same boat is held In stock circles to DO notoriousy
dangerous venture, and may prove to DO particularly
80 in the present instance, unless rssn snort
interest be built up meet the squall when It comes
AS for the theory which suggests control Of the roAo
ana an alliance with Erie, the Vanderbilt psop's
at least profess to know nothing. and ostsn-
s,bly laugh the project to scorn. Furtner'
we hear from excellent authority that any purpose to
Dust the present directors and hold now siecson
before May is utterly out Of the question wnat-
ever may DO the truth OF the matter, patent that
strong parties buying the stock, and when names
are mentioned particularly in connection with the
"through line'' IDEAL those Of Gould, Kesne and
large English holders OF Erie are conspicuousN
prominent With story OF this kind widely spread
and more or less believed 1t is natural mat Er's
should strongly sympathize with Lake Snore' ins
extensive dealings OF tho morning and the advance IN
the price proved that II did SO to consdcraoe OK
tent Five or SIX points more are PROMISED 70
bolders-tew enough, in all conscience, II tho
brilliant scheme has any chance OF bearing HuI
I'm fortunatsly stock board promises, like Dead Sea
appl,s. though spscious enough to the eye, are full
Of disappointing dust when the attempt is made to
nro6t bv them While Lake Shore and Erie were
making their way upward tho grangers were slipping
easily downward. Though pretty well sustained ~
tho opening they gave way and closed a. svsss
prices.
stor,cs OF more rain and generally inauspoious
weather were diligently wired from the West ana
wet blanket that the bears kept dripping and that IN
pulls had NO power wiring out, was sfsctually ar
Piled 10 prices. There quite gasp OF ACTIVITY II
Pacific Mail the pricc declining over ons per cent
yeport that the steamer Toxic some days over
dus was used TO reviviiy this moribund fancy.
fail OF point in Western Union due to rcazations,
s,ead,nsss in the OF the market and dulnsas
other stocks than those named wero the remaining
| characteristics Of the day.
OPENING PRICES
| The opening prices OF stocks at the Board to-day
| we're as follows:-New York Central 109x; Erie
| Tx; Lake Shore, "a; Wabash 1Sx; Northwestern
40, do preferred, Is; Rock lsand, ll4h; AMwsuke>
and ST. Paul. ~; do. preferred, soA; Pittsburg S2h
| Delaware, Lackawanna and Western, 6lA New Jsr.
| sew Central 3sH; Delaware and HUDSON Canal. SSx;
Morris and Essex. IS; Michigan Central, 67s<; c., c..
G. and l., 81; Chicago, Burlington and Quincy, 113i
c.. C. and L. e., AZ: Hannibal and ST. Joseph 11Xi
| do. preferred 27h; ONO and Mississippi TX; West
ern Union, 944 Pacific Mail, Tx.
| CLOSING QUOTATIONS.