The New York herald., 1878-03-24
FINANCIAL AND COMMERCIAL.
The Stock Market AcUlve
and Steady.
GOLD STEADY AT lOl l-8.
Government Bonds Slightly lower, States Dull
and Railroads Higher.
THE BANK STATEMENT.
THE BANK STATEMENT.
Money on Call Easy at 4 1-2 a
8 1-2 Per Cent.
WALL STREET,

SATURDAY, Marcu Z3--0 I. NJ J
being Saturday, the drivers stokcrs Of specua-
ton have slowed down tue machine, as It was III they
should do on approaching the end OF the weeks
journey. II followed, therefore, that we had but
slow market to-day aed one SIMPLY characterized by
diminished business and great ,tirmness through
out the list. Appearances are that the Lake Shore
sellers have got to the end OF their stock In trade,
since there was further pressure to sell to-day
Ii their desirs was ouly 10 turn long held shares
which had grown musty BY keeping-into money, no
better market could have been afforded; II thor in
teLton TO create break or the establishment OF
lower prices and an opportunity repurchase adj
vnntageous terms, they have been disappointed
The market has taken the stock but declines
smash up suit anybody. In fact, the
very persistent strength which characterizss
the trunk roads not easiy reconcilrblc with the
season OF tue year. the opening OF navigation cutting
OF rates, and tue probability lin the opinion Of gooo
judges that the gruiu crop mas for the best part
already found It's way TO tidexaer In spite OF these
unavorable circumstances the tendency OF values Ia
upward, aud the street IL pretty nearly converted
Into nc;ie OF higher prices 10 come. Lake Shore the
grangers md Michigan Central regarded with
special favor in This respect and poin privileges
looking 10 thus consummation are as plenty black
berries The ricnds OF the coal stocks still car
ncsty endeavoring to prove to doubling commd-
nifty tina black Is white by talking up the value Of
their properties privately and bidding them up pub
lcly They have succeeded far as to bring
Delaware and Lackawanna into the most prom
inent position tho list Of active stocks
and to advance tho quotations proportionateiy.
To-day stood at tho head OF the list In volume OF
transactions, though lhere was falling of from
best figures At tho close Tho various lodges la
mar 10 tho street Of puts and calls and bets upon
earnings resorted stien the price, aud tho
amount OF echin" employed is ouly equalled by the
amount of "cheek" which instigatcs 1t. Western
Union only moderately dealt IN, aud Pacific Mail
even less So though the latter lost per cent
betwoen "And anu 1nish." Closing prices for the
whole list strong at tho end, but At rcaction
from the best ones of the day.
OPENING PRIcEs.
The opening prices at the Board to-day were AZ
follows New York Central, 1855 Erie, l0k Lake
Shore, 63% Wabash, 10; Northwestern, Az; North
western preferred. 69,a; Rock Island. l02; Mil
waukee and ST. Pan" 4o1s; Milwaukee and st. Paul pre-
ierred, T2N; Phtsburg, IS; Delaware, Lackawanna
and Western, 53iA Delaware and Hudson Canal, 517S;
Morris and Essex, 75%; Michigan Central 64aS; III
tnois Central, 75S; Union Pacific Tex div.) 70163
Hannibal and ST. Joseph, 1oH; Ohio and Mississippi,
s. Western Union 70; Atlantic aud Pacific Telegraph,
10; Pacific Mall 1sha.