The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-03
The Most Active Day of the Year
in Wall Street.
GOLD Dl IS A Dl IA A lOl Is
Government and State Bonds Quiet-Rail-
roads Generally Higher.
MONEY ON CALL ACTIVE AT PER CENT
WALL STREET,

TUESDAY, April 2-6 p. N.
The bulls have commanded the market to-day a.
thoroughly as thoroughbred Anda!usian commands
the when baRddiieros aud chulos are driven TO
skip the barner for safety In Spanish bull hghI
There mdtador on the short side to give
coup de 0rdce to the rise, SO the advance INDUCED In
Lis rampag without let or hindrance. Chiefly was
this observable IN Northwestern stocks and Lake
Shore, both OF which made marked progression IN
the days proceedings. There are plausible reasons
Why OF these properties at present attractive
10 buyers. These reasons may De summed up briefly
follows: Tho North western road has been and 10
earning money to an amount exceeding the ex-
ptclations or It's friends, aud sufficient II Is
Affirmed, 10 warrant a dividend upon the
sommon stock. Indeed. the street report TO-
lay that such Dividend was imminent
md that It would not be less than nve
md might DO even seven per cent Further, the
rrugge for supremacy at the next election continues
with undated force and the game OF pull devil pull
paker, us between Mr. Gould and the opposition, not
only strengthens prices now. but Is promising Of
higher ones to come The dnnger OF the speculation
ID that party is assured OF victory the
other becomes seller Left out the cola AS the lat
would BE- by defeat. would become their religious
duty TO make hot the party that stays IN and
would be done by doucbing the market with their
Ineffective hoaipgs sucn Is the reasoning for an ad-
vance and subsequent possDle coHaPAc IN Inc Norm
~esterns Tue Lake shore speculation Is to be con-
sdered some differently. TINS favorite stock has
made but little progress during the last month, whie
Ine grangcrs have advanced ten per cent or more.
rho bost price since the LIST OF March WIS made
To-day and that gain or only y per
cent upon the monthly record. Comparatively,
therefore, with the rest oil The railroad list the price
is low. lntrinscaiy may be high. when lake, canal
and railroad opposition Is considered but u 10 not In
This light that now propose to regardlt As asiop
rap 10 disastrous break In the grangers 1t may DO
Invaluable SIMPLY because Is likely 10 be used az
The most available support TO theso stocks when the
pool p opposes sell aud because from tho extent Of
dealings and the narrowness OF fluctuations Il 10 the
safest upon the list trade IN. and is therefore,
likely 10 creates. concourse OF small specu
lators. The coal carriers were inclined TO fade away
from public Interest," did prices IN point OF Values
30 have customers, now that the short interest has
been closed up Like wayside railroad station, the
monetary hustle ana confusion ceases with the de-
parture the The bears have Departed passen-
gers congenal speculations and covered as 10
contracts by the thick thin financial Of pront
or loss. The prices OF The day we're not the bcst,
but were nearly So and closed with undenia-
BILE strength for the leading securities
OPENING PRICES
The opening prices AT the Board to-day fol-
lows New ork Central, 1861, Harlem, l49; Ere,
10h Like shore, 65i4; WABASH, lsh; Northwestern.
l7h; North western preferred, 72A; Rock Island,
lo3x Milwaukee aud ST. Paul, %; Milwaukee
and ST Paul preferred, 72s4; Pittsourg, TN;
Delaware, Lacxawanna and Western DAN; New Jer-
scy Central, Ii Delaware and Hudson Canal. 81;
Norris and Essex rs: Michigan Central, dos Illinois
Central, IS; Union Pacific, ossl; Chicago, Burlington
and Quincy, lol1; Chicago and Alton, "a; O., G and
l. e., AZ; Hannibal ana 81. Joseph, ~; Hannibal
and ST. Joseph preferred. y; Ohio and Mississippi
*; Western Union. 500 Pacific Mail, 2o's.
cLosiNG QroT ATOMS.