The New York herald., 1878-01-15
The Stock Market Active and
Irregular.
GOLD 1O2 IA A 1O2 1-8.
Government Bonds Lower, States Dull and
Railroads Higher.
Money on Call Easy at = G
Per Cent.
WALL STREET, |
~ n N M

uOfDAY, jan. 44-o +. M
Tho week opened with unexpected attack upon
Lake Shore which carried the price down from g. to
6O, subsequently let up sufficiently to permit rally
10 6l%, and finally went at 1t hammer and tongs and
drove tho quotaton back to COZ, which the
closing figures OF the day. There mystery, too
about the matter that puzzles tho small speeuators
who could mother the for the decline
detect the ndiduaty of the sellers To the gified
OF tho Board, however, who see through mill
stone peer into the middle Of next week with q
clavoyant readiness that should have made their Tor
tunes long ago, 1t was clear as-well, let say
mud-that Mr. Gould was at the "head and front oil
The oIending"-it may DO said the top and
bottom OF II and tho generally pervadug es-
sence and spirit OF It, 1t is by no means sure
tnat the clever brokers who have thus diagnosed
the operation wrong in their conjectures on the
contrary, there many reasons beeve that they
right judgng from the pertnacty with which the
attack sustained and tho amount Of sales which
attended IT, It is dincuit divine what Gould is
driving Al The Lake Shore road is doing we'll II re-
ports be relied upon and Is likely to do something
extraordinary In the way of earnings before the crop
shipments cease believe one-haf OF what its
iriends say. There was not wanting either, oppor
tunity 10 give dog bad name, and Lake Shore received
christening IN the shape OF report that tne road
cutting rates, although 1t Is not week the
various railroad managers held love feast and
eternal feaity to established ohargeG There proba-
bly, truth In the report, but II offered
chance to throw mud, and mud was accord
lngy thrown. Noxt after Lake. shore In
popular and speculative appreciation came tho
coal carriers; probably because these companies
which have been long in labor, at last delivered
Of a bantling, which will be christenod ''Combtna-
ton" furnished with layAte OF allotted shares and
rt~d futup hat will hv
develop a sound constitution probably end
in of ''rickcts." AS events proved, tho coal
people, under the previous comb nation. were thor
oughly nauseated with the result OF the scheme II
remains to be seen whether they are provided with
stronger stomachs that they have elected to re-
turn TO their yomit One thing at least is pretty
tan that with the industries OF the couptry parayzod
und tho market chock full OF coal tho public will not
suffer 10 be held while IL is attempted to
ministers bolus ofhgher prces. The recognition how
ever, OF the TACT tnat combination had taken definite
shape strength to the stocks to-day and advanced
prices moderately. Dealings In Delaware and Lacka-
notceaby large being the joint results OF
the bears attempts at covering and ofsome bulls who
bad more faith tnan discretion to 60 long The remain
der OF the list. which ofno Importance,
trasted with the favortes than corporaPs guard is
with the rest of army remained steady or Auctu-
nted within narrow limits, 1t received she IRON
the main speculation. Tho market closed moderately
steady but irregular and below the best prices OF the
day.
oPRYIyG PRICES.
Tho opening prices OF stocks ut tho Board to-day
were folows:-New York Central, lo6M Erie, ssl;
do. preferred, %; Lake Shore, g.; Northwestern,
B57s; do. preferred, 627s; Rock Island, 99X; Mil
waukeo and ST.. Paul, 37X; do. preferred,
60; Pittsburg, 75H; Delaware, Lackawanna and
Western, SIX rev Jersey Central, 17H Della.
ware and Hudson Canal, So; Norris and Essex, 10;
Michigan Central, 60ts; Union Pacific, osK; Chicago
and Alton, TN; Ohio and Mississippi. SH; Western
Union, II; Pacific Mail, 22X.