The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-24
FINANCIAL AND COMMERCIAL.
The Stock Market Dull and
Steady.
GOLD 100 ga A 100 7-8.
Government Bonds Strong States Higher
and Railroads Firm.
MONEY ON CALL EASY AT 9A3 PER CENT.
WALL STRERT,

1
THURSDAY, May 23-6P. N.
The fact that tho aggregate OF transactions on
Change to-day did not exceed "a. 600 shares sufi-
sienty expresses the intense dulness which ruled
and which indeed the chief characteristic Of the
Under this cloud Of Inactivity u was subject
Of remark prices should have continued as bright
they dld, SINCE with or two exceptions, quota
lions steadily maintained and IN the case OF tho
Wisconsin stocks even advanced Whatever may be the
apprehension OF possible trick to be played sooner
later the Northwestern stocks, It is not to be
disputed the line is earning great deal Of money
The weekly earnings which for several months past
have surprised by their magnitude were fairly out.
done to-day by the statement tor tho third week
In May, which claims increase over the same
period Of last year OF about 100000 Tho enormous
receipts OF cereals Chicago sufficient evidence
that the granger roads doing highly rcmunera.
tive business, though the incredulous Spectator
nay be inclined 10 receive their printed statements OF
earnings with grain OF salt. Certainly there
fixed faith tho value OF the St. Paul property,
anu IL was further shown to-day by an advance In
prices highest points yet reached In tho present
rise. Lake Shore, Western Union, Central anu Hud-
sou and other usually prominent stocks were dead
the traditional door nail, and at times there wcro
scarcely fluctuations enough upon which TO build
quotation. To the surprise or everybody Ohios
slipped on IN the easiest manner possible nearly
IL per cont From the best Information
obtainable II Is understood that the reconstruction
scheme fully Endorsed and accepted ct the meet
Ing held at Cincinnati yesterday; hence the back ac
lion in tho stock to-day only be accounted for by
that mysterious rule OF contraries which sometimes
governs the street In TACT, tho day seemed unpro.
piious Tor or the skin and bono fancies, their
usually atenuated values being still further reduced
In the course OF the days business On the contrary
the dividend payn stocks aud those mat exhibited
premonsory symptoms Of dividends we're strong and
Inclined to advance. Among them was to DO noticed
Illinois Contra which from 7Sk to 81 and closed
within fraction OF the highest point There was no
from abroad to affect the market and nothing at
home; consequently, whatever lrmnoss existed was
due TO the innate strength Of tho stocks themselves
OPENING
The opening pricos OF stocks at the Board to-day
werc as follows:-New York Central, 1885,; Eric,
1919 Lake Shore, 625S Wabash Az Northwestern,
bOAs; do preferred. res; Rock Island l0SA; Mil
waukee and st. Paul, 81 do. preferred, TN; Della
ware, Lackawanna and Western, 55s; New Jersey
Contra, x2K; Delaware and II udson Canal, soy Nor
ris and Essex, sO4; Michigan Central, e51S; Illinois
Central, 7s; Chicago, Burlington ana Quincy, 103A;
ONO and Mississippi. "a; Western Union, S2h;
Atlantic and Pacific telegraph %; Pacific Mail, 1871
CLOSING QUOTATIONS.