The New York herald., 1878-03-07
The Stock Market ActiVaaand
Strong.
SOLD 10l IA A lO1 3-S A. 10l IA.
Government Bonds Higher. States Dull
and Railroads Stro~g.
MONEY ON CALL EASY AT 4-A5 PER CENT.
WALL SrRER.r,

VhOSnSDA'Iy MaIch w fsA.
The Osborne Morgan r ufuy Hatch ornbnation
werc at work belimos this Srning and with all
shoulders the wheel 10 roed the prices OF their
ypecIalties up fully. one ar cent beore meridian.
ReIerepce, OF course, 10 had to the Northwestern,
Lake Shore and Western Union, in which the move
ment was made, while tho remainder Of the list
dragged behind with 9nly such strength as was i'm
pGrle TO 1t through sympathy tits app aren't enough
that tho rise forced artificial and likely to prove
.lluclnatioD those who put faith ia Its integrity
for 1t is duo to the manipulation of lew operators
who are by tho strongest o-the street, and
II lacks the suppo OF any public wh aever. The up
spectators keep their bow window blinds pulled
down closely ever, and there Is NO evidence that
they take the leas interest in the matter Hence we
partcolor I'd, opsidet market, which may turn
turtle at any mos aent and swamp she unwary specu.
ator who has ON parked in the venture. Apart from
hs fact tnat the eight greater
roads still conth nues large, most OF the elements
which few wee ks ago constituted a sound basis
upon which to a Vance railway shares have talcd
away. Europea war seems TO be longer within
the range Of pu 'sibiitcs. the cutting OF freight
charges 10 being carried on upon more extensive
scale ever verythuIg betokens an early re-
opening of lake an canal navigation. Fortne next
eight months ther is p@ospectof uphill work for
the railroads II they expect to keep earnings up
tho present lard and little chance oil better
unless the silv,M bill develops It's capacity for
innalion, snethtng Unforeseen occurs to
better prices. - Is possD lie that this view
entertained by plrtes who to-day
sellers Of isiderabe lots Of Lake Shore on
seller sixty options, th other hand may have
nothing more than turn upon the market Tor
the sake OF dlffe romeo between and per cent
interest Western Tnon was bid up under Teutonc
AUSPICES from 76X ul7s hut failed holo dvanco
A. 49, ~lc~
that earnings were p Cres sing freely disseminated
There less done lac coal shares, and prices
NAMED without mate change and with hing new
concerning them, tn otlgh fresh activity may be
looked for when the ssembly committee renews Its
investigation on satun ay. Although the market may
be quoted as strong at he close prices somewhat
easier. as partially due 20 decline Of Pennsylvania
Railroad to 81 in Phi!a dephia. and small failure in
the Board room.
PRICES
The opening prices OF STOCKS ut the Board to-day
re:-New York c. ntral 1O5%; Erie 9L; Lake
shore, 62h; Wabsa b, 15A; Northwestern, S6%;
Northwestern prefers ed 64 Rock Island, 100; Fort
Wayne, SO; Niwauk co ana st. Paul, ASA: do. pre-
ferrea, MS Pittsbi arg, 6S; Delaware Lackawanna
and Western, 46%; New Jersey Central, 15S4; Della
ware aud Hudson Car al 46A; Morris and Essex 6s1S;
Illinois Central, 741s,; Michigan Central COZ; Union
Pac,hc, 6SsS; Chicago, Burlington and Quincy, 1OOH;
Chicago and Alton, 6SH; Hannibal and ST. Joseph
lOA; do. preferred, %; Oh o and Mississippi TX;
Western Union, 1871 Atlan'ac and Pacific Telegraph,
u; Pacific Mail, 81.