The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-15
FINANCIAL and COMMERCIAL
~
The Stock Market Active
and Stronger.
GOLD 100 7-8 A 100 ga.
Government Bonds Lower States Dull
and Railroads Irregular
MONEY ON CALL EASY ATE IL sPER CENT.
WALL STREET,


After having been pretty roughly handled during
the whole OF Wednesday and part OF yesterday tho
bulls appear this morning have plucksd up courage
enough to make stand, and with the aid OF some
unknown financial Bluoher (whose brokers busy
buyers this afternoon) able tide OF
baltic in their favor Until the last hour the
market was exceedingly irregular, being weak or
strong, orders came in sell buy, and readily
disposed to take fright at any hostile demonstration
from the bear quarter. There was, however, real
Rtempt made by the fright OF lear
iul adversarios" probably because material want
Ing, the cock and bull threat OF railroad war and
the raw head and bloody bones spectre OF
Communstic strikes having already done their
work In forcing timid holders 10 sell out
Consequently there very little pressure OF long
stock to-day, but rather inclination TO buy bacK
shares which had sold at higher prices 1t docs
Lot follow, however, that the bull movement will DO
renewed with Its pristine vigor; there Is growing
feeling that railroad properties have advanced more
rapidly than is warranted by the slowly growing i'm
prove manifested by the country at large and
though there reasons, beyond those born Of
sheer manipulation, to depress values, tho time may
have arrived when it 10 necessary wait for tagging
prosperity to catch up. There Is litter time tor
period oil inaction than the drowsy months.
and II be that idea Of this has prompted
the great spectators their holdings. Dur
Tor Lake Shore which advanced the price to
62H, and by sympathy created keen appetite
Tor other active stocks Among those most TO benefit
the Wisconsin properties and coal carriers
Western Union NAMED steady the day through. SO
tar The short sellers have avaied themselves little by
thor sales OF this security. Nor do they venture
touch the stock, in this way, other than gingerly,
there being no1e tangere aspect about the con-
corn Which Is needed warning to the boldcst Of
bears Wabash failed respond TO the rally in the
rest of the marketin fact. It sold down from l5A to
Ia and there rested. It rumored that the road
would certainly be handed over TO receiver, and
s.hence those tearso The general market closed
strong, WITH IN many instances. tho best prices OF
tho day made at the finish The iuturc however, Is
full OF uncertainty, ana much diversity OF opinion ex-
lists a. to whether the Improvement Is . permanent
one or only prelude to another ''dump."
The opening prices Of stocks at the Board to-day
were:-New York Central, ll01<; Eris 1871; Lake
Shore, 61Z; Wabash, Isl Northwestern, 501s North
western, preferred, 747s Rock Island, 49, Mllwau-
st. Paul, sos; Milwaukee and St Paul, pre-
ferred, 1874 Delaware, Lackawanna and Western,
67A; Now Jersey Central, 29s4; Delaware and Hnd-
son Canal. 661s; Morris and Essex. sal4; Michigan
Central 67A; Chicago, Burlington and Quincy, 1861.
CLOSING QUOTATIONS
The following were the closing quotations At throo