The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-23
FINANCIAL And COMMERCIAL.
The Stock Market Less Ac-
tive, but Strong.
GOLD STEADY AT 100 II.
Government Bonds Firm. States Dull
and Railroads Quiet.
MONEY ON CALL Az 6A7A6 PER CENT.
WALL STREET,

MONDAY, April 22-6 T. MI
The stock market is somewhat in the condition OF
rheumatic patient who. though he shows no outward
and visible sign OF physical injury. is keenY ave 70
tho Inward and muscular pangs which rack his mem
bers After the pumme cling which the market re-
ccvcd on Saturday through the medium OF the North
west common decline the list seems TO be sore oil
pyer Mt least prices shrink away the touch Of the
seler with a sensltiveness unknown for long time
and with signs OF apprehension that repetition OF
the punishment is quite upon the cards. The tender
est spot is by all odds Lake Shore this security show
ing an inability go up and pronsness 10 90 down
which mystifes dealers. Thero is no doubt that the
opening OF navigation has encouraged some parties
TO 90 short OF It under the idea that earnings
must fall OF, and in fact reports OF this
kind are being indus,riously disseminated. 1t
is pretty evident, however, that the small pool
when carried tho price mp to e94 last week began to
sneak out on their own individual hooks at these
ngures and that the bow window people, seeming
treason in tho air. wore not slow in helping them by
accompanying sales of short stock. A. the opening
morning prices declined traction, but afterward
became nrm and so continued the day through. The
announcement oil Mr. ortons death the street by
surprise but those who counted upon the event hav-
ing a disturbing effect upon Western Union reck-
oned wrongly. for after fractional drop The stock
rallied and continued Of the strongest list
western property aud treated 1t does dog that
is likely as not 10 bite II you cnress him. Conse
quently there lever disposed TO take tho risk
than usual and the stock was left TO smaller
business but firm range OF quota
tons The ST. Paul shares remained strong,
without material changes in prices This stock is free
from dangerous attachment of an election nature
which is fastened torpodo-lke to the TANKS OF the
Northwestern and which may explode at any moment,
and has tho backing OF very rcmunerative business
and the prospect ola greater one next year. All re-
ports from The Western districts which employ the ST.
Paul road grain carrier testify TO the Increased
acreage sown down and to the promising
appearance OF the future crop There was nothing TO
remark 10 the OF the market beyond fair stead
ness and great caecrncss 10 deal while The North
west speculation remains in its present unsafe condi-
tion.
PRICES
Tho opening prices OF stocks at the Board to-day
wero as folows:-New York Central, l07A; Erie,
l2A; Lake Shore, 661; Wabash, lS14; Northwest
ern 521l; do preferred 731; Rock Island 107; Mil
waukec and ST. Paul, 506 DO preferred AZ; PittsA
burg 76k; Delaware, Lackawanna and Western,
BOY; New Jersey Central, III Delaware and Hudson
Canal SIS; Michigan Central 704 Union Pacific 1913;
e. G. and l. c., so; Hannibal and ST. Joseph, l2ss;
do preferred, AK; ohio and Mississippi 9ss; West
orn Union say; Atlantic and Pacific Teegi aph.
2I5S; Pacific Mail, 20
osrxC QUOTATIONS