The New York herald., 1878-07-09
The Stock Market Active and
FeVerish.
GOLD 100 IL A 100 3-S A 100 IL
Government Bonds Lower. States CuJ
and Railroads Higher.
Money on Call Easy at 2 2 1-s
Per Cent.
WALL srRHsr, I
. Il u A. Il AZ \

MONDAY. July SCI NJ
The bears have been introduced 10 u new "wrinks"
through tho fact that lively bali market IL possible
even In sweering weather. There Is still, however,
tho great body OF qudnuncs who In reference 10 tbs
market, arc perpetuaiy asking, "what do you see"
getting In reply about satisfactory insight
into coming Sister did when she espied
tho cloud OF dust from the altitude Of the donjon keep
To the great mass OF traders the rise last week In Lake
Shore was deusion. and 10 many lis TALL today, has
been snare. u required sharp insight to dstoGa
tho advance asharp TO forecast the decline. and
Will need the sharpest one OF all 10 discover what
TO DO aone next To-day has been notable fol
frequent and sudden changes in the price q
the favorts Rising 627S before meridian. It oscih
lated for an hour within the limit
OF y per cent, and finally sunk down TO 6lk, which
The lowest price, and within - per cent OF the
closing Of the day. Two victories appear 70 have
achieved In to-day's campaign -First, Tho bril-
liant capture OF tho Twenty-third street snor.s aud
second the successful unioadn OF large amount Of
stock by the engineers Of the movement rnis was
success enough for morning, aud the quotston
thereafter left to take OF ITSELF which II did
badly enough, as nnal figures show. It w by no
means assured, however. that the ball movement 10
over. Considerable long stock was undoubtedly
passed to the bears referred but large lots
yet hand tnat must be passed over 10 some.
body else Would-be buyers OF long STOCK, deferred
by the present weakness OF tie property and hesitat
ing under the WARNINGS OF 'cauedt emptor,"
stand aloof and Of bears there
LETT even to be scared into purchasing.
II would seem, then that more WORK must bo done,
new short interest formed and fresh buyers created
before the accumulated surplus can be disposed Of.
We may look, therefore, for renewed upward whirl
In Lake Shore, which Will mako higher prices both
for Itself and for tho rest OF the market All hands
being intent upon following this wilI-o'the wsp OF
a Lake Shore speculation there was nobody loft to
look after tho OF the list Consequently dealings
lew. ah for most OF the day made 10 higher
pricss which, however were not sustained at the
end. Tho strongest stocks were tho grangers, Della.
ware and Lackawanna and Western Union, tho sdvxncs
being at time about per cent-an Improvements
rather duo to the Nip which Lake Shore impaired 10
them than any special interest shown by opcraiors
OPENING PRICES.
The opening prices OF stocks at the Board to-day
were as rolows:-New York Central, lo91<; Harlem,
lao; Ere, 1917; Lake Shore. 6lN; Wabash, AK,
orthwsstern, 62x; do. preferred. rs: Rock Island,
llo; Milwaukee and st. Paul. SAX; do. preferred
S4x; Delaware Lackawanna ana Western. 6l New
Jersey Central, 39a Delaware ana Hudson Canal,
5sx; Norris ana Essex, S6a(; Michigan Central, 90;
Illinois Central, s6x; Union Pacific, 641<; C., C., C.
and Il, 26k; Chicago, Burlington and Quincy, ll0i
Hannibal st. Joseph. Ilh Ohio and Mississ'ppis
SIX; Western Union, s91s; Pacific Mall, Tx.
CLOSING QUOTATIONS..