The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-06
The Stock Market Active and
Generally Strong.
GOLD STEADY AT 1O2 ga.
Government Bonds Firm. States and
Railroads Irregular.
Money on Call Easier at 8 z
Per Cent.
WALL STREET.

SATURDAY. Jan. SO P. NJ
The market opened weak this morning, nearly the
whole list working toward lower prices. notable
exception, however, afforded in Lake Shore, which
loose from the rest Of the market and shot OF at
tangent though eager to get rid OF bad company.
The lowest price tho opening AT 81, and the
highest the closing at 62H. Whoever tho parties
may be that in the movement they deserve just
praise for their pluck and perseverance IN sustaining
the stock face OF depressing which have
occurred in financial circles, and II their prognostica
lions OF the future half realized they likely TO
reap satisfactory reward for their eora These anti
cipatons founded the traffic which Is Offer
Ing 10 the line the shape cereals and produce and
which, that tho roads getting passabe said
to DO pressing in great volume to the railroad centres
1t Is alleged that the freight DO carried will only DO
limited by tho capacity OF the road, aud evil
dence OF the demand In this respect we hear that the
Merchants Dispatch line have alone called for 900
cars Moreover there appears to be loss disposition
the part Of the farmers to hold back higher
prices, but rather q matter OF necessity then inc
nation tho effects Of the mud blockade having mred
them In their pockets we'll as In their roads aud
forced them to market whether they would not.
The above but portion OF tho roscate view which
tho friends OF Lake Shore display to the public but
enough to keep the stock firm and deter shorts
from selling too many imaginary shares The bears,
on tho other hand, rccur to the old arguments Of
wacred stock, competition with roads, tho alb
sence of public, the-but why mix verjuice with the
pleasant beverage which the bulls usP
II Is conceded that the Central and Hudson road is
doing humping business; reliefs Of laborers keep
the great elevators going night and day. and.the
ings OF the concern, nearly can be ascertancd
from the close mouthed management, are greater
than before In its history. AS bold background
10 the grain carrying railroads. and black one at
that, the coal companies conspicuous. They
made another plunge this morning which carried
Delaware and Lackawauna to 461s and Delaware aud
Hudson TO As. This the immediate effect of the
news that the Lehigh Valley Company would have
nothing to do with the combination under the allot-
ment Of tonnage proposed. Toward noon however,
prices improved, it boing surmlsed that the request
the part Of tho above concern that the Board OF
Control be again convened suggested the possibility
Of some sort of compromise. In fact, IL is
difficult to see how some Of the anthracite
companies are to keep upon their legs without
the propping OF something in the shape Of monop-
oily. "Needs must when the devii drivcsn and 1t
looks as # the old boy had the whip hand OF the
ton In the afternoon prices strengthened all around
under the leadership OF Lake Shore. The news that
the English Cabinet In danger Of dissolution upon
the var question, with the antiRussan feeling maui
tested by the people large aud tho sudden etup In
the money pressure In own market. the chief
causes Of the improvement. Rates Tor money, which
had sGcned to 1-32 and interest," YIELDED before bank
hours per cent, and plenty Of accommodation
10 be had at this figure before the Board closed
OPENING PRICES
Tho opening prices Of Stocks at the Board today
were:-New York Central, 106h; Erie, s; Lake Shore
81 Wabash, 10; Northwestern, 347s; Northwestern
preferred. 62l4; Rock Island, 991d; Milwaukee and
st. Paul. 3636; Milwaukee and ST. Paul preferred 72X
Pittsburg, u; Delaware, Lackawanna and Western.
AK; New Jersey Central, Is; Delaware and Hudson
Canal. AN; Morris and Essex 70; Michigan Central
coz; Chicago, Burlington ana Quincy, 1o2H; Chicago
and Alton, 76}S; c., c. and l. c., 3k Hannibal and
st. Joseph preferred, "a; Ohio and Mississippi, SO;
Pansma, 112; Western Union, Tx; Pacific Mai, 2lA
CLOSING OUor rfoys