The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-09
The Stock Market Fairly Ac-
tive and Strong.
GOLD STEADY AT 100 rs,
Government Bonds Firm States Dull
and Railroads Irregular.
Money on Call Active at 9 a z
Per Cent.
WALL STREET,


rho bun feeling, bottled up over Sunday, came out
with rush this morning when business was unwired
or the week. titlatng the palate of purchasers and
spreading cheerful glow over the whole market.
This favorable Impression chiefly made upon the
soal carriers, Lake Shore and Northwest, OBJ
Iervable activity and higher prices.
Beyond the others, however, Northwest common
shot to the front and kept IT, going tho pace and max
Ing the running for the rest Of tho market II is EVIL
aent that speculation in this stock Is too good
Thing to be dropped altogether SO long as the road
continues largely and long the success
Bon TO future control Of the direction is unsettled.
Consequently The eagerness exhibited to buy
back shares previously sold, often with no
profit all and sometimes at posi-
tive loss. Nor Is il safe to play tricks
with the stock by juggling Tor profits through tho
medium of small turns. when Mr. Gould stands ready
to bargains ana to demonstrate that for every
trick Of the opposition party he knows at least TWO
Next in order Of activity came Delaware ana Lacka
wanna, which, with large dealings advanced at one
time point or So settled back to opening figures
at the end. There is a presennment that the coal
stocks will BIO carried hghcr, but there does not
pear be any better for 1t than that which
attaches to elderly ladies'. who obtain provision OF
omng event by feeling it IN their bones. AS one oil
the gossamer faucies the Ohio and Mississippi prop
erty unusual attention. being dealt in to the
OF prices. Fears that tho newly formed
Committee on Reconstruction would recon-
mend the levying OF assessments upon the
stocks have hitherto deferred many operators from
buying wno In other respects, were satisfied with the
present earnings and future prospects OF the road
We from very excellent authority that the matter
assessment has never been considered much less
contemplated, and that there reason to suppose
that it viii be considered. meeting OF the COM
Nhavo
every to believe all existing difficulties will be
harmonized and plan settled upon that will be
effective establishing credit and prosperity OF
tho road. During the last hour The market grew
weak, and lower figures were made for ST. Pauls
the coal stocks The fall was accredited TO one OF
those extraordinary tours de force which have become
second nature prominent and acrobatic
operator, who, through the plethora OF circuses in
town. probably shifted sawdust in the AIR and was thus
brought back recolections OF previous and similar
performances. Tho upon this occasion was
that occupied by the ST. Paul 'crowd" and the sub
jet ST. Paul ITSELF which freely sold from AIN to
45x and thero rested for the day. The effect, az
stated, WAS weaken tho market generally and this
feeling was augmented by some tear OF higher rates
for money account OF the small line OF legal ten
ders held by the banks AS yet there Is no evidence
OF this in tho money market. rates for call loans
naming unchanged
OPENING PRICES
The opening prices Of stocks at the Board to-day
were New York Central, 107; Erie, 1917 Lake
Shore 655S; Wabash, 1917; Northwestern. AK; North
western preferred, 72ls: Rock Island, 1929; Mil
waukeo ana ST. Paul, Al; Milwaukee and 81 Paul
preferred. 72x; Delaware, Lacxawanna and Western,
55x; New Jersey Central, lex; Delaware and Had-
son Canal 55l; Morris and Essex, IS; Michigan Gen.
trial. 6sI6; Illinois Central, 75h; Union Pacific GA;
Chicago, Burlington and Quincy, 1929 Hannibal and
ST Joseph 1lA; Hannibal and st. Joseph preferred.
2sh; Ohio and Mississippi 93s Western Union, san;
Pacific Mail, 20H.
CLOSING QUOTATIONS..
The following the closing quotations at three