The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-26
The Stock Market Fairly Ac-
tive and Feverish.
GOLD STEADY AT 100 IL.
Government Bonds Firm. States ane
Railroads Dull.
Money on Call Easy at 8 a g q =
Per Cent.
WALL STREET,

THURSDAY, April 25-6P n.
The principal centres Of attraction 10 brokers
day we're Lake Shore and shs granger stocks II has
been generally rumorsd the for . few days
past that large but dckis operator had sold Lake
Shore very freely and that straw held mp In Fifth
avenue had nouced the spectators Of that nsighbos
hood 10 join In tho chase alter lower psicea There
has certainly been q process OF tanning this stock
upon the market for few days back which 10 met
with evident the part Of the bulls take
all they get under certain price, and amer de-
pine OF 2 per cent to-day, the proc was sent up
per cent At tho close. With Northwestern
.he 10 different Tho common stock opened
!h,s morning :, 52 tho preferred at TAX and after
serious decline IN both the common recovered
within u Of the opening price. while the preferred
closed ~ per cent below. The point is generally cir
cuated on tho street price OF stocks
will DO shortly .enui d,stantiG risd" and that per
will be pard both for the current oar Sew
sral large scwrgambng transactions have lately been
made according 10 the terms Of which the pient
OF $1,000 has hand 600 shares OF Northwest
common receipt OF 1000 shares OF Lake Shore.
Whether this 10 merely blur not be decided
until tho hands rather DO called but there
numerous gamblers wanting 10 have a hand in.
The transactions IN Erie to-day were large but the
price OF yesterday afternoon sustained. Tho
stock opened y, Is but immediately declined to Tx
and closed at l2H or e below the closing quotation In
London. Tho recsvcr's report Tor February, which
has just been issued, shows that the cash balance
has increased during the month from $449, 129 to
$500 49, that the receivers certificates
duced 10 $l.O20s6o during the same period The
public generally Is, however, still afraid and the So
assessment hanging over she stocknolders scares
corners Oh. large advance was repaired from London
in The price OF the mortgage bonds, and there is
general expectation that further difficulty will arise
A despatch from Washington brought tho good nows
that the Syndicate had applied for another S. oo0 900
Of the ~ per cents, which they had not TO
according TO their agreement until May This ability
dispose OF the bonds and the low rate Tor money,
which could be procured to-day government bond
collateral three per cent, have caused excellent
feeling only in Wan street, but In financial circles
generally.
oyESMG rRIcEa
The opening prices OF stocks ~ the Board to-day
we're iolle New York Central, lo6A; Erie, Is;
do preferred, 20; Lake shore, o4K; Wabash, II;
Northwestern, SIX; do referred, 72k; Rock Island.
1851; Milwaukee and ". Psu. 4Sh; do. preferred.
1s4; P,ttsbarg. 75x; Delaware, Iaekawsnna and
Western, SKI New Jersey Central, 15X; Delaware
aud Hudson Canal S4X; Norris and Essex. 7sX;
Michigan Central, 70; Illinois Central, 75k; Union
Pacific, COX Chicago Burlington and QUINCY, lO4k;
c.. c. aud !. c., 8; Hannibal and ST. Joseph, IL;
do. preferred, 27X; Onio and Msaisstpp .; Western
Union. Six; Atlantic and Paeiac Telegraph. n;
racino Mail, IL
CLOSING QUOTATIONS.