The New York herald., 1878-08-07
The Stock Market Still Ac-
tive. but Steadier.
@ o L D 1 Q 0 l. 2.
Government Bonds Active and Firm, States
and Railways Buoyant
MONEY ON CALL l-2 All-2.
WALL STREET,
TUESDAY, August &c p. n.

TUESDAY, August &c p N.
Like short horse which 10 soon currisd te-day's
market demands but little attention beyond rsoeg-
milton Of It's prevailing du!nsss and manifest strength.
The disposition to shatter values whether the educa-
tional institutions Of the lana should flourish not
has greatly subsided, and even though there be NO
marked effort to advance prices there is ne further
disposition to depress them. Alter the hrss hour or
this feeling became clearly apparent, a. was illus
rsted by steady rise in the Leading fancies. Thus
Bt Paul common, which had rslapssd to 81 u,
advanced to 33; the preferred was from 70 to Tx.
the Northwesterns showed nearly tie In tho
same matter OF Improvement and the rest
Of the list though less demonstratvs, followed close
ct the heels OF these especially active securtics
II is given this merning tnat at least one promi
bear in the Wisconsin stocks has ranged himself
upon the bu side. II turns out, OF cours that the
damage 10 crops has been greatly exaggerated and
that prices have been driven rideuleusly low After
all, there will be .panem' enough for ths multitude,
despite the reported desolausn and unlimited ''csr-
censes Tor the operator his friends II the upward
turn be as profitable as the downward one. The
impression that the epilepsy Of the market has ex-
hausted itself BY Its last d. Is being entertained BY
the multitude we'll BY single opsrators and the
Idea obtains that the decline is virtually over and
that higher prices may be looked for In
fact, bulIish feeling 10 taking the piaos
OF Q bearsh one, and the whole trad
ing contingent inclined 10 brush away the
losing coppsrs and bet their cards to win Two cir
cumsances, however. may interfere with their sue
cess-Hrst that the outside support, which
vsrsy maued the downfall OF the grangsrs IL sick
death OF any further speculation; and second,
that Lake Shore ana the coal carriers exist upon
pass Of fancy prices which may n any msment DO
subjected to the depletion Of thorough ana healthy
liquidation. Thus far neither Of these stocks shows
any symptoms OF giving way their occasional set
backs being quickly recovered fam and waning prices
sharply restored. Thus, to-day Delaware and Lack
awanna. weak at one time at 52x. was smartsnsd up
to 55, and Lake Shore similarly pushed from 6lx to
e2X. Although the highest agures Of these stocks
Is well OF the rest OF the list were contracted frac
tionally al the end. the market nsvsrtseess closed
with much strength and decidedly hepsful feeling
STOCK TRANSACTIONS.
The transactions reported at the Board to-day
footed up shares divided among active stocks
as ioows:-Ere Railway, 2S. 1896; Delaware, Lacka-
wanna and western, 81 62o ST. Paul common, 20 40;
Northwest preferred, 21,l75; DO. common, 1870;
Lake Shore, 10000; Western Union, o,265; Norris
and Essex, 1900; New Jersey Central, 1275: Onion
Pacific, Jos; Ohio and Mississippi 1900; Delaware
and Hudson, 300; Pittsburg, 500; Michigan Central,
400; Chicago, Burlington and QUINCY $50; Illinois
Central ZOO c., O. and I. G.. 200; Reck Island, 100;
New York Central, 81.
OPENING PRIcEs.
The market opened somewhat stronger for the
granger stocks Both kinds OF Northwest sold at
advance Of n the closing quotations OF the pre-
vious day; ST. Paul common sold higher and the
preferred Il higher, at 7oA; Delaware and Lscka-
wanna sold at a decline OF \, at IS; Erie sold y
higher, at Tx; Mishgan Central. for whicn e2 was
bid at the close OF Mondays sales brought 64K New
Jersey Central sold u higher; Western Union was
Y lower. The other stocks generally opened steady.
RANGE OF YLUoruArroM
The following table shows tho range Of the market