The New York herald., 1878-07-03
The Stock Market LESS Ac-
tive and Strong.
GOLD 100 SIS A 100 3-4 A 100 So.
Government Bonds Firm, States Steady
and Railroads Strong.
MONEY ON CALL EASY Ar Q A 8 PER CENT.
WALL STRKBr,

TUESDAY, July 2-6 r. M.
Sir John FrankIn's remains, hodged about by IA
circumnuent trgIdity, become in this heated term a
grateful object OF contemplatiod In comparison with
the red hot board room and its crowd Of perspirng
members As Arctic expeditions are practicable but
to the lew, the best thing is to escape from the
heated town to such accessible viuegiatura prom
iscs the lowest thermometer ana this exodus has bsen
acted upon by almost all the great operators OF she
street. 1t Is peculartty OF these gentlemen, how
ever get out OF gunshot, or, properly,
hearing Of the teegra ticker aud Stock
Exchange, 'though lost to sight" sIli remains ''to
memory dear" Such proven to be tho
to-day. The wires were early set TO work
from ca,hartiG Saratoga to braeng Fire Island,
and they all brought orders OF the tenor
and ensot-viz TO buy stocks psrsissntly largely
completely reversed, the bexrs, who had increased
and multiplied during tho recent decline ormid-
able degree, were treated to q midsummer squeeze,
prices Of active stocks were marked up with de-
termination that IL not frequently seen at this time
OF tho year. Lake Shore the North westerns
the lead, with the ST. Pauls and Western Union
good second, and the rest enough TO their
distance in the race of the day. "Bul talk"
much the fashion THIS morning a. shear talk"
week. ago. and all the old arguments which were
urged in favor Of the great future, particularly oil
out good as new. Indeed, there is every
to believe that the snticipasions formed ~ to
the prospects or the roads cited above will be
realized The last years. crop still continues 10 ar
rive at the Lake ports in fair measure, and Ia cst
mated that enough remains awaiting transportation
to afford q rsmuneratve business for the railroads
for the rest OF the summer Besides this attention
being directed 10 the prospects Of the coming fall
and winter, and these appear highly favorable from
The fact that present il magnificent
and that :ne crop will be- at least satisfactory
one. Lake shore, however, although It was to-day
used as lever host tho rest of tho MARKET, is
from its position struggling rival 10 antagonstic
roads snd competing waterways, NO more likely 70
benefit from the great crops In the years
10 come than il has in the years
present and past, and It s shrswdly suspected
that Mr. Vanderbilt thus viewing Contingencies mas
acted the part Of wise man BY selling out Certainly
under fact that with It's enormous tonnage Lake
Shore only been able to pay It's stock olders
per cent during the last twevemonth, an invest
mcnt in its shares does not seem highly desirable
The strength OF the prominent tavontss per-
vad,ng one and whole list felt the stimulus
Ireater or loss degree At the close the market
pxcoeongly nrm many OF shs best prices being made
1t the end oi the session.
OPENING PRICES
The opening prices OF stocks 1t the Board to-day
we're as ioilows-New ork Central l0S1<; Erie, 15H;
Lake Shore, SIX; Wabash, 13X; North western, As;
DO preferred, 73I; Rock Island, III; Milwaukee and
ST. Paul, SIX; do. preferred, 81; Delaware, Lacka-
wanna and Western, sof; New Jersey Central, 80;
Delaware and Hudson Canal, 575S; Morris and Essex
s3X; Michigan Ccntral 651a; Chicago. BURLINGTON and
Quincy, 1O6x; Ohio and Mississippi, TX; Western
Uuion, SIX; Pacific Mail l6X.