The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-25
The Stock Market Very Ac-
tive and FeveriSh.
GOLD 100 5-S A 100 1-2.
Government Bonds Firm, States Dull and
Railroads Irregular.
Money on Call Easy at 8 a a
Per Cent.
WALL STRICT,
WEDNESDAY, April 24-6 p. II

WEDNESDAY, April 24-6 7. II.
The bulls ana bears Of Wall street had each sue
cessiu inning to-day and although the bulls were In
the main victorious. yet their opponents played .
skilful and doubt satisfactory game. The market
opened little weak, but Immediately strengthened
up all tho leading fances, Lake Shore and North
west leaaing the dance with every appearance OF
strength ana buoyancy. After, however, the hrst
nali hour a large selling tendency was developed,
which lasted until the hour, when tho bull move
ment again set IN with renewed activity. 1t gen.
orally rumored the that large bull operator
had sold a block OF Lake Shore toward the
middle OF The day. and That tho uptown party
taking advantage OF his detection, had sold the mar
kst generally. Whether this be SO or not tho great
vitality with which Northwest and st. Paul recovered
from the onslaught created q renewed bull ieeing,
and the short interest which has been developed en-
rouraged umid bulls 10 rejoin the party OF higher
values. To ala Tho advance tho combatants Tor the
Northwest direction point more to the Large IN
crease in The earnings ol road and to the cnor
nous receipts OF grain at Chicago aud Milwaukee
The European news was also used as lever TO push
prices up the street to-day decided that the Bull
and Bear OF the East Al likely 10 quarrel as the
bulls and bears OF the Northwest. AT noon the Ere
road was put up at auction and bought by Gov
srnor L. D. Morgan behalf OF the reconstruction
trustees This sale been often postponed that
until u mad aCtuhIly TAKEN ptaCc icW PeiSonS
were found TO believe that some hitch would
not occur. lhe consequence OF The sale upon
tho price of the STOCK was an immediate
rise in the teeth OF the market, which was
then falling II justly argued that the sale
would allow the funds subscribed under tho share
sessmen and lying in the hands Of the trustees, TO
be used Tor the proper maintenance and improve
ment OF the road, and is clearly the advantage
Of the manag The should be held by
president Instead OF receiver.
The decline during the middle OF the day amounted
ut time scare and showed how dam
gerous the market has boon 10 deal In
Of late, us there no short interest upon
which TO fall back The fall of The last few days Is
conseQu ently great tonic 10 the market, and has
prod uced a much moro healthy feeling, which be-
came very apparent the dealings u; the Close whom
the high prices OF the day were made and when
money on cali was freely supplied 1t 4 per cent
PRICES.
The opcnin ing prices Of stocks ut the Board to-day
were as ioiows:-New York Central, 1868; Erie,
lla; Lake shore, 63ss Wabash. l73S Northwestern,
Soh; do. preferred, 7lss; Rock Island, 1861; Nd
waukee ana 81. Paul, AZ; do. preferred, 73H Della
vare Lackawanna ana Western, 54h; New Jersey
Central l6s.; Delaware and Hudson Canal, 54n;
Morris and Essex 49, Micnie Central, 90; Illinois
Central 1874; Union Pacific, 69es Chicago, Burling-
ton and Quincy, lo4k Chicago and Alton, 1874; g,
O. and C., az; Hannibal and ST. Joseph, II; do.
preferred, 27H, ono ana Mississippi, Q; Western
Union. soy; Atlantic aud Pacinc Telegraph, II /;
Pacific Mai. 20ts.