The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-14
The Stock Market Dull and
Weak.
GOLD 100 1-2 A 100 SIS.
Government Bonds Firm, States Dull and
Railroads Strong.
MONEY ON CALL Easy AT "a 4 PER CENT.
WALL STREET,
al. 80 n - Ar

Tho Stock Exchange being in the throeh OF con-
tested election which diverted popular attention from
stock combinations TO competing candidates, and
alurcd Idle and partisan brokers TO much pouring OF
hbations TO the sDest man'' instead OF hunting up
orders ii was natural enough that the amount OF
business transacted should be limited and the changes
In quotations unimportant Tho market opened with
very decided strength, which was particularly no.
liceablc in the granger stocks and Rock Island, the
latter gaming per cent during the day and
Keeping most OF to the end. TINS unusual move III
so auescent a stock excited much comment as well
as conjecture neither OF which satisfied by the
report gong that the company had In contemplation
The division among shareholders OF the 1000 shares
stock On the contrary, there were plenty OF
knowing old Stock Exchange birds who, declining to
be caught by any such transparent chat as Tins, were
decided IN their opinion that the whole matter was
put up Job aud that the job itself nothing more
or less than that oil making a market upon which to
sell the Northwesterns AS further prop In this
direction 1t is to noticed that Information was CON-
municated in quarters wnere II was expected 70 do
the mos, good that the Northwestern directors would
shortly meet and declare dividend OF So per cent
upon class Of stock. Despite OF these stimuants
The experiment OF pressing the stock Tor sale turned
out 10 be unhappy one, for II proved
TO be easier break the price than 10
and buyers, and tho upshot OF the whole
matter ut the end oil the day was comprised IN the
fact that while the quotations had gone oil nearly
Two per cent the OF stock that had gone oil
was very limited indeed 1t turned out quite breezy
day Tor Pacific Mall transactions being unusually
large aud dealings animated. 1t looked at one timc
as II ..bon poyage'' might be wished TO the sluggish
craft, with some hopes OF its being able 10 make one
IN route TO higher lgures but as usual the movement
gave out before the end and no progress was made
worth speaking Of The whole gist OF tho matter APP
pears to rest upon report from Washington that the
Senate Committee on Post OiIlces had agreed TO re-
port iavoraDly the bill granting subsidy
10 line steamers carrying the United
States mails between san Francisco and
Kong Kong and between the former city ana Sy dney.
Australia Among the outlying gossamers the Ohio
and Mississippi road showed fresh strength and nc
tlvity WIN an Improvement in the mortgages aod in
both kinds OF Stock II Is SO nearly certain that the
reconstruction scheme Will meet the appreciation OF
the meeting directors TO be shortly held al Cincn-
natl that certain bears who had sold the stock short
nj lower prices pretty active to-day In getting
out OF what threatens 10 be dangerous position Inc
res, OF the marKet remained neglected, but prices
held VOL until the Close when the list yielded
somewhat under the weakness manifested by North.
west aud 81. Paul
OPENING PRICES
The omen ng prices stocks at tho Boaro to-day
were as tollows:-Weslern Union, s1h Lake shore,
6lM; Michigan Central, bid, IS; Rock Island. l06h |;
New York Central, 1868 Delaware, Lackawanna and
Western 81; Delaware and Hudson, 54A; ST. Paul,
sl%: ST Paul preferred, 76S; Northwestern, 5lH;
Northwestern preferred, 72l4; Erie, 124; ohios, Sa;
Wabash, l4t; ST. Louis Northern, 5; Pacific MAIL 20
CLOSING QUOTATIONS.