The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-12-29
The Stock Market Active
and Strong.
THE BANK STATEMENT.
Government Bonds Dull States Lower
and Railroads Strong.
Money on Call Easy at 4 8 a
9 1-2 Per Cent.


SATURDAY. Dec. 2S-6 p. NJ
Upon the Stock Exchange an active business was
transacted to-day in all the prominent specalties.
and without exception there improvement
shown in closing prices. The Northwesterns led
the way as it was natural they should have done.
backed up as they by the best speculative talent
and bank accounts OF the street Higher prices bya
matter of ten per cent confidently predicted. and
the reported earnings of the road would to
justify this anticipation. 1t is however to be re-
membered that the article of 'tafy' is cheap, and
that the free distribution of it in the shape of points
to buy costs the gvers whatever it may cost the
acceptors) little nothing. Like Daniel in the
lions den. the first named in position
to see the show for nothing. While the North
westerns secured an advance of nearly one per cent
upon the days work their companion granger. the
ST. Paul road. attempted to vie with them in SYM
pathetic emulation. The attempt successful 50
far the preferred shares concerned, rise be-
ing secured of nearly point. but unsuccess-
full in the of the common stock, which closed as
ii had opened. There is reason to believe that the
next comparative sta nen of earnings (Which this
company is to be commended for giving with praise
worthy regularity. whether il be of good report
bad reporp will show material instead Of
decrease. as expected and this belief helped to
stiffen values to-day. The anthracites were irreg-
ular Delaware and IackawaEna being weak. Jersey
Central strong and Delaware and Hudson steady.
The first named sold down at time to Al which,
if memory serves is the lowest quotation for the
year; the second gained nearly per cent the
publication of its probable connection with the Balt
and Ohio road and the third remained firm from
the support OF buyers who were identified with the
rise of last summer Meanwhile coal is selling at
about 81 20 per and it is rumored that the Della
ware and Lackawanna Company will offer 10000 to
10000 tons at auction shortly after the first of the
year. Erie inclined to weakness. Western Union
remained firm and neglected and Lake Shore rising to
20 received its customary black eye and retired the
safer quarters of 60 and fraction The petition Of
some six hundred members requesting the Govern
ing Committee to establish nodts operdndi by
which fractional shares be conveniently dealt in
was favorably received by that body and steps will ut
be taken to perfect plan. Probably the system
Of bi-monthly settlements in vogue upon the London
Stock Exchange will be adopted and il the plan works
smoothly it may be extended to the settlement Of
larger transactions we'll Apart from the stocks
ferred to the market was dull. There more ami.
nation. however, in the Gold Room. where the com.
modify in demand for borrowing purposes, and
the premium advanced thereby to 1-32, which bid
in the street after Board hours.
The opening, highest. lowest and closing prices Of
stocks ut the New York Stock Exchange to day were