The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-26
FINANCIAL and COMMERCIAL.
The Stock Market Active and
Strong.
GOLD 1o1 A 100 70.
iovemment Bonds Strong, States Firm
and Railroads Higher.
THE BANK STATEMENT.
Money on Call Easy at 2 4 a
8 Per Cent.
WALL STREET,
SATURDAY. Nav 25--6 L. 81.


SATURDAY. May 25--6P n.
II there was not quito much ego" IN the market
Today as thcre yesterday, tho pace continued
lively enough TO take away the breath from such un-
fortunate bears had been caught mapping. The
ehie interest OF the day stil rested with tho wiscon
sin specalties instrumental In adding point
or SO TO Yesterdays prices Nevertheless, there was
loss appearance OF investors money and greater
show OF specializing upon margins, point which did
not escape Mr.. Gould who, judging that prop might
be servceabs TO tho Northwssterns proceeded to
ply It by sales OF .sprcads upon 00o shares OF
mon and 5000 shares OF preferred stock for thirty
days at cash consideration Of four per ccnt.
II Is pretty certain, therefore, that the stock
will DO held about present figures for some
time 10 como II It can DO managed, and nothing 90
ours TO send things "agloy," which, ms every
body knows. il quite AZ likely TO happen 10 stock
speculatons as Il Is to the "mcs and mcn'' OF sho
poet. Fresh attention invited TO Western Union
ana plenty Of advice gratis rendered TO bsycrs The
prescription, which guaranteed TO cure past In
activity and restore the stock 10 the robust health Of
higher prIcos was made up OF favorable reports Of
business and Of tho increased earnings due 10 the
economical management Of the lines Higher figures
Are therefore looked for, and In tho present temper
81 tho market there II reason why they should not
be attained. Tho coal carriers were fevcrish,
and later in the day Delaware and Lackawanna quite
broke down, losing about x per cent thereby. Re.
ports OF rioting at the mines Of the company
had something to do with IL, but those were
shortly after explicitly denied. The truth OF the
story seems 10 be that Of tho pool, who, In an
Anecdotal way Is often recommended TO take psdcs.
tran exercise. had mado up hts mind to 'walk," and
did SO. In purely selfish point OF view, ana with.
out regard to tho feelings OF his conreres whc would
probably have acted IN the same way toward him
had occasion oferodl he In all Likelihood acted with
Judgment Thoro is weak spo. or two In the coal
combination which threatens trouble. One OF these
los 10 the fact that tho Lehigh Valley refuses to al
prices with the other companies, and another
according 10 rcportJ is that the schedule prices.
though signed, scaled and delivered, arc not
adhered 10. At any ratio IL would be hazardous.
II Ia said. for dealer to bid 20 pcr cent
under published prices for . round number
Of tons, unless he desired to be placed In full una
Immediate possession Of the Same. The weakness In
Delaware and Lackawanna tended TO depress tho list
slightly, and some abatement ado from bctt
prices the cIcse but enough tochange the
oil tho market which remained pre.eminently strong
and lrm.
OPENING PRICES
Tho opening prices OF stocks at tho Board to-day
follows New York Central, 10sl; Eric
12zs; Lake Shore, c3l4; Wabash, IA; Northwestern.
SIX; do preferred. T54; ROCK Island, 1094; Mil
waukce apd ST. Paul, 52S do. preferred, 1915; Della
ware, Lackawanna and Westovn, 55ss; Now Jersey
Central, -; Delaware and Hudson Canal, 56x; Nor
ris and Essex, 81; Michigan Central, 81; Illinois
Central 50; Chicago burlington uni Quincy, 1885,;
ONO ana Mississippi So; Western Union, s3,<;
Atlantic and Pacific telegraph, %; Pacific Nail 49,.
CLOSING QUOTATIONS.