The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-25
FINANCIAL AND COMMERCIAL.
The Stock Market Dull and
Steady.
GOLD 101 1-2 A 10l 3-S A 10l II.
Government Bonds Firm States Strong
and Railroads Higher.
MONEY ON CALL 6 A 3 PER CENT.


WALL STREET,
THURSDAY, Jan. 24-6P. NJ
Stock Exchange matters grew calm and tranquil
to-day the weather. and the late excIeme seems
to have blown away with yesterdays gale. Accord
ingy speculation subsidized into the ordinary game of
brag, with its accompaniment OF chicanery, false
hood and furtive thievery which, II practced tho
same extent IN fashionable hell would bring down
tho "cops and consign all concerned TO the tender
merc.es of police magistrate. For some subtle
reason, however, the Stock Exchange enjoys an i'm
munity from the penalties Of the Gambling act; but
in what respect It's ordinary Transactions rugged by
prominent financial 'egs' differ from the business of
loaded dice, marked dcvtry which arc
the stock trade oflcss conspicuous genteey rabooed
but equally square. resorts, would puzzle board
member himself to explain. There has been much calling
Of and charges of 'cheatng arou the boardu
today anent the break In Lake Shore, but there Is
little satisfaction crying spilled milk, while tho
slippery brethren are laughing in their sleeves finger
ing the profits and caring less than jot for all the
anathemd udranatha that thor cajoled confreres
can shower upon them Tho reversal Of the Lake
Shore speculation was, after ALL Of moral dis
appointment than a financial injury, for tho decline
scarcely exceeded single pout upon the days bus-
ness While the decline during the last two days IS
mostly to be attributable to keen nose for profits
II has been helped by tho reiterated rumors of rate
further added TO this morning by charges against
the Erie Company as being detected in Gagrante
dcticto Through free sales and rate cuttings
the favorable aspect Of railroad matters
offered but moderate attractions to spectators,
although they expressed by continued great re-
ceipts at the railroad centres aud most satisfactory
earnings by the railroads themselves to say nothing
OF tho foreign cables, which como moro warike than
ever, were construed by fall OF conscls of 4 per
cent on the London market and by an advance in
wheat upon our own. The removal OF the bull i'm.
pulse from Lake Shore very seriously reduced to-
days aggregate OF transactions that stock as well
AS tended to dwarf dealings in the other actives.
Notwithstanding prices we'll sustained in the
granger stocks, the new "Gun Club' keeping special
watch upon these properties. and remaining con-
santly upon the alert to spot" any venturesome bear
who should show q disposition to sell hundred shares
moro Western Union, the coal stocks and mis-
cel.aneous shares generally were quite out Of the
market, and bid fair 10 remain until special
cause will rcattract the public attention.
OPENING PRICES
The opening prices OF STOCKS at the Board to-day
we're as follows New York Central 1907; Erie OK
Lake Shore, 62A Wabash, 16A; Northwestern, 81
DC. preferred, 63H; Rock Island, 99T; Milwaukee
and st. Paul. 39n; do. preferred, 694 Pttsburg 72
Delaware, Lackawanna aud Western, sos Now Jer-
scy Central, 15h Delaware and Hudson Canal 49% /;
Norris and Essex, rs; Illinois Central. 74a; Union
Pacific, 6S; Chicago. Burlington and Quincy, 1O3
Cnirago and Alton. 79M Hannibal ST. Joseph pre-
ierred, 25H; Ohio and Mississippi. 7sS Western
Union, 77& Pacific Mail, 23X.