The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-28
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Feverish.
GOLD 100 70 A 1O1.
Government Bonds Firm. States Steady
and Railroads Higher.
Money on Call Easy at 2 1-2
4 1-2 a 8 Per Cent.
WALL STREET,
MONDAY, May 27--6 +. N.


The strength Of Saturdays market securely
bottled up over Sunday, aud when tho wires cut
al tho opening OF business this morning II sparkled
up as fresh and foaming as ever. In fact there was
rather much OF this latter quality for healthy
market slnco The impression produced that
prices were being stiffencd TO make market to sell
on, which turned out to De the TACT before The day
over. At the opening strong send on was given
10 the W estorn roads. which followed by Western
Union, Central and HUDSON ard Union Pacific, and
gain OF X to psr netted Tor each. Lake
Shore although largely dealt In, failed TO do SO WELL
Tor after struggling upward in fractional way It fell
In to the hostile hands Of tho bow window people, who,
treating IL with their usual courtesy, set It going
upon the back track with considerable celebrity.
Had the retreat boon confined 10 Lake Shore would
been bad enough but worse came out OF IN thu
shape Of decline throughout the whole list Thii
reversal in speculative feeling was not, however, to
attributed 10 Lake Shore alone There werc strong
suspicious that the opportunity was bong seized 10
iced the market with the. Northwestern surplus eec
ton STOCK, which the not over hungry recipient
choked and refused. Again, to day has been an
outand-outer in tho shape OF peace news which came
upon the slrcot ike Whit OF the millennium, but
was none less unpeasanty suggestive Of reduced
exports breadstuis and lower prices Tor the same
IL suggested, also, lower prices for the roads that
carry the breads,us and practically contributed 10
bring them ABOUT, as Tue TccOTu OF quOatOuS suoWSs
The upshot OF the whole matter is, that after midday
the course Of speculation became reversed that st.
Paul and lost the gain Of the morn.
ing and that Lake Shore after receiving the macdic.
tous OF tho entire herd OF bulls, being the prime
cause Of the trouble, not only parted with Its pary
Improvement but finished nearly one per cent worse
OIL than ii had started II would, nevertheless. be
Imagining VAIN thing to suppose that bear move
ment is upon the cards at present Handsome profits
have been made upon paper, which will look hand
somer sti when converted into grcenbacks, and It
was in this laudable effort at transm utaion that stock
spectators to-day engaged. OF other features,
the Market had none-a strong tone In the morning,
weak ono IN the afternoon, and good deal of dis
cord for tomorrow tho facts Tor the day and the
prognostication for the future
PRICES.
The opening prices Of stocks at the Board to-day
wcrc US tollows-New York Central, 10SZ; Erie
l216; Lake Shore, G3sS; Wabash IA; Northwestern.
53sS: do preferred, 20; ROCK Island, 1927 Mil
waukec and st. Paul. So: DO. preferred, SOY; Della
ware. Lackawanna and Western, 55l4; New Jersey
Central 70; Delaware and Hudson Canal, Box; Nor
ris and Essex, sl4; Michigan Central 67ss; lInoia
Central, s2sl Chicago burlington ana Quincy, lO41ai
Quo aud Mississippi, So; Western Union, S3s;
Atlantic and Pacific Telegraph 20; Pacific Mail, 1914.
CLOSING QUOTATIONS.