The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-26
FINANCIAL and COMMERCIAL.
The Stock Market Dull and
Lower.
GOLD 1O1 La A 1O1 80.
Government Bonds Strong, States Higher and
Railroads Irregular.
MONEY ON CALL EASY AT 6A4 PEP CENT.
WALL STREET.


FRIDAY, Jan. 25-6P N.
To-day has boon nearly as dull as yesterday. the
only life being discoverable in Lake Shore. and tho
only excitement which attached to the dealing
'.sandcd cards" among tho professional gamblers,
who, having been eniiced into tho bobtail pool az
higher figures vainly squirming TO got out As
we once previously had occasion TO instruct our
readers 'bobtail poop' is sort OF cometc combi-
nation, formed upon tho spur Of the moment. meant
TO DO BRIEF conducted With energy aud permitted to
fade away the space of Inactivity After short
period OF existence. Tne late furry In Lake Shore
OF that nature. Aftor having duly ssalted" the
speculative car with plausible reports that Mr. YAM
derblt was purchasing, and further seasoning 1t with
the usory pretence that the companys brokers were
buying, thereby working figures up and preparing
strong MARKET the pool consprators commenced 10 sell
out best they knew how to the popular refrain OF
Devil tako tho hindmost." As to who this unfor.
tuna,o and beated individual Is, or whether he Is
close captive therefore possibly capable OF decd
Ing upon the orthodoxy or heterodoxy OF the Rev.
Henry Ward Beechcr's theological tenets, Is a moot
question is enough TO say that at least Of the
pool beng gifted with the acrobatc training OF
some OF the others, In the belief OF the street, lets
behindhand in the race and mercilossy 'stuck" Tho
exceptional interest Lake Shore ceased with
the of the Jack-screw party, both
tions fluctuations have greatly declined Changes
Of price to-day compassed by the limits OF one
per cent, with the exception of sale OF single
block OF stock, variousy estimated at from Ave 10 ten
thousand Shares and which smet strongly Of tho saw
dust, tho stock was given over the plagng horde
OF camp followers who were hand to give
coup-de-grdcc TO the dying speculation. so far
1ertlng the earnings OF the road tho movement was
OF no more consequence than the fly In tho fable
which SO enthusiastically buzzsd its copartnership
with the revolving wheel, and OF no moro value IN
suggesting the worth Of railroad property generally
than the operation Of a(ue pill Us illustration
OF the transit OF Mercury In tho midst OF the grail
movement and the benefits accruing 10 tho railway
thereirom. tho bears have ut least one STANDPOINT
from which to assai market, and this consists In
the fact that tho different lines have been cutting
rates to a very considerable extent. While each one
denies the TACT his neighbor, the testi.
mopy Is that some OF thom come into
court with clean hands That there necessity for
action, however, Is manifested by tho ntentioa
70 hold conference ovor tho matter but whether any,
thing moro binding than the previous arrangements
VIII DO arrived at is highly predetermined The coal
stocks granger shares and Western Union were held
with lar degree OF hrmnoss to-day but rather from
the fact they ignored by spectators than
that 10y any particular favorable qualities Of
their own. Taken all IN ALL the market was wIetchedy
dull and iailed awake from its torpor either to the
voice OF homo events or 10 the mixed and peace
news iron abroad.
OPENING PRICES.
The opening prices of STOCKS at the Board to-day
we're us follows Now York Central, 1905 Erie. OK;
Lake Shore 6216; Northwestern, 37d; do. preferred,
03 *; Rock island, 09A Fort Wayne, 30; Milwaukee
and ST. Paul. 39ss do preferred, 604 Pttsburg II;
Delaware, LacKawanna and Western, 501s; Delaware
and Hudson Canal, 491G; Morris and Essex Az;
Michigan Central 6O7S; ILLINOIS Central. 74H; Union
Pacific, 6S1s; Chicago. Burlington and quincy, l03;
Hannibal and ST. Joseph, 1lsS; do. preferred, 25;z;
Ohio and Mississippi, Ia; Western Union. ia;
Pacific Mail 2sk.
CLOSING QUOTATIONS..