The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-19
FINANCIAL AND COMMERCIAL
The Stock Market Fairly Ac.
tive and FeVerish.
GOLD 100 SIS A 100 ga.
Government Bonds Strong. States Dull
and Railroads Weak.
MONEY ON CALL EASY AT 3 A 3 PER CENT.
WALL STREET,

WALL STREET, I
TUESDAY. juno LS-6 4. u.
Lake Shore which has proved to be the little ieaven
which has leavened tho whole OF stocks, active
and Inactive with the elements OF its weakness,
was once more this morning, tho chief recipient OF
speculative attention. Figures again lower, the
price falling TO 59h early IN the Day How much
lower might falen had It not been tor the
intended support lent by Mr. sages pus," is ques.
ton not easy 10 answer. II is well known that
sprivileges" (hardy be regarded IN this light by
the maker have been issued TO an extensive amount,
ard much higher prices and 1t Is 10 the tempting
profits offered by these that much OF tho purchasing
demand for Lake Shore is due. II Is believed how
ever that most Of these high figured bunders OF Mr.
Sage will expire within day Two, whom il
is probable that diminished dealings IN the
stock viii be the result. Regarded in general
way the Market though icverish, seadier to-day,
particularly In the case OF the ST. Pauls and North
westerns, which showed some inclination to resist
the intim dation OF Lake shore AID act upon their
own hook. This not!ceably the case with North.
west which was dealt In alter middsy-less dividend
OF 3 per cent on common aud 31 per cent pre-
fcrred sock--at prices which developed much
strength and pointed still better figures Western
Union was provokinaly weak and the THAT
there were Unusual for It's being especially
strong, since, report to be credited, the Benedict
suit which sought disrupt the union with the At
antic Pacific Company has been decided In favor
OF Western Union, thereby preventing renewal Of
the competition which formerly existed and was
again probable Ia case Of division oil interest boz
tween tho two concerns. III fatcd Ohio and INSISTS
sippi again sunk back into state OF dependency
and low Ggures very important screw
turns out 10 be loose the reconstruction
scheme and tho committee seem TO be unable to
tighten it, The temporary creditors OF the road TALL
70 see any buoyancy the floating debt aud threaten
to scutlc tho whole unless their demands are
paid in cash. This road unable to do, and
hence the typical apple cart, which II was supposed
the plan OF reconstruction had put in running order,
is in danger OF a fresh upset. AS happened yesterday
tho main interest oil the session attached to Lake
Shore though Western Union was strong bidder IN
the same direction. There are but few spectators
VINO venture TO sell the latter property short, while
the whole street seems 10 be ranged upon the bear
side in respect tho former, evidenced by the
and even commanded bonus of from 81 TO So per hun.
dred The list all higher A. :ho close. and be-
ter feeling prevailed
OPENING PRICES.
The opening prices ol stocks at the Board to-day
were as iows:-New York Central, 107; Erie,
l6; Lake Shore, SOY; Wabash, 12A; Northwestern,
81; do preferred, TAN; Rock Island 1lS}S; Milwau.
kee and ST. Paul, 501s; do. preferred 49,; Delaware,
Lackawanna and Western, 513s; New Jersey Central.
3o,; Delaware aud Hudson Canal, SOY; Morris aud
Essex S2A; Michigan Central, 66H; Union Pacific
cog; Chicago Burlington and Quincy, LOG; OHIO aud
Mississippi, So; Western union. S5H; Pacific Mali