The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-24
FINANCIAL and COMMERCIAL.
The Stock Market Fairly Ac-
tive and Higher.
Government Bonds Slightly Lower, States
Irregular and Railroads Strong.
MONEY ON CALL EASY AT 6 As PER CENT.
WALL STREET,

.
WEDNESDAY, Jan. 23-6P. NJ.
In asking attention TO todays history OF the stock
market feels like Henryv In the tragedy when IN
wiling his dear friends ''once the breach"
locality which is evident they had, within limited
PERIOD visited with indifferent satisfaction. In imam
cial way, it is not to the "mminent deadly" sort OF
breach we recr but to the recurring never deci-
ded and entirely attack and repulse which
characterize the approaches to the Lake Shore
Iation. Tho tight this favoro to-day resulted in
but little satisfaction TO either bull bear combaant,
and may be recorded drawn battle, far AS any
gain loss made In the market quotation.
While u Is quito plain that the party OF the op.
position Is made up OF a horde OF irregular stock
jobbing gueras, 1t Is by no means clear
what el people have Jumped themselves together
TO effect They not many, or the secret
would have been out they not few, or the requisite
power could not have been ebtaned thoy are enough,
however, the street specializing as TO who and
what they be and to afford plenty OF room for
lecture they fail TO discover opportunities Tor cash.
With a sweet morse OF mystery like this for gobe-
n.0uches to roll under their tongues It s not surprising
that our friends the fycatchers should have snapped
every buebotte report that within reach. OF
these there were many-good, bad and indifferent II
pretended that the large purchases of Lake Shore
some 20, 600 shares-made yesterday had been traced
to tho office OF Mcssrs Chase Atkins, tho financial
placed to tho credit Of Mr.. Vanderbilt; 1t given
out Gospel that Mr. Keene Mr.. Morgan,
speculative lion and lamb, had lain down together
upon tho shorts much the discontinue of tho lat
ter, and Importance gvon this theory when
tho break in the STOCK after midday led to the
mise that the lamb, as being the more nimbc animal
Of the two. had skipped out OF the movement with
soMorsault ana profit OF point two, is his
wont. There were other stories more less I'm
probable but better adapted to tho tho Marine
rorps than 10 those Of tho stock Exchange To tho in
qustive Gradgrnd outsider who only asks for facts
II sufficient say that Lake Shore. which opened
tho day 62x rose to 63 and returned to tho open
ing price at the close. That this property, well
the Western favorites, did not hold 10 the
opening prices OF the day, but rather lost
them at the close, was not due TO any fall.
ing of OF cummings or 10 circumstances TO their
detriment, for all accounts record increased bust
pess, the reported receipts of brcadstuTs to-day
ri the lake ports establish the iact Moreover Lon
don kilograms may be taken significant Of further
European complications: tho cloud with silver lining
which hangs Congress las regarded through the
gold prem,um) seems likely to pass by without break
lag, and the weather Is helping the Western farmers
their WY 10 market Under all these favorable
signs II Is not unreasonable to look for higher prices
the better class OF Stock Exchange securities That
they have failed more than hold their to-day
simply demonstrates how entirely the market is In
speculative hands, and how little the general public
interests itself in the matter.
PRICES.
The opening prices of stocks at the Board to-day
werc:-New York Central, 1868; Erie, 9T; Lake
Shore, 62A; Wabash, TX; Northwestern, 375I; do.
preferred, 631s; Rock Island, 99I Fort Wayne, 81;
Milwaukee and st. Paul. S9s; do. preferred, 695s
pttsburg, 72,s; Delaware, Lackawanna and Western,
BOX; Delaware and Hudson Canal, SO; Michigan Cen
trail, 6lL; Illinois Central AN; Union Pacific, IS;
c., c. and /. G., az; Hannibal and st. Joseph pre-
fcrred, &c; Western Union, TX; Pacific Mail, 23k.