The New York herald., 1878-03-30
The Stock Market Very Ac-
tive and Irregular.
GOLD 1Ol 1-2 A 1O1 3-8.
Government Bonds Steady, States Dull and
Railroads Strong.
Money on Call Active at 3 az
Per Cent.
WALL STREET, I
FRIDAY, March 29-6 Z. n.

ZS--o r. n.
The morning newspapers having convinced the specu.
ative mind that yosterdsy's warike kilograms could
bo accepted without salt and that tho conveyed
was in the man correct sharp buying movement sst
at the opening, which speedily made higher prices
for the whole list Especially this the case with
the coal stocks, which doomed up from to 8 per
cent, though they wero the echo OF beligerent
guns Practically, tho rise was as destructive TO the
short element though the stocks had really been
1rst class financial "Krupps," for such bears 40 were
lett have becn blown clean out OF the MARKET as 10
evidenced by the fact that coal shares were with DIM
Gully ient at per for carrying. Wnile the real
cause Of tho advance lay in an effort TO twist the
shorts, It was helped on by the war feeling, which
suggested q revival OF the long stagnate iron
trade and a possible iorOigu market for coal ITSELF
Next 10 the anthracite Shares Pacific Mail gained In
prominence, also through the estimated OBJECT OF
foreign imbrogo. II argued that the bulk OF the
carrying trade would Of necessity fall 10 the lot OF
neutral American ships, and that the service oi 'hs
western South American coast would tumble ike .
ripe pear into the lap OF the Pacific Mail Company
More than this, very large and lively canard was
flushed the effect that the British government had
bought up tho entire Pacific Mail Aeet Tor purposes Of
transport. AS the whole limo OF the Liverpool and
London docks is crowded with nrst class stesmers
waiting purchasers, It is not probable that Her MAI.
esty has taken SO violent and sudden fancy Tor the
fourth rate hulks which constitute the major part OF
the feet In question. However, canard IL bird OF
noisy fight, be ho . coot or q canvas back, and
whirr enough made to-day 10 send the stock
flying up two points So though about half the ad.
vance lost before the Close In TACT. there was
material values quito through tho list during
the last hour, the colliers suffering most and the
grangers following at respectful distance. In spite
OF London cables 'breathing continuous slaughter"
(which It appears s the proper thing to wish for In
these latitudes) the market gave way and closed
lower and feverish. reported panic upon the Lon.
don Stock Exchange IN "Russians ana Hungarians,"
with consols down per cent aud sharper rates ior
money in our own market, had depressing innaences
which for the time being shut out the grateful but
sanguinary prospect
The ongag eulents ship gold tomorrow to the ex-
tent OF ST. 500 900 did not help matters, though Il
rascd tho prco 10l prelude to higher hgures
when further shipments shall be made.
OPKXINa PRcEa.
The opening prices Of stocks at the Board to-day
were as iollows:-New York Central, 1861: Erie,
1oX; Lake shore, 65x; Wabash. 1sH; Northwestern,
As; Northwestern preferred, TAX; Rock lsand 1851;
Milwaukee and St. Paul, 43A Milwaukee and st.
Paul preferred, 72 Pntsburg, 20; Delaware LacKa-
wanna and Western, 54s<; New Jersey Central, II;
Delaware and Hudson Canal, 54; Morris and Essex.
Tx; Michigan Central, e5X; Illinois Central. 7Sh;
Union Pacific, cox Chicago. Burlington and Quincy,
10lX; Chicago Alton, 73; c., G. and Ind Central
sk; Hannibal ana 81 Joseph, 1lK; Ohio and Assis.
s,ppi 9; Western Union, 79X; Atlantic and Pasine
Telegraph, l9k; Pacific Mail. 1917
CLOSING QUOTATIONS.