The New York herald., 1878-10-11
The Stock Market More Active
and Very Weak.
GOLD 100 ga A 100 7-8.
Government Bonds Quiet States Dull and
Railroads Irregular.
Money on Call Very Active at
y g a z Per Cent.
WALL STR1Hr,
THURSDAY. Oct. l0-6 p. n


''0ouldus rsdivivus" would have been the exciama-
tion Of an ancient Roman familiar with bucket shop
spesuatons upon the oruml naa no been restored ts
lie and psstsd TO to-day's proceedings on 'change
"His tscsl" wsuld have better suited the crowd Of
brokers who have seen their business driven away,
legitimate speculation ruined and the Stock Exchange
transferred into gambling shop mainly through the
malign Influences OF the party In question Mslign
or Otherwise they were especially Influential to-day
Directed against Lake shore and Western Union they
were potsnt enough TO bring both stocks down by the
rum In the matter Of ngures The first named de-
olinsd from 90 e7N. and tho second from 931< 70
Nh. The very latest quotations showed, how
svsr, an Improvements OF y 70 II per oenI
BY q large majority II is conceded that
Mr. Go6ld's efforts to-day have been directed to
break the market. Yesterday he was 10 the vocative
to-day he 10 70 the afrmatvs-ths scalp to be taken
sull sticks and 10 more hrsuts than ever. II Is
scarcely polite 70 refer to the popular saying that tho
devil helps his own but - permitted TO affirm that
Mr. Gould 10 never successful az when the street
declares him TO be nearly "bustsd." Unques.ionabiy
his attack upon the market to-day through the In
strumentality OF Lake Shore and Western Union was
helped by sxt.aneous CAUSES The very disturbed
condition OF financial matters abroad, growing out
H the Glasgow bank failure las announced BY telo-
graph In the HYRALp this morning and since con-
Armed by private advioes), TO considerable extent
depressed the market here and assisted Mr.. Gould
In his bearish In tsntions Again was no helped
hy ccrtain eonsidsrstlons affecting the Western
Union property. There is reason to believe that ad-
vantage has been taken by certain friends Of the
company 70 sell ous their stock At the ruling high
priesa There s nothing like being bshnd the scenes
70 discover how mucn Of fictitious attraction 10 lent
through tho medium Of rouge, pearl powder and limo
lights Realizing this fact ireQusntsrs OF the Western
Union cossisses supposed have stepped out or
their hodngs lett their stock TO be carried by she
market There 10 nothing new. however, in the bear
arguments against the value Of Western Union They
consist or The old stories which tell Of now opposi-
tion 70 be bought of, or submitted ia, at . loss
Of busipess, the pending Congressional bill permit
sing railroad companies 10 establish ana work
lines pro bono pNblico, and the incessant Inn
provsmsnts and discoveries made which must
! b controlled. and TO do so cost money
A. an additional pressure Mr.. Gould brought his
iosces to upon the market, bidding openly
through his brokers per cent for call loans. when
u no time mediation refused to good houses
Asarsr than per cent An advance In gold 10 lOOT
was also attributed to the same agency and for the
sss object OF tightening money. and some 900
are believed have bsen purchased for that object
Taking matters for better worse, there vas more
"vorse, than "bctter" in to-day's prices and they
% remained At the close.
The following ths opening. highest, lowest and
clpsing prices OF gold and stocks Ut the New York