The New York herald., 1878-11-15
The Stock Market Active
and Strong.
GOLD QUIET AT 100 1-s.
Government Bonds Higher States Quiet,
and Railroads Strong.
MONEY ON CALL EASY AT 3 "A PER CENT.
WALL STREET,

THURSDAY. Nov. Id r. M
To-day's stock market afforded striking example
of "cor ct pr9terea n,ha-a plentiful exhibition OF
lung power on the part of brokers and a scanty
reward in tho way. Of fluctuations. With few ex-
ceptions opening and closing prices were within
fraction of the figures and the only prominent
feature of the day the Sasonke strength Of the
whole market. Nor did any Dellah. masquerading in
the guse Of bear clique. attempt to clip the locks OF
the bull feeling which prevailed by any sudden and
concerted raid and consequently the strength OF the
morning continued through the day and was un-
touched at the close. The only advance Of conse-
quence to be recorded, however. in Western
Union, which from 96s4 to 90A and fell back
finally to 9814, and III New Jersey Central which.
starting at 81, spurted to 1914 and closed at 32s.
Bullsh spectators in the telegraph fancy are feeling
better their disappointment Of last week. which
passed without division of stock. recovering
from the melon-colc suferngs entaiied by partakng
too freely of what proved to be uurpe fruit and
getting up fresh appetite for slice Of the cucurb-
ttaceous product which it is said will be surely
served, juicy and mature. In fact, belief that the
talked Of increase in Western Union shares would
certainly be made at distant period gave fresh i'm
pulse to the stock to-day though considerable assist
derived from the covering of shorts. who are
quick to take alarm under the ticklsh circumstances
in which the property is placed The improvement
In New Jersey Central seems to be founded
on good reasons. We have it from very
respectable authority that the business Of the
road through judicious system of management on
the part Of the receiver is exceedingly satisfactory
that the floating debt is being rapidly reduced and
that. with continuance Of the present favorable cir
cumstances. fair dividend may be paid-not, in
deed. for months to come, but sooner than is
generally expected. The street has nearly ceased try
Ing to get the "hang" Of Lake Shore. unaccount-
sbe are its periods Of strength and weakness. 1t Is
sure to have the other at precisely the wrong
time, and both bulls and bears suffer accordingly.
To-day. although dealings were large fluctuations
were small scarcely exceeding Il per cent. Reports
(such Mr.. Vanderbilt permits to leak QUIT are
favorable to the business Of the road and the
lngs for the first week in November said to
exceed those Of the same time last year
by $4,000. candidate for popular
favor and introduced upon the stock list to-day,
in the shape Of Canada Southern 1t presented
with flourish of trumpets at the first board. though
appearances were that the music Of both buyers and
sellers was furnished by the same composer. The
Stock Exchange spite against the bucket shops took
new form to-day. An injunction obtained by the
Board against L. W. Todd Il Co., bucket shoppers
par excellence restricting them from using tho tele-
graphic quotations. and thereby practically forcing
them to shut up shop. Having taken their Todd"
1t would be interesting to know whether the Govern
ing Committee intend to further refresh themselves
by proceeding against other houses OF the same
ture or whether they mean to swear off where they
stand.
The opening. highest. lowest and closing prices Of
stocks and gold at the New York Stock Exchange to-
6av were as follows.-