The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-11
The Stock Market Fairly Ac.
tive and Steady.
GOLD STEADY AT 100 1-2.
Government Bonds Firm, States Steady and
Railroads Strong.
MONEY ON CALL EASY AT 5A PER CENT.



After permitting tho market 10 grow wSaker day BY
day Tor u week past, until symptoms Of what might
turn out TO be u serious decline began 10 show them
Selves 1t thought advisable this morning 10 senA
for the doctor and procure tho administrator Of
tonic TO restore tho tone OF speculation. TINS was
done by enai ug an active support to the Northwest
orn and ST. Paul shares. which in the course Of the
day advanced quotations something over ono per
cent 1t WAS not difficult to this jack screwfng
process flor it was MOTH Dg more) 10 the Gould In.
terest nor TO ind Tor It in the necessity Of
retaining the price OF the Northwest common shares
within a point OF so, SO long as the Gould
double and single barrel privileges remain cooked
and prmed upon tho market. Judging from
tho published list OF stockholders it would appear
that tho amount of shares set down to Mr. GOULD ana
his henchmen arc sufficient to control the election,
hence that the rumpeting for proxies on the pa
OF tho opposition needless waste Of breath. Ger
tainly It would require pretty loud summons 70
elicit response from the prominent officers OF the
road, who appear to have taken special pains to have
as lew shares stand In their names as possible
large business done in Lake Shore within half per
cent fluctuations. Since the issue Of The companys
statement decided bearish feeling has set against
the stock, and tho very parties who few months
back were loud III It's presses are now busy throwing
mud. From all accounts they would seem 10 DO IN
q measure justified IN SO doing, for neither the
present business OF the road It's prospects for
some months to como encouraging, while the an.
tcipation OF per cent dividend, once confidently
expected is noting away 'ko the baseess fabric Of
a VISION with the prospect OF leaving more sub.
stantial track behind" than such is comprised BY
the meagre proportions Of to per cent Early II
tho day the Wabash property. under limited transac-
lions, quietly slipped OF ono per cent It was 70
ported that Judge Donohuc had been applied to for
the appointment OF receiver and that the company
had been CALLED upon to show cause ON Monday next
why the should not be appointed. Later on the
report was denied, and tho loss In price
was recovered and retained to the end OF
business A little moro life was vsioie
iu the ohis Mississippi concern, which for some
weeks past has boon lying dormant under the belief
tina, the reconstruction scheme had fallen into sleep
which knows no waking We ioarn, however, that
meeting OF directors viii be held at Cincinnati next
week, whom the .'pan" VIII DO submitted and un-
doubedy adopted In response to the allip gwen to
tho granger stocks tho general market with the OF.
ception OF Lake Snore) was strong and inclined 10
advance though but little progress was made In that
too apparent 10 caJole many traders. much loss the
public, into buying.
OPENING PRICES.
The opening prices OF stocks At the Board to-day
were as follows Nv estern Union Telegraph, SIN;
Pacific Mail 20h; Now YORK Central, 1864; Erie
12k; aarlem, LAT; Lake Shore 6l7S; Union Pacific,
6s%: Illinois Central, 76,s; Northwestern, 30; do
preferred, Tx; New Jersey Central. lSh; ROCK
Island. 1O5; St Paul. 50K; do. preferred, TAX
Ohios. tx; Lacgawanna, So; Morris and Essox, ~;
Hannibal and ST. Joseph, TX; do. preferred Elk;
Michigan Central o.
CLOSING QUOTATIONS.