The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-21
An Active and Irregular
Market for Stocks.
MONEY EASY AT A 2 PER CENT.
Government Bonds Quiet but Firm-States
and Railways Fairly Active and Strong.
G. O Id AT 100 SIS.
WALL STREET.


TUESDAY. August 20-6 =. N.
Taken az whole, the stock market was strong to-
day, though It assumed somewhat tho nature Of lot
terry in which buyers Of shares drew Tow prizes,
but failed to either lose win on che majority Of
their ventures In fact the only real blanks Of the
Aay came out IN the shape OF the Northwesterns,
which finished u psr cent worse of In point Of values
imam they had started at and were the only positively
weak spots In the whole list. On the contrary the
positively strong stocks were Union. Central
and HUDSON, and Michigan Central. tho closing prices
showing gain upon opening ones Of II, y and ~
per cent for each stock IN the order named.
The rest OF the list was mere "lsasher or
prunolla" the earliest and latest prices differing
little that traders in them were forced
to the disagreeabe conclusion that they had
been spending their efforts on blank day. The I'M
denabis crack" OF the market Was developed In the
shape sf Michigan Central AS everybody knowa this
ss,ook In Its movements, does nothing By halvea II
lie either sensasionaily strong or ssnsatonaly weak,
lana It's progress up down is usually sudden and
active enough make = SPECTATORS hair curl should
uhs have bet his money the wrong way. This morn
tng noted the turn was vigorously upward, though
Ehe movement was unattended by any uRdue excite
tment or extraordinary dealings The steady strength
Illus quietly exhibited may be taken better index
of permanent advance than were 1t 10 be found in
squirt which owed lis existence 70 she froth
and 1ummery OF some STOCK Joooing maDip-
uiasion. The idea that better figures
TO be made and retained was the prevalent
to-day, and while tho Improvement
Itself delighted many . long waiting bull, was as
soundly Kearneyizsd by many q disguised bear.
The freely distributed point that the price will to
so is really the weak spot in the whole business.
When the street urged asse 70 boy there 10 pretty
nearly always somebody ready 70 SELL and the only
peason suppose that the present case ID an ex-
Bepona rests IN tne fact that tho road Is doing
! good business, is likely 70 do better emo and
promises fairly TO become q six pcr cent dividend
paying security. Lake Shore to 81, but fell back
70 a6L, which both the opening ana closing
price, Ceatral and Hudson gained per
upon the days work and closed at ll0X after bluff
bid OF Ill tor 1000 shares had been made and
found NO takers. Tho meeting OF railroad
freight agents At Saratoga was cenvaned this
morning and adjourned to this evening without
sneeting anything. Tho bulls believe, affect 10
believe that The tariff for grain over tho trunk roads
Will TO 80 cents per 100 pounds and kept
there That it will be ordered Is probable that II
Will be 30 kept-judgng IRON the history OF past
compacts OF this nature-is as unlikely Is TO expect
.spo catch larks Ii the heavens should fall. !"
Nevertheless belief tn higher freight charges TO be
made and sustained materially strengthened the
market to-day. The grangers were comparatively
dull and barely steady, Western Union strong ana
sliphtly Improved, and tho Of the Hiss without
feature under which negative quait. los The market
elosed.
The opening, highest and lowest prices Of all the
vtecks dealt in and tor which bids made were as
1oilows:-