The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-01-22
The Stock Market Dull, but
Strong.
GOLD lOl IL A lOl 81 A l0l SIS.
Government Bonds Firm, States. Steady and
Railroads Strong.
MONEY ON CALL EASY AT S A6 PER CENT.
WALL STREET,
MONDAY, Jan. 21-6 T. n.

WALL STREET, !
MONDAY, Jan. 21-6 T. N.
ScENE-The Stock Exchange
TIME-Three o'clock 2. NJ
DRAMArIs PBasoNH-A broker and citizen.
CIrizgS-How do you quote tho market?
BRoKER Sixty and u half 10 hity-nine and three
quarters 10 sixty and quarter and back 10 sixty
aud seven-eightha
CirIzEN-But this Is tho price OF Lake Shore
asked you to quote the market
BRoKER-l have-Lske Shore is the market.
And so It was the broker, who had been twisting
md turning all day in frantic pursuit of fugitive
fractions. well knsw-just much as Louis XIV.
Franco. or that the Empire was peace, that any
thing else accounted 10 be true until 1t proved
TO be false.
SO as to-day goes at least tho broker WIS correct
tho interest Of the day being directed the Lake
Shore property with the result OF such variations in
price noticed above After the 1rst the
early moraing Improvement set in through orders
buy from Mr. Keene and Mr. Morgan, and the quota
ton responded to the demand There were practical
signs, too. that more than other prominent spccu-
ator was in accord with these gentlemen their view
OF bcter prices 10 come, and The demand
consequence became brisk, not only among tho big
bugs but among the auimalcul@ OF the we'll
The old and often repeated for better prices
trunk railway shares seem 10 DO us good and
uay eVeu DC CIhimco 10 20 OetteT, IN Wow Of
the unprecedented receipts Of cereals produce at
Chicago and Milwaukee and the dubious condition OF
AFFAIRS as regards peace or war In Europe. The
granger stocks wcre strong or weak Lake Shore
better WORSE they followed the track OF
the leading stock like PACK OF hounds the heels OF
huntsman. They are nevertheless governed by
the Same which should iavorably affect Lake
Shore and until such time as tho demand tor crop
transportation ceases there appears 10 be
that the earnings Of these roads should diminish.
Coal snarcs were lower, simply because there is
existing reason why they should be higher. Spocu-
laton Tor tho time Is played out, and there are
parties bold enough at present to renew the 'litto
game" Indeed, there Is no reason why they should
The process of incubation among the coal companies
Is going on, and few weeks will show whether they
have Lard golden egg added one. Al tho close
prices strong but scarcely up the best figures
OF the day, though the appearance was in favor OF
higher quotations to conc
OPENING PRICES
Tho opening prices Of stocks at the board to-day
wcre:-New York Central, 1O5X; Erie, OK; Lake
Shore, COZ Wabash, 15a4 Northwestern, SO; do pre-
fcrred, 627S Rock Island, 0911; Milwaukee and ST.
Paul, 3Sls; do. preferred, 69k Pittsburg, 14n Doa
ware. Lackawanna and Western, 50I; Delaware and
Hudson Canal, 60a4; Morris aud Essex, 70; Michigan
Central, 562; Illinois Central, "a Hannibal and ST.
Joseph preferred, 26; OHIO and Mississippi 7 Vest
Union, 76%; Atlantic aud Pacific Telegraph 201s;
Pacific Mail, 23k; Union Pacific, 67I; Chicago, Bur-
lngton ana Quincy, lo2x.