The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-25
Inc Stock Market Active and
Very Strong.
GOLD 100 70 A 1o1.
Government Bonds Strong States Dull
and Railroads Higher.
MONEY ON CALL EASY AT 2As PER CENT.
WALL STREET,

FRIDAY. May Zl-bP. NJ
The intense apathy OF yesterday has gwen way, as
though by magic. TO abuoyant and excited market.
II turned out TO be financial weather breeder. which
nobody suspected at the time noboay would
seen the result OF to-day. had not been Tor fresh
and vigorous demonstration in the Wisconsin stocks
which not only made higher prices for themselves
but vitalzcd the entire market There plenty
OF buyers for both St Pauis and Northwesterns, and
good ones at that. The phenomenal earnings for the
third wcok in May. reported Tor tho latter and the
gain OF So, S35 the period last itself
q week Of heavy businessL as given to-day for the
former, appear attracted class OF buyers in
whose eyes there is less OF speculation than OF bona
tide Investment Among these the German and Dutch
contngents conspicuous examples, especially as
regarded the Northwest preference shares Tho story
goes that prominent Broad street house controls the
Northwestern election by virtue OF holding some 5000
shares OF stock and proxies, and that as Tho votes
for these 90 into the ballot box will 20 tho cleo
ton. II is supposed that this balance OF power will
be used in favor OF the Gould party, and 1t is affirmed
that it Will certainly be employed in tho reelection OF
Mr. Ten Have, who represents tho Amsterdam IN ter
est. This latter circumstance may account for tho
prominence OF the foreign element which gave air
OF reality to dealings which they have been stranger
to for many day The only real case Of buncombe
that occurred, and which smacked strongly OF stock
iobbing, was tho reported bid OF "a cash when the
market 743) Tor single block OF TO- 900 shares OF
tho preferred stock Although the bulk OF tho days
business confined TO the granger properties tho
the parto0k OF tho nilarty to greater
or less degree. Even Lake Shore broke through the
trammels OF restricted fluctuations and moved up,
under great cry, to the little wool OF q per cont
advance. Under tho prevailing Duoyancy It would
have been shard linesn II IL had not gained some
thing, even though the motive power were nothing
more considerable than the purchasing demand OF
two-and sixpenny shorts Illinois Central gained
other per cent under the favorable response OF
the London Market and the Hannibal and ST. Joseph
shares OF both kinds did about halt as WELL There
was fractional i'm provement the coal carriers,
but NOT bong strictly in the line OF promotion (Which
was confined the railroads proper) they attracted
but minimum OF attention.
OPENING PRICES
The opening prices OF stocks at the Board to-day
were us follows Now York Central 1882; Eric
12x; Lake Shore, 62N; Wabash, 1879; Northwestern,
5lI; do. preferred, TN; ROCK Island, 100; Mil
waukee and st. Paul, SIS: do. preferred rs; Della
ware, Lackawanna and Western, 554; New Jersey
Central, 2l7s; Delaware and Hudson Canal, So; Nor
ris and Essex 81; Michigan Central, 657s; Illinois
Central, So; Chicago, burlington ana QUINCY, 103H
ONO aud Mississippi, So; Western Union, S2I;
Atlantic and Pacific telegraph, 2251; Pacific Mail,
1s%.