The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-25
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Irregular.
GOLD STEADY AT 100 5-S.
Government Bonds Steady, States Firm
and Railroads Irregular.
MONEY ON CALL 2 A 5 PER CENT.
GOLD STEADY AT 100 SIS.
MONEY ON CALL 2 A 5 PER CENT.
WALL STREET, |
MONDAY, June 24-6 p. II

MONDAY, June 24-6 r.
There has been field day in Lake Shore this morn
ing which brought participants from every specu-
latve quarter and lett but corporal's guard to he
rest OF the list Although prices were confined be-
tween 594 as the highest and 5IA as the lowest,
transactions were enormous, and the excitement ut
times commentaries with The dealings In TACT, with
the OF the avorte began and hnished the his
Tory Of the day. In the early hours pool Of tho
veil known .'bobtailn description, formed IN Ex-
hanae court and put in execution insanter. carried
igures TO the top notch OF tho session. but II soon
proved TO be an excrescence upon the Market and
~ no means an index OF the real condi-
hon OF things, as was shortly alter appar-
snt. when prices turned and worked steadily
down to the lowest points Of the day. There were no
decided views expressed as to the cause OF the de-
slIne but the popular impression tended to belief
shat following the example OF Union Pacific, the
coming dividend would be passed, and that Mr.. Van
ierbllt. taking time by the forelock, was neavy
seller Il the idiosy norasy of the street, however,
10 use Mr.. vandcrbiit's name scapegoat when
ever his properties charged with sins OF
omission commission. go the impression re-
TERED must DO taken with reservation. Neverthe
sss It evident enough that large blocks OF Icing
nock being sold, we'll large blocks of short
tock, and that the shorts, who were nearly the
nly buyers, were insufficient hold the
rice with any degree OF stoadiness Next
Lake Shore Western Union came into prom
nence, and extonslve purchases set down
% Mr.. Gould, who, after Mr.. Vanderbilt. Is mado to
shoulder the responsibility OF mysterious transac
nons In the coal stocks there was no variation OF
moment, though values stlffened by the report
that the meeting OF the Board OF Control was OF
harmonious nature and that nothing was likely TO
occur 70 disturb tho combination. Tho Michigan
Central has resulted Ia the supremacy OF the
Vanderbilt party by vote OF TWO to one. thereby
lending considerable value to the great expectations
which been formed upon the results Of that
tleman's management. Lake shore 30 thoroughly
epgrosssd public attention that tho rest OF the
market was lett TO the small changes which
simply controlled by the rise or fall Of the iavore.
OPENING PRICES.
The opening prices OF Stocks At the Board to-day
we're as follows New York Central. 100; Erie, 1881 I;
Lake Shore. 5sslI Wabash, 49, Northwestern, 49,;
Northwestern preferred, III Rock Island, 117sS; Mil.
waukee aud 81 Paul, 49a Milwaukee and st. Paul
preferred, 7SAj Delaware, Lackawanna and Western,
VIZ; New Jersey Central, 3OX; Delaware and Hud-
ZOE Canal, So; Morris and Essex SIN; Michigan Cen.
,ral 81; Union Pacific, 641S; Chicago, Burlington and
Quincy 1861; Ohio and Mississippi, TX; Western
Union, 81; Pacific Mall, 1874