The New York herald., 1878-01-17
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Strong.
GOLD .1O1 rs A 1O2.
Government Bonds Higher, States Dull and
Railroads Irregular.
MONEY ON CALL EASY A7PER CENT.
WALL STREET,
WEDNESDAY, Jan. 1916 r. NJ.

"
II Is safe betting TO back the stock market for
rapid and decided change Of color against any
average chameleon. proverOial horse or incoostant
kaleidoscope whatever. Proof OF this had
this morning IN the complete transformation Of
The neutral tints which shaded yesterdays decn-
ing market into the bright coiors OF to-day's
advancing one II was though the clouds had
passed away In the night to admit OF sunourst
his morning This, OF course, is from the bull stand
point the boars being naturally color blind to change
which worked TO their disadvantage aud totally un-
hppracative OF the picture which their adversares
thought charming. The whole aspect of matters
was completely changed at the opening OF tho Board
to-day the ieverish depression so apparent at the
close OF business yesterday giving way to cheer
ful feeling which advanced prices from the outset
md held them firmly for the OF tho session. Par
amount among the active avortes was, as usual, Lake
shore-appearng as strong to-day AS II was yesterday
weak, ana keeping up the eccentricity Of its move
ments 10 the mystidcation OF the street. Nobody
seems clearly know TO whom TO lmpute the raid OF
q day OF two back pretty nearly every ono OF the
large spectators have boon credited with IL and
surmises have reached even into turf circles 1t
plain enough, however that the stock has been largely
pvcrsold and advantage was OF this fact to
Twist the bears by advancing the price clear per
cent upon yesterdays lowest figures and to keep
nearly there at close. The example OF Lake Sh
was closely followed by the granger shares, which
rose in proporonae degree, and by the rest OF the
market, similarly affected In moro moderate way.
Tho coal shares were exception, however, bobbing
ABOUT like pea in skillet and frac-
tious yearling Ally. Now that the COM
bnation settled matter. and the contract between
the parties signed, scaled and delivered by the action
Of today's meeting, doubts are beginning TO arise
to whether it Will, SO far share values CO. amount
10 much aftor ALL The consulting coal doctors have
indeed written their prescription, but 1t romans TO
be whether their patient, tho pubic, will swal-
low tho dose; the trial will be made, however, and
the Delaware and Hudson have taken tho lead already
by advancing the prico OF coal 10 the extent of IS
cents per ton. From Washington wc learn that the
Treasury has gwen the stipulated ten days. notice OF
dissolution OF It's contract with the Syndicate
spcct the marketing of the remaining four per
Tue Secrelarys policy is TO employ the medium
oil a popular subscription and the aid of banks, post
Offices anu private bankers Instead. 1t would seem
that those parties likely to have a commissioners
Bland bill decides whether the bonds are to be paid In
silver or IN GOLD.
OPENING PRICES.
The opening prices of stocks at tho board to-day
wore:-New York Central, 1O6sl; Harlem. l4l Erie,
SX LAKE Shore. co.; Wabash, 15i4; Northwestern,
85h; do. preferred, 80; Rock Island, 9sH !;
Milwaukee and ST. Paul, 3'X; do preferred, 80 /;
Delaware, Lackawanna and Western, 81; New
Jersey Central, Tx; Delaware and HUDSON
Canal, 5o1s Morris and Essex, 75X; Michigan Cen.
trai, 60; Illinois Central. 1874; Union Pacific 67sS
Chicago and Alton PREFERRED 100; e., G. and l. c. 81;
Hannibal and st. Joseph preferred, 244 Ohio and
Mississippi, ~; Western Union, 757s Pacific Mail
a2Z.