The New York herald., 1878-05-30
The Stock Market Active
and Steady.
GOLD lol l-s A lol A lol l-s,
Government Bonds Firm, States Steady
and Railroads Strong.
MONEY ON CALL EASY AT2l2AsPER CENT
WALL STREET,
M a Ia

WEDNESDAY, May 29-6P. N.
There was fresh sprouting OF horns among nascent
pulls to-day, an additional growth to the head
gear OF the veterans OF the herd all because prices
took further upward start and the market assumed
the we'll known characterAtios OF pull speculation
A. the head and front OF the movement tho grangers
continue paramount. Higher figures promised and
expected matter OF course. and tho disposition for
Ill hands sail in boat Ia only apparent but
acted upon. II 10 be hoped that the gods have
udRe against these sansuine operators, to be dcvel
opsd In tho future, through the agencies OF madness
and destruction. There Is evidently NO fear OF
such calamity at present, for tho buying
u steady and persistent. Nor is it BY any
means entirely speculative, since tho voice
OF the investor IL heard In the dealings.
and what is better. his money finding its way into
the street The preference shares Of the Wisconsin
roads especially sought after, and there were
signs to-day that an important amount had been
taken Tor foreign account. The arguments favor
81 higher prices which repeatedly
given great earnings no1, prospects OF greater
ones. and by OF these the OF regular
dividends 1t Is claimed that a stock like ST. Pau pre-
ierred. which years has divided AZ per cent,
cheap at So and from all appearances tho public Is
beginning 10 think The demand to-day strongly
In the direction OF the dividend paying stock, par
ticularIy Central and Hudson and Rock Island, tho
toImer gdinlnB Ia per cent ana tue latterZ per
cen. the days work. The Vanderbilt property
woke up to life and large business
through the support OF of It's ancient friends
who predict extraordinary showings OF earning, and
Rock Island was pushed rapidly and 1t seemed rather
Artlcially up, by the reiterance OF the old story
touching tho declaration OF i've per cent dividend in
cash ana 20 per cent In stock While everything was
hilarious instne board room Is understood that the
Pacific fail stockholders at each other hammer
and tongs incr fight over the election for d.
rectors. BY small majority the Hart, or reform,
opposition parry, won the day; quotations.
Change, however, failed to show that much faith
placed the socaed reformers Tor the price OF the
stock fell on ully per cent when the result of
election guessed at AS dividend pay
srs are in sympathy with the other stocks
Of that iIk Western Union was firm and advanced
siightiy did Erie, not from apprehension OF dvi
oondy but because In the present temper OF tho
kei, II moved at all, there was but ono way Tor 1t
90, and did pretty much everything on the list
for good sufficient reason At the close
prices little lower than the best ones,
enough 10 disturb the temper OF an undeniaby strong
MARKET
The opening prices OF stocks at tho Board to-day
were as folows:-New York Central, 109a; Erie, IA;
Lake Shore. 62z5 Wabash, l43s; Northwestern, 53S;
Northwestern preferred, 76s4; Rock Island. llo5s;
Milw .ukec and ST. Paul, 53sl; Milwaukee and st
Paul preferred so; Delaware, LackawanEa and West
ern, 66h; New Jersey Central. "a; Delaware aod
HUDSON Canal, 5oh; Morris and Essex, S4; Michigan
Central cay; Illinois Central, "a; Chicago Burling-
ton and Quincy 104; Ohio and Mississippi o; Western
Union. S3h; Pacific Mail, l0H.
ctosIyG ouor ArIoxa