The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-06
he Stock Market Active
and Strong.
GOLD STEADY AT 100 rs.
Government Bonds Firm. States Dull
and Railroads Strong.
HONEY ON CALL EASY AT sA A PER CENT.
WALL STREE T,

"WEDNESDAY, une Or d.
Thanks 70 the telegraph, tim and space are we'll nigh
annihilatsd between Chicago and Now York. and con-
sequenty our brokers getting along pretty COM
forlabiy IN the absence OF the excursonists who
have gone West In fact. they absent in body
only, the workings OF their speculative minds as
wired from their resting place. being visible in The
market every hour In the day. This morning there
was no lack OF missives from the Lake City, the
greater number or them containing orders TO buy
Northwestern shares, and It was, perhaps from this
fact that The story OF grand powwow held last
night AZ Chicago, when the council fire was lighted,
the pipe OF peace smoked and mutual ana satisac-
tory agreement come 10 us to the election Tomorrow.
Whether true false little effect produced upon
the price OF shares, the closing figures being bu.
shade better than The oponing ones, and
with the Improvement Of the middle OF the
day quite wiped out The Two most active stocks
were Eric and Lake Shore. The old favorits has
come 10 the front witA pristine freshness tn at must
delight the soul of "Uncs Daniel" The speculation
10 widely spread Points az 10 higher prices
plenty blackberries, and there Is general dis
position, apparently influenced by cliques to have
. "shy" at the promised profits. To-day advance
was made, the German contingent being tree sellers
apparently OF snort stocks, and from the eaaerness
manifested to borrow shares for fifteen thirty
days they imbusd with the expectation Of ulli-
market II - stated that $50, 600 shares have
rs yet Jailed to render allegiance 10 the company,
but this will probably be done previous to October,
when time expires. Up that date il Is under
stnod that the old shares will hc accepted as a
go0d delivery. There was an unusual stir in
Lake Shore although the ebulition failed to benefit
the stock except In fractional way. Dealings wero,
however. oil unusual magnitude, ono firm alone being
estimated have sold from 900 TO 10000 shares.
Al Mr.. Vanderbilt Is literally half seas over, aud
therefore debarred from operating If he would, the
street complaceny set down the transaction to Mr..
Keene, VINO may know what he is about, having de-
rived true inspiration from
Babylon,
Learned aud WISE
There sudden bounce in Burlington and
Quincy from l04X to 1851 Ohoush part OF the i'm
provement subsequently losl), which was proba-
bly, due the large ngs for April, the same
amounting to $3.50 000. Those for May are reported
IS still greater, though official figures are not given.
A meeting OF railroad managers was held to-day 10
consider the irrepressibe subject of eas,-bound
freight The existing contract, which nobody ap-
pears paid the least attention TO- expires June
H. ana The timeworn farce OF concocting new
will be played over again. The impression is that y
stu higher schedule OF will be made-on paper.
During tho last hour there was fractional decline,
which, by the light OF the last few days. seems 10 be
the orthodox way OF winding up the days work.
OPENING PRICES
Tho opening prices Of stocks At tho Board to-day
were as iollows:-New York Central, HOY; Erie,
Tx; Luxe Snorc, 63H; WABASH. 15a<; Northwestern,
k3; Northwestern preferred 765s; Rock Island, us;
Milwaukee md ST. Paul, 531a; Milwaukee and 81.
Paul preferred, sos; Delaware. Lackawanua and
Western. 56,S; New Jersey Central az; Delaware
and Hudson Canal, 56H; Morris ana Essex. So Mich
igsn Central, 49,; Chicago Burlington and Quincy,
lO4x; OHIO snd Mississippi, OK; Western Union,
s4k; Pacific Mail. 1SX
CLOSING QUOTATIONS..