The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-12
FINANCIAL AND COMMERCIAL,
The Stock Market Active
and Weaker.
GOLD 1O1 7-8 A 1O2.
Government Bonds Stronger, States Steady
and Railroads Irregular.
W0NEY m GALL EASY At PER CEvT
GOLD 1O1 7-S A 1O2
MONEY ON CALL EASY AT 4A5 PER CENT.
WALL STREET,


As relief TO the somnolency OF tho past week the
stock market this morning showed some inclination
70 yawn, stretch itself and wake up to nususl
sivity. II did So however, at tho expense oil lower
scale OF prices which for tho time being pcrvaded the
whole list though most stocks went to sleep again
before the day The decline was chiefly OBJ
servabie in Western Union Central ana Hudson and
the coal fances the hrst because u sympathized with
the second the second because 1t obtained SYM
pathy at all (which sounds like rsbusb and the third
because they in bad repnte generally and are
likely to be in worse, II the scrutiny OF the inves-
gazing committees appointed by the Now FORK and
Pennsylvania Legislature bring to light the true
wardness Of the recent combination. Perhaps the
salient feature OF to-days market the drive at
Central and hudson which, to larger dealings than
usual, fell on u per cont at one tme but reyaned
fraction close Smith said to be the SELLER
but II might have been Brown, Jones or Robinson
{thcss parony being convertible terms for aught
the street knew about the matter, or for aught they
cared, provided a commission or profit could DO
wrung out Of the movement. On the other hand
there to believe that friends Of the Central
and Hudson road and Intimately connected Herewith
ready buyers at the decline and that the rally
was to their Interference. Whether these latter
gentlemen have purchased an oil painting or only a
chrome the future course OF the stock will decide.
The Western railroads remained steady and without
material CHANGE though receipts Of cereals AZ Chicago
and Milwaukee are reported as up TO the maximum OF
rhe afford excellent criterion Of the traffic
which is passing over the granger lines. Although
transactions were noticeabiy extended to-day they
were made at tho expense OF higher prices; the i'm
possibility OF reaching higher range OF figures ap
pears to DO accepted as foregone conclusion by the
controllers of speculation, and the only hope Of u-
active market 10 be in lot of prices
rs preliminary STEP An easing OF Of values now
and q succeeding ptyallsm for a fresh grip may
store the much longed for activity. Meanwhile, In
emo absence OF ell outside demand, with
like Duncan IN Aacbesh's castle, subject to tho
s'kpel which may call II to the heaven Of decided
advance tho hell OF disastrous fall Whether this
Sxnell" will be sounded by the disposition of the
Siver BILL foreign politics, or tho state Of domestic
Interests, be readily guessed by the reader
rs by the writer.
OPENING PRICES
The opening prices OF stocks at the Board to-day
'were,-New York Central. l04z; Erie "a; Lake
Shore, elk, Wabash, 1874; Northwestern, 83k;
do. preferred, 60; Rock Island, 9sx; Mil
waukee and St. Paul. 36X; do. preferred,
BsX; Pittsburg, 7OH; Delaware, Lsckawanna
and Western, 40; New Jersey Central, II; Delaware
and Hudson Canal AK; Morris and Essex, 70; Mich
igan Central, COX; Illinois Central, 75A; Union Pa
cinc 67k; G., c. and l. g., az; HANNIBAL and st. Jo-
seph, IL; do. preferred Is; Ohio and Mississippi 81;
Western Union. TEX; Atlantic and Pacific Telegraph.
Ro, Pacific Mail, 22K.