The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-06
FINANCIAL And COMMERCIAL
The Stock Market Active
and Strong.
OLD 1O1 A 100 rs.
Government Bonds Strong, States Steady and
Railroads Irregular.
OLD 1o1 A 100 rs.
MONEY on CALL ACTIVE At 7 PER CENT.
WALL STREET.

FRIDAY. april SO P. NJ
There is nothing new DO related oil tho stock
Eet but rather repetition OF tho old story, which
has for thcmo active business and further ad.
vance in priecs During Tho better part OF the day
Steady Improvement marked tho OF the
grangers Western Union and Lake Shore, the latter
still being the cynosurc OF most eyes that had any
speculation IN them II followed. therefore, that tho
enou,uge about the spot where dealings are adc was
the most numerous III tho ROOM transactions tho
greatest and tho crowd the NEST noisy. II did not
follow, however that the price made tho greatest ad-
vance; tho contrary, scarcely full point OF prons
was secured through tho day. Appearances wore
that tho stock being used al a sort OF imam
cial cocktail 10 sharpen things generally rather than
any benefit expected 10 arise from the specu.
ation ITSELF tho theory is borne out by reference
to the course Of the Northwestern shares which were
freely sold whenever tho .'riGging" Of Lake Shore
made market strong enough 10 take them Rumor
mas II that Chicago party who have been soJourn.
ing this city Tor week days past partly ION
pleasure bent' and partly with an eye 10 business,
have nnishei up thor nigh nks, social and financial
and gone home II - arther believed that. In order
to pay the piper for expenses OF tho trip, musical
and otherwise out OF other pockets than their own,
the late furry in Northwest was devised, satisiac.
tory executed and the piper paid for his services out
OF the profits OF the transaction The 81 Paul shares
were even stronger than tho Northwostcrns and dca
inrs tr,no greater The continuance OF satisfactory
traac which Is exciting OF q not dis.
iant dividend upon tho common stock, Is bringing
fresh buyers into the cld from the ranks OF probes.
siona operators. who hope to sell out 10 other procs
sional operators turn, when the convenient sea.
son shall have arrived A large business was trans.
ac,cd IN Western Union ana Wabash at advanced ng'
rrcs ana upon tho basis of increased earnings, -
heretofore There beng nothing OF this sort TO ap.
Ngnt1 sVA tnNk nm nod
stc 10y and neglected, with merely nominal changes
OF figures Although thoro is nothing to laugh about
IN the affairs OF the company, nico sense OF humor
was evlnced in appeal tor proxies sent over the
stape and addressed such stockholders az were In
favor OF confirming in Office rhe present faithful ana
competent administration. At about an hour
before closing change Of iccling suddenly
developed ITSELF and the market look
somcrsault which resulted In sharp do
cine and finish OF business at tho lowest prices OF
the day. The drop fully one per cent and In MOST
cases IL wiped ous the Improvement OF tho morning
were consols had advanced and that the
foreign news was pacific; but they came IN such
.oues,,onabi, shape be OF little real weight in
CON, par,son with tho truc cause, which lay In the
nesyy rcal,zations OF tw, thrcc largo operators
Tne tone Of tho market at tho end was icversn ana
unsettled.
OPENING PRICES.
The opening prices OF stocks at tho Board to-dny
wore as iollows-New York Central, 1913 Erie, l01;
Lake Shore 662l: Wabash. 20; Northwestern. 4Sh;
do preferred. 7a%; Rock Island, lo3H; Milwaukee
and s. Paul AK; do preferred, 73Is; Ptsbure, rs;
Delaware Lacxawapna and Western, 55; Now jersey
central. l7h; Delaware aud Hudson Canal, 5ln
Morris and Essex 771s; Michigan Central, o. iino"
Central s5N; Union Pacific. 6S1s; Chicago, Burning.
ton and Quincy, 1929; Hannibal aud ST. Joseph, hh;
ONO ana MISSISSIPPI, 97s; Western Union, SIX;
Atlantic and Pacific Telegraph 2oh; Pacific Mail, q.
CLOSING QUOTATIONS