The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-03-15
The Stock Market Active
and Steady.
Government Bonds Weaker, States Steady and
Railroads Strong.
Money on Call Easy at 4 q 4 1-2
4 Per Cent.
WALL STREET,
THURSDAY, March 14-6 p. N.

THURSDAY, March 14-6 p. NJ.
As happens with the good children in the Sunday
school books, tho bull movement has expired the
bloom OF its youth II Was ang yesterday, ana IS
load to-day The brief oil its existence was COM
passed within six short days. and this morning
Il colined, "cribbcd, confined" No nowersl Whether
lrevlvHcaton Is likely, even possible, is moot
question. Stocks have beon freely sold by all the
parties who have had hand IN the rise, aud the
Aalmost persuaded'' outsiders are thanking their
lucky that they did not yield to temptation and
EMBARK the crest of the wave Although Il is evil
lent enough, have all along declared, that the
advance In prices was thoroughly meretricous, and
that the fall would come from q natural desire
10 realize profits, 1t by no means follows
that we have the end OF an upward
movement The reasons which applied the
match TO the Northwestern stocks, and eventually
Cred the whole list, to-day as incendary as ever
and are quite capable of setting the market in blaze
again They lew, but potent, and arc concentrated
IN tho tact that Mr.. Gould, ambitious of controlling
the aforesaid property, finds himself checked by q
formidable opposition. However desirable the North
western road may be to him as an outctto the Union
Pacific linc Its acquisition is not to be obtained with
put struggle the contest Will BIO decided through
the ballot box June. when tho Northwestern cleo
tion Tor directors will be held and when II will be
oe1nitely decided whether Gould or the opposition
marshal the greatest number Of proxies. Meanwhile
with Richmonds in the field STRIVING tor suprem-
acy OF votes and only able to obtain them by pur-
chases OF stock, is unreasonable to anticipate
higher market price for shares We tender
Inc point free gilt TO be used
N abused at the risk OF tho taksr.
Western Union lost to-day just ono per cent OF It's
gain The quarterly statement upon dissection, does
bear the widely entertained belief in its robust
health The perennial "ngger in the fence" which
attaches to the company Is rrepressible and cannot
be assuagcd. This time he appears in the shape OF
conslruction ACCOUNT adroity left out of estimated
expenses for the current quarter Supplying the de-
Bcency on the basis of last quarters figures and de-
Quoting the cash surplus from the previous three
months, we find by their own figures that the CON-
pany has failed 10 earn tho recommended dividend OF
IL per cent by nearly $4,000. Pacific Mail dropped
from 81 1871, with large sales, under reports that
It's paper had gone to protest Later in the day tho
report was authoritatively denied, hut the stock
failed 10 recover beyond mere fraction. During tho
last hour the desire to sell approached almost to a
stampede the market closed at the lowest prices
OF the day.
OPENING PRICES.
The opening prices of stocks at the Board to-day were
as follows:-Ncw York Central, 107 Erie 10A Lake
Ehore, 6335; Wabash, 10; Northwestern, 40A do pre-.
ferred, 60; Rock Island, 10lH; Milwaukee and St
Paul, 39h; do preferred, 7l1s; Pittsburg, 70; Della
ware, Lackawanna and Western, AK; New Jersey
Central Is; Delaware and Hudson Canal, AN; Morris
and Essex, 7oH Michigan Central. 62zs; Illinois Gen.
trail, 75%; Chicago. Burlington and Quincy. 10l%;
Hannibal aud ST. Joseph, 10A; Ohio and Mississippi,
81; Western Union, 791s; Pacific Mail, Il
CLOSING QUOTATIONS.