The New York herald., 1879-03-11
FINANCIAL And COMMERCIAL.
The Stock Market Less Ac-
tive and Irregular.
Government Bonds Firm, States Lowe.
and Railroads Strong.
Money on Call Easy at 8 a 8
a 4 Per Gent.
WALL STREET,


MONDAY, March l0--G r. NJ.
What between the absence Of several prominent
operators who tired of bagging geese in tho stock
market. have gone to try their hand at Carrituck
ducks. and the indispositon those lof. behind to
assert themselves in any defined and speculative
way business languished this morning and transac-
tions were fined down to the point of dulness In
fact. up to noon day the market remained in q
state of siesta and only woke npto;AQussi sort Of
activity during its final hours. Atisbngh much,
to brag of there was preceptib1e Increase in both
the amount of dealings and in the general improve
ment of prices within hour of gong sound. 1t
was AZ though quotations. groveng upon the ground
floor, had bean thrust into an elevator and lifted
story higher without any particular rhyme
reason. Such was the case, nevertheless, for the
market. which lodged in res-de-cdussfe at the
opening found itself promoted to the comparatively
better quarters OF entyesoi during the afternoon.
and hopeful bulls aspire to preanir of prices
before the week is out. TO the large majority OF
good brokers. who. being still in the hesh have had
opportunity OF going to Paris. and may be there
fore mystihed as to meaning, it is sufficient to
explain that tho market opened low. mounted mod
eratcly and gave token of further advance in the
immediate future 1t is generally conceded that tho
hosting power is to be looked for in tho North
west common stock. Rumor has it that
several Of the delinquent pool sellers have
made up their quota and restored the missing shares
to the combination Golfers Others, it is said. are
likely to follow suit and thus the ''cscrow (which
turned out to be ut ALL will be re-estab-
lished in its pristine integrity. The result will be
mako up" such as follows upon lovers quarrel
and the reconstruction of pool loaded with some
900 shares which only be foated by advancing
the price of the stock ITSELF and by sympathy the
rest of the active list The prospects of Western
Union stock dividend which three days back looked
clear bottle Of Burgundy terceau, were set
on end and muddled by the action OF the executive
committee this morning, who contented themselves
with recommending quarterly dividend Of * per
cont while passing over the "Inelon" question
entirely. They show, however. a handsome
surplus after paying the dividend Of nearly
100000, and intimate that tho business Of
tho company will warrant two per cent quarterly
payments in the future There was good deal Of
latont strength manifested in Michigan Central.
which to SSl4 and stayed there Jay Gould. who
is believed to be short OF large lot Of stock is said
to have purchased 5000 shares at 90. cash, from
friend of the property and to have sold it back to
him at 81. seller 60. Three per cent for sixty
days. lease Of life may be prudent outlay. but is
nevertheless expensive Delaware aud Lack
awanna advanced per cent under good
buying; so did the rest of the market to moro
moderate extent, but sufficient to close up day
which had began in sackcloth and ashos with very
fair degree of deccncy.
The opening. highest lowest and closing prices Of
stocks at the New York Stock Exchange to-day were