The New York herald., 1870-04-26
FINANCIAL and COMMERCIAL.
WALL SrRErr !
MONDAY, April 25---6 p. M. ]


WALL SrREF !
MONDAY. April 25-6 p. NJ
STOCKS EXCITED, ACTIVE AND STRONG.
The speculative activity or Wall street was sthi
more decided to-day, and the transactions at the
boards as VIII be seen by the published lists OF sales
below, have been up TO tho briskes standard OF bus
ness. The dealings In the Long Room were on IN
enormous scale aud equal In amount TO those OF the
palmy days of the spring and summer OF last year
before the great September panic cut short the dream
OF sudden wealth to be acquired through tho vehicle
Of gold and stock speculation. The feature OF
todays operations was . general buying move
ment ON the part Of the ciiques themselves
Usually it Is the clique practice to run prices
up and down In the process OF doubling the profits OF
an undertaking. But to-day the cliques, who are
working In perfect harmony decided to advance ther
lines In place Of realizing Hence when at the top OF
todays quotations the smaller holders Of stock sold
out TO take profits, and the 'bears'' sprang In and
sold great deal OF s'short' stock the "busr bought
all that was offered and prices recovered to their
original figures for almost all the shares which
have been the subject OF their remarkably
successful manipulation. II Ia the deliberate
policy OF the 'bulisn to put the market
to the uttermost extent of advanced prices, and In
pursuance OF this intention they are calling up the
differences" from the shorts'' AZ fast as prices 70
stock while the enhanced quotations for the stocks
hypothecated with the banks and bankers enable
them to increase the amounts Of loans Their power
to work In this manner would, OF course, be ex-
uemely limited were the money market other
than abundantly supplied with funds available
on call. The banks are threatened with
an unusual accumulation Of national bank notes. and
are only too willing to employ their resources in loans
upon stock collaterals. 1t Is true they may not do
this openly, but they do so indirectly by the methods
which are 80 we'll known in Wall street The move
ments OF to-day have thus drawn In entirely new
line OF Shorts" upon whose 0verselling the cliques
base their intention OF making corners" in every
stock possible. The scheme contemplates slow and
steady advance from to-day, the "bears' being
called on to send In their checks for the
differences each time the market rises two
or three per cent 1t will be remembered
that the "bulls'' In gold practised this strategy
last fall In putting gold to 1885, It would be difficult
to specify which was the feature In the activity OF to-
day. for the movement was 40 general In the leading
railways that when attention had been excited by
sharp advance 1t was soon diverted to an equally
surprising advance In another stock. The railways
were more active than the miscellaneous express
shares, but the latter participated In the general
buOyancy to greater or less extent. The list below
of highest and lowest prices will show tho width
OF uuCtuAtOnS Ine lowest QUOTATIONS. being
made at about the beginning OF business and the
highest at the last session OF the Board,
excepting for Ohio and Mississippi, which individually
became most active In late street dealings touched
33X. Erie alone In this general advance was weak,
In synpany with decline in London and yielded to
a. although 1t closed up flrmer. New Jersey Central
was heavy and Irregular but seems to show the usual
signs Of manipulation for sharp rise. In the mis-
celaneous shares Pacific Mail sold at 80. The fol.
session Of the Board:-Cant0n, TEX "a; western
Union. s2A s2h; Quicksilver. 81 ~; Mariposa,
8; do, preferred 13 141; d0 certificates AZ bid;
Pacific Mall, 3SK q 80; Adams Express. elk q 61x;
WellsFargo Express. 2oh 2oX; American Express,
38H . 3sx; United states Express, AN Q %4x;
New York Central. consolidated, o61s o 90; do,
scrip 93 93,s; Harlem, 145x 1855 Erie 24a 244;
Reading, 100K 10OX; Michigan Central. 124
125x; Lake Shore o3< 93K; Illinois Central, 1877 o
140; Cleveland ana Pttsburg, 104k 105H; Chicago
and Northwestern, n Tx; DO. preferred, 87s. .
SIX; Cleveland, Columbus and Cincinnati 70 bid;
KocK Island. 1l9 1lsx; Miiwaukes and st. Paul.
62z e2h; DO. preferred, '78k 7eX; Toledo and
Wabash, SIX SO; Fort Wayne 92X 93; Alton
and Ter1e Haute, 80; do. preferred, 6SK 60; Ohio
and Mississippi. s3K s3x; Delaware and Lacka-
wanna, los q 100; New Jersey Central, l06H losK;
Chicago and Alton, 11lK IFS; do preferred, 114As
1l5; Norris and Essex, % bid; Hannibal and st.
Joseph, Ill 111k; do. preferred 100 lOsX; Iron
Mountain 44h bid; Dubuque and Sioux City, 1os
l0Sk; Columbus Chicago and Indiana Central, 17k
q 17H.
HIGHEST AND LOWEST PRICES. E