The New York herald., 1870-09-21
FINANCIAL and COMMERCIAL.

WALL STREET,
TUESDAY, Sept 20-6 y. M.
The feature OF to-day IN Wall street and the gene
raj topic OF comment was the
SUDDEN CHANGE OF TACTICS
on the part OF those who generally recognized
as the nstigators of the bear attack which carried
prices down suddenly on Monday last At the same
time the street was afforded food for further refec-
uon In an equally curious transpOsiton the part
OF the quondam "bulls," who were reputed to be
selling as the market rose, when the "bears'' were
buying. Divested OF such mystery as the situation
appears to be involved In the most probable hyp0-
thesis Ia that the clques have planned among them
selves to prepare the market for the consummation
Of such a policy as they have agreed upon. All
this backing and filling means nothing more
nor less than an effort TO actively interest
the great masses OF smaller operators In the hope
that, like the players against faro bank, they viii
be sure to take the losing side for the same mys-
terous reason which makes the majority OF players
lose 10 the single dealer The attack OF the previous
day had left the market weak. and hence rather
sensitive to further bearish movement early this
morning. But the "bears, began to cover, and the
whole situation suddenly changed, the market ad.
vancng steadily until at the close 1t was buoyant at
the best prices OF the day, the figures this evening
showing that the "bus" have recovered nearly all OF
the ground lost In the contest Of Monday AS n con-
nrmng the theory that the cliques are cuitivating
the formation Of short interest," they were
alleged TO be selling heavily as the market rose,
but without retarding the advance. Still
another view Of the situation Is that the
''bears' were really sincere in their first
movement anticipating that the failure Of the con-
venton to advance the rates Of freight the trunk
lines OF railway would occasion q general unload.
ing Of stocks; but perceving that the market failed
to respond with any serious decline to their extern
sive sales, and fearing that the continued ease In
money and the improved earnings Of the present
season would place them at the mercy OF the
'bulls," they suddenly extricated themselves
from what would If persisted In, be an ex.
tremely dangerous predicament. Such, in brief,
are the respective opinions entertained con-
corning the curious situation of the market,
The following were the closing prices at the last
session OF the Stock Exchange: :-Canton Company,
62H bid; consolidation Coal, 80; Cumberland Iron,
40; Western Union, BAY S4X; Quicksilver, s q 51f
Marfposa, o 5s4; do. preferred, 10 o lOh; Boston
Water Power. 141s bid; Adams Express. o51. o5zS
Wells Fargo Express, 39I q A; do, scrip, TX g.;
American Express, ~ Q 421s; United States Ex-
press, 80; Pacific MAIL 42H q 421; Atlantic
Mail, 80; New York Central consolidated, s21
92H; do. scrip, SIX SIX; Erie, 22X o
23k; Harlem, 1321s 1874; Reading. 96H COZ;
Michigan Central, ll9 bid; Lake Shore, 92H a 92%;
Illinois Central 1853 1877; Cleveland and Pitts
burg, 1854 1908; Chicago and Northwestern 81
Sa do. preferred, STA n SIX; Cleveland, Ceum-
bus, Cincinnati and Indianapolis 79H a so; New
Jersey Central, 1861 1O6; Rock Island, 1l51
1l67s; Milwaukee and 81. Paul, 63Sl q 63%; do pre-
ierred, 81 SIX; Toledo, Wabash and Western,
S2A s21s; do. preferred, II bid; Fort Wayne,
s4A 95; Chicago and Alton, 112A 1l2al; do pre-
ferred 1l3; Ohio and Mississippi 94,I a S4A; st.
Louis and Iron Mountain 4sk bid; Delaware, Lacka-
wanna and Western 1O4K lo4z; Norris and Es-
sex, 89A q SS3I; Hannibal and 1t. Joseph, l12k a
lis; do. preferred. ia 115; Columbus Chicago and
Indiana Central, TN TX.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest