The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-10-11
FINANCIAL and COMMERCIAL,
WALL STREET,
MONDAY. Oct 100 T., M.

ACTIVITY AND BUOYANCY.
The feature OF to-day in Wall street was the strong
and buoyant market at the stock Exchange the
AeaIings being on very large scale and promising
inst revival OF activity which has been SO long
expected after so many disappolntments. The more
settled conviction that the money market with not
be visited with the strngency usual ut this
II the foundation OF the more active movement IN
railway and miscellaneous shares, which took
marked turn to-day. Authorities and opinions
were seldom so unanimous In prophcsying an easy
money market the balance OF the fall. Whiie some
are disposed 10 think this abundance anomalous ana
Indicative OF less activity In general trade, the
FACTS show that the revival Of business all over
the country Is general and encouraging. during
the past year the government has set iree nearly
one hundred ana fifty millions OF dollars which had
been locked up In government bonds. Again. the
bulk Of stocks which used to swell the demand Tor
money has been greatly reduced. For instance,
Fort Wayne which was wont to fuctuate between
lao and 100 before to tie Pennsylvania
pany, has been withdrawn from the market 10y pur-
chases for private investment, The money given
IN exchange for it il now In the street. A dozen
other stocks have In the way disappeared from
the arena OF activity, leaving In their stead
equivalents. Moreover, the panic OF 1869 marked
down prices TO the extent OF az least hundred mil
hons of dollars 30 that 10 make the volume Of
they are capable Of absorbing her price must ad-
vance to not less than the standard OF prices which
prevailed year ago. That rising market is a
happy one was evidenced In the cheerfuness and
buOyancy which everywhere existed to-day. II is
falr to say that Wall street has been thronged
since last winter Activity and life were visible
everywhere; the street begins 10 It's old time
aspect and the brokers to put on smiles TO which
they have been long strangers. The rise In prices
OF the leading shares was an average Of
about threequarters per cent, and the best
prices were made almost at the very
close. The table below viii show that
IN one instance the advance was az much
~ Ia per cent. The following were the closing
prices at the last session OF the Stock Exchange
Canton Company, esss bid; Consolidation Coal, rs;
Cumberland Iron, 40; Western Union, s7s4 ara;
Quicksilver. AZ a @; Mariposa, bid; 40. pre-.
ferred, llls III; Adams Express 66t on;
wells-Fargo Express, 80 80; do. scrip, az 3A;
American Express. 42s4 a s31a; United States Ex-
press, SO a ss,4; Pacific Nah, Az a AS; New
York Central consolidated, ss7S cav; do. scrip,
ssX ssk; Erie, 321s 222s; Harlem, laS is4;
Reading 1ooss 100l; Michigan Central, 1919
1928; Lake Shore, ~ a 94s; Illinois Central. l35
1s7; Cleveland and Plttsburg, LOG 1864 Chicago
and Northwestern, 81 a SIN; do. preferred. $50 a
ssa; Cleveland, Columbus, Cincinnati and Indiana,
soh 81; New Jersey Central, lo7 a lo7hi Rock
Island, ll31s nay; Milwaukee and ST. Paul. d4sS
olh; do. preferred, sl7s 81; Toledo, Wabash aud
Western 5aA Soys; do. preferred. 70; Fort wayne,
% 93ts; chicago and Alton, 1l24 49,: do. pre-
ferred, ll41s lioh Ohio ana Mississippi aas 33l;
st. Louis and Iron Mountain, 80 bid; Delaware,
Iackawanna and Western, 107l 1908; Morris
and Essex. e02< bid; Boston, Hartford and Erie,
~ AZ; Hannibal and ST. Joseph, 1921 a loe7.; do
preferred. 1l6 did; Columbus, Chicago and Indiana
Central, TN 17&.
The sharpest advance occurred in the dealings IN
the Long Room just previous to the closing OF The
doors and during the subsequent market the side
walk, the crowd remaining to late hour and ex-
hiblting considerable excitement.
THE ExrREME FLUCTUATIONS.
The highest and lowest prices Of the day in the
leading speculative shares shown in tie follow
ING table,