The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-26
FINANCIAL and COMMERCIAL.
The Stock Market Active, Stronger,
but Feverish.
GOLD 1OT 3-8 A lO7.
Government Bonds Lower and
Railroads Irregular.
Money on Call Easy at 2 8
Per Cent.
WALL STREET,

WEDNESDAY, April asp. H.
On the Stock Exchange to-day business was large,
excited and feverish. rise for two continuous days
was such q rare sensation that the market seemed
scared at Its The very decided improve
ment was almost 100 good to be true. and by many
bulls was only realized under the act OF selling out
This Mt one time created temporary recession OF
prices. but the session grew TO its close figures
n:nened up again, and at the end, In most instances
.he best quotations OF the day were made. The chief
point ascertained just now is, What amount Of
faith be placed in tho pcrmunency of the riser Is
II merely matter OF az and ultimate failure
sound Improvement based upon the commercial bene-
ats likely to spring from European and the I'M
naturally depressed condition OF many stocksf Is II
better 10 hold on, is there doubt enough suggest
the acceptance of Hoyles advice ITO take tho trick,
BY selling out and bagging the pronts9 The "Divne
William, tells US that
Our doubts are traitors.
And make us lose The good we Oft might win
So 1t would appear that the bard might have had
bme knowledge Of stock jobbng and had realized the
proprety OF taking profit when offered. Although
Is pretty evident that some OF the leading OPERATORS
knowing tho market to DO considerably oversod, an
tcipatng the effects OF foreign war and realizing
that the prices OF many stocks unduiy depressed
have been active buyers with the intent Of parting
with their shares at higher 6guresln short, for the
simple purpose OF making profitable turn
upon the market-we have, nevertheless, good
reason to believe that within the last
days quite important amount OF stocks have
been bought paid for in full and taken OF tho
street. How long they Will be kept out OF the street
10 another matter, but the mere inception OF such
movement a subject OF grauation since II forms
the only sure and reliable basis for permanent i'm
provement Tho properties chiefly benefited by this
action have been Morris aud Essex the coal carriers
md ock Tell Tha latta in fu no
rising from SO TO 49, and closing only shade of OF the
latter price, The confessed failure OF tho 49, 900
loan. for some inscrutable reason seems have az
cced the stock favoraby. 1t is officially announced
that the oan or which $200000o only have been sub
scrbed or) has been withdrawn for the present, but
may again be offered the LIST of July and LIST OF Oc
tober next, giving a chance to bondhoders
to exchange tho present outstanding issue for
the bonds up to the LIST OF jan
nary following Some additional strength was
also lent the market by report that Mossrs. H. Ken
nedy Co. had made settlement with their creditors
This aiterward denied, but the impression that
matters tending satisfactorily toward that dcsr-
able ISSUE Tho market, which had boon playing fast
and loose with both bulls and bears for the greater
part OF the morning, took strong turn upward toward
three O'clock driving many Of the smaller shorts to
cover and closing up business at about the highest
points Of the day.
SALES TO-DAY.
The sales Of active stocks to-day aggregated 22o 200
shares, which were distributed as foows:-New York
Central 1885, Erie 200; Lake Shore, q. 200; North
western ], 200; Northwestern preferred, 2Oo Rock
island 81, $50; Fort Wayne, AIS; Milwaukee and ST.
Paul. 1885, Milwaukee and st. Paul preferred, 10000:
Pittsburg, $50; Delaware, Lackawanna and Western,
IS, 400; New Jersey Contral 5l0 Delaware and Hud-
son Canal, 9454; Morris and Essex, 9,675; Michigan
Central Ia, OH; Illinois Central 800; Union Pacific,
40; Hannibal and ST. Joseph, 200; Hannibal and St
Joseph preferred 1905 Western Union 49, 2l2; Pacific
MAIL 200; Atlantic and Pacific Telegraph, 475 Adams
Express $40; Wells Fargo q Co., 100; United States
Express 400
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening, highest and