The New York herald., 1878-11-24
The Stock Market Fairly Ac
tive and Strong.
GOLD STEADY AT 100 Is
Government Bonds Strong, States Quiet
and Railroads Irregular
MONEY ON CALL sA4A9 IL PER CENT.
WALL STREET,


SATURDAY, Nov. 2i-G p. NJ
II the parties who inaugurated raid upon the
stock market yesterday and repeated it to-day have
any faith in the French adage which proclams that
there is mo success like success they must have
been rather disgusted ct the complete miscarriage OF
their attempt. As prices recovered their pounding
yesterday 50 did they to-day--they even did
more. for closing quotations showed considerable
improvement upon lowest ones well as being
within fraction of the best OF the session. The
drive was especially directed this morning against
the grangers. with the result of weakening prices
about half per cent 1t would probably have
been extended to Lake Shore well had
it not been for "noVe tan
gere'' look about the stock which warned
OF bearish trcspassers. In fact it retained this ap
pearance the day through, and by way of proving
that there real strength to back it figures
advanced from 80 to 6Dsa and the rise sustained
within an eighth per cent in final dealings. Later in
the day the grangers pucking up fresh courage fol-
lowed suit with rally from their depression, and
finished with gain in the OF the st. Paul proper
ties of clear Il per cent on opening prices. or
course the whole street set to work cudgelling its
brains to discover what it all meant. Unfortunately
the brains of the street not those Of Jove and
liable information seldom never springs from
them, like Minerva, full armed with the panoply of
truth Intfe Was no want Oh Soou sueSSWorh,
however, which is next door to it. and
this had it that the Osborn-N Nanderbilt III
tcrest largely engaged in the purchase
OF Lake Shore and tllat Mr. Gould paying equal
attention to the buying of st. Paus. Certainly the
personality Of the brokers employed would suggest
that the street had correctly backed their opinion
upon this double event" Although the advance
made to-day in the Northwestern speculation in
significant the stock continues 10 retain the conf
dencc OF operators, both lay and professional The
talk profusely INDUCED in previous to the
compAnys last election anent Gouds continuance in
the direction is being revived with fresh display of
morcd that new attempt will be made to cut off this
alleg ltion that he is bear the stock. This
burst OF virtue from his immac ulate
directors who probably not short only
because there is money in being
long, is refreshing, to say the least of it.
But the query arises. lis Mr.. Gould short of the
stock, after all = There change in the coal
stocks the small improvement. made at one time be-
ing lost at the close. The same may be said of the
rest of the semacve list which shclved for the
day ont of speculaton's way. In fact the bulk of
the days dealings were confined Lake Shore and the
grangers. At present the bullish feeling is confined
to these stocks, and holders quite confident that
handsomc Christmas will be the reward Of those
who bold enough to buy. The general market
closed strong after day OF small fluctuations and
more than usual dulncss.
The opening highest, lowest and closing prices of
stocks and gold at the New York Stock Exchange