The New York herald., 1878-09-21
An Active and FeVerish Mar
kst for Stocks.
GOLD STEADY AT 100 1-2.
Government Bonds Strong. States Steady,
Railways Buoyant.
MONEY ON CALL l IL TO 2.
WALL STREET,

FRIDAY. Sept 2o-6P MI
With Z market at one timo weak and at another
time strong, and with hiatus OF irregulnrity MI
up the interval whom u neither ono thing tho
other, 1t is but natural that Spectators tho close
of the day should doubt whether they bulls
bears or only hybrid cross between The two. Worse
OF than the lady 10 the nursery rhyme, VINO. being
curtaed TO pettiooass aud therefore rendered
OF doubtful rospectabty was yet able 10 refer ior
idcntifcoion TO sIitue dog at homs, stockjobbers
NJ the moment are greatly psrplexed IS 10 whether
they ought to be bulls bears, while they have
means OF settling the point until the course Of the
market shall settle II for ihsm. The chief
feature in to-day's speculation was the pulling ana
hauling In the Lake Shore property. Opening at 67ss
1t sold down 10 cox. rallied to 67 and fell of In tho
end to 6osz. Thors Board room stories snoot,
improbable enough, but credited enough, never
theloss, to elcot tho changes noted, ana they are
consequently deserving OF record part OF the his
tory Of the day. II was said that Mr.. KceDe was q
FREQ seller OF Lake Shore. his intention being to
break-througn sympathy--the prico of the North
westerns, and thereby permit the covering OF his
short contracts in these securities Furthermore, It
was rumored that strike ia impending among tho
employees OF the Vanderbilt ronds and that its ram
tacations extond not only TO the workmen. but TO
brakemcn, engineers and conductors. Mr. Keene,
having u year ago successfully but painfully shoul-
dered many thousands Of shares under similar CIR
rumstanoes, II was not deemed extraordinary
that under hepossbility OF recurrence Of the same
difouIty he should anxious shift the burden to
fresh shoulders Tho strike story, however, received
n quietus shortly after meridian, when the whole
matter contradicsed prce rallied noted,
though the explanation OF the subsequent recession
Is yet forthcoming. While Lake Shore oon-
lnued and ioverish the rost OF the list was
douiaby ystroug-particuiarly was this the case with
the 81. Paul preference Shares which exhibited their
oversold condition by the coyness with which they
mot the advances Of buyers, and tho 'aTs." In the
Bbape Of higher figures, which they put ON before
submitting to the embraces Of tho doubling and un-
easy shorts. In fact the bears don't quite ke tho
appearance OF any OF tho grangers. Among
the most conspicuous buyers Of thsse shares
to-day were tho brokers OF parties who have bcen
lateiy bowling down their values and backing sheir
opinions by wagers that the ST. Paul road would
snow weekly decrease OF 500. 900 during Septe m
bor AS q general thing closing prices were lower
than opening ones, and the tone OF the market so
discordant nothing the form of melody was TO
bo extracted by either bull or bear. very agreea-
bio addition TO the membership Of tho Stock Ex-
change was Afforded to-day tho election ot Mr. W.
NJ Patterson, who viii henceforth snaro with Board
members tho we'll deserved popularity which ho has
for many years enjoyed In tho gold room.
RANGE OF sLUcrUAriox
Following arc tho opening, highest and lowest
pr,cee OF stocks to-day, with tho closing QUOTA
sions at three O'Clock - a 81