The New York herald., 1879-09-21
FINANCIAL And COMMERCIAL.
Stocks Still Stronger and
More Buoyant.
Nj O N E Y LO w E r.
Government and Railway Bonds Strong
and Fairly Active.
WALL STREET,

.t SATURDAY, Sept. 90 r. NJ
II q very much neglected stock indeed that
did not benefit by the propulsion given to to-days
market. Even the sickliest of the lot gained some
strength. while the more healthy ones gained more.
Like the Assyrian bulls which every scholarly
Board member knows were furnished with wings.
their imitators upon the Stock Exchange to-day
spread their pinions in flight toward higher prices
Almost without exception they gained them There
general whirl upward in most OF the active
stocks and very considerable hutter In the less
prominent ones In a word. there general
Improvement in the list. strongly defined in some
specialties and less in Others Among the latter
the grangers. Lake Shore and other steady
goers which hardly got yond the degree OF irmness
from the fact that speculation has shifted of into
newer and more inviting stocks. while among the
former the ragag and bobtail of the list which
present frothed to the surface. and offers the
most attractive features OF the existing speculation
There was not much doing in the old standbys, but
there was extraordinary hurrah in the new
which have lately shown up in the arena of
speculation The popnh unquestionably
expressed favor Of these latter, and through its
impression, embodied in orders to purchase, the
market sharply advanced. There a rise to 4SA
in Houston and Texas advance to ASA in Iron
Mountain Though it lost per cent Of the improve
at the close) squirt of nearly per cent in c..
~ l. "
made with the Pennsylvania roadin the matter of
the back interest due from the latter) and alto
gether fresh start in Terra Haute and Alton from
reports circulated to o contemplated upward
movement in the stock. While the whole market
less in steaming condition to-day
there was no stock nearer to the boiling point than
Delaware and Lackawanna, which. from the open
ing to the end gained and retained 2S points.
There were good buyers among the bears. who began
to think they had made mistake in selling short,
and better buyers among the bulls, who quite
sure they are right in buying long. The
latter were stimulated by the belief that
combination Of the coal companies was imminent
opinion greatly strengthened by the fact that the
managers of the different interests have been
quietly powwowing together with this intent in
view both yesterday and to-day. On the other hand
we hear that the Reading road will publish reduc-
hon in its rate Of tolls on Monday, and that both
Delaware and Hudson and New Jersey Central are
making engagements ahead to the extent Of their
ability for the delivery Of coal present prices At
the Mining Board business has greatly improved
during the last few days. Not only are trans
actions much increased, but prices higher.
Accounts from the Bodie district represent
that the sinking Of the Consolidated Pacific
Company's shaft to the depth of 80 feet has de-
veloped rich in large quantities which they are
now enabled to reduce in their mill. set going
for the first time to-day also statements from Mr.
Locke. the engineer of the Lucerne mine. reporting
to the treasurer in this city that the mining as it
progresses develops q crevice of rich and abundant
which is being worked to the full extent of tho
companys power. There wore large dealings also
in Great Eastern. in the Bonanzas and in other
stocks recently neglected. with in most cases more
satisfactory prices to holders of the same.
The extreme fluctuations Of the day in leading
ol.D xl,oT TA11-.