The New York herald., 1879-10-12
FINANCIAL and COMMERCIAL.
Stocks Active and Still
Advancing.
MONEY LENDS 7 TO 8.
Governments Steady Railroad Bonds
Active and Buoyant.
MONEY LENDS 7 TO E
WALL STREET. |


SATURDAY. Oct. u-6 =. NJ
Any AnAncial medical man capable of lingering tho
pulse Of the stock market would give as his opinion
that the patient feverish to say tho least OF IT..
In this. he would be right for there were both hot
aud cold terms in to-day's prices. suggestive of
nalarious influences and prospective congestive
chills Whatsoever OF evil may be stored up for the
future. to-day's stock market was undeniably
strong ono. wo havo previously had occasion to say
that the bull movement was being overdone. but up
to the present moment this opinion has not been
backed up b. facts Like Curtius Of classic times.
tho Who'll. community is plunging into speculation
regardless of where 1t will fetch up. While sensible
of tho fact that the extraordinary betterment
in matters Of trade and commerce warrants
q corresponding Improvement in tho values of
stocks we are inclined to think that this latter has
been pressed too vigorously-in fact that it has
been pushed to the point Of danger The danger of
q break in the market Is threatened from three
directions. First from the fact that prices sup
ported by comparatively now speculative element.
which knows side but the bull side. has never
been through panic sees nothing but success
ahead, but which would shut up like an oyster
whenever a revulsion came; second. from the banks
and money lenders. which. upon the first note of
paper collateras, they doing at present;
and third. from the chance OF large ope-
rators getting quietly short of the list
and coming down hammer and tongs upon
the market. as they are quite capable of doing.
Prices to-day of the most irregular description
being higher, lower and higher by turns. Erie, the
coal stocks, Lake Shore and the grangers prom
inent. usual. at prices which were sometimes
good and sometimes bad, as they happened to be re-
garded from bull or bear point OF view. Taken as
q whole, prices of these stocks equal to those
OF yesterday, IL not something better. In other
stocks prices simply steady There was no
change Of importance in Ohio and Mississippi, the
circumstance that agreement is likely to be
rived at between the contestng interests being set
of by the fact that the road is nevertheless earning
month last year. Pacific Mail remained
steady and strong. We understand that
Mr.. Keene will shortly enter into the direc-
ton Of this company which, if it be fact, is
saying q very good word for the company indeed.
There is good deal Of quiet buying Of the North
ern Pacific stocks. common and preferred on reports
Of large grain receipts ut Duluth the road and
the prospects of still greater 1t Is said that
1000 car loads Of wheat have been shipped from
Fargo alone this fall. At tho close the market was
undeniably strong. though not entirely FREQ from
the feverishness which had been the prominent
symptom of the day. In the Mining Board busi-
quite up to the point OF yesterday
tvty with the largest transactions in Gold Placer
at strong figures, and in Buckeye and Tuscarora at
steady onos.
Sales at the Exchange amounted to 395 1853 shares.
Following Is q synopsis Of the days business