The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-16
FINANCIAL and COMMERCIAL.
The Stock Market Very Active and
Generally Higher.
Government Bonds Firm, States Dull
and Railroads Irregular.
Money on Call Easy at 2 1-2 a
8 1-2 Per Cent.
WALL STREET,

WEDNESDAY, Jan. 10 T. W
An irregularity of values and general yielding OF
prices the characteristics of this mornings stock
market In moderate way the bears had the best of
the day. though there was no evidence that the shorts
disposed to take the bulls by the horns after
fashion that could be esteemed aggressive. They
were simply content to remain quiet and to receive
such benefits were to accrue from market that
had been pretty well pushed up that sought realiza
ton of profits and was sure to decline when such
realization attempted. Conditions of this nature
had to be satisfied to-day and the recession of mar
ket prices during the latter hours of business
simply due to the fact that operators, who
had been contemplating profits on paper. were de-
sirous of touching the same in the shape of cash.
There moro than one reason why the pressure
to sell should have superseded the pressure to buy
in to-days market. In the first place it shrewdy
suspected that some poolholders of the Northwest
erns had engaged in the lamb-like pastime Of 'skp
ping" and in the second place it known by off,
cial proclamation that an important operator had
been unable to live up to his contracts. That the
market should have declined under desire to garner
profits was clear enough. but that 1t should have
further fallen under orders to buy in stocks for
operator who had failed upon the short side was
hardly understandable 1t did nevertheless and tho
circumstance is accountable for by the fact that dis
aser to an individual member Of the Stock Exchange
uisaSer 10 the WuOle DOuy OF COTyFTeS III
greater less degree, be the market at the time
bull one a bear one. At tho opening prices
fairly steady, but afterward were inclined to waver
at least to become unsteady and irregular. Thus
while Delaware and Lackawanna, Morris and Essex
and the grangers improved, Lake Shore and some of
the less active stocks declined. AS matter of fact
the coal stocks led the way very strong pool
which is apparently indifferent to prices of coal
chances of combination, has taken hold of the
Lackawanna property. and. as appearances go,
to push it to higher prices. Morris and Essex.
as kind of side show to the property in question
moved along with it, the more that Mr.. Keene is
supposed to have given it supererogatlve boost.
though when grief to the market, as
1t did later on, much Of the advance lost.
Such indeed, the fate Of the general list in final
proceedings. when recession from best prices and
something of feverish feeling substituted for
tho buoyancy of the last few days. There moth
ing. however, in this temporary weakness antago-
nistic to future advance; the contrary. further
Improvement in stock values seems to us to DO as
imperative the coming of spring. and, though the
buds of speculation may be blighted from time to
time in the interval there ia every to believe
that they will blossom out eventually in tho fruit Of
much higher figures.
The highest and lowest prices of stocks at the New
Vor foclr Exc -davx TOI1ov