The New York herald., 1879-09-30
FINANCIAL And COMMERCIAL.
Stocks Still Stronger on g
Very Active Market.
MONEY STIFF AT 5 A Z.
Governments Brisk and Higher-Railway
Bonds Buoyant
WALL STREET.
s- Cant 90 n ID M

I
MONDAY. Sept 29-6 Z. NJ.
From the present aspect of stock speculation
bear upon Change is to be regarded as sort OF
'.lusus naturae-an object sufficiently interesting
when penncd up. but of good when allowed To
roam at largo. In old times intervening Sunday
wonld have been used by tho bears (of course be-
tween church hours) concoct some plan OF assault
or defence to be made available on the succeeding
Monday. Yesterday was permitted to go by with
any effort ut all the part of the BEARS and con-
sequently bulls had full swing of the market to-
day. Itfollowed therefore, that the advance move-
mont which was commenced on Saturday in some of
The leading stocks was thoroughly developed to-day
This fact is especially fitted to the Erie speculation,
this stock taking lead both regarded activity
and magnitude of transactions AS to what was in
tended, the air full of rumors. At one time Jay
Gould was said to be the propulsive power. at
another Vanderbilt 1t is quite possible that either
one the other perhaps both together, may have
controlled movement which certainly shows the
grip OF master hand that lar surpasses the feeble
lingering of o mere speculative clique. Whether Mr.
Gould or Mr.. Vanderbilt be the instgators Of the
bull in Erie matters little. 1t is pretty
certain that the buyer who pays his money can take
his choice Of the two operators and be reasonably
certain Of getting satisfactory return for his opin
lon. Erie led the way the days dealings
there lack of good following.
Inc coal STOCKS were ngners inc SranGerS were
higher and pretty much every other description of
property on the list mad greater nominal value to-
day than 1t had Saturday. In fact. to vul-
carly expressive term, there occurred the biggest
bulge Of the Everything higher and
: everything is likely to stay until the temporary
Al Upset. which will restore the equilibrium.
Ipzeyond the general boost," which is being gener-
hlly applied there is but little In the way special
5lews. The Ohio and Mississippi shares are higher.
[plthough there is talk of per cent assessment
upon the common stock, and the c., G. and l. G.
shares only firm. although we hear from reli-
able sources that tho litigation with the Penn
sylvania road is to be definitely sotted by compro
mise. which will take the shape of payment by the
latter to the former road of 35 per cent of back
interest on the first mortgage bonds and it is fur
ther stated that this payment will be made either by
the bonds Of the c.. @. and l. G. road, indorsed by
Pennsylvania Central by bonds of the latter road.
To make general summary of to-day's speculation.
It may be expressed bordering upon wildness.
There was temporary lull and lower figures in the
afternoon but closing prices were Of the
Ing and tearing sort that had characterized opening
quotations.
Sales at the Board aggregated the almost unprece-
dented number Of 49, TAI shares dealt in between ten
A. M. and three p M. The following list contains
every stock for which quotation was obtained:-