The New York herald., 1879-02-26
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Stronger.
Government Bonds Steady. States Dull
and Railroads Irregular
Money on Call Easy at 2 a 8 1-2
e 1-2 Per Cent.
WALL STREET.

1
TUESDAY. Feb 25-6 r. M
There was weeping and wailing this morning in
Offices that were long Of stocks and lamentations over
the prostrate state Of the market dire enough to melt
the heart of the most callous of bears Bulls could
not have looked bluer If they had been piled into
hecatomb for roasting. felt they knew that
events threatened their hopes with general bar
becue In fact. matters the hilarious
for stocks excessively weak and promised to be
weaker and there occurred general trimming off Of
fractions from opening quotations which bid fair to
reduce values to unusual state of slimness How
ever the poet tells that "some griefs are
medcinable" and the stock market gries
are often of that order. 1t quite
evident that they amenable to treatment to-day.
for the hands the clock had hardly reached high
twelve when the whole aspect Of things changed and
prices which had been in slough of despond
struggled out of the mre and placed themselves upon
the high and dry Land of substantial advance. Tho
Improvement essentially due to the vigorous
support given to the Northwestern common shares.
which advanced the price about per cent But
still they not happy these buyers. IL report
speaks truly but rather the reverse being inclined
to call each other bad and to utter accusations
of broken faith and to hint at "irregularities'
in the pool management which had nearly
upset the apple cart of speculation. The
story goes that by some mysterious process the
pool stock, supposed to be securely locked up, had
got adrift upon the street, and when a showing Of
hands called for this morning the part Of the
pool members OF them empty of certificates.
However. successful turn" had been made. and
the sharp operators quite content to buy their
quotas of stock ut market prices. The demand thus
created added to that of the newly formed pool made
the stock very active and advanced the quotations
noted It did even more than this. for it improved
the tone of the whole list and brought the leaden-
heeled market of the morning to the quick step of
decided advance. Western Union, in spite of MIR.
Buffers raw head and bloody bones amend
ment (which, it appears. has not been
adopted after ALL from 1001a to 1O3A, and
closed at the highest figures. Wabash
steady and even slightly stronger in spite of its
being given out that additional issue of $2000O00
OF bonds will be msde-$S24 900 of them to pay of
the Seney mortgage and the balance to go to the
strong box Of the company to be ready in Of q
wet day. Kansas and Texas remained strong and
without material change It is believed that the
Burlington and Quincy Company have been acquir-
ing the stock and bonds Of this road to considerable
extent with the view of controlling the property and
extending their connections into the Indian Terri
tory The rest of the List bare of incident, but
possessed the close appearance OF strength,
which augured well for higher prices Tomorrow.
The opening. highest, lowest and closing prices Of
stocks at the New York Stock Exchange to-day vera
as fouows:-