The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-24
FINANCIAL AND COMMERCIAL.
The Stock Market Very Ac-
tive and Strong.
Government Bonds Weak States Steady
and Railroads irregular.
Money on Call Easy at 2 q 8
Per Cent.


VHURzDAXs Jan. I3-V =. ~
tits safe to aay thst on no day since its inception
has the prevailing bull movement in stocks shown
90 much vgor. attracted SO much professional and
general interest and in heraldic way claimed to be
bazoned after such rampant fashion that Of this
morning. Figuratvely measured by railroad express
speed it matter OF sixty miles an hour the day
through. But the fastest Of EXPRESS trains
compelled to slow up now and again from consdera-
tions Of safety. and has become serious question
whether the present speculation is not carrying
steam than is good for It. Without in the least
ceding from tho opinion frequently expressed in this
column that the future invited an improvement Of
prices. not only in stocks but in every other
description of property that possessed any value
1t all. 1t Is still possible to overdo the BUSH
by pushing to the extremes of intoxica
tion It very certain that the prices Of stocks
not be pushed up at the rate Of per cent day.
which equal to per MONTH 500 per cent
per annum without danger of meeting with setback
somewhere or bursting the arithmetic. Yet there
are bulls who from long experience in the street.
ought to know better that below their dissatisfaction
If the days business does not net them at least
hundred dollars for each hundred shares Of stock
they may DO long Of There lis nothing more injuri-
Gus to the temper of healthy bull market than to
work up to fever heat and to this degree 1t seems
to US. the temperature has boon raised to-
day. It would not be surprising. therefore. If
some antiphlogistic treatment in the shape
of sharp recession would be necessary to
restore the list to 3 state Of normal health.
While it is exceedingly unsafe to predict even tenn
porary decline in q market which has so many ee-
mcnts of strength about it there are. nevertheless.
certain signs which render decline possible. and. to
the calmly contemplative bull. desirable. From
the extensive speculator. who operates zen gyos to
the potty costermonger in stocks who trades in 80
hundred" the whole "biling" Of them is on the
long side Of the market while at the time the
short interest exhibits Grape the bel-puu
testimony to the loss which 1t has sustained. and
tho growing public hardly adolescent yeti is not
sufficiently strong relieve the professional cliques
from tho Of stocks which they have accumu-
lated. Tho boot being. therefore, pretty much upon
leg. the efforts Of few leading sellers would DO
Rpt to invite imitation. particularly profits. look
Ing tempting upon paper. would become doubly
when made tangible at Cashiers desk. There is
little to be said about todays market except that it
was strong and advancing throughout tho session.
aud that the closing prices were equal in most
to the best Of the day. The stocks most
brilliantly prominent were tho Northwesters, Lake
Shore. Ohios and Erie. the changes in which. and
thor activity expressed by trsnssctions best
DO soon in the tables which follow.
The opening. highest lowest and closing prices Of
stocks at the New York Stock Exchange to-day were
tyoxr