The New York herald., 1879-11-16
FINANCIAL and COMMERCIAL.
Stocks Continue Strong and
Buoyant.
MONEY RULES AT 6 TO 7.
A Favorable Bank Statement
Received.
WALL STREET,


One days stock market is much like another
that the description OF it becomes monotonous as
twice told tale. To-day resembles yesterday and
yesterday resembled the day before. Week in and
week out tho type of the bull is the prominent one
in the family likeness and there is bear fca-
ture in the picture. 1t is question, indoed'
whether such creature bear speculator exits
at the present time. From all appearances the last
OF the race has been consigned for good ana al 10
the company of tho extinct saurians and the ante
deluvian mastodons which scientists occasionally
dig up for ediAcation and instruction. Brleny'
tho Stock Exchange bear has become sort OF iusus
na:urg curiosity to be appreciated by Barnum but
worthless as an object of interest to Board room
which gauges his intrinsic value as being just
nothing at all. In a word. there are no bears to
speak of. but whole herd of bulls. about whom
column might be written. It follows without say
Ing that these latter controlled to-days market If
everything was not cup" at least everything
steady and there falling off of prices even If
there were no gain. Firmness was the rule and an
advance the exception. So far as q decline went.
that was simply out Of the question. Among the
ceptions were Erie. which to 40 Lake Shore.
which advanced to 1914. Oregon Navigation to 120.
Missouri Pacific. from to 1s1a Wabash to COS and
half of other stocks that gained fractionally
upon opening prices. 1t must bo stated, how
u
ment was scarcely borne out by closing prices.
The advance had invited realizatons realizaions
brought cheaper figures. Consequently pretty much
everything was lower at the close and the appear
lnce was that il the advance movement had not
stopped it had, at least halted. 1t was remarked
that the so-called Gould stocks were quiet and it
certain that the coal shares irregular and
neglected. brisk business was done in Boston.
Hartford and Erie at prices which ranged from to
i4-no in the Board room. where 1t is tabooed. but
In the street. where free trade prevails. misty be-
lief exists in quarters that this stock is not
dead after ALL and may be yet resuscitated upon the
Board list live property The basis for this be-
lief exists in the report that some Bos-
ton property was overlooked in the fore
closure proceedings, and that the common
stockholders to get the benefit Of 1t.
As has been previously noted the Stock Exchange
offers forty for sale. and invites bids for the
same. So fur there are about eighty applicants.
md the impression Ia that the average bids will
range midway between $4,000 and $4,000 Our
special from Philadephia is to the effect that
the stock market there was "tame." Prominent
stocks were lower in the morning, out better after
ward. Lighter fances, however. were in strong de-
mand, and both light and heavy weights improved
when the favorable New York bank statement be-
came known. Some timidity was shown in the
Pennsylvania Railroad speculation attrlputaDle TO
report that the civic authorities were considering
the propriety of selling out some 10000 shares OF
this stock held by the city of Philadelphia.
Although the stock cost the city next to nothing it
in doubtful whether either the disposition or the
power exists to dispose OF it under par. The
market closed with great strength and with
diminution of the avidity to purchase at ruling
ratios.
At the Mining Board here business was very ac-
tive with prices firmly held and with further evil
dences exhibited Of the growing interest which is
being developed in mining property
Total sales at the Board were 5l0.506 shares
against 537 ,325 shares yesterday. Following is q
.vnopsis OF the transactions:-