The New York herald., 1879-09-27
FINANCIAL AND COMMERCIAL.
Stocks Very Active and Gen.
orally Strong.
MONEY STEADY AT 5 A Z.
Governments Buoyant. Railway Bonds
Active and Higher
WALL STREET,


Generally speaking. the stock market to-day
strong one. and il it exhibited any bias at all it
was ono toward higher prices. Pretty much every
body in stockjobbing circles is watching for sud-
den tumble over in prices, but being forewarned and
thereby forearmed the chute when it comes is
not likely to extend beyond the walls Of the Stock
Exchange. That is TO say. that while the railroads
will go on earning much ever, and the general
Improvement of trade will continue to be vigorous
Is ever. pocket sort of panic may possibly arise in
the Board room. with unpleasant results to such
Spectators have been buying worthless stocks
without rhyme reason. Undoubtedly there have
been a good many buyers OF this Sort
and they stand in imminent danger of
being brought to grief. So long as money
remains easy there is little to fear. Should 1t be-
come stringent there is good deal to fear vast
number Of light timbered stocks-carried upon mar
gins sufficiently large to have paid for them out and
out less than year agoform part and parcel Of the
colaterals pledged to secure loans to-day So long
money keeps easy and the highfauting bull move
ment continues everything is safe enough; should,
however, money become stringent and the temper Of
speculation changed. flooding OF the market by low
priced stocks would happen a matter Of course.
It is quite certain in this event that the
high priced stocks would not escape scot free,
and it Is equally supposable that the whole list
would decline to the tune Of more or less
panicky accompaniment. So far the days market
went there apprehension manifested of o set
back. Placing aside lull in the morning, the
stock market was characterized both by continu-
of the bull feeling and by further rise in prices
The granger shares being rclgiously let alone there
was neither an advance decline sufficient to
attract attention. II thing they weak. and
to great degree refused to gather strength even
when the market grew buoyant There plenty
of strength, however to make up for this weakness
in the coal shares, likewise in Erie Although the
combination" seems to be as hopeless there
prime parties buying the coal stocks under the
impression that they. along with everything else
salable and purchasable, must attain to higher
figures. Perhaps for the that there was in .
general way good demand for all the anthracites,
while In a special way there a sharp inquiry
tor Delaware and Hudson, based upon an impression
that Mr.. Vanderbilt buyer, and for New Jersey
Central because street points worthy of consdera-
on. promise still higher prices for this property
There also fresh lift in Erie. the price being
rising one the day through and transactions large
and important. The managers of the movement are
recacitrant and loath to show their hands, but it
may be assumed with considerable safety that.
whatever may be said to the contrary, certain
changes in the management will be effected that
supposed will materially benefit the property.
The total number of shares sold at the Board to-
day way 30l $40. The following table shows the
fluctuations the day in every stock OF which 100
shares dealt in:-