The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-26
FINANCIAL and COMMERCIAL.
An Unsettled and Active
Stock Market.
MONEY RULES AT 6 PER CENT
Feverish influence OF the Erie
Election.
WALL STREET,
TUESDAY, Nov. 25-6 p. NJ

=
There were many traits upon Change to-day which
showed that speculation fast relapsing into the
state of brokers' market. 1t is true that there were
rather important fluctuations made in some things.
but, as a whole. the market given over to the
ephemeral dealers who at present seem to be man
aging matters vice the magnates of speculation VINO
are resting for the time being--R not upon tneir
laurels. at least with greatly augmented DanK ac-
counts. Notwithstanding the fact that the Market
has been left to the high prvates, 40 to speak, OF
speculation, large business was transacted to-day
There were sharp fluctuations in Erie, Kansas ana
Texas and the coal stocks. attended by periods of
strength and depression in the general market and
winding up of the whole list with good deal
of frmness and in many cases at an advance upon
opeuinc figures Erie proved to be the most mer-
curial of the lot The price and fell stories
were current adverse favorable to the probability
Of Mr.. Vanderbilt being represented in the new di-
rection. From 351a at the opening the quotation
;ell to 33 advanced to 37 and closed at 1864. The
gain for the day accordingly q per cent. and
was upon the belief that the election Of drec
tors was significant of the introduction of powerful
Vanderbilt interest in the Board. With the
ception of three the old Board stands it did,
The new directors Mr.. Thomas Dickson, presi-
dent of the Delaware and Hudson Coal Company Ia
Vanderbilt mani; Mr.. Harrison Durkee. director
in Western Union Ia Vanderbilt mani, and Mr.
w. L. Strong, a woollen merchant "a dark horse).
With these gentlemen added to three four others
of the old direction Of pronounced Vanderbilt ten
denotes it would appear that the Vanderbilt interest
is very strongly represented in the new manage
ment 1t may be made stronger yet on Friday-when
the Board will organize for the election of officers
by the dropping out Of of the directors elect
and the substitution of new men who may more
distinctly represent the Vanderbilt interest.
As the whole market turned to-day upon Erie, and
tho rest Of the list simply swayed to and fro with
the pendulatons in this stock, there is nothing Of
importance to be said about it. The bids for
the forty additional Board seats were opened
this afternoon. Az well could be learned
from q member of the Governing Committee
who had dropped into Delmonico's late in the day.
and appeared to grow somewhat mixed as to what
had actually taken place. one hundred and three
bids we're put in OF these 10 were at $4,000 and
over, while the remainder ranged from $4,000 to
$4,000 The highest bids were $4,000 and the low
est $4,000 1t estimated that the forty seats
be sold at an average OF $4,000. There quiet
market in Philadelphia. Messrs. c. Evans e. Co.
quote the closing price of Pennsylvania Railroad at
%9k 49sh, and OF Reading at 34A 347s
Total sales the Board to-day 443. 47S shares.
against 44s, 265 yesterday. Following is synopsis
of to-day . Transactions