The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-10-11
FINANCIAL and COMMERCIAL.
Stocks Active and Still
Advancing.
M Q N E Y T. A s I F. r.
A Firm Market for Governments Rail-
way Bonds Strong
WALL STREET.

FRIDAY Oct lO-6P. n.
At the Stock Exchange day after day of activity is
scored up. with all the regularity that attends the
aggregation of miles and laps at the walking match
This morning another added to the list. with
Erie the first favorite and the coal stocks, the
grangers and Mr. Goulds lot stringing along in sue
cession. good deal of the activity resulted. how
ever. from an intense feverishness which kept
things moving. but not always toward higher fig
ures. Thus at times there depressions which
looked omnous. and lasted just long enough to
raise the spirits of the bears and then changed with
presto. pass" celebrity into sharp advance.
which equally restored tho spirit Of the bulls
These ftful changes were. however. confined
within the limits of two per cent. and were
principally visible in Eric. Michigan Central and
the anthractes While no particular reason was APP
parent the frequent changes in Erie the decline
in Michigan Central from 50 to 81 was directly at
tributable to the accident upon tho road. and the
weakness of the whole market for the time being
was due to o sympathy with the fall in this stock
Later on it recovered half the loss. and the whole
market smartened up also. New Jersey Central led
the coal stocks. aud upon the Philadelphia market
there was a sharp advance in Reading. The frmness
Of these securities appears to be derived from tho
legitimate Improvement in the coal trade rather
than from the artificial aid of supposittious COM
bination. which combination. by the way. has ap-
parently tauen TO pieces by It's own weight, Mr.
Packer not having signed and the stipulated
time for doing SO having expired There was q
strong market in the Southwesterns and exception
ally good points given to purchase Missouri. Kansas
and Texas. Ohio and Mississippi sold up to 241s on
q story that the road had been taken out Of the
ceiver's hands, but inasmuch q step of this kind
would be quite likely to do much harm
good aud since nothing of the sort has occurred at
ALL the rise is to be attributed to stock jobbng only
The following items with regard to the Boston
Air Line will be Of interest:-The road is new
connecting link between New York and Boston by
way of the New York and New Haven Railroad, and
is the shortest route between these cities by twenty
three miles. 1t pools it's earnings with the New
Haven road and is receiving upon them at present
FIVE per cent per annum the par value,
and will take its place in February as
. dividend paying stock. There steel rails, an
abundant equipment ana no floating debt. There
still continues to be lively business in the Mining
Board with Gold Placer. Hukin and Tuscarors the
favorites at advancing prices. We are informed
that the money which has been wanting to work the
first named property is to be forthcoming and that
the reports from contiguous properties highly
favorable as to the yield OF the washings.
Total sales at the Board 53S $50 shares. Fol-
loving il an epitome of the DAVIS busiuess:-