The New York herald., 1879-10-15
FINANCIAL and COMMERCIAL.
Stocks Booming Higher
than Ever.
MONEY RULES AT 4.
Railway Bonds Less Active and Irregular
Governments Steady
Booming
than Ever.
WALL STREET:


It Is an old saying that In times of drought all
signs fail. and it would almost that the present
dry weather upsetting not only the prognosfi-
cations of the clerk of the weather. but all theo-
ries as to the of prices upon the STOCK Ex-
change. 1t ought to rain. but it doesn't; prices
ought to 70 down. but they don't; tnero Is mani
festly "something wrong In Denmark, or, to apply
the quotation to present purposes. there is some
thing wrong in the skies and in the stock Market
The break in prices yesterday portended north
easter but it resulted in q gentle shower. few
operators, protected only by the en- tout cas- OF slim
margins and ''stop ORDERS" got wet; but the
bulk of them. shielded by the dquG scutg
of secured profits came out as dry as .
bone To-day there has been the fairest OF
weather However draggled things looked yesterday
they were in full feather to-day. Stocks which ut
me time were dripping wet with the cold water
hrown upon them by the general decline came to
he front this morning as free from moisture as a
auck's back. In o word, the partial decline in the
stock market had. before MONDAY, become thing
of tho past, and the old upward rush in prices was
re-establshad with its pristine vigor. There was
no stock upon the list of In the way Of quo
tations than 1t was yesterday. while in most cases
the general list decidedly better and r individ
ua instances the best prices OF the present advance
were made. The number Of stocks which have lately
come into speculative prominence is 80 great that
any attempt to partcularze would far transcend our
space, and we obliged to refer for
details to the tables printed below Refer
once, however. may be made to the rise in Erie
from 3s5S to 40E. to New Jersey Central from 699s
to 73x, to Western Union from 95 to 098, and to .
score Of other stocks that not only made up their
losses Of yesterday. but actually gained upon the
prices of the day before. Among the prominent
favorites Erie and Western Union wore the top saw
kn1 Nv
James H. Rutter. the present general traffic man
ager OF the Now York Central road. but whilom lin
Gould and Fisk days) the freight agent of Erie is
to be made president which. true. is conclusive as
to tho Vanderbilt control of tho property. In regard
to tho second 1t also reported that the new and
rival American Telegraph line had been sold out to
Western Union at price equal to the cost OF con-
struction. Although this statement reaches us from
most croditable source decided contradiction
comes to us from another equally creditable. Such
benent. however. US resulted from the existing
doubt taken advantage of by the bulls, who ran
the price Of the stock up noticed. The enormous
grain traihc over the granger roads lent great
strength to these stocks to-day. We indebted to
Messrs Rufus Hatch Co. for particulars as to re-
ccipts OF wheat ut Chicago and Milwaukee corre-
spending days for tho last folr years:-
Receipts at Chicago.
October a. 1875. l26.sos October H. 1873. Iss4o!
October 49, 1S77 1891 October II, 1872. 312 444
Receipts at Aitscaukee.
Bushels. Bushels.
October a. 1885,. 81. .290 October IA, 1818. 1880
October 49, 1877 10s.5i0 October IL. 1870. 294 400
glance ut the above table will show that the re-
reipts of wheat at Chicago to-day are nearly twice
~ large rs for the day last year. and at Mil
waukee nearly four times as great. This day last
year the prce Of wheat in Chicago eighty cents
and In Milwaukee eighty-one cents. The price to-
day is 81 Is to 81 16.
The rise in stocks this afternoon brought with it
a sharp pinch in money. the rate being per cent.
with bonus attachment in the case OF needy bor-
rowers of ,S and even per cent. Nevertheless
the market closed with great strength and with the
advance movement apparently reconstructed and
more formidable than over.
Sales at tho Board foot up 461.050 shares. Follow