The New York herald., 1879-03-01
FINANCIAL AND COMMERCIAL.
The Stock Market Active
and FeveriSh.
Government Bonds Firm, States Lower
and Railroads Quiet
MONEY ON CALL 8 A 5 A 1 PER CENT.
WALL STREET,

FRIDAY. Feb. 2S-6 z. NJ.
rhe bull courage exhibited in yesterdays closing
prices seems to have oozed out during the night for
very little of it left after the opening hour this
morning 1t is true Western Union shot of at
tangent. onward and upward. but it the only
projectile of the list. the rest of the market result
ing in nothing better than mere fash in the pan
so far any advance movement concerned. The
strength of the telegraph fancy however was sufli-
cient to a multitude of the backslidng sins
developed in other active stocks, for it alone grew
strong. forged ahead and came to anchorage at the
best figures of the day. Closing transactions were
made at 1868. which is the top notch of values in its
Stock Exchange history. Almost without exception the
remainder of the list was lower There was posi-
tive weakness apparent, but general tendency to
droop which resulted in pairing down OF prices and
essening Of that emb0npont of values which is so
attractive to the eye of the shareholders In fact.
there is Banting treatment effective in reducing
fat figures on Change smart attack from q few
determined bears. Something of this kind
this morning in their treatment of Delaware and
Lackawanna. 1t not thoroughly successful.
however for the price. which had been driven from
6l7s to 49S, rallied in spite of all opposition to so
and closed there. There was, nevertheless, very
pretty 'mill" between the bull and bear factions
while these differences being made, the bears
striking out from the shoulder with their
''Seller SlXtieS ana the DulS cOuntcrnR Dy Tree
purchases of the same. 1t is estimated that
10 900 shares put out by the bears in the
shape of these time contracts Between endeavoring
to shove up Western Union and shove down the
thracte fancy the day spent. and around either
the other clustered the largest dealings the
keenest interest and the most lively fluctuations of
the session. Although, as between the rise in the
and the fall in the other of these two stocks,
there resulted, to speak, drawn battle. there
lack of killed and wounded expressed by the
roster Of the rest of the list. Pretty much every
thing suffered to the extent of to per cent. Even
blockade in January is said to have earned since the
beginning of the year least per clean and
clear account OF it's next dividend. lost point in
the days work. So did the preferred grangers
much and the common stocks even more. So did
Michigan Central New Jersey Central and several
market to be hilarious over, unless born
bear Jay Gould, with congenital antipathies to
all progress and prosperity. Erie remained steady,
and intimatons given to an immediate ad-
vance. These possibly founded the fact that
the Atlantic and Great Western bond and stock
holders met in London to-day and by large major
ity voted to lease their property to the Erie road.
While in some cases closing prices were the lowest
Ones in most instances a fractional Improvement
was secured at the end.
The opening, highest lowest and closing prices Of
stocks at the New York Stock Exchange to-day
as follows:-