The New York herald., 1879-02-27
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Feverish.
Government Bonds Steady, States DuI
and Railroads Irregular
MONEY ON CALL 3 l.2 A "A 5 PER CENT.
WALL STREET.

"WEDNESDAY, Feb. 26-6 r M.
II IL open secret now that the great eide
want bull operators have broken the pipe of peace.
have ranged themselves in hostile camp and are
ready to go at each other tooth and nail. The war
fare commenced indeed this morning and spread
from offices whore daggers were spoken If not used to
the more legitimate battle field of the Board Room.
hours were dull and spiritess neither
tho bull nor the bear party being demonstrative.
This may have arisen from the fact that plans
not formed or that several prominent spectators
hors combat by of Illness 1t would be
q curious circumstance If the epidemic now desolat
ing the rural and vaccine village Of Blissville
should have infected the herd of Broad street bulls.
After haltng between two opinions 1t were, until
after MONDAY. with neither bull nor bear gaining
the advantage the market was suddenly attacked by
the former party with great vehemence. and prices
were quickly knocked into that traditional cooked
hat" which is usually expressive of very bad state
of things indeed Prices which had been stiffened up
materially from the early morning decline, went
down by the run, and q general thing the lowest
prices Of the day ruled at the Close The chief suf
ferers were New Jersey Central. Northwest common.
Delaware and Lackawanna. Erie and St. Paul COM
mon, the decline ranging anywhere between z and
per cent. The demonstration was principally di-
rected against what are known as the "Keene
stocks" or such securities this gentleman
is presumed to be interested in, while the
"vanderbts" with the exception Of Western
Union) were left unmolested. Undoubtedly, the
bears considered that the widest chnk in the bull
armor lay in this direction, and determined
shave at it" outrance. Matters in general way
favored the attacking party. The New Jersey Gen.
trail report was on the whole regarded unsatis-
factory and large sales both Of long and short stock
werc the and these infected other stocks
as we'll. The coal sale Of the Delaware and Lacka-
wanna Company showed an average for all kinds of
coal of 50 ass. per ton, against So 50h obtained
month ago-a trivial decline, it is true, but still
decline and that in the face Of the promises of an
advance which the street has been freely treated
with by the bulls in the stock. Western Union
was particularly sensitive. selling from 1O32i
1929 103A and down again at the end
to 1929. Information not entirely disconnected
with ''melon cutting set off to any injury that
may be done by Congress- is impaired at low breath
and has created very formidable sustaining power
to the stock. The market had weak look at the
end which may mean temporarily lower prices.
There is no reason depart from the opinion, how
ever. that the present is bull year. and that the
most money will be made upon the long side of the
count Having "had it out" in the shape Of lively
squabble the bulls and bears will probably kiss and
make friends, and turn to to organize q fresh up
ward movement, which, indeed, ia the only one that
promises any real success
The opening highest and lowest price sof stocks at
the New York Stock Exchange to-day were as fol-