The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-22
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Strong.
Government Bonds Firm, States Steady
and Railroads Strong.
Money on Call Easy at 1 1-2 a
2 1-2 Per Cent.
WALL STREET.
TUESDAY. Jan. 21-6 p. NJ.

TUESDAY, Jan. 2l-6 r. NJ
The stock market in its present humor may be
likened to that NEUROLOGICAL hero who. having been
tipped over by blow straight from the shoulder
gained fresh vigor the moment he touched mother
sarth and upon his pins again before one could
say Jack Robinson" Something OF this same pros
traton at first and of speedy recovery aferward was
characteristic of todays business. The sudden de-
cline Of yesterday afternoon in the language of
tho p. r., undoubtedly ga staggercr;" but when 1t
became known, as it this morning. that the de-
preston due to the sale of $1,000 shares of
Northwestern preferred by the Osborn party and of
some H. 900 shares of the stock by the tarc
of Exchange court simply to realize profits.
but without any idea Of forcing the pool TO the
extremity of universal and eternal "smash,"
the market took heart, advanced its quotations
and closed up at the end Of the session with nearly
complete recovery from the depression of the previous
day. The rally chiefly noticeable in those stocks
which had been subjected to the toughest treatment
of the day before Hence the Northwesterns the st.
paus and tho coal carriers made the pluckiest fight
for higher figures of all the active list and during
period of the day did the holders of the exhibit
any disposition to throw up the sponge acknowl-
edge themselves beaten in their struggle for better
prices because of any recreancy upon the part of
their ooreres In the of both the grangers and
the anthracites there something beyond mere
speculation to stimulate holders to Ego in and win.
kilograms from the West describe the business
of the Northwestern road something
traordinary. while the reports from the Della
and Lackawanna Company and the Lehgh
Valley road lin the first rumored, in the second ex
pressed) far favorable than looked for.
In the of the Delaware it is stated that
their report for the year will show asurplus of
after paying fixed charges and current expenses;
in the of the Lehgh Valley Railroad have,
under officially published figures. that the sum of
S5T20 81 will be carried to the credit of the profit and
loss account the net gain Of the years work. The
latter company, however rather dampen this respect
able showing by contrasting that 1.-The increased price
for coal advance In rates Of transportation have
not compensated for diminished tonnage" There
to-day yawn. waking up to activity and stretch
ing toward higher prices of both of those chronic
sluggards, Erie and Ohios. An advance of Il to per
cent rewarded their efforts. News from
Washington that certain parties. supposed to repre-
sent tho old Syndicate treating with Secretary
Sherman to ths terms of q contract which will
able them to offer the four per cent bonds for sale
Europe. large amount Of the issue Of 1867 is held
abroad and it is considered Of advantage that the
exchange. necessitated by calling of these bonds,
should be made where the holders reside
The highest and lowest prices of stocks at the New
York Stock Exchano 90 TODAY were follows.-