The New York herald., 1879-10-24
FINANCIAL and COMMERCIAL.
Increased Dealings and Higher
Prices in Stocks.
MONEY CLOSES STRINGENT.
Bonds of All Glasses Fairly Ac-
tive and Strong.
WALL STREET.
THURSDAY. Oct. 23-6 T.. M.

THURSDAY. Oct. 23-6 r. M.
To record the history Of to-day's stock market is
simply to take out page from yesterday book.
There the rearing. tearing speculation the
same absorption Of everything offered for sale at
selors' prices and the indifference to the day
Of reckoning. which is later to come.
How soon or how late. in this phenomenal market,
1t passes the comprehension of the most astute
speculaor to surmise. the only certainty being that
the longer reaction is postponed tho more disas-
trous the fall will be when it comes. There was no
sign of fall to-day. and apparently as little chance
Of one when Mother Eve. unconscious of conse-
quences. hirted with the 'Old Boy in the Garden
Of Eden. The Kansas stocks were better. Erie was
better-in fact, everything better Best OF
all in the shape OF sudden ana ex-
traordinary advance some stocks whose
claim to place upon the stock list had been almost
forgotten Among these were New Jersey Southern,
which advanced from $4 so 81 25, and Spruce Hill
ldimly remembered by the Rip Van Wrinkles of the
Board as q posthumous coal stock), which rose
from fifty cents per share to something over
seven dollars With these and other speculative
.stiffs in greater less state of decomposition.
brought into notice by stock gambling resurrection
sts the Board room is being converted into fnan-
cial morgue. which only requires the introduction
Of such corpses Parker Vein. "Ashburton Coal,
walkill Lead" and others of that ilk to convert
stocks and c.. G. and l. Co. the two Deswares Morris
and Essex and New Jersey Central among the
most prominent stocks. The cheerfulness which
the revival OF the anthracite coal trade has impaired
to these properties has permeated the bitumipous
stocks well. Consolidation Coal, which sold at
80 week back, changed hands at AZ yesterday and
lowered ut about 40 to-day. The New Central Coal
Company. Of Maryland. quoted within few days
back at 35. advanced to 3914 to-day AS this stock
little known in a speculative way) is likely to,be-
active under the attention which is being lent
coal properties the following items concerning it
may prove of interest :-During the entire depres-
sion it has paid dividends equal to per cent upon
the market value of $35 per share, and it is
pected that these be doubled in the future
through the advance in tho price of the product
We are informed that there no fixed charges
and no floating debt, and that constant
market is afforded for the output Of tho
company by the Central and Hudson. Har
lem. Cunard and White Star lines Of railroads and
steamers The bonds and stock of the Burlington,
Cedar Rapids and Northern Railroad have lately
hung fire. to speak, and the sluggishness was part
ally attributable to the suit which the estate of Henry
Clews g. Co. had brought against the company. We
learn oficially this afternoon, that the demurrer
In the has been sustained and the bill dismissed
from court" 1t would appear. therefore. that an
important obstacle against advance Of the COM
pany's securities has been removed The railroad
bond market continued to be lively with large trans
actions in the iron Mountain second incomes. Kan
sas and Texas seconds and the c., c. and c. issues
all at advancing prices. There was further large
advance in Manhattan Elevated Railway. consider
able one in Erie and c.. c. and c. and Pacific Mail
and better figures generally for the whole list. AS
has happened for several days past the usual tight
money, wet blanket business encountered
in the afternoon. and under the pressure decline
ranging from u to per cent was suffered by the
share market. Money continued stringent to the
end and under its influence the stock market closed
heavy irregular and somewhat below the best prices
OF tho day. In the Mining Board business was
active with the largest transactions in Tuscarora
from SO to g. Leadvle from SO As to So 50 and in
the California stocks at improved figures
Total sales at tho regular Stock Exchange
$50 400 shares. Following is epitome Of the days
business:-