The New York herald., 1879-02-13
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Lower.
Government Bonds Quiet States Strong
and Railroads Higher
Money on Call Easy at 1-2
Per Cent.
WALL STREET,

wEDNEsDAY, Feb 12-6 p M
Az was advised by Mrs. Chicks (who may be re-
membered the sister Of the immortal Dombeyl.
Mr.. Gould made effort on the market to-day,
and 1t is pretty certain that Mr. Vanderbilt did
likewise. This effort was directed to selling Lake
Shore freely and the result to reduce the price
by about one and one-half per cent. In . sympa-
thec way 1t did more for 1t carried tho rest of the
list down with it, powerful is the force Of bad
example. BY somo hook or by crook the fortunes Of
Lake Shore were mixed up with those of Erie Given
the ingredients of popular beverage, and scarcely
board broker would fail of recipe for their proper
incorporation. Given the interests of these two rail-
roads 70 mix into stimulant Of business, a. they
were given, and scarcely broker knew why
they were mixed or why they affected the
market. The solution lies this wise:Shortly after
midday telegram from London announced that the
propositions offered by President Jewet Of the Eric
road for lease Of the Atlantic and Great Western
limo. had boen accepted by the latter company. with
the stipulation that the former corporation should
guarantee the interest upon 81 Of the Atlantic
and Great Western bonds and share and share alike
In the earnings of the latter ne It quite possible
that such lease has been made. though the guaran
tee item is more than probemattcal. The immediate
effect however, OF tho news to advance Eric and
depress Lake Shore, under some vague notion that
serious opposition would be developed antagonistic
10 tho latter property Except that the control by Erie
Of Atlantic and Great Western may possibly cheaper
treights fraction It is dificuit TO see how tho
existing tuation is altered. since the Erie connec
hons arc now made and have been made for long
time back over the Atlantic and Great Western and
Fort Wayne roads into Chicago and are not hkcly to
be benefited or injured, lease or no lease Tho no
port was sufficient however, to invite extensive sales
Lake Shore either upon the part Of Mr. Vanderbilt
(which seems probable from the magnitude Of the
orders) or from Mr. Gould. from pure cantankerous-
ness and keen appreciation Of the situstion. At
any rate the lease If there be any truth in it, does
not appear to offer any greater competition with the
Lake Shore road than has existed heretofore 1t is
quito possible that the whole matter is put up
Job in the McHenry interest, and with an
sye solely to speculation. With the rest Of
the market the grangers inclined 10
weakness, though the btc noir Of 80 freight reduc
Hon' bill to-day referred back by the Wisconsin
Legislature to the Railroad Committee with q recon-
mendstion to indefinitely postpone the same. Tho
preferred stockholders 0f the Quicksilver Mining
Company have for tho fourth time obtained ver-
dict in their favor through tho decision Of Judge
Dykman sitting In the Supreme Court. in Brooklyn.
Anal will be had to the Court of Appeals.
when this much vexed matter viii be settled good
and ALL The company is stated to be In excellent
condition. owing but $275ooo Of its old bonded debt
and having surplus Of nearly 100000 hand
and free from hosting debt.
The opening. highest, lowest and closing prices Of
ytocks at tho New York Stock Exchange were fol-