New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-18
ALL QUIET IN WALL STREET.
BETTER FEELING IN THE STOCK MARKET.
no FAILURES AND NO TRoUBLE-A TENDENCY TO-
WARD HIGHER PPICES.

no FAILURES AND NO TRoUBLE-A TENDENCY TO-
WARD HIGHER Prices.
There was nothing in the appearance of Wall
Street or the conduct Of Wal-Street men, yester-
day. to distinguish the day from any other. The
activity and earnestness which always characterize
il were perceptible every side but they were
not impeded by idle curiosity. The customary
business was transacted more readily and promptly
because its channels were not clOgged. The Stock
Exchange not specially point OF attraction.
except to those whose business was on the floor.
Strangers, as usual, stopped TO look at the Sub
Treasury, in blissful ignorance that their
backs were turned to the Stock Exchange,
and bright eyes grew larger at tho
fabulous accounts of the wealth store in the Sub
Treasury vaults. The statue of Washington stand
ing the steps admired, but the busy place
toward which the great Presidents gaze is directed
was not noticed
There were many rumOrs floating about the Ex-
change during the morning hours They were in-
definite and vague. No could explain his fears
for he was not certain that he had any reason for
fear Business had begun, however, and conse-
quently something was sure TO take place. Ihe
fears were groundless and the day passed with
out single important announcement In
deed the lack Of stirring incidents made the
day seem duller than usual. The rumors which
The stock market opened active and strong at
general advance from the closing prices on the day
before The dread OF something unknown de-
pressed prices for several hours, but time passed
without its being realized the market became hrso
less active then dull and steady, and finally strong
The delivery hour was again greeted with cheers
and letter from the president of the United states
Express Company, which was read from the ros-
trum, was received with quiet amusement. Tho
business in the company's stock amounted 10 260
shares-l6 at 3d. 80 at 49l2 and 200 at 4j. In tho
last hour there no sales OF it. but at 10 tho
stock closed 3 per cent lower than on Friday. The
decline was merely an incident in the speculation,
remarkable only because it was exceptional.
The market was slightly more active than on the
previous dav. The final prices again showed
material gains In spite of the early depression. The
coal shares were weak, and Reading, after opening
in sympathy with the general market, fell from "a
to 293, and closed at 32l2-a final decline OF per
cent. Louisville and Nashville was a second eIcep-
ton to the rule in the active stocks. lt opened
unchanged but advancing tho fraction to 3oA.
declined steadily until in the last hour it touched
81 1t rallied in tie late dealings to "a. St. Paul
asagan the most active stock, and after declining
to 695s 1t rose per cent Western Union was con-
spicuousy strong and after fractional declin to
547s rose to 576s and closed at the highest po int.
Lake Shore was steadier than on Friday and at 50
was per cent higher. New-York Central opened
So higher at a and its first price was the lowest
1t touched ia, but yielding 1 per cent still
closed 2as per cent higher than on the previous
day
The general course of the market in the afternoon
was toward a higher range of prices. and although
the last figures were not the best material adj
vance was established. There was an unusual de-
mand for stocks in small parcels
The Loan Committee Of the Clearing House yes
terday continued its labors in connection with the
issue of loan certificates The amount issned to the
banks was 81 OOO, 900, making about S1O,OOO,OOV
| issued in the last three days.