Year: 1879

TUESDAY, Oct. 21--6 r. NJ.


Forgetfulness of the past seems to bo the partcu-
lar characteristic OF stock brokers. The pause In
last weeks transactions, the ugly look Of the money
market and the evident fact that very large per-
centage Of stocks actively dealt in had been hoisted
to q ridiculous and dangerous height seem to have
been entirely forgotten. At least one would judge
from the upward burst which was given to the
market this morning. Stocks that declined, or even
failed to hold their own as scarce as winning
tickets in lottery and those that went up were as
plentiful the proverbial blackberry. In word
there was a general advance-feebly marked in some
cases. more strongly marked in others and thor
oughly pronounced in the rest ot the list. There
was no telling where prices might not have been
carried to, had not that bee moire of tight money
market souscd tho advance with tho cold water of
stringent rates and an inadequate supply. After
midday sharp demand for loanable funds set in,
and as the price of money went up, the prices OF
stocks went down. The share market fell of from
u to per cent and the money market advanced to
per cent interest, plus shave of thirty-second.
Naturally. artifciany applied the of the
money market seem to be the only engines powerful
enough to check the existing disposition. which. in
the strongest manner. shows itself resistant to
fall, persistent in rise and generally regardless Of
all bearish notions of every kind whatever Before
tho flood tide of the morning was damned
up by the tight money market Of tho
afternoon pretty much all the actves of tho
list got lift toward higher prices There
handsome advance in the two Delawares and New
Jersey Central on improved coal prospects; in Erie.
partly because tho street adheres to tho belief that
Vanderbilt has obtained the whip hand Of the prop
erty and partly because quasi coal road (Ar.
Jewett having testified before tho Legislative Com
mittee that 465s per cent of the roads
due to this source it should deservedly benefit by
the Improvement in the coal trade. and in Kansas
and Texas, which, both tho way of stocks and
bonds. found liberal buyers among the Osborn con-
tingent In other stocks there was plentiful
amount Of inequality Most of them higher in
the morning and most of them lowerin the afternoon
Floated as they were upon the condition of the
money market they had their rise and fall
the tide of loanable funds ebbed flowed.
At the close the market appeared to be futtering
about the point of seadiness but not decided enough
to make landing. Money close to the end and
most brokers went homo to chew the cud of refec-
tion before deciding as to whether tho bull side
the bear side the safe in the immediate f,-
ture. The mining market has been very active to-
steady and weak. Among the former be classed
Leadvlle. Bodie, Tioga Hukill. Findley. Rappahan-
ock and Martin White. In the second class, Calfor-
nia Consolidated Virginia. Imperial, Lacrosse and
Dahlonega. and in the third class, Moose Buckeye,
Gold Placer and Belle Isle. Accounts from the Con-
sondated Pacific Mine report that the average assay
Of ore ut bott ON OF shaft shows yield of SS4 per
ton.


Total sales at the Board were sos 45O shares
Following is an opitome Of the transactions: