The sun., 1873-01-27
FINANCIAL AND COMMERCIAL.

SATURDAY, Jan. 25-P. M.-The excite
ment at the Stock Exchange to-day was nateri-
ally lessened and l3S,4l3 shares covered the en-
tire transactions Of the day. Erie and Union
Pacific were the strongest stocks on the list dur
Ing the morning hours, the other leading shares
having submitted to a decline OF not over \ y
cent, with very little disposition on the part OF
spectators TO operate. Rock Island, Lake
Shore, New York Central and Ohlos were also
at times noticeable, but there nothing
specially worthy OF comment in the morning
trade. Between l and p. NJ, however, busl-
ness became brisk, and the general market rallied
from \ to y o cent, though subsequent to the
call prices again reoedod about equivalent TO the
advance. There has been throughout the day
very little speculative feeling, and general In
disposition to operate was predominant. In ex-
ception, however, we may add that sudden
movement was started about 2P. NJ. In Atlantic
and Pacific preferred, which quickly ran up from
% In the morning TO 35 buyer 3, but afterward
receded to a31s, closing at "a. This sharp move
ment was due 20 the announcement that
the President OF Pacific Mail, Mr.. Stockwell, had
to-day been elected President OF this road,
whlchhas been consolidated with the Pacific
road Of Missouri. This latter road was more
active yesterday at decline from ooH 70 bIS,
though o-day, In sympathy with Atlantic and
Pacific, rallied TO sos, but afterward dropped to
80, seller 3, at the close ST. Paul common ad-
yanced / = cent. from 5s4 to 5iS, and the pre-
ferred to TO- These stocks, with O., O. and ]. G.
at ~ closed, at the best prices of the day
Boston, Hartford and Erie shares were
| qalet, and the changes nominal. The
excitement of yesterday has partially
ceased, and operators seem disposed To
await further developments. We under
stand that the suit OF The Erie Hallway Com
pany is not suit OF foreclosure, hut was brought
| In order to secure preferred lien. The Berdell
mortgages were Issued, as Is wen known, to se-
cure $90OO0,00O Of bonds, and Of these bonds the
| Erie Company guaranteed, II Is reported, only
| the interest not the principal, on s5,0DO0O. Tho
| Erie Company, we are Informed, has not paid
| this guaranteed interest except on a portion
| OF the bonds, and suits are now pending
against that company for this interest. II h.
| however, probable that some practical solution
| OF this aud other questions respecting boston
| Hartford and Erie will be arrived at before
many days.
| The gold market has been less active at the
| close OF the week, but the upward speculation
shows no lack of courage In sustaining the price
| In the vicinity OF ia, the preponderance of bust
| ness being at iiiall4k, and the range il3k9llh
There no new reasons to be adduced n support Of
the advance, and glance at our foreign commerce II
the following paragraph VIII rtnect the natural niu
enees favong rise On gold loans the rates paid 10
having balances carried over were o. D. ~, nat
| and S per cent. The Assistant Treasurer today re
deemed $500 In called bonds, and dishursed tlto II
CON interest en- the public debt, The total clearance
~ no G"ll PITht htLge nnnl Wprc tWhllhl: co'd bal