The New York herald., 1874-11-19
Stocks F'luctuating and
Feverish.
GOLD STEADY AT Ill Is
A Further Advance Expected Be-
cause OF Shipments.
MONEY 5 I-2 A 4 PER CENT.
Bonds Generally Firm, with Mod
crate Demand.
WALL STREET,


WEDNESDAY, Nov. 1s-6 p. N.
II the opening OF the stock market to-day prices
assumed lower tone, the decline ranging rom
TO IL per cent Later, however, more strength
was manifested, but without recovery TO recently
quoted figures. At the close stocks were weak.
Spectators are looking around for causes on
which TO maintain bull movement, but they are
met by many facts that discourage the attempt
The great feature OF the day was Lake Shore, OF
which o., 900 shares changed hands Yet in the
face OF this extraordinary business IL will be seen
that 1t advanced only 4 per cent on its opening
pnce, which was 81, and at the close tumbled
down 10 S0A. The incident indicates both the
character of the market and the difficulty with
which the are favorite is sustained. The question
now asked s whether II II houid break 1t Will not
sympatheti ticay AFFECT other stocks. II so its mis-
fortune may prove to be the beginning OF a
general bear movement. II must be said, how
ever, that for the moment the cheaper lines OF
securities are commanding attention: and that
they show a disposition to cut loose from their
higher priced sisters Northwest common, ONO
and Mississippi, Sc. Paul, Union Pacific and Wa
bash innstrare this fact in the dealings to-day
Controlled, however as these shares are by
cliques and easily Influenced as they may be by
near events, IL is question that the outside in-
vestor must determine for himself whether any
speculative security offered the list is at thus
moment worth holding for large rise, or whether
those who have purchased at lower figures are not
making q market through which to sweep their
drag-net and take in profits.
THE COURSE OF THE MARKET
was as iolows:-Western Union opened at sot4
advanced 4, receded to so and closed at sos.
Central commenced at 1917, touched 1o2 and fell
on 81 the close TO 1ol 4. Pacific Mail weakened
from ASS TO Az, with an ending at the opening
ngures. Union Pacific sold at 351 368 and at
the close 80. Lake Shore began at 81, dropped of
20 SO, recovered to SIX and closed at sOss. Ohio
and MISSISSIPPI advanced from 311 to 32b and
closed at 3l7s. Atlantic and Pacific preferred was
sold at 15Z 16a Erie sold at 297s 295 a 2Sa4,
closing at 2sz. Rock Island at l00H q 100x q
lO0. 10014. Pacific OF Missouri at 47R q As q Al.
Northwestern preferred at 59< 6O4 59H.
Northwest common at Az 427f, with close at
A. st. Paul common moved from 38X to 3Tk, but
closed at 36Ts. wabash ranged from 3lA at the
openrgto 3I7s, thence downwards to Bin, with
close at 311. Iron Mountain sold at 23 23A a 20.
THE SALES
Of the day amount to 260, 900 shares which may be
divided among the active stocks as follows:-New
York Central and Hudson, 5,4o0; Erie, 4,soo; Lake
shore 81 100; Northwestern, 81, 900; Northwestern
preferred, 1000; Rock Island, 4,1oo Pacific Mail,
10 500: st. Paul, l3,4Oo; st. Paul preferred 800;
Ohios $4,000; Western Union, 22,soo Wabash.
"a 100; Union Pacific, 2s5oo; c., G. and l. G., 800
Missouri Pacinc, l,5oo.
OPENING, HIGHEST AND LOWEST.
The following table shows the opening, highest
cafY Ybo dav