The New York herald., 1874-10-08
Quiet Restored in Wall Street and a
Slightly Improved Condition.
NO RAIDS YESTERDAY.
The Redemption of Bank Notes
Soon To Be Re esumed.
GOLD STEADY-MONEY UNCHANGED
WALL STRRET.


WEDNESDAY. Oct. 7-6 p. M.
mo stock market to-day was quiet, ana drited
along undisturbed by even less than the usual
number OF rumors. Operators who were demoral-
lied by the sudden and sharp decline and the vi0-
lence OF the attack OF yesterday recovered their
tone and courage, and the process OF speculation
Indicated no greater change than that which at
taches to extreme caution. Prices generally
opened at the closing figures OF last night, and in
exceptional instances tribe better. From these
points there was q perceptible improvement
throughout the day, save in Erie, which lost Il
per cent No bearisn feeling was at any time ap-
parent or found expression in the sales at the
board. The disposition seemed to be to let
THE MARKET
take care OF ITSELF at least for the present. and 1t
was intlmated by more than one person familiar
with the AFFAIRS OF the street that there was safety
In this inactivity, nasmuch as the experiment Of
yesterday had demonstrated q feverishness which
It would not be wise TO aggravate. Whether this
power to depress prices will continue to hang over
the Stock Exchange. and whether 1t Is based, as is
claimed by many, on an outside commercial sltua-
ton inconsistent with the buoyancy OF the stock
market s question that can only be arswere
by future events. The bulls feel encouraged by the
very palpable fact that when the market is let
alone good buying process IS developed, which
enables them to relnquish their stocks at fairly
remunerative profit, while every blow like that OF
yesterday tends to impair the confidence OF out
side buyers. frghten them from the street. destroy
the chief source of profit and leave the principals
In the speculation to 1ght out the battle alone or
abandon the struggle altogether. Such, however.
are the common experiences OF Wall street, and it
looks very much as If we were to witness oscil-
lating market lor weeks to come.
REPORTED FAILURES.
Near the close OF the market and before the in
nuence could be felt on prices, II 1t should be felt
ct all, reports were renewed concerning the
failure OF two dry goods houses in this city and
one in San Francisco the aggregate Of liabilities
being placed az 81, 200, 900.
INVESTMENT SHARES
were quiet. Delaware, Lackawanna and Western
sold at 1861, Morris and Essex at ok. Chicago
and Alton at 9s and PltrsDurg at S7K. New York
and New haven was quoted at 1873 to 1856, Chicago,
Burlington and Quincy at 1919 to 1921; Dubuque
and Sioux City at So to 5s, Harlem at 12s to l2sh,
Port Wayne at COX to ok. Cleveland. Columbus.
Cincinnati and Indianapolis at SO to SO, and Pan
anna at ITO to Ill. Chicago and Alton preferred
was bid for at 102H Delaware and Hudson Canal
1t ll5, New Jersey at 2s and Pennsylvania Coal at
N0. Michigan Central was offered at 1874 After
the call Panama sold at HOY. Fort Wayne ad-
vanced from ok to OK, and small lots Of New
York and New Haven brought la3 1881.
GAINS AND LOSSES.
The following are the gains and losses in stocks
as compared with the closing figures Of last night
and to-night:-
LossEs.-Erie Y per cent gold, y.
GAlNs-Atlantic and Pacific preferred ! per
cent; New YORK Central, u; O., q. and l. c., y;
Hannibal and ST. Joseph "a; Harlem, x; Lake
Shore u; Northwest, IN; Ohio and Mississippi.
III Pacific Mall y; aoeS s;sd Islana 4; ST. Paul, =;
THE RANGE OF PRICES.
stocks showed firm undertone from the begin
ming, and, although attended py the usual nuctua.
tions, improved with but o single exception, that
OF Erie, which yielded to sympathy with the
foreign market. The sales were not so great as
Yesterday and indicate the dulness OF the market.
The extreme range OF prices and the number Of
shares sold are as fOllOWS:-