The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-17
Stocks Firm and Better Feeling
Among Buyers.
GOLD STEADY AT ITO.
Money Abundant at 2 and Per Cent Mil
lions Waiting for Investment.
Government and Railroad Bonds
~, Steady.
WALL STREET.

VIZ
Beyond the statement that the Stock Exchange
exhibits nrmness 10 the dealings OF to-day there IS
little to be said descriptive OF the general situa-
ton. II is not market which invites outside
buyers Comparatively few nave put in an APP
pearance. The local Operators-those who sit in
on1ces and watch the ticking OF the telegraph
along the tapes-seem to be content with quick re-
turns and small profits. Those who were familiar
to the locality in old times. who bought or sold
ana rested" for an advance or de-
cline OF I'VE, eight or ten per cent,
nave apparently changed their tactics; hence
we see market that hnds limit in rapid
ana sharp reactions. Tomorrow 1t may be strong
because the temper OF the street will run that
way; on Tuesday or Wednesday It viii show cor
responding weakness; yet no man can assign
reason for the course OF prices In either direction
The immediate undertone Is without logic. The
spotnts" OF the street unreliable, and the best
thinkers and boldest operators, without good
financial backing, are unwilling to make large
ventures or engage in speculatlOns the results 0r
which only eliminate far away. Political changes
possibilities OF railroad reform, unsettled ques-
tons between capital and labor, ignorance
concerning railroad reports, the crop movements,
the commercial influences or the West and South,
upon which 80 much depends, the purposes and
plans ofmanufacturers-aIl these subjects are part
OF situation not yet understood or determined,
and not until basis OF future work Is established
can Judgment be formed with reference to the
financial future or satisfactory survey be made.
THE MARKET
to-day was comparatively strong, and at the close
the highest quotations were recorded. The opening
was made at an advance Of from 4 to X per cent
on yesterdays prices. Decline followed, after
which there was more or less Of Improvement and
an indication OF change from the recent predomt
nant feeling Of the street. The principal activity
was shown In Western Union. Lake Shore Union
Pacinc Pacific Mail. Wabash, Northwest and Rock
Island. The principal advance was made in Erie.
which strongly sympathized with the other side,
where, as will be seen else here the improve.
ment was sharply marked.
THE SALES
amounted to about 10, 600 shares, and among the
principal stocks were distributed as follows:-New
York Central and Hudson, 975; Erie, 47,1O0; Lake
Shore, $4,000; Northwestern, 5000; Rock Island,
1900; Pacific MAIL 5000; st. Paul, $500; Ohios,
6.ooo Western Union, A., 100; Wabash, $500; Union
Pacinc r. 500; G., @. and !. c., 100; Boston, Hart
ford and Erie, 400 shares
THE MONEY MARKET
Money was easy as usual at TX and 8 per cent
for call loans. Paper remains unchanged. For
efgn exchange was strong and higher with an
improved demand. The leading bankers advanced
their rates to 4.s41 ASK for 90 days sterling,
and 4.S8 4ss1< for demand. Commercial bills
are 1rm at As2 a 4.S4.
DRY GOODS IMPORTS.
The total imports OF foreign dry goods at this
port for the week ending to-day we're $1,7OS,SIl,
and the amount marketed 81, S5S. 094. The imports
for the corresponding week OF last year were
$l.oOl,637, and for 1872, $1,730.71O
HIGHEST AND LOWEST PRICES.
The following table shows the opening highest
an n ia dav