The New York herald., 1874-09-16
FINANCIAL And COMMERCIAL
The Great Granger Decision
at Last.
Responsive Resistance of the
Stock Market.
GOLD ADVANCES TO 100 7-o.
WALL STREET.

TUESDAY, Sept 15-S Pm
the events OF the day on Wall street were full OF
significance, and might call Tor extended comment
here in connection with their relation Co the anan
cia situation II 1t were not that this very signlf
cance requires an extended record OF facts else
where and necessarily leaves the judgment OF their
bearing upon values TO the current reader. First
We had
THE NEW ORLEANS EXCITEMENT
an eraease In the streets OF that city with the IA
mlliar Parislan demonstration OF barricades, o
deposition of the existing government amour ting
TO coup det1t and the flight OF the deposed to the
shelter OF United States Dayonets. Then
THE PRESIDENTS PROCLAMATION,
possibly non-committal and the uncertainty as to
what may follow. Sutplementlng this, Wall street
received
THE DECISION IN THE WISCONSIN RAILWAY CASES,
bne long expected, much discussed granger
struggle. The decision as reported to the street
Is TO the following effect:-IDJunctIon granted and
covers all lines OF Northwest and St. Paul roads,
but exempts from Injunction that part OF Milwau-
kee and ST. Paul Railroad from Milwaukee TO
Pralrle du Chen, known as the Prairie du Chen
roao because charter was granted by Territorial
Legislature and therefore does not come under
State law. Court gives railroads until the first of
October to comply with law.
Again we have had
THE REPORT OF THE PENNSYLVANIA RAILROAD
COMPANY.
glowing exhibit OF the prosperous condition OF
that road, calculated to advance not only Its
credit but that OF all leased lines. The figures Will
be found below.
were active and strong with a further advance in
prices. The Improvement ranged from u to IN
per cent and was most marked IN Northwest COM
mon, which rose to 3SH Notwithstanding the FORE
shadowing reports OF the Madison decision. In
this decision, 1t will be observed, an important
link OF the st. Paul road, from Milwaukee to
Prairie du Chen, is exempted from the injunction.
This permits the Milwaukee and st. Paul road to
charge such rates as they please this section,
and II they see 1T to equalze over the whole line
in dividends. Thus st. Paul common rose from
831a to 3ah. In the general list Lake Shore was
very strong and advanced from 1874 to 761s, fol-
lowed by an advance in Union Pacific
to 34ss. Western Union was next IN anima-
tOn and advanced from 79I to SOA. The
other changes were without Importance. At the
second call the market about reached the highest
prices; but later Northwest reacted to 37x and
st. Paul to 33K, IN which decline the general list
sympathized. In the later dealings, effect OF
the decision, the stock market was heavy, and at
the closing hour was weak. Northwest and st.
Paul shares were the leading features, as those
most effected by the decsion-the Iormer going of
to 36H for the common and 55H for the preferred,
and st. Paul common to 325s. Wabash declined u
per cent, and the balance Of the list 4 to x per
cent Towards the close the "tonen OF the market
Improved. and dealings left or with better feel
ting. The total sales to-day aggregated approxi-
matey 1856 4SS shares distributed as shown in the
folio wing table, which also gives