The New York herald., 1874-09-10
FINANCIAL and COMMERCIAL
A Fairly Active Stock Market
Yesterday.
GOLD, 100 3-4 A 100 7-S.
Foreign Exchange Again
Marked Down.
WALL STREET.
WEDNESDAY, Sept. 9-6 j.. M,


Next to the movement OF produce TO the sea-
board and hence to Europe in innue ncing the
financial situation Is the distrioutign OF manu-
factured goods to the interior. 1t mas been
already pointed out here how'rne export move
nent stimulated BY higher prices abroad, wouid
quickly relieve US OF our temporary emparrass-
ments II continued without interruption. io-oay
advices from Liverpool being yesterdays uarAe''
showed q continued firm feeling, Win Ianofni@
average wheat los I'd. and los. Co., oeins al
advance OF Sd. Club los. Cd u.s. oo-' al
advance OF %. simultaneously Win this
stimulation OF export Tade we nave
the multiplying evidence OF an increasing dehand
West for Eastern manufactured goods. Our rail-
rooas and other shipping lines have for over q
wees now found increased employment in carry
,no invoices westward, and generally hopeful
feeling Is the consequence in nearly all trade
circles Fortunately just at this time, both for our
internal as well as external trade, we have the
following
EXPLANATION
of the alarming scare to which the Treasury De-
partment lent itself yesterday, and which at one
time threatened consequences 1t is quite certain
the officials involved never fully contemplated.
A virtual blockade Of some OF our lead
ing cotton ports is not matter TO be
lightly considered just now. The later
advices say:-''The statement telegraphed hence
Yesterday to the effect certain southern ports
are infected with yellow fever was made on the
authority OF the Assistant Secretary OF the Treas
ury Conant. The Supervising surgeon OF Marine
Hospital to-day denies the existence OF yellow
lever IN any Southern port but, on the contrary,
says they are exceptionally healthy. He states
that vessels from the West Indies have been ar
irving injected with yellow fever, some or which
lost an entire crew, and that the action OF the
Secretary in issuing mis- circular enforcing uuaran-
tine laws was only precautionary measure" In
further connection with these
WASHINGTON ADvICEs
it NAV be added that the Commissioner of Inter-
nal Revenue in his latest circular has stated That
the receipts from agents throughout the country
snow a general improvement and resumption OF
business and the expectation is that the receipts
this month will exceed those for the same month
last year. He also speaks hopefully of the general
outlook.
opened at an Improvement OF q to a per cent as
compared with yesterdays closing prices, but
quickly went of "a TO = per cent IN the early
dealings. AT the first board the speculative pur-
pose was more bush and prices advanced u TO
IL per cent, the principal dealings being in New
York Central, Western Union, Union Pacific Lake
Shore, Rock Island. wabash and Pacific Mail. Just
at the second call the highest prices were gener-
ally current. The New York Central directors this
afternoon declared semi-annual dividend OF
per cent payable October Is. 1t was ordered that
the dividends be paid quarterly hereafter. This
would prove a great convenience TO investors,
and no doubt improve the value OF New York Gen.
trail as an investment. The transfer books for the
present dividend will close September H. and will
be reopened October 20.
Stocks after the second call went or = to y per
cent, but during the last hour OF business were
less active, prices reactlng q to g per cent from
the highest prices OF the day. The early improve
ment ranged from 4 to 11s per cent and the
decline at the close the result OF realzations.
The principal dealings were in the shares already
mentioned, and although stocks went on at the
close the significance OF the action OF New York
Central, in respect to Its dividends, was felt
challenge 10 the bears. Lake Shore was naturally
strengthened thereby, much TO the discourage
nent OF those who have been endeavorng to sap
that stock a leading position in the market.
The total sales OF the day were 126,300 shares dis
tributed as shown In the following table, which
also gives
THE HIGHEST AND LOWEST PRICES.