The New York herald., 1874-12-11
FINANCIAL And COMMERCIAL
Stocks Strong and Better Feeling
in the Market.
Gold llO 7.S ard LII ID Further Gains by
the Bank Of England.
Government, State and RaiIroa d
Bonds Steady.
WALL STREET,

THURSDAY. Dec l0-6 4. N.
Wall street to-day mas obeyed another OF the
strange, mysterious Influences which sometimes
suddenly operate upon the market, and make
prices that could not have been anticipated.
stocks have advanced and command higher
dgures Temporarily bullisn feeling has been
established. something has given encouragement
to the majority OF operators, and they seem TO
have taken hold OF stocks to move them upward,
prices at the end showing the effect OF more than
usual animation and q favorable undertone. 1t
remains to be seen, however, whether the recovery
recorded Is the work OF q purpose to put figures
higher or IS only brief nurry caused by specu-
.lators to enable them to continue the process OF
unloading. 1t Is out fair to state that temper
OF the street Is very uneven with reference to the
future OF stocks, and that slight evidences OF
weakness cause quick sales. Those who are
'aong," as well as those who are 'short' OF Stocks
are anxious ana with much anticipation both
parties seek the promptest protection. 1t is this
unsettled view OF the market that has compelled
recent irequent reference in this column, to what
may be best described as "a 1everlsh c0ndirion.n
Unlike Enghshmen or Frenchmen who operate on
their respective Exchanges, and, more or less,
form Judgment rom general commercial facts, the
American jumps at conclusions in q moment
changes his purposes every hour and adapts him.
self to the magnetic influence OF q crowd. A
OF general influences, means nothing more
than personal or Clique manipulation,
and Is not calculated to attract as permanent ad-
herents to one or the other side the large outer
element who IN old times were wont to enter
.Wan street and leave commissions that added
materially to the bank account OF the many
brokers.
THE RANGE OF STOCKS
To-day was as follows :-Western Union advanced
from s2a to s3h, closing at SO; Lake Shore from
80h to S0x, with large sales between these fg-
urea. Northwestern common moved from 46T to
AK and large blocks also changed hands. Pacific
Mail sold At 89X 40H. Erie fell on to 26 early in
the day, but recovered TO 27X the strength being
principally due to the appointment OF q receiver
for the Atlantic and Great Western which practi-
cally relieves the corporation, was SAID to-day
from q heavy incubus rumor also prevailed
that the Grand Opera House had been sold to A.
Z. Stewart. Wabash sold at 30H 80S; Ohio ana
Mississippi at slH 3lk; Rock Island was steady
~ 10lA 1917; Union PACING at 35 85N 35t4
Northwest preferred, closed at 6lH, and St. Pau.
preferred At 57h.
THE SALES.
the transactions to-day amounted TO l49000
shares o large portion OF which were sold just
before the close. The dealings were divided among
the principal stocks as ollows:-New York Central
and Hudson, $40; Erie 90, 100; Lake Shore 22 600;
Northwestern, $500; Northwestern preferred, 200;
Rock Island, 600; Pacific MAIL S3,4o0; st. Paul,
ol0o st. Paul preferred, 300; Ohtos, 5000; West
ern Union, 23,300 Wabash, $500; Union Pacific,
1900; c., @. and J. O., 800; Panama, $50.
OPENING, HIGHEST AND LOWEST PRICES
the following table shows the opening, highest
and lowest prices OF the day