The New York herald., 1874-10-28
FINANCIAL and COMMERCIAL
The Stock Market Without Feature
and Prices Fluctuating.
MONEY EASY AND COLD STEADY.
Stats and Government Bonds Firm and in
Moderate Demand.
ARE THE aRANGERS AT FAULTY
WALL STREET,

~ lLSpAf, OCV 40 r. M.
Beyond statement or general dulness there is
dttle to write to-day concerning Wall street affairs
Prices opened with considerable promise OF
strength but toward the middle of the day ex-
hlbited weakness. Later they recovered, and the
close was In many respects satisfactory 10 those
who are looking for nrmer figures. 1t Is divided
question whether, when the market is let alone,
Its tendency Is TO ascend or descend; but II Is Q
notorious TACT that some OF the most persistent
bears have become bulls have covered their short
interest, and In behalf oil customers are taking
time by the foreock The decline In agricultural
products, SO sharply marked by Western quota
sions, is exertibg proper and natural influence
upon rhe speculative mind, and 1t Is BY no means
certain that before the present campaign has ter
minated it VIII not produce an equally decided
effect upon railway shares. Although
THE PRESENT MARKET NAY BE ARTIFICIAh,
lt has shown strength and developed more or less
OF confidence. There does not seem 10 be at the
bottom, however. that sincerity which eiclts gen.
eral buying and consequent rapid upward turn,
for IL is observable that each change OF i or per
cent in either direction sets caution on edge and
causes more or less OF a closing up or contracts.
1t is intmated that the time Is not far Distant
when leading members OF the bear market can
afford to sit down quietly and watch the vtcisst-
shdes OF the situation secure In the confidence OF
ultimate results. 1t must be said, however. that
the bulls are equally seifreitant.
In searching for causes OF doubt concerning the
course OF the market not lew trace whatever
weakness may exist to the granger movement and
the influence which It has exercised upon the
prices Of wheat corn ana other breadsturs.
s8I OUR AGRICULTURAL ALLIES HI
have not this year, exercised good Judgment.
70 tneir own disadvantage they have withheld pro.
ducts and enabled the grain producing countries
of Europe to supply one OF their best customers.
Hence lower prices here large stock on nand
piling up OF bulk, a possibility Of loss from heat,
damp and other influences, aud the probability
that during the year they will find themselves
largely and unfortunately out OF pocket little
more common sense would nave given the West
srn railroads work to do, augmented the value
Of that GLASS OF property, strengthened the value
OF western lands, added encouragement to emf
grafton and created, II not enthusiasm, at least
bome respect for the granger movement. AS 1t
stands at present, however, 1t has nothing to
show In the shape ofresults but failure and In the
yhape Of purposes the sheerest 1oliy. a-,..
GAINS AND LOSSES.
The following summary will indicate the changes
that have occurred since last night
GArHs-Atlantic aud Pacific preferred, n per
eent.; c. q. and !. G., Is Erie, Il; Pacirc MAIL x;
LossEsNSew York Central n; Lake Shore, u:
Northwestern, u; Rock Island, y; st. Pau, X (;
WaUash, Il; Union Pacific, u.
The stocks which renamed in statu quo were
Hannibal and st. Joseph, Delaware and Lacka-
wanna, Harlem, OHIO and Mississippi, Quicksilver,
western Union Telegraph, and gold.
THE SALES
to-day amounted to 12s, 900 shares, which were
distributed among the active stocks as follows:-
New York Central and Hudson, 100; Erie, 4,4oo; /;
Lake shore, 1890; Northwestern, 1900; North
western preferred, 200; Rock Island s,4oo; Pacific
Mail, s2.5oc; st. Paul, 5000; st. Paul preferred.
800; Ohio, 5000; western Union, 1880; Wabash,
$500; Union Pacific 13soo; u, G. and l. c.. 1926;
Panama, AGO.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest