The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-10
THE CURRENCY BILL.


After the close OF the market the news was re-
ceived that General Butler was endeavoring to
bring before the House OF Representatives the
Senate bill as a substitute for that OF the House
Banking and Currency Committee, to the end that
the former shall be first voted upon 1t is said
on the street that the passage OF either measure
VIII give additional strength to gold. The infa-
tionists continue united and determined and claim
large majority.
THE STOCK MARKET.
The stock market to-day was weak. Its course
indicated want of confidence unsettled opinions
with reference to its future and disposition on
the part OF holders to hedge. The large operators
were notably absent ana transactions were con-
fined principally to the traders who content
themselves with the profits OF hourly nue.
tuations Nor are prices encouraging. Every
day shows more or less OF decline. With few ex-
ceptons the closing figures are lower than those
OF yesterday and the day before II. Nor are the
mere speculative stocks alone subject to the de-
pressing influences. There is constant shrink
age among what are classed as investment securi
ties Chicago, Burlington and Quincy, which a
short time ago was selling at 1927, now sells, ex
five per cent DIVIDEND at 1C4. New York central,
which sold at 1857, IS not strong, ex-diyidend OF
per cent at 99A 9oss. Rock Island, which has
been held at 1861, sells, ex-dvidend OLA per cent
at 1919. Among the other stocks Ohio and Missis
sipp has gradually declined, while Iron Mountain
shows decided break within three days from So to
31H. In
THE ABSENCE OF ACTIVE SPECULATION
and an absolute pounding of the market these
facts are significant, inasmuch as they indicate
reaching after something like real values. When
corporations like New York Central, Erie, Pennsyl-
Vania, and Baltimore and Ohio publish to the
world that they have reduced fares for emIgrants
from SIS to S. from New York to the West the
business men OF the country naturally construe
the incident not as the result OF competition, but
OF necessity. Erie might carry its passengers for
nothing. and, so far as dividends concerned
It's stockholders would be none the wiser; but tue
/ dividend paying roads have o different mission,
and the wonder is how they Will be affected by the
loss. The course Of the trade III stocks was
as follows:-western Union opened at
1875, declined to III. recovered to 1917,
declined again one-half per cent aud closed
at rs. Pacific Mail fell from AZ 1sto Az advanced TO
IS, refrigerated per cent, but recovered and
closed at Az. Marked weakness was developed
in New YORK Central, which, to the extent OF
about l5 600 shares sold at 99s4 99h 991s o
9eS. Northwest common, at So. a SAL 53zs
a545a 81; Erie at IS a 3614 357s a So q 35ls a
354 a S59s Lake Shore at 7sh a T77s 7sH a 70
TX 77S; Onion Pacific at 37. Blk 81 a
375s 81; Rock Island at 1861 lo5 ex div. lo1 u +;
st. Paul, 421s 423s a AZ a AK AZ; Northwest
preferred, 704. Wabash SOLD at Asa ASH 453s
a As 45l4. c., G. and l. c. opened at 32H de-
clined to 80 and closed at 32H. Ohio and
Mississippi opened at 3o7s and went on u per
cent. Iron Mountain sold at 80 a 50 a 3sis 80;
Delaware, Lackawanna and Western at l0IX q
I074 Other quotations will be found below.
HIGHEST ASD LOWEST PRICES.
The following table shows the opening highest