The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-14
The Stock Market Again Ir-
regular.
GOLD STEADY AT liz SIS liz IL.
Money Easy on Call Loans at
9 1-2 a 8 Per Cent
GOVERNMENT AND RAILROAD BONDS FIRM
WALL STREET,
WEDNESDAY, Jan. E-6 L. M.


WEDNESDAY, Jan. IS-6 p. M.
No new features were presented in the course
OF speculation to-day, and the market was ap
parently under the influence OF only natural con-
dtttOns. There was an exhibition OF some strength
at the opening, but many fluctuations followed,
and the feeling at the close was despondent One
or two stocks, as Will be seen hereafter, indicated
exceptional Improvement, yet even these were
not sustained to that degree which invites outside
support. Prom the experience OF the past few
weeks 1t Is easy 10 that the great 'Change OF
America Is in the hands OF few individuals; that
they can do with its business what they wlll
that the hard lines OF poverty are inscribed over
many OF even the most prominent business houses;
that the outside public have little or no surplus
with which to play their usual game OF
"wALL STREET FARo;"
that the "January rise" which was expected has
been ecipsed by q January fall; that business in
commercial circles ID still expectant; that large
amount of capital, instead OF seeking investment
In stocks. even at the present low ngures. Is con-
tent with 2K or per cent increase on call loans
as o surer method OF investments; in short, that
there is slow, progressive process Of contraction
going on, obedieut as we'll to foreign as to home
Influences. and likewise suoservlent to natural
canses, which "he who runs may read" There
are those, on the other hand, who base their judg
inent on another view, and 1t r. not impossible
mat III Cne long run IHey Will Dc CorIeCC Iuey are
OF that party-lew in number, yet strong in faith
wno watching every low condition OF the market,
buy, buy, buy store their purchases and await
the inevitable, the cups" as we'll as the downs"
of speculation, and see In the distant future re-
ward for their ventures. 1t Is this latter class
who are taking many OF the stocks now offered at
what seems to be their minimum. and who give
to the market much OF Its sustaining power. The
following
ANALYSIS OF SALES
will indicate what was done in the principal
stocks Atlantic and Pacific Telegraph opened at
25K, advanced to 2S, fell on tribe and closed at
27X. Western Union receded from TEX to 76H.
New York Central was steady at 1o1H. Pacific
Mail sold at 35h 3Sn 3lA IS, ending at the
latter figure. Erie was steady and comparatively
strong at 80 q 29X 29A. closing at the last
figure. Rock Island sold at l03 lO31 100. Lake
Shore opened at 75A, went up q traction and
down to TAX and closed at IS. Union Pacific sold
at 37h S7h a77s 37h SIX. Northwest
common, at 4eH a 40 . ASK 45,s; St. Paul at SIX
. SO a SIX; preferred opened at 59A and ended at
69X. Wabash was somewhat frmer to-day, on the
basis OF 1874 1SH q lsK a lsk 1sX. Panama
was generally steady, at ILL., Ohio and Mississippi
sold al 81 311s 3lH 3oH 81. Atlantic and
Pacific preferred moved from l5X to tx, ending at
Tx. Delaware and Lackawanna sold at 107T
l07X 1o7x.
THE SALES
OF active stocks to-day amounted TO shares,
which were generally divided as iolOws:-New
York Central and Hudson River, 1000; Erie, 5000;
Lake Shore, 10, 700; Cleveland and Pittsburg, $50
Northwestern 13, 200; Northwestern preferred 200:
Rock Island, 2,4OO; Pacific Mail. a0,4Oo; st. Paul.
104OO; st. Paul preferred 2,100; Ohios, $500;
Western Union, 60, 100; wabash, 5000; Union
Pscinc $4,000; c., G. and l. T., 200; Panama. 800.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest