The New York herald., 1875-10-30
FINANCIAL AND COMMERCIAL.
Stocks Indicative of a Decline
Business Less Active.
GOLD STEADY AT 1l6 3-S A 116 IL.
Government Bonds Firm-MOney on Call Easy
at 3 Per Cent-Rag Currency Worth
S5.S4-Foreign Exchange Quiet.
WALL STREET, 4


Lake Shore to-day has continued to show declining
tendency the last sale being Ia per cent below that OF
last night The many rumors concerning this property
which have recently been put in circulation in Wall
street and reported In some OF the daily journals,
such as that the business the road has lately greatly
improved that the company Will pay dividend Lext
February ana that there is truth in the reported
increase in the rates for freight, &c, may all
be safely set down as pure 1cons, invented for
Inc express purpose Of enabling the 'clque make
market upon which to unload The following figures
worthy Of study
The earnings Of the Lake Shore and Michigan South
ern Railway compare with the two previous years as
follows:-
1873 1874. 1875.
to June ao...:.: s9,797,e4e $s,o5l, ,5os seaa, 600
to Sept 3d.. 4,s25,245 42os,251 1910, 700
Total months sl4 e22 SOL ST. s54 754 slo25l, 700
decrease from 1874 ...................S2 " COZ sol
Decrease from 1873. 431l, ,l9l
or the foregoing figures all from the official re-
ports OF the company except those Tor July to Sop
tcmber go 1875 WHICH while given the approximate
believed to be in excess of the real figures 1t will
observed that they show decline in the gross earn
ngs for nine months of this year from the period
Of last year. which is equal five per on the
capital stock, and from those of 1873 equal TO over
light per cent Concerning the business OF
no reliable figures have yet been received,
but by those well posted in the nature of
Its business 1t is stated that in the item of oil
there has not only been large falling off in the
ment from what 1t in September but that 1t has
been much below the monthly average
AS TO what 1t is doing in gram the following statement
seems to show that II is now doing next to nothing
and also points las did the published in this
column on last Monday toward the of so
large supply at the seaboard before the closing OF
navigation leave but little for the railroads to
In this line after that event The receipts a Buffalo
from October % to 2s, inclusive, follows:-
Wheat Corn
BY lake boats, bushels. ........ 1876 900 263 900
BY railroads. bushels. ........... 10000 104 900
While the foregoing facts may furnish a sufficient
reason why actual holders OF the should improve
the present opportunity offered by OF the
clique for selling, it may be well for spectators to
guard against the temptation of another combination
THE FEATURES
to-day Lake Shore, OF which some GO 900 shares
were sold at prices ranging from 6l11 to $685. with u
close at the latter price, Next in point of activity was
Western Union, which opened at 75H, receded TO 7I7S
and ended at 751S Union Pacific advanced TO &C. after
Baes at 65S and closed u 65. Ohio and Mississippi
closed ut 1G after sales at 166 1879. Pacific Mail was
comparatively steady, and after sales 4O1a-2o 900
shares-ended at 403s. There is q story
yct W 10 tou IN tHlS connection. Pan
quoted at 133 Hannibal and ST.
Joseph receded to 1874. Michigan Central declined to
6O'{. The investment securities continue strong and
fair demand by actual investors may be recorded
These quite distinct from the so-called 'fances
and 1t may be found little later that the parties to the
present 'poo' have disintcgratcd. One, he who is
thought to have suggested the present "bulP'
mcnt is understood to be the first to 'run" Satisfied
with his profit on Lake Shore and Pacific Mall he has
followed the example OF score of predecessors and
left his comrades to gather what of the debris
sf the game
SALES
The transactions the Stock Exchange to-day aggre-
gated l4S 900 shares:-Ncw York Central and Hudson
200; Erie, $780, Lake Shore, 81, so0 Northwestern
7,ooO do preferred, 200; Rock Island, $40; Pacific
Mail, 2o,0Oo ST. Paul. 5000; do preferred, 500; ohios
1850; Western Union, $4,000; Union Pacific, 800;
C., C. and l. c., 800; Panama, 100; Missouri Pacific
e,425.
OPENING, HIGHEST AND LOWEST
The following table shows the opening, highest and