The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-24
FINANCIAL AND COMMERCIAL.
Strong and Active Stock Market-Ths
Leaders Pacific Mail, Western
Union ard Lake Shore
GOLD 117 IA A 1l7 Is.
Money on Call Per Cent-Railway and Gov.
eminent Bonds Firm.
WALL STREET,

WEDNESDAY, June 23-6 p. NJ.
Wall street to-day the scene OF another
financial somersault, and was much excited by
contradictory statements The price OF every
active security advanced, and, for the moment
the undertone of the market as expressed by
ordinary street gossip, fayors higher prices
There have been few OCCASIONS. however, In the
history OF the New York Stock Exchonge when
ifs great power has been completely held with
In one grasp as now. 1t is, OF course, owing TO
the controlling influence or individual capital, and
a change mas suddenly occurred the re-
suits OF which may be rejected through
ont the entire country. On what SUBJ
stantial basis this movement has taken place
Is fact yet TO be revealed. The commerce be-
tween railroads, the general trace or merchants,
the reports OF manufacturers and miners the ex-
citing condition OF all the Industries that have
been rudely disturbed during the past two years
contribute nothing oy way OF encouragement,
though they may do so hereafter 1t is only the
figures OF the New York stock market and the
accompanying gossip that tell the story. From
she latter we learn IL. Tnat the Pacific Mail
steamship Company to-day authorized their man
aging director to sign contract with the repre-
sentative OF the colonial government of Australia,
whereby monthly service Is to be secured with
the latter at the rate OF about $3.50 per annum
special siuewheel steamers TO be detached for
the purpose. Q. That the New Zealanders are
Eequally anxious to come Int similar arrangement
with the company and pay $4,000 per annum. g.
That the Japanese are socitously interchanging
Geographic dispatches to prevent II possible the
sale to anybody else OF the four sidewneel steam
erz that ply between the Chinese ports and their
own. and tnat $1,000. 900 may eventually be paid
90 the Pacific Mail people for their gracious indu
cence A. That, In consequence OF suddenly dis.
covered strength, the STOCK Is ABOUT to mount up
70 figures anywhere from AZ 70 10, and become an
other "Big Bonanza The public may believe
what 1t pleases concerning these rumors and the
latter may be mingled with enough OF truth TO
save them from utter condemnation, but
It ia not advisable this moment
for any man who is not on the spot TO take advan-
tage OF sudden changes TO invest his hundreds
or thousands either side OF so desperate
game. The opening prices OF Pacific Mail to-day
were 81 q 36Z, from which there was decline TO
$685. At this recovery commenced. and the close
showed sales az 39ss 39A, with 40 Did afterward.
Lake Shore showed the next greatest strength
ana advanced 1T per cent on sales OF 10000
,6hares The opening " as made at COZ, the lowest
price was COZ, the highest and close g. 1t is said
that a new combination mas been made In this
stock, and another deal WIN occur on the present
market. Western Union was likewise very strong.
and confidently bought up 20 $4,000 shares be-
1ueen 725s "A. st. Paul common rose from 32k
90 SO; preferred, 641 54%. Northwest common
advanced from 37I 10 3sss; the preferred was
steady At 491S 49, Union Pacinc was steady at
7sKa4 other stocks we're not important in
their changes and are quoted below.
THE SALES TO-DAY
amounted to $4,000 shares, which were d.
'vlded among active stocks as follows:-hew
YORK Central and Hudson River 100; Erie,
6, 400; Lake shore, 10000; Cleveland and Pitts
burg, 100; Northwestern, 1900; do, preferred
700; Rock Island, 600; Pacific Mall, $4,000; S.
Paul, 1900; do. preferred leo; oaio, 400: west
ern Union. IS, 400; wabash 800; Union Pacific.
1850; G., c. and l. c. 5T5.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest