The New York herald., 1875-09-29
FINANCIAL and COMMERCIAL.
Stocks Triflc More Active and Higher-Pa-
Ciilc Mail Again in the Speculative Front
GOLD STRONG AT 116 ga A III.
Money Easy and Good Investment Securities
Firm Washington and London Adyices.
WALL STREET,

TUESDAY, Sept 2S-e p NJ
The stock market to-day was active stronger and for
The moment encouraging While the principal buying
was confined to few parties the sympathy thereby
communicated TO the general list of securities was at
decided and leaves little doubt that whenever
real bull movement commences the advance will enlist
the cooperation Of outside purchasers Until the sup
port of the latter class is obtained however there is
TO expect present conditions long con-
tnued lrmness The is poor to sustain the
market without extraneous help There is no question
that, with the Improvement in the carrying trade,
advance reghts and the transfer Of crops from the
centre to the seaboard, the opportunity will for
which so many have patiently awaited, unless the
country is agitated by fears Of imitation and a dis
turbance Of the currency those who the long
gido of the market will receive their reward 1t is not
reasonable to suppose that all OF the railway companies
which make such beggarly exhibit of figures and
the stock list quoted below twenty will remain
In their present position without effort to for
them once more
. CONFIDENCE PUBLIC
Such efforts are even now in embryo, and from vari
quarters learn that stockholders taking the
necessary steps attain this end. meeting Of some
of the stockholders Of Wabash to be held Thurs
day, at which certain propositions may be presented
having this object in view. The recommendations Of
Sir Edward Watkn concerning Erie have not been for
ton with Michigan Central Hannibal and St. Joseph,
Ohio and Mississippi and other low-prced securities
which, it is believed, will exert improving influence.
The managers of these great corporations cannot afford
TO waste their substance and make endeavor to re-
cover lost ground Among other encouraging features
OF the situation learn that the Atlantic and Pacific and
St Louis Kansas City and Northern Railway have re-
established harmonious relations a basis which the
managers of the two lines regard equitable and
The runous competition recently inaugurated
has given place to remunerative rates of fares and
freghts and the Of the two lines
congratulate themselves upon the we'll assured pros.
pec of large and profitable business The recent ad
vance of between Chicago and the East and the
tonng up railway by increased earnings and
reduced expenses all indicate better state Of things in
galway securities in this section.
THE RANGE OF PRICES TO-DAY
follows Pacific Mail, stimulated by reports
that the company had at last consummated its long
pending negotiations with Japan, and sold of its
wooden sdewheel steamers for between 500, 900 and
$500 O0O advanced from 34S TO 36%, at which price
considerable realization took place. leaving the stock
TO close S6]G 81 600 shares sold The "point"
was freely distributed that to morrow the price will
touch 49, Next in interest and activity was Lake
Shore of which many encouraging things SAID by its
friends The opening figure 52zS, the lowest 52X,
the highest 53sS and the last 53,. Western Union
was strong at 75Z 767<, and closed at 76 Erie sold
at 165s II, ending at the latter price. Northwest
common sold at 80 39H. The preferred stock was
steady at 54 St. Paul common ranged between 337S
34h closing at 34X. The preferred stock vbrated be-
tween 62Z6 a 63A Union Pacific sold at 20 a 69H end
ing at 10 Ohio and Mississippi at 15A a16K Missouri
Pacific opened Asa and fell off to A. Atlantic and
Pacific preferred sold at 10H 10 Wabash was steady
at 6k Panama was quoted at 133. Michigan Central
advanced from 53sS SIS and reacted to Oh In other
stocks the changes unimportant.
THE SALES TODAY
The transactions at the Stock Exchange to-day aggre-
gated H. 700 shares which distributed as ollows
New York Central and Hudson, 200; Erie, 64Oo;
Lake Shore 40 423 Northwestern, 100; Rock Island,
100; Pacific Mail, 81, 700; St. Paul, 1,2oo; do pre-
ferred, $50; Ohios 64OO; Western Union, H. 22O;
Wabash, 1925; Union Pacific, eos
ADVANCE DECLINE
The changes in closing prices since yesterday
follows-
ADVANCE Atlantic and Pacific Telegraph q Erie,
u; Lake Shore, g : Northwestern common u do.
preferred, 4 Ohio and Mississippi y Pacific Mail,
IL Quicksilver ID Rock Island, u St Paul common,
g.; Wabash, 1S; Union Pacific, u; Western Union, u;
Gold, Il.
DECLINE Eric in London, ~ St Paul preferred, 4;
Harlem y New York Central 1s Atlantic aud Pacific
preferred, e.
OPENING HIGHEST LOWEST PRICES.
The following table shows the openinp highest and