The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-09-04
FINANCIAL AND COMMERCIAL.
The Stock Market Without Excitement and
Prices Irregular.
GOLD III IA A III So.
Bonds Firm and in Fair Demand-Money on
Call 1-2 and 2 Per Cent
Quiet in California.
WALL STREET.

FRIDAY Sept. SO NJ.
The principal change in the stock market
advance in Erie from 1893 49, The gain in London
since yesterday also about q per cent The cause
Of the Improvement said to be forthcoming favora
bic report of the condition of the corporation by the
committee who represent the English bondholdcrs 1t
further represented that the payment of the coupons
several of the mortgages has likewise encouraged
buyers and frightened the financial prospects of the
company. We hope that these statements will be
verified The rest OF the market was somewhat iuctu-
ltng in character, and the decline at the close
Indicated that struggle has been going
between the bulls and bears, in which the
latter for the moment victorious The effect OF man
ipuation to IL considerable extent yet It is evil
dent that large number of operators confident Of
lower prices in the distant future and acting
cordingly They find it easier to depress than to adj
figures and If there be improvement they avail
themselves of the opportunity to increase their short
interest 1t is not always safe, however to be in too
much company the side OF specu.
laton for fishermen generally found
standing on the shore with drag nets ready
for a grand scoop 1t is an error that Wall street
Mt the present moment and under existing conditions,
with Zone man power strongly exempiaed, reflects
the real attitude of commercial affairs. When mar
ket changes front every few hours days is not in
response to influences that ought to control the
commercial thought.
STOCK
to-day active to the extent of about 119 900 shares
The leader Lake Shore, which opened at So a. ad
vanced to 5S9i and ended at 57. Next in interest
Erie which opened at 1855, selling high 17ss and
closing ut 17,S Western Union opened at TO- sold up
TO 1871, and at the close offered at 1874 Pacific
Mail opened at 37 and sold down to 371S, closing at
about the latter figure. The Northwestern stocks
quiet without fractional variations. The variations in
the other speculative stocks scarcely worthy of
mention.
ADVANCE DECLINE.
The following are the changes in closing prices COM
pared with those of yesterday
ADVANCE Atlantic and Pacific Telegraph, a. New
York Central u Delaware and Lackawanna, "a Eric,
/ Erie in London Is Union Pacific, - District of CO.
lumbia three sixty five bonds, H.
DEcLISE.-Atlantic and Pacific Railroad preferred,
u Lake Shore, "a Northwest common, q; do pre-
fcrred, a ohio and Mississippi, "a Pacific Mail y
Rock Island, "a st. Paul common, q do preferred,
"a Western Union, a.
STATIoSARY-C, &. and /. c., Hannibal and st. Jo-
seph, Harlem, Panama. Quicksilver, Wabash and Mari
posa
The transactions yesterday aggregated u.s. 700 shares
with the following
New York Central and Hudson, POS; Erie 20 300;
Lake Shore AZ, 900; Cleveland and Pittsburg, 400;
Northwestern s,236; do preferred 500; Rock Island,
1900; Pacific Mail, $3.50; ST. Paul, 1890; do pre-
ferred, $3.50; ohios, 400 Western Unon 16 100; Wa
bash, 200; Union Pacific, 100