The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-25
FINANCIAL AND COMMERCIAL.
The Stock Market Firm and
Gold Lower.
MONEY 2 IL AND 3 PER CENT.
Foreign Exchange Steady Railroad Bonds
Active and Governments Dull.
WALL STREET,

WEDNESDAY, Fec. "a -6 +. NJ
Stocks to-day were again stronger. although
showing IN many instances the erect OF adroit
manipulation. This was especially the case during
the two last hours. Pacific Mail was again the
leader OF the market in point OF business and i'm
provement, aud astOnished the street oy advan-
cling from 3lh to 33H, with close at s3's. Last
night private 'short" contracts were made at the
Fifth Avenue Hotel on the basis OF 29h, 1t being
generally believed that the company having lost
It's subsidy would be placed IN an embarrassing
position toward It's creditors, but IN the face OF
these adverse influences the stock to-day was
forced upward with the sharp result above de.
scrined. The next principal feature OF the market
was Wabash, which opened at 10H, fell OF u, and
advanced to 1lT closing at Tx. Considerable
buying was developed In this movement. and the
belief was expressed that, Notwithstanding the
appointment OF receiver. the price was more
likely to advance tnan decline. The general deal
tngs were attended with more or less OF ieverish-
ness. the sudden break OF yesterday and equally
unexpected rise OF TO day superinducing distrust
Of the market that was not modified by Its various
exhibitions There was every indication OF arti-
ucial support and 1t may be continued twenty
tour hours longer.
THE RANGE OF PRICES
was as folows:-Union Pacific opened at 39k aud
advanced to 4OH. Panama was steady at 112.
T., @. and l. c. moved up to OK. ohio ana Missis-
slppi advanced from FAX 10 25A, at which price 1t
closed. st. Paul common sold at 34a q 33T, but
recovered to 342s. The preferred stock was steady
at64k Q SAY. Northwest common advanced from
l2H to 43H and closed at 42A. considerable
short interest ls said TO nave been made In this
stock on the strength OF statement that the WIS.,
c0nsin Legislature would soon adjourn without
taking action on the well known "Potter law"
The preferred stock sold at 65k SAX. Lake
Shore advanced from 1874 to 73X, closing at 73s4.
Erie was STEADY at FIX PIX. New York Central
1t 101K a 101A, Chicago, Burlington and Quincy
ut l0A Rock Island at 1881 Q 1887 . 1881.
Michigan Central sold at rs.
THE SALES
to-day amounted to 100000 shares, which were
distributed among the leading stocks as follows:-
New York Central aud Hudson, $50; Erie, TOO;
Lake Shore, $50; Northwestern, 10, TOO; North
western preferred, 1900; Rock Island, 500; Pacific
Mail, ee,40o; 81. Paul. 800; ST. Paul preferred,
300; Ohios, 600; Western Union, q, 600; wabash.
1000; Union Pacific, 2s,soo; G., y. and L o.. 200;
Panama, 100
ADVANCE AND DECLINE.
Comparison with the closing prices yesterday
shows the following changes At the end OF the
market to-day
ADvANcE.-Atlantic and Pacific preferred, u;
New YORK Central, NC, Y. and l.. c.. y Hannibal
island, X; Waoasn. X Western Union telegraph,
ana rss' a TssfIsS st.
Paul. u; Gold, y.
The stocks that were steady were Erie. Panama,
Quicksilver. Union Pacific, Canton and North.
western preferred
HIGHEST AND LOWEST PRICES.
The following table shows the opening. highest