The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-06
FINANCIAL and COMMERCIAL.
Stocks Flrmer and the Market Still
FeVerish.
GOLD STEADY AT III.
The Bank Statement Favorable and Money
Government Bonds Strong.
WALL STREET,


ira feature OF the stock market to-day was an
Anvanoe along the line. especially IN the securi
ties that have been and are The most speculative
There IL no more reason for this change, however.
tnan for one that might occur IN the opposite
direction, and. according 10 the Information
which is obtainable. 10 is rather the result OF
flight on the part OF a large and somewhat recK-
less short interest than OF any real or substantial
evidence that 1t Is time for the bears 20 change
base and adapt their future operations TO per-
manently higher market The point" has been
lncustriousIy circulated that at meet
log OF the presidents OF some Of the
leading railroads, among which are mentioned
Erie New YORK Central and Pennsylvania,
pIoposltons would be considered looking to
settlement OF many vexed questions that have
pccasioned the pending railway war In which Mr..
Garrett, the President VI Baltimore ana OHIO, has
been chief and leader but II is given out BY those
who are supposed TO know OF the inside history,
that IL is equally probable tnat instead OF yielding
pne iota TO the demands OF the Batimorean Colonel,
Tom Scott and his pow crlui CONDUCTORS, WIN make
the contest even warmer, and by putting down
Brill further the rates on freight and passengers
augment the difficulties with which their competi-
Tor Is obliged 70 contend These possibilities, be-
Ing generally misinterpreted by the street. may
Explain the peculiar strength OF the market,
and show that an opportunity mas oeen
used TO advance prices IN order that
more profitable sale may be made
next week. Man lpulatlon may easily advance
the market value OF securities, but 1t seems to be
the experience OF the past sixty days that nat
rral causes quickly knock them down again.
REEIEw OF PRICES
Slows that Erie sold at 1914 q 1871 ls<, Lake
Shore at e2H cox 621, Wabash at "a ga,
Northwest common, at seq 4o1s, Rock Island at
lO2y< a Io356 st. Paul, common, at 33H q "a 34A
ssH. do, preferred, at 656 OHIO and Mississippi
was steady at 2s6 2SH 2sA. Pacific Mail
ranged from s411 to ssE ana ended at s4,s, Pan
ANA was steady at 12s, western Union sold at
75H 76K. Other changes are found below.
ADVANCE AND DECLINE.
The following are the changes during the last
swenty.iour hours
ADvAScE.-New York Central, \; Hannibal
and 81. Joseph, l; Harlem. r Lake SHORE. !;
X; Pacific man, q; Quicksilver, common, X;
Rock Island, y; 81. Paul common Al do.
preferred, u; western Union Telegraph, y.
DEcLNE.-ErIe. y; Union Pacinc u; gold u.
Tue securities that renamed steady were At
lantic and Pacific Telegraph, Atlantic and Pacific
preferred (rallroad). G., G. aud ]. O.; Delaware
ana Lackawapna, Panama, wabash, Kansas and
Northern Pacific; Missouri Pacific and District OF
Columbia bonus
THE sALEs TODAY
amounted 10 ABOUT 2Is,ooo shares, with the
bulk OF business distributed as iollows:-New
York Central ana Hudson. 45o; Erie, 100;
Lake Shore, 10000; Cleveland ana Pitts
burg $40; Northwestern, 5000; Rock Island,
LOO; Pacific Mail $4,000; 81. Paul, 300; OHIO,
1900; Western Union, 47,2Oo; Wabash, $40;
Union Pacific, 1890: u, c. and /. c., 100.
OPENING, HIGHEsf AND LOWEST PRICES.
The following table shows the opening, highest
Of p nuw.