The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-09-02
FINANCIAL AND COMMERCIAL.
Continued ictiyiiy in the Stock Market and an
Advance in Prices.
GOLD ia SO A la Is.
Money on Call in Sharper Demand, with Rates
at the Close at | l-2 and Per Cent
Bonds Generally Steady.
WALL STREET, I
WFDNPSDAv Sant If u NJ

WEDNESDAY, sept. l-6 i. NJ
Spectators in to-day were again pcrplcxcd by
NE chanscabc condition Of the market Sales were
lower figures than have been recorded for many
weeks, yet tho close tho improvement was decided
and stronger prices than those of yesterday
The bear element prcGomnates and Processes have
discovered that the recognized leader Of street
parted with his holdings gone short" ofevcrything
except Union Pacific Hence that whatever rally occurs
IS oaly movement in his hands Of which he win avail
increase his interest on the declining sGc
On the other hand, It is significant fact that some
body IS buying stocks We new faces watching tho
lccGrapbic tapes the brokers' Offices VIC find more
activity in tho market, and there are not few
Pho express a faith in the that is Endorsed by
OIdcrs 10 purchase II tho country is worse OF in
commercial industrial agricultural sense than it was
week ten days ago is singular that the mis;or-
tune should not have been earlier reflected in this
SENSITIVE, SPECULATIVE COMMUNITY
But 1t is not So Tho host part of our strength as
people agricultural resources our crops
arc good our growth increasing, and harvest time
Is at hand Is il folly for tho Spectator TO attempt
10 anagonize such potent natural forces? True there
Is feeling OF unrest OF confidence waiting for
time when 'rcal values he measured. and
when we can get down to tho sediment Of
things that been greatly ''vatcrcd = but not
through Wall spasms tho temporary pounding
VI the market the unloading OF few thorsand shares
Jr stock that shall reach the condition which the
radc clements Of the country seem be tcndng-hard
pan.
EVENTS
have been OF special interest The from Cali
tornIa is referred to elsewhere together with the pnbc
debt statement In the stock market an improved
feeling manifest and prices at the close gener
ally higher than those recorded at the close yesterday
rho greatest activity shown in Lake Shore, which
opened IS =, advanced to 591 rcceded To 571a and
closed at $50 large short said TO DO
handing in this stock and by parties further
outlay is invited in the direction The reports
concerning condition represented TO be the basis
Tor the Of faith IN the future Of the security. or
Western Union some G., 200 shares changed hands at
prices ranging from Isl = 771s with close at 7s1.
The feeling the end Of the market concerning this and
other fancy stocks fayors the supposton that they
may he forced higher whereupon other plans will be
developed 1t is intimaicd that OF the foreign
bankers were buyers of the stock Pacific Mail fell OFT
from 377s to 36A, but subsequently advanced, and
closed at 37A. Atlantic and Pacific Telegraph was
Iucady 20 Union Pacific after selling at 7l5l, ended
az 70 strong it being announced privately that a two
per cent dividend would be declared early date.
st. Paul common sold at Sc S67l a 35ls S6'S. The
preferred closed &C. after selling 61 Northwest
common advanced from 3o1i to 40 and closed at 3s7s
The preferred sold at 54jS a 54ls a 535S 81; Rock
Island 1905 1875 1875. Ohio and Mississippi
Astinencd mp 10 10 after being marketed ISL Erie
was weaker at 49,. 1888, Notwithstanding the
rnuncemen of payments Of interest bonds published
below New York Central firm at 1O3al 1O4.
Michigan Central closed 621s The other changes
Of less Importance, and will be found in their usual
place.
SALES
The transactions amounted to about go 900 shares
Shich among the active stocks were distributed as
follow New York Central and Hudson, 337; Erie,
400; Lake Shore, $1,000 Cleveland and Pittsburg,
$40; Northwestern, II $50; do preferred, 1000; Rock
Island 700; Pacific Mail, 20 500; ST. Paul. 10 500; do.
preferred 5000 Ohio s. 200; Western Union, 81 900;
Wabash l. $50; Union Pacific, 1,5Ol
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and
Iowcst prices of the day