The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-18
FINANCIAL AND CONNERCIA.L.
The Stock Market Beverish
and Lower.
GOLD FIRM AT 11e
Money Easy, Bonds Steady, and Speculation
~ Without important Feature.

MONDAY, MAY LIT r. M

MN. m9 MONDAY. May 1T r. M.
To-day witnessed renewal OF the depressing
influences which commenced last week, and there
was not suficent change At the close to indicate
that speculation would assume materially
ainerent phase In the near future The Wall
street mind 10 unsettled, and the prevailing dis
position Is suggestive OF tendency to go short OF
stocks, especially those that are Likely to be
Anected by the pending railroad war. The frank
statement OF President Jewett OF the Erie Com
pany that this great organization has been
seriously anected by the contest, and the outlook
which he describes, are not regarded as encourag-
ma to other lines, East and west, which belong to
the railway system. Hence 1t has been easy 10
give to the market tone OF weakness. and 10
cause decline In prices that has resulted IN the
utmost feverishness. Nevertheless 1t Ia not I'M
probable that II o very large short interest Is
made q reaction viii occur and in the ouying
movement thar follows temporary advance wiz
lake place. We note at the close OF the market
situation that iorDids mucn preaction. The most
active stock OF the day was Lake Shore, OF which
about TO- 600 snares were sold, the opening figure
being 6S, the highest 6s14 and the closing 673S.
Pacific Mail was likewise IN large demand.
and on sales of 49, 800 shares ranged from 39h to
So ending al 3sA. or Western Union there were
$4,000 shares sold at Tx 77h 762s II a 762S.
Erie moved down from 26H TO A9s and ended az
26%; the transactions amounted to $1,000 shares.
Oh Union Pacific 80, 100 shares changed hands AZ
prices ranging from 7oa ct the opening to n, and
subsequently to 75A 76A &C. Rock Island
opened at 1854 and closed a. lo4. st. Paul COM
mon moved up from 35h to 36A. Wabash ended
at Tx, after selling down 10 IL. Hannibal and
Bt Joseph was a trlne hrmer at PAX 24A. ohio
and Mississippi sold at 25A 242s 2lH, the pre-
ferred stock at 49, Northwestern common was
active on sales OF about $4,000 shares but affords
NO feature Tor comment. the opening price was
Ao the closing price 39%, recovery Of y per cent
from the lswest of the day. Atlantic and Pacific
Telegraph ended at %. Panama began at 49, ad-
vanoed u per cent, receded TO 14l and ended a.
l42k. Otner prices Will be found hereafter.
ADVANCE AND DECLINE.
The changes since saturday we're as oliovs:-
ADvANoE-C., @. and l. o., y; Panama, Il Quick
silver, j District OF Columola 3o5's, l gold, a..
DEcLRB.-Atlannc ana racine Ielesrapn, =
Lackawanna, u /; Erie, a; Harlem. /; Lake SHORE,
n; Northwest common, II; ONO and mississippi,
y Pacific Mail X ST. Paul, 4 DO. prsIerred'
y Missouri Pacific, "a.
The stationary stocks we're New York Central,
hannibal and St. Joseph, Rock lslana and New
Jersey Southern.
THE SALES TODAY
amounted TO the large ngure OF 0o0o shares,
which were represented among the most active
stocks as follows New York Central and Hudson,
coo: Erie, $1,000; Lake SHORE, 1880; Nortn-
western, 1890; do. preferred, TOO; Rock
Island $50; Pacific Mai, 70 sOO St. Paul. 1900; do
preferred, 900; Onios IL 800 Western Union, &C. 100;
WABASH, 2,70o; Union Pacific o,loO; T., 4. AND l.
q, 400; Panama, 800.
HIGHEST AND LOWEST PRICES
the following table shows the opening, highest
- ta,aot prfcna M the uay