The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-09
FINANCIAL and COMMERCIAL.
The Stock Market Slightly
Higher.
Foreign Exchange, Money and
Bonds.
WALL STREET,

MONDAY. Feb. SO +. NJ
The week opened on lower schedule or figures.
prices being generally marked down from u to u
per cent; but later In the day q sharp rally occur
RED in several OF the leading speculative shares.
and the closing figures showed q gain upon those
established at the end OF business on Saturday.
Lake Shore. Union Pacific and Western Union were
the principal SUBJECTS OF Improvement, and their
business was more or less communicated to the
rest OF the market. Erie was heavy IN response to
lower London prices, which cable report ascrbed
TO unsa tsactory advices from this side OF the At
iantlc The closing quotations in LONDON on Sat-
nrday were 28X ana to-day 25X. 1t will be OBJ
served that the decline mere has not been great.
Among
THE RUMORs OF THE STREET.
and we give them only Tor what they are worth,
we're that the Western Union Telegraph Company
would soon reduce Its rates to correspond with
those recently published by the Atlantic and Pacific
Telegraph Company. 1t was further stated that
Mr.. Daniel Drew, who Is understood to have been
recently Identified with the bear element OF tho
street, is about to depart for Florida to recuperate
his strength. The possibility Of such event was
commented upon in connection with the future OF
the market and the favorable opportunities his
absence might afford to those who have been coz.
adently awaiting an advance Of prices.
THE SALES
To-day amounted TO $4,000 shares, which is q de.
cline from the figures Of Saturday, and were dis
tributed among the principal stocks as follows:-
New York Central and Hudson, 700; Erie, l4S00;
Lake Shore. $4,000; Cleveland and Pittsburg,
244; Northwestern, 1920; do preferred, 500;
Rock Island, 1000; Pacific Mail, 5,50O St. Paul,
5000; do. preferred. 100; Onios 300; Western
Union, A. 700; Wabash, 5000; Union Pacific, TO- S0o
G., G. and !. O., 700.
THE RANGE OF PRICES.
Lake shore opened at 70. was sold down quickly
to 72X the lowest point OF the day. but at the
second board the stock became stronger, and at
the close was marked at 73x a TAX; Western
Union sold at 70 TAX q Tx Q rs TAX 7sX q
1917; Erie opened at 2sx, declined to 27X,
reacted to 2sk and closed at FIX;
Union Pacific commenced ut soX receded
to ssN and closed AZ 4ok; Wabash sold
1t 16k 1eK, ending at 1oK. Northwest common
opened at AK, advanced to 45A and closed at
5H. The preferred stock sold at SIX q 5sK; Rock
Island at 1887 1o4. Pacific Mail was steady at
Ax SAX. c., G. and G. sold at 81 8; Atlantic
and Pacific Telegraph at 2sA; Hannibal and ST. Jo-
Seph at 81 207S 81. Ohio and Mississippi opened
at FIX and ended at 2S1I. The changes in other
stocks were slight, and will be found elsewhere.
ADVANCE AND DECLINE.
The prices at the close OF the market to-day
compared with those OF Saturday were % fol-
lows:-
ADvANcE.-Atlantic and Pacific preferred, u;
Lake Snore, u; Northwest common, x; ONO and
Mississippi, u; Rock Island, u; st. Paul. u;
wabash, X; Union Pacific, "; Western Unlon n
Northwest preferred. Y; gold. Y.
DECLNE.-New York Central "; Erie, n; At.
lantlc aud Pacific Telegraph, u.
the stocks that renamed steady were c., y. and
l. c.. Delaware and Lacxawanna. Hannibal and
St. Joseph, Harlem, Pacific Mail, Panama and
Quicksilver. o.
THE MONEY MARKET
Money continues to be freely offered on call
loans at 2H ana 8 per cent. Foreign exchange IN
me morning was reduced by leading bankers to
Ls51s and Assn ior long and short sterling. the
advance ir gold stimulating the purchase Of bonds
or London account; but on the receipt Of foreign
ldvlces the buying ceased aud both gold AMI ex.
:hange advanced. the latter to 4.se and Ass, with
concessions from these figures for actual business.
u still the subject Uf much comment and to-day
advanced from 1l47s-the opening price-to l14s.
with the intermediate ngue OF lax. The closing
price was 114k. The carrying rates were ~. l.
and per cent. Loans were also maze nat. 1t
was estimated late in the day that there might be
a'squeeze" IN cash gold.
OPERATIONS OF THE GOLD EXCHANGE BANK.
uOu oalauceS $Z,5O0, 6OO
currency balances. ACKNOWLEDGEMENTS. 2645. 636
wEoss ciedruuCeS. oosvoSOOO