The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-12
FINANCIAL And COMMERCIAL.
A Rally in the Stock Market Spectators
Waiting on the Ohio Election.
GOLD ll6 5-S-RAG DOLLARS WORTH S5.75.
Government Bonds and Railway
Securities Generally Firm.
WALL STREET,
MONDAY. Oct. ll-6 z. N

N
Tho stock market yesterday was full Of incongruity
Alternately weak and strong it yet exhibited symptoms
of latent strength which it impossible to underesti
mate In the early trades there abundant evil
dences OF free selling but these symptoms soon
supplemented by strong buying movement which,
although only affecting Western Union Lake Shore and
Union Pacific soon communicated their tone to the
whole market In Pacific Mail and Northwestern there
was a feversh condition apparent but these stocks
the first to feel the effects Of the rallies in the
other securities and closed at about the highest prices
of the day. II asserted with some show OF reason
that the Ohio election would not Immediately be felt
upon the stock Market whether the verdict for
IyFLATIoS OR CONTRACTION,
but notwithstanding this the Of both ideas
seemed to be in the humor OF buying STOCKS and there
fore Joined hands in the advance The contractonists
the part argued that IL their theories were In
dorsed, stocks should advance in obedience 10 the
thought that all good securities were rendered more
by refusal OF the country to countenance re-
pudiaton or imitation The in1ationsts, on the other
hand claimed that speculative properties would be
largely advanced by election Of the Allen rag money
ticket and virtual recognition of the principle that
another Of paper money would be increased pros
perity for trade the people and the railroads II is
not surprising, therefore, that the quotations show
material advance over Saturdays prices Whether
MARKET
The most active securities to-day were Western
Union, Pacific Mail Lake Shore and Northwestern.
Considerable interest likewise shown in Missouri
Pacific which, towards the Close rallied up to 20, clos
ing at 1873 90. Union Pacific showed unexpected
tivy and moved from 63h to 68, with large purchases
by the former friends Of the stock Erie opened at
1871 advanced to tx and closed at about the latter fig
Lake Shore opened at 521 and after various uc
tuations advanced to 53s closing at 53H Northwestern
opened at S. sold down to 34h, and afterward
led in the advance selling up to SO, closing at 357s So
The preferred stock sold at AZ and closed at 40 after
selling at so. Ohio and Mississippi steady at l5k
and closed at 15, which the last price Western
Union opened at FAX, advanced to 1874 closing at 1874
75h Pacific Mail opened at 35, sold down TO 345s
and advanced to 1864 and held the advance at the close
The changes the other stocks will be found recorded
below.
The transactions at the Stock Exchange to-day ag-
gregated 1877 900 shares which, among active stocks,
distributed follows:-New York Central and
Hudson, 49, Erie, $780, Lake Shore, $3.50; North
western, 80 $50; do. preferred, $780, Rock Island,
10; Pacific Mail, 81 600; ST. Paul. $500; do. pre-
ferred 1880; ohios 3,4oo; Western Union, 1880;
Wabash, 800; Union Pacific, 12,6o0; Delaware Lacka-
and Western 1920 New Jersey Central, 24S5;
Michigan Central, LOO; Missouri Pacific, $3.50
OPENING, HIGHEST LOWEST
The following table shows the opening, highest and