The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-06
Stocks a Trifle Stronger Sharp Engineer.
ing Among the Bulls"
GOLD lis 3-S---ll5 5-8---1l5 IA.
Rag Paper S6.77-MOney on Call Easy at Per
Cent-Railroad Bonds Firm.
The Panama and Pacific Mail
Companies.
WALL STREET,

FRIDAY Nov. &c NJ
The stock market opened weak and within the nrst
half hour OF business declined from 4 to per cent
below the closing prices of last night Thereafter 1t
remained in feverish and uncertain condition until
past midday appears that the sharp decline Of yes
lerday in the bonds and stocks of Union Pacific in
huced fears that it would endanger the standing OF
certain loans upon the same and hence It became i'm
pcrative that the nominal quotations should be
turned the points from which they had broken. The
sinking fund bonds therefore taken in hand at
early hour and gradually advanced from 81 to 49, with
subsequent jump to "a and 85-a comparatively safe
and easy undertaking II it is claimed that the
stock has any value After the bonds reached
"a the stock which had before huctuated from
624 6316 6215 SO 62a4, was rapidly
moved up to G5 and closed with that bid. So far from
the prices of these securities having been unavoraby
affected by the concerning adverse decision
by the Supreme Court in the company's suit 1t is more
likely that average operators reasoned that any fore
knowledge of the kind impossbIlity and that
therefore, they much more likely to have been
purchasers than sellers of the stock at the decline II
Is noticeable that there 900 shares traded
in yesterday, against 200 shares to-day.
PACIFIC MAIL
opened at SO, and after decline to 37 nuctuated be-
tween 3s1 S71s IS, until the movement In Union
Pacific above took place, when it advanced to and
authority for confirming the referred yester
day, to witThat the Panama Railroad has given the
required notice TO the Pacific Mail Company that the
contract recently made between the two companies
must terminate at the expiration Of the noticed time
ninety daysand further that it is the intention of the
Panama Company hereafter to run its line OF
steamers between New York and Aspinwall and
Panama and San Francisco 1t is also stated that the
notice from the Panama Company contained demand
upon the Steamship Company, the nature of which
are only permitted to guess from the fact that the
Steamship Company is largely in arrears il its pay
ments of the railroads proportion of the traffic
ings for the past four months.
GENERAL MARKET,
as before stated was barely steady at the decline OF
yesterday until after the movements in Union Pacific
and Pacific Mail above described the 'bulls"
seeming to regain courage, commenced to hoop" the
entire list and succeeded in establishing at the close
average advance last night and in frightening
the few 'bears who had increased their sales during
the mornings dulness into buying thus giving the
market apparently firm close. Western Union
the single exception the weakness of the morning
hours, remaining firm at 75a 49, and finally closing
ut 76ta yet when it Is remembered that this stock
pays quarterly dividends of two per cent its present
price, when compared with the prices OF some OF the
railroad stocks which pay none and show
no prospect Of paying any, cannot be con-
sidered exhibition OF much strength
The fact illustrates how fictitious the
present sought be established by speculation
Lake Shore opened at 6oh and sold at 601s 6oz
6JS 604 sos COS, and then spurted to 6116,
with final sales at els and offered at the price,
The North Western and 81. Paul stocks were weak in
the early trade, but under the generally ''better''
Keeling the recovered and "a per cent, respec-
lively, from their lowest sales Erie was quiet only
fuctuatng between 17lS a Il TX 173s. The mar
ket rule closed rIn the highest prices of
the day.
ADVANCE AND DECLINE.
The changes in closing prices at the close Of the
market to-day compared with those OF yesterday
tollows-
Observation-Disclosures and Pacific Railroad preferred
y; Hannibal and St. Joseph, az Lake Shore q;
Northwestern common. u; Ohio aud Mississippi, IA
Pacific Mail, l. st Paul, u do preferred "a Union
Pacific, .; Western Union, ~ Missouri Pacific, q
Michigan Central . New Jersey Central, q District
Of Columbia, 3-65 bonds "a.
DRcIINE-C., c. and l. C., *; Northwestern pre-
Icrred, =; Panama, u Quicksilver a; Wabash 70
gold, "a.
sTArIoxARY-Atlantic and Pacific Telegraph New
York Central, Delaware and Lackawanna, Harlem
Rock Island and Erie in London.
TUE SALES TO-DAY
The transactions the Stock Exchange to-day ag-
grcgatcd l50 700 shares, which distributed
among active stocks follows-New York Central and
Hudson 234; Erie, $50; Lake Shore so 200; North
western, IA, 500; do preferred, 100; Rock Island,
1870; Pacific Mail, 48,2O0 ST Paul, LOO; do pre-
ierred 5Oo ohos 700; Western Union, rs $780, Wabash
100; Union Pacific, $780, c. G. and l. C., 1900;
Missouri Pacific, 1906 Michigan Central 100.
OPENING, LOWEST PRICES.
The following table shows the opening, highest and
nric nP tho dav