The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-14
Still Further Depression in StOcks---A
Report from Western Union.
GOLD ADVANCED FROM ll5 81 TO llG 3-8
Rag Money S5S4-Money on Call Easy at IL
and 8 Per Cent-Another Heavy
Failure in London.
INVESTMENT SECURITIES STEADY.
WALL STREET,

NJ
The stock market to-day presented salient features
that require more than passing comment The Ohio
election had no perceptibe effect and dulness ruled
Nor does the barometer Of the street indicate i'm.
portant changes in the future With the entire
class of customers deluded by bad railway management
facts and figures sudiousy concealed and bunder after
blunder committed by railway directors the endeavor
20 fill their pockets rather than conscentiously
attend to the interests Of stockholders need be
subject Of surprise that many OF the best friends and
strongest supporters OF various avore securities have
been driven from the speculative arena and that the
latter is left to the Of few ambitious operators
and their brokers' Such condition Of affairs how
ever is too abnormal to exist without reaction The
capital involved the great highways Of the country
cannot always BIO held in check by who
palpaby violating their trust and, one by one, corpo
rations succumb to the laws that direct real val
ues and so pass into the hands Of those whose purer
business morals will enlist confidence IL is
not too broad a statement that we the OF a
new in railway history. The intervention Of
receivers delay in settlements and decline prices
among the prerequisites Of recovery, and if the
zeal owners OF bonds and stocks have patience they
will doubtless see before many months, a change that
may be striking contrast with system that just
does not bear investigation and analysis In
V MARKET
the principal changes and the largest activity were
shown in Western Union, Lake Shore Pacific Mail Mis-
souri, Pacific and Northwest The fluctuations were
considerable and the generally suggestive
of frmer undertone for tomorrow, unless
event shall occur TO interfere with the plans of
The bulls. Western Union opened at rs and sold
down to 1874, but after the announcement of
the favorable report Of the company the recovery from
lowest prices energetic and the close made at
Hs4 An abstract OF the shows the follow
Ing results .-serhe profits the wear were apDed
tollows:-Dividends So 702, 354 interest on bonds,
S42 1884, and surplus on hand, $102 AL from which
additional amount Of $50 900 has been paid to the Union
Trust Company for account OF the sinking fund. The
profits for nine years ending June 30, 1875,
500 344 056 and the disbursements for dividends and
interest," Sill 1914 $685. The balance is represented by
the construction and purchase Of lnes stock in
various companies and real estate in this CITY," Pacific
Mail opened at 36% declined 35S and subsequently
advanced to 1914, ending at the opening price. Mis-
souri, Pacific developed greater strength than ex
pected under the recent circumstances connected with
the company but learn that confidence its future
has not been entirely wiped out by decline of its
stock to 1418, which the opening price
At the close there were free purchases at 164 a
1872. Rock Island opened 103 and was steady at
this figure during the day St Paul receded from 32k
to 81 but recovered in final prices to 324 The pre-
ferrcd stock sold at 61% 61 g. Ohio and Missis-
sippi ended at l5s after sales at 1914 Northwest
mon began at 35h, declined to 344, rallied to 35 and
ended at 34X The preferred stock finished at 4oh
after transactions at As 49, 49, Atlantic Pacific
preferred sold at ga So. Hannibal and St
Joseph quiet at II 161S II; do, preferred at
cox 2oK. The remark may be made of Erie
which generally steady at 1873 16I. Lake Shore
sold at 53k So SEA- rallied to 53s, and closed at
s376. Wabash was neglected. Union Pacific ended at
B6A CT, which about the opening price New
Jersey Central since yesterday declined / per cent
Michigan Central y per cent.
ADVANCE AND DECLINE.
The changes in closing prices since yesterday as
follows:-
ADvANcE.-Mssouri Pacific, Ia; DISTRICT of Colum-
bia 3-65 bonds u gold "a.
DEcLISE.-Atlantic and Pacific Telegraph, u; New |
York Central, al O., G. and i. O., u Erie ID Hanni- |
bal and St. Joseph, n Harlem, Il; Northwest com
mon ~ do. preferred " Ohio and Mississippi, u
Quicksilver, u Rock Island u Northwest preferred
y; Wabash a Western Union u Michigan Central |
u; New York Central l.
SALES TO-DAY.
The transactions at the Stock Exchange to-day aggrc
gated 40 100 shares which divided among active
securities as ioows:-New York Central and Hudson
1872; Erie 50O Lake Shore, 29,57o Northwestern,
80 800; do preferred 1905 Rock Island, $780, Pacific
Mail, 1900; St. Paul. 1880; do. preferred, 1,2oO
ohios, 1000; Western Union Sc 500; Wabash, 200;
Union Pacific 5,Ooo New Jersey Central ,oOo Mis-
souri, Pacific, 0, 100; Hannibal and ST. Joseph, 1900
HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest and
rtt..