The New York herald., 1875-09-14
FINANCIAL and COMMERCIAL.
Stocks Lower, 0bedient to False Ru-
mOrS--The Market Active.
GOLD 1l6 A ll6 So A 1l6 3-s.
The Bond Market Generally Firm-G Governments
Steady-FOreign Exchange Quiet
Money at Usual Rates.
WALL STREET.

MONDAY, Sept. 13-6 L. y.
Wall street unusually and unnecessarily excited
to-day The Rumor Committee as it is now popularity
known, assembled early hour and from that time
until near the close the disgraceful made
of business for the purpose OF adding to existing
dstrust and thereby breaking the market The con-
sequence natural one, for at the moment 1t was
impossible to verify contradict the whispered state
ments which in a mysterious way were communicated
from mouth to mouth. We do not propose to
unite the names OF the suspected parties with
the ordinary street gossip, for cruel in
justice might be done to old and estab-
lished houses; but 1t is we'll enough not to lose
sight OF the fact that where there so much smoke
there be fire, and that the time is not far
distant when the suspicious of the street may be real
lied. Too strong words however, cannot be used in
condemnation of that speculative spirit which jumps
q conclusion before the established fact and compels
ruin that might have but for the reckless
of street taters and the crminaity of those who
originate lethanded lies The effect of these reports
upon
MARKET
very decided and led TO decline of prices that was
not expected when the market closed Saturday The
principal depression shown in Ohio and Mississippi
and Lake Shore The former opened 10 and receded
to H. the closing price The latter fell of from 5696
54%, ending at 54s{ Erie ended 1871 selling
l Is, and there unavorabe statements concerning
The future of the stock The Sir Edward Watkn
clique since their departure, not accredited with
the wisdom that certain parties sought to attach to
thcm while under the influence OF wine and title.
Figures again coming to the front The public
ously await a statement of receipts and expenditures
and the full why a change has been made
IN the direction Concerning
MAIL,
the story in circulation that the steamships City
patt Tol,i he hv n
sion. Some three four parties the direction are
said to be hostile the interests the company and
using their opportunities in behalf of the railroad
people on the one hand, and their aggrandizement
the other. Attempts understood to have been
made to the most damaging reports to the end
that the stock obbers may step in and make their
on the market If they succeed 1t is not improbable
that tho whole line will come under the con-
troll of n set who will continue to play with
the stock n football in manner that will
throw the operations of Stockwell and his speculative
fraternity entirely in the shade. We trust that the
tory is not true; but the company is rich in re-
and connected with the welfare Of the Amcri-
marine the Atlantic and Pacific coasts that
while it lasts it is likely to be the prey of every specu-
ative cormorant 1t will not be surprising therefore,
If sudden changes recorded in the price of the
stock Meanwhile it may be noted that for the last
week it has been of the steadicst securities the
list Notwithstanding the depressing influences which
elsewhere have been successfully brought bear.
The price to-day 371S at the opening and 3714 at
the close. The highest price 3S7S. ST. Paul sold
at SO So do. preferred closed 62H Western
Union opened at So sold down 7sI and closed TO-
Strong buyers OF this stock were observed at work
suring the day. Union Pacific strong and steady
at 1879 74A. Other changes unimportant
SALES TO-DAY
auountod tn 1oi OOO shares vhirh wcro dietrihuted
among the active stocks follows:-New York Cen
tral and Hudson River 100; Erie 2s 9O0 Lake Shore
90 250 Northwestern IS $50; do preferred 40O Rock
Island 1900; Pacific Mail, 14,55o ST. Paul. 2,9O0 do
preferred 1,75O Ohos, 2o,5OO Western Unon 26 100;
Union Pacific, S00 c.. C. and c., 500.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and