The New York herald., 1875-10-08
FINANCIAL and COMMERCIAL.
Stocks Dull and LcWer-Th9
Outlook Uncertain.
RAG DOLLARS WORTH S5.47.
Money on Call Hardening Opened and
Closed at 1l7-More FailureS-G00d
Bonds Generally Steady.
WALL STREET,

4.
The results OF the market to-day not calculated
strengthen confidence or invite outside business On
ne contrary it was generally recognized fact that
,rces chiefly sustained by two parties who
re persisently holding certain line Of stocks and
leavorng to correct the weakness that has been per-
eptble for several days That the efforts Of these we'll
mentioned individuals are without avail and that
lgures responding to causes which are not for the
moment within local control Is attested by the contrast
n the closing prices to-day and yesterday Il is Of
curse impossible to say when the bottom viii be
cached but it is safe to observe that until there Is
PRACTICAL evidence Of commercial recuporaon, until the
process Of liquidation has ceased until this sensitive
market is longer disturbed by suspicious Of mpend
ne danger, until investors realize that tho volume Of
mrrency not be changed by legislation, until rail
say corporations the publication Of their
eipts and expenditures until in BRIEF the great
hadow that separates the present from the future is
tssolved we shall enjoy no permanent recovery from
existing depression.
THE STOCK MARKET
Affords but little material for comment The transac-
ions Indicated unusual dulness The principal deal
ngs were in Lake Shore, Western Union, Missouri
Pacific and Pacific Mail In point Of interest Missouri
facilc the leader, opening at 23S, advancing to
M then declining to q a. with a close at 22sS The
MYSTERY connected with the downward movement OF
his stock viii probably be explained in two three
lays II may be said meanwhile that bitter feeling
Hists among those who were its strongest sup.
,orters and that not few victims clamorous for
N investigation Lake Shore supported, 1t is
aleged By a single operator and to the steadiness OF
MS stock is ascrbed the ability OF the general market
resist pressure The sales were at 54 54sS 541E,
nth close at 5411 Pacific Mail vibrated between SO
E361S 35s[, which was the last price Union Pacific
,od at 61sl 62K 61S. Western Union
,arativcly steady at 764 and ended at 757s 7524.
Atlantic and Pacific Railroad preferred declined to 575
sut closed at bid No official statement has yet
made concerning the financial condition Of
he company, although the
,ected from a meeting OF the directors 10 day.
The Chicago and Rock Island earnings for
August show an increase Of SEQ 600 last year
she stock market closed up firm, except for New Jer
ey Central, Delaware, Lackawanna and Western and
Michigan Central New Jersey Central was especially
weak, and dropped to 1908, decline Of AZ per cent
or the day Delaware Lackawanna and Western de
slined from 1lSk TO 11T1 and closed at 117s4 Mich
gan Central fell of from ia to 56A. The decline in
hese stocks attracted attention, and yet it is mpossi
se TO give reason therefor because officials are ret
tent and the figures connected with these operations
are thus far incomplete Private advces from Toledo,
where the directors and stockholders of Wabash Ia
consultation, indicative Of substantial change for
he better. II is yet too early TO discuss the amend
that under consideration, but the stock
holders profess feel much confidence in the efforts of
Hr Ashley who is their appointed representative and
this capacity is endeavorlng to reconcile conflicting
interests and replace the road upon its former footing
OPENING HIGHEST LOWEST PRICES
The following table shows the opening, highest and
fsH1