The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-26
FINANCIAL and COMMERCIAL.
The Stock Market Steady and Operators
Awaiting the Next Turn.
q O L d l17 Ia .
Money Stronger and More Active in Call
LOans-FOreign Exchange Firm.
WALL STREET,
~. -. V...1 OE n ID NJ


stocks to-day presented no specially new fea-
lures and were not affected by exciting causes.
The prices generally were even less variable than
usual and showed the presence or good sustain
ing power in view or the fact that predictions yes
terday pointed lower figures. The strength is
not yet sQcn, however, as to indicate that the
market has turned, or to promote a widespread
belief that are entering upon bull campaign.
Nevertheless there IS something worth consider
er1ng In the suggestions of those who profess to
read the signs OF the tuture that, 1t being no
longer profits TO depress securities Tor specua-
tive purposes, and tho leading bears having ex-
hausted their force, the moment Is opportune for
rise and more substantial improvements. The
tact has frequently been stated in this column that
that class or investors who buy when prices
are apparently the lowest, as for instance, during
DR. Immediately after panic, have been free pur-
chasers OF many Of the cheap stocks, and 1t is not
unlikely that many others will follow their ex-
ample III a more speculative way whenever they
are satisfied that a cnange for the better Is GER
tainly in progress. While there may he nothing
In the condition of the country TO excite greater
encouragement now than sixty or ninety days
ago, while we are on the edge OF possible sum-
mcr dulness, while no additional merit may have
been discovered in any security that may De
named, IL IS to be borne in mind that Wall street
speculation is seldom Influenced by the events
which affect legitimate business when
CAPITAL IS SUFFICIENTLY POWERFUL
TO dictate its own terms and shape It's own course.
The principal activity to-day was SHOWN in Pacific
Mail, Lake Shore and Erie. The former opened at
30, declined to 3sA, recovered TO 39h and ended
&C So Lake Shore fell or from 81 x at the opening
10 COZ, and ended at 6l. Erie gave signs OF re-
newed vitality by advancing from 1917 10 1874 the
closing being made at tnis figure. Delaware and
Lackawanna advanced from 80 70 12lA. Hannibal
and ST. Joseph gained q per cent ending at %.
Western Uclon was steady and strong at 7414
743s 746 74sS the last being the closing figure.
Panama moved from 13l 10 1884, Quicksilver rose
from 15}a yesterday 10 1914 II; the preferred sold
at Is a 2316. Union Pacific sold al 1871 70 1871.
ST. Paul common ended at the opening figure,
to wit, 32z, with but slight fluctuations. WABASH
fell on TO Ga Northwest common was steady at
a77x a 37ss Marposa was active at from ga
ex New jersey Central sold at Ill and for small
lots at l1lk. Rock Island was steady at 103
1927. notable and further decline occurred III
American Express stock from 551s 10 so, the figure
arst named. however, representing transactions
In only We shares OF stock.
THE sALEs.
The transactions on the Stock Exchange to-day
aggregated 154 1876 shares which we're distributed
as iollows:-New YORK Central and Hudson River
100; Erie 4.2bo; Lake Shore. 4S.SOo; Cleveland
ana Pittsburr, 900; Northwestern, 700; do, pre-
ferred, 200; Rock Island, 500; Pacific Mall $4,000;
st. Paul. 1000; do, preferred, 100; ohlos, 800;
western Union. 10000; Wabash, 500; Union
Pacific. $500; G., @. and l. c. 100; Panama, 100.
HIGHEST AND LOWEST PRICES.
The following table shows the opening. highest