The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-08
FINANCIAL and COMMERCIAL.
Stocks Strong and the Under
tone Encouraging.
GOLD DECLINED TO 1Ie l-2.
Money Still Easy-Fforts to Re-
sumo Specie Payment.
WALL STREET,
WEDNESDAY. July Id p. III.


very confident tone exhibited to-day In
all stock circles, and, Will be seen by reference
to prices the MARKET II not active, was strong.
Outside orders are reported to be coming In,
and cheap securities are being quietly absorbed
Dy those VINO are expecting an ADVANCE In the not
Instant future. Conversation among tradesmen
Indicates q more hopeful feeling in their depart
ment ana there Is lair reason for the assertion
OF the belief that the autumn months Will witness
4 renewal OF prosperity throughout the country.
We have seen the worst Good crops are grow
Ing, our people are economlzing, our export de-
mand Is increasing, the railroads recently at war
have made peace, and there are no disturbing
elements at work that can be discovered. 1t is
but natural that sanguine and shrewd observers
Of the financial situation under these oircum-
stances should select the present as favorable
opportunity for investment, and that IN response
90 their purchases the general market should be
nrm, with an advancing tendency. Sometimes
Wall street strikes the Keynote OF general
prosperity, and It is not among the improba-
btllties that even nov 1t ls echoing through the
land. arousing fresh energy and inspiring new
courage.
THE ACTIVE STOCKS
to-day were Pacific Mail, Lake shore and western
Union. The last-Damed. however, was the leading
feature, rising from so to S1h and closing at SIX
N1. Lake Shore was next In Importance, and
advanced from sou to cox. closing at COZ. Pacific
Mail was again conspicuous for its strength. and,
after opening at 4oX and selling down 10 40K.
moved up to AZ, ending however, at AK. IL IS
rumored that the company Is about closing nego-
uations for the sale OF some OF It's sidewheel
steamers Erie sold from AZ to 15X. The friends
OF this road, notwiths audlng its present condi-
ton. profess TO Ioresee mncn higher prices. st.
Paul. common, was nrmer, closing at 34% the
preferred at 57E-a gain since yesterday Of ~ per
cent Northwest, commons moved up to 39,S rom
ssH ending at the higher price; the preferred
stock sold at 50H 6oh. Mariposa advanced to
13K. Rock Island sold at 1881 a 1o4. New York
Central was steady at 105; Ohio and Mississippi at
231f q 23X 23h. Union Pacific closed at 1914,
alter selling at rs and 75X. Panama was quoted
all day al 12e. Missouri Pacific was firm at 5OA.
Hannibal and st. Joseph stinened to "a
ADVANCE AND DECLINE.
The changes since yesterday are as iollows:
ADvANcE.-Atlantic and Pacific Telegraph 4;
Atlantic ana Pacific Railroad, l; New York Central
n Delaware are and ascEa"aana Al Ere
SHORE q pan ana Ms sinn
lerred, IL; Mariposa, n; District OF Columbia
'G Observation-Disclosures S, common, IL; gold, *;
Erie In London, e.
The stationary stocks were c., q. and |. G.,
Panama, Rock Island and Wabash.
THE SALES TO-DAY
amounted to ABOUT $4,000 shares, which were
divided among active securities as follows:-
York Central ana Hudson, 22l Erie, S,40O; Lake
Shore 80, 500; Northw estern, 5,lOo; Northwestern
preferred, 200; Rock Island, 200; Pacific Mail,
3D. 400 st. Paul, 1880; Sc. Paul preferred, $500;
Ohio, 1000; western Union, 1900; Wabash. 500;
Union Pacific 1000; c., g. and l. Co. 300.
OPENING, HIGHEST AND LOWEST PRICES.
The following tagle shows the opening, highest
And Inwaet pricaz nj the daV.--