The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-01
WALL STREET NOTES.
DANIEL DREW AND HIS AILMENTs-PAcIFIc
NAIL STEAMSHIP AND THE PANAMA PPoB-
LEM-sPECIAL LEGISLATION IN ALBANY

DANIEL DREW AND HIS AmMENTs-PAcIFIc
NAIL STEAMSHIP AND THE PANAMA PPoB-
LEM-sPECIAL LEGISLATION IN ALBANY.
yesterday was fuzzy as exciting in Wall street as
the day before. Early IN tue morning the problem
10 be solved was whether MI. Daniel Drew would
appear and rake care OF his contracts or whether
he would still be suffering from bis chrome Illness
AT ten O'Clock the venerable operator appeared,
fresh and rosy, ana II was soon aiterward an
nounced that all or the late unpleasantness would
be satisfactorily adjusted. The gentlemen VINO
were suffering from nervousness in regard TO
Drew's contracts had their claims promptly salts
ned. This gave buoyant rome TO the stock mar
ket inviting further speculation.
THE GOLD MARKET
undoubtedly had been manipulated by the clique
for lower prices, and the premium nuctuated be-
tween 1l494 and 1141. The latter price was estab
lished in the late trade, but II was generally
conceded that the pool had sold out all their
holdings and awaited Developments III order to
determine their future action.
Union Pacific nuctuated within more moderate
range-thatis Is, between 622l and 64s, the close OF
which VIII be noticed IN the proper column.
PACIFIC MAIL STEAMSHIP COMPANY
and It's relations to the Panama Railroad next
combination oil the street. A meeting took place
at noon OF "A committee OF the steamship company
new freight and passenger rates were
amicably discussed. IL was not known a..
u tate nOuF WudL uhQ De6Q QOne. OUT Il
snrewd guess OF the result arrived at may be in
terreu from the fact that Panama advanced from
ICY IN The opening OF business to l22 at the close
IL was rted that the business OF the road had
never peen so prosperous as during the month OF
March, and that they mad been able almost to
dictate terms 10 the Union Pacific monopoly in
their conference.
The san francisco business has fallen OF lately,
but the Central American ana South American
business has increased beyond expectation.
THE ADVANCE IN TARIFFS
has been very considerable, but the open ques-
participate In the new combination or whether
the company Is 10 pc let out IN the cold and only
remain a feeder TO tue great corporations.
The election tor directors takes place on April s.
ana lt Is thought by those best nlormed tnat
but bona tide stockholders Will be represented IN
the Board.
LEGISLATION IN ALBANY
was spoken OF to-day IN reference 10 the bill OF
MIR. Mackin to extend the time for competitor or
tue Boston, Hartford ana Erie Railway Tor three
years 1t was believed TO be stockjoboing opera
ton. Again, the bill TO permit the
NEW JERSEY AND NEW YORK RAILROAD
and Ulster counties, which passed the Assembly,
was characterized IN the same manner as corrupt
ana under The same suspicion as ali legislative
bills.
UNION PACIFIC EARNINGS
are reported beng $50, 900 Tor TWENTY-FIVE days
in excess OF tue same time last year. to say 10th
ing OF ST. 900 per day from coal receipts. Letters
from Omaha were quoted In this connection, bat
as the silent man oil Forty-seventh street is sup.
posed TO be selling his stock these golden revela-
lions are not at all surprising.