The New York herald., 1875-03-18
FINANCIAL AND COMMERCIAL.
An Advance in Gold tolls L.
The Market Excited.
STOCKS GENERALLY FIRM
Money on Call Loans and Per Cent-GOv-
trrmeni Bonds Strong.
FOREIGN EXCHANGE STEADY.
WALL STREET,


WALL STREET |
WEDNESDAY. March l7--6 p. NJ.
Much interest to-day Attached 10 the course OF
prices, and at times there exhibition OF
considerable excitement. TINS was especially OBJ
servaple IN the gold market. owing 10 the import
ant advance that is recorded below still higher
prices are predicted lulnlment OF the plans OF
e clique. and If tney should be made ihere are
not q few among the watchlul observers who look
lor trouble. ire failure oi large New YORK sugar
house, the private advices rom London concern
ing the results OIL the late lmthurn failure, the un
certainty which attaches to the recent upward
movement in stocks he frMness oil government
bonds, the breaking up OF the ice and carving
away OF Erie bridges-these were incidents that
materially disturbed the calculations OF active
operators, and lett the situation unsettled and IT.
regular.
A FAIR BUSINESS.
however, WAS shown by The transactions or the
day. and at the close the recent S rong undertone
was not materially al cred. During the next sixty
oays many important ch inges are expected. The
Improvement in trade. the supposed DEMENT'S that
Will accrue railroads from spring business
when the rigors OF winner shall nave passed away
the steadily advancing raes OF some OF the great
ptapes-these and other encouraging signs arc
regarded as elements OF condition that may
give q new complexion TO the calculations OF
market. Meanwhie, the situation Is one that
may be prodtably scrutinzed, and he who makes
or loses money must do on his own individual
Judgment. The details OF the failure alluded to
above win be ound elsewhere. meeting OF Pa
etdc Mail directors held to-day, at which
rendinG differences between the company and
Mr.. John Roach, the steamship builder, were, as
the writer Is assured by competent authority, sat-
isiactorily adjusted. The failure in London of
Siordet & Co. was natural sequence OF the sus-
pension OF Imrnurn q Co.. already reported. the
principal OF the first named firm being family
relation who nad reely indorsed the paper OF his
Bon-ln.law.
THE STOCK MARKET
In the early stage was strong and showed I'M
provement ranging from !. TO per cent. Subse
uuently, however, 1t Welded 70 depressing in.
nuences and was heavy, but 1t recovered from 4
10 \ per cent from the lowest prices The leaders
were Northwest common, Western Union. Union
Pacific and Pacific Mall Erie was likewise more
shan usually active. Western Union opened at
Tx, advanced TO 7sh sold as low as 77A and
closed at 77h Pacific Mail began at 3S3s, went 10
SoH and closed at 3sls. Union Pacific ranged
from 4sA to 4e9S, closing at the latter price,
Northwest common moved from ASK TO 45I
selling down meanwhile 4s'4 and closing at
45h; the preferred stock ended at 5s31. Erie
opened at 26s&, advanced "a and closed at the
opening price. wabash Solu AT lz9a ia D l2
ONO and Mississippi ranged from 265s to 27ss, end
ing at q. Hannibal and ST. Joseph sold at "a
23h q 231; Pacific OF Missouri at 4ss 40; st.
Paul common at 35st a 357s a 355S $50; pre-
ferred stock at 5oIa Rock Island was steady at
Ioe a 1o5A Delaware and Lackawanna sold at
l1lH III l1ll4: New York Central at 1909
1ook; Lake Shore al 1876 737s 739+. other
changes will be found below.
ADVANCE AND DECLINE.
COMPARED with the close yesterday the nnal
arures to-day show the following results:-
ApvANcE-Delaware and Lackawanna. l: Lake
Shore, N; Pacific Mail, a Rock Island, =; Union
Pacific, u /; Atlantic and Pacific Telegraph, "a:
gold, q.
DBcIINE-New York Central, q Erie, 4; Ham
nibsl and st. Joseph, q; NortnN est common, "a;
Ohio and Mississippi, q; Wabash, Z; Western
Union, "a Northwest preferred, q.
The stocks that renamed steady were Atlantic
and Pacific preferred. c.. c. and l. c., Panama and
Quicksilver and 81. Paul.
THE TRANSACTIONS
of the day amounted 10 10000 shares, which were
distr1buted As follows New ork central and Hud.
son. 900 Erie, l0,l00; Lake Shore, 5000; Cleve-
land and Pittsourg, 900 Northwestern, % 500; do.
preferred, 200; Rock Island, 3,7O0; Pacific MAIL
25ooo; St. Paul. 800; DO. preferred. 100; Ohio
$500; western Union, 81 ,oOo wabash, 400; Union
Pacific, 47,612.
HIGHFsT AND LOWEST PRICES.
The following table shows the opening. highest