The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-23
FINANCIAL and COMMERCIAL.
Blocks Generally Firmer-ANew Arrangement
Between Panama and Pacific Mail.
Money Easy at 2 La a 3 Per
Cent.
Sold Id 7.8 115. Foreign Exchange Steady
and Government Bonds Strong
WALL STREET,
THURSDAY, April 22--o r. NJ.


The most important feature In the financial
market to-day was the announcement, quietly
made, that at last, after much discussion and de-
lay, the pending controversy between the Panama
and Pacinc Mail companies has been settled sat-
isactoriy TO both parties. According to the terms
Df the adjustment Panama is guaranteed $4,000
per month, a sum that viii handsomely increase
its ability TO pay large dividend, independent OF
its South American and European trade. Fuller
details OF the Arrangement will be found else
where 1t Is, perhaps, too early TO speak posi-
lively OF the effect likely TO be produced by the
same, for all OF the moves upon the chessboard
may NOT be determined upon. but the stock mar
ket during the next sixty days promises to be re-
plete with peculiar interest to parties on both
sides OF
TEE SPECULATIVE FIELD.
The prices or Panama to-day we're 14l, 142, and
It was subsequently bid for at 143. Pacific Mall
opened at As, advanced to 45H, declined TO Az,
recovered to 455s, and closed at Az. As the time
for the closing OF tue books is near at hand It IS
not unnatural that this stock should be compare.
lively nrm. Union Pacific was exceptionally
rrong opening At TAX and advancing steadily to
Bx The emo was made at 7oH, wabash was
also unusually strong, on rumors OF an arrange
nent looking to Its future welfare, advancing to
6X and closing at 16A. Atlantic and Pacific
Telegraph continues TO be held by former in
WeStorS, ana little BtOCk IL 10 DE Hau AZ less imam
~ 26H 2eX. News from the steamship Fara-
nay Is awaited with much interest. OHIO ana MIS-
nssippi rose rom 27X to 2S4, but closed At the
opening price. Lake Shore partially recovered
Rom Its depression, and advanced from NIX 715s
60 72X, closing at 72%. st. Paul common finished
&C 37B. Northwest common moved from
42x to 42I, which was the inal price.
Eric fell OF from 31x TO 3oH, closing
ct s0X. western Union sold at Tx IS
ssZ a 7SZ. The general tone OF the market is for
the moment In favor OF higher prices, the feeling
being based on the present and prospective ease
In money; yet II Ia worth wnile to remember that
reactions have been frequent during the past
ninety days, and when lair PROFITS we're available
they have been 'scooped in" without regard to
consequences.
THE SALES OF TO-DAY
amounted 20 about 2ls,Ooo shares, which were dis.
trtbuted among the active stocks as follows New
York Central and Hudson River 45o; Erie, SO. 500;
Lake shore, $4,000; Northwestern. $4,000; North
western preferred, TOO; Rock Islano, 300: Pacific
Mall, 20, 500; st. Paul, 500; st. Paul preferred.
1907 ohlos, 1920; Western Union, 1900; Wabash,
1880; Union Pacific. 40 700; Panama, 1900
ADVANCE AND DECLINE.
The following figures show the changes since
last EVENING"
:. ADyAScE.-Atlantic and Pacinc preferred, x;
NsT fGac ana W anq shSrs
X; Northwestern. Il ONO and Mississippi. u;
Panama, az; Rock Island, = 81 Pau. 4; wabash,
Pacific ~; Northwestern preferred, Il; god, "a,
DEcLlSE.-Erle. y; Erie III London, "
the stocks that remained steady we're At
iantic and Pacific Telegraph, Pacific Mail, Harlem
and Hannibal and Sc. Joseph.
OPENING. HIGHEST AND LOWEST PRICES.
the following table shows the opening, highest
NJ