The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-03
FINANCIAL And COMMERCIAL.
Stocks Active and Prices Firmer---A
FeveriSh Market.
GOLD FIRM AT ia 5-S.
Money Easy and Investment Sc
curities Steady.
WALL STREET, 4.

The stock market to-day was strong but erratc.
Bulls and bears wed with each other Tor the con-
troll and the changes were rapid and exciting.
AT the last however The former held the ascend
ancy and stocks closed traction higher than yes
terday. The leader was again Pacific Mail, Which
Tor the moment appears to exercise some strange
fascination over those who take risks IN the spec
NATIVE worlo, and prices nuctuated TO degree
that permitted as many profitable turns as there
were improbable losses. The opening figure was
IS a, IRON which point 1t advanced on large trans
actions 10 39%. At this figure considerable
amount OF long stock was emptied on the buyers
producing reaction to 377s, The close, however,
was made at 3SA 3s9s. Comment was Freely IN
dulged In concerning the future OF this STOCK ana
while there were not few who regarded It's sud
den rise as a part OF
'soDA WATER" SCHEME,
there were others VINO based their confidence In
the advance on the Iact, broadly intmated, that
new relations mad been established between this
and the Union Pacific Company and tnat the lat-
ter wouli hereafter exercise over its marine rival
a fostering care. The thought gathered fresh
weight during the day, when 1t was quietly infi-
mated that a meeting OF the directors had taken
place at which II was arranged That a number OF
the latter would retire and give occupancy 10
representation from the Union PACING Board. III mas
been already announced that the rates or trans
portation are raised on both lines. The next most
important stock on the list was Union Pacinc,
which appears to have been firmly held, and, ac-
cordlng TO the indications afforded by purchases,
is advancing with more steadiness and less OF
leverisnness than any other security subject to
speculation. The opening figure was AZ the high
est price of the day, 42a; the lowest, AZ, and the
close, 4214.
NORTHWEST COMMON
exhibited unusual strength, notwithstanding con-
Trajectory rumors from the West concerning 'he
action OF the Wisconsin legislature Up TO the
closing hour OF the market no definite news was
made public; yet, meanwhile, the price advanced
rom 402l to 421I AZ, alter which there was
decline to AK. The preferred stock sold at 53a
"a. 5224 53H. Wabash opened at l21. receded
10 IL and ended at 1881 Erie, in It's seadiness,
sympathizeu with London prices, and sold rom
81. 10 27a, ending at 27}S. Lake Shore nuctuated
indlrrerently, the opening price being 1874, the
highest IA; the lowest and the close. 1914. There
was a good deal OF talk about this stock being
the ..anchor' OF the market; but thus far
It does not seem to have been employed
IN this capacity. ST. Paul sold from 33T TO 34A,
ending at 3iA. The preferred stock advanced
from 522l 20 537s and closed at 49, Rock Island
ranged from 1888 TO 1887, going down to 1o311
and ending at l03S. c., c. and 1. c. was steady at
eh. Western Union opened at 75A. advanced =
Der cent declined TO 747S, recovered and de-
clined again to 743l, and finally ended at 747S
Hannibal and st. Joseph moved up to 213s.
THE TRANSACTIONS
amount to $4,000 snares, which may be
distributed as follows among the active
stocks New York Central and Hudson,
300; Erie, 600; Lake Shore, 25,7Oo; Cleveland
and Pittsburg, 315; Northwestern, a. 500; do. pre-
rerred, 1900; Rock Island, 1900; Pacific Mall,
b. 900; St. Paul. $500; do. preferred, 700; OHIO,
$4,000; Western Union, 41,70O; WABASH, $500;
Union Pacific, 80, 100; C., c. and l. c., 500
HIGHEST AND LOWEST PRICES.
The following table shows the opening highest
and low est prlces of the day: