The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-02
The Stock Market and Its Prospects,
A Rally To- Day.
GOLD ACTIVE AT Ia IA TO Ia a.
Money Easy on Cali Loans at 2
and 5 Per Cent
THE BOND MARKET STEADY
WALL STREET,


The general situation IN the stock market to
day lie not materially changed. Extreme dulness
prevailed in the early hours and, with one or Two
exceptions, The range OF prices showed the alb
Rence OF q large buying movement In the ma
jonty OF instances, however, these we're nrm wen
sustained ana calculated 70 provoke confidence,
although, had the latter not been interrupted oy
sne late sudden shock, IL would doubtless have
continued 20 invite investors aud may have re-
suited In Q stronger market II was probably
fortunate that sucA . check came az the Time is
Old for II served 20 recall Ihe caution that seemed
70 have been lost In the temptation 70 secure large
PROFITS. Important combinations are understood
60 be on foot between some OF the large corpora
slons and considerable activity Is expected 10 be
developed whenever the result - made pubic.
Toward the close greater activity was exhibited,
the cause being reported financial troubles IN
Germany, under the influence OF which consid-
cradle selling TOOK place. Tnls was quickly fol-
lowed by more favorable news, whereupon the
buyers again came 70 The 'front.'. and BY their
CONFIDENT ATTITUDE
put many prices TO the highest point OF the day.
The particulars or the "nurry' win be found in
another column. The close Of the market was
strong, ana brokers and operators again lett the
street encouraged By the unexpected events OF
the oay-always excepting, OF course, the unfor-
Inmates who, selling What they did not own, came
ont short, sad ana demoralized. The movement
OF speculation on the other side Of the Atlantic, as
t Ia described by cable reports IS not likely to e1
ert dangerous influences on our own market, be-
cause II appears that principal sufferers are
the ''bearSn The extraordinary Duoyancy re-
ported Is the result OF operations In the French
loan ana OF the extravaganza that has grown out
OF plethoric and inflated condition. In other
words the Germans OF 1875, ike the Anericans OF
ls73 nave apparently gone crazy over too much
money.
THE RANCE or PRICES.
Western Union opened az 7s5s. declined 70 TX,
advanced 10 7sk and closed At IS. Pacific Mail
moved from a down to Az, MP 20 49, and nnally
10 49,. Panama sold at 119 10 10 the extent Of
BOO shares, the price receding about per cent IN
consequence OF q failure 70 reach . contemplated
agreement between this company and Union Pa
cinc. Atlantic and Pacific Telegraph sold at PAX
. rs. Lake shore opened at It's highest price
TsX, fell on 70 731[ and closed at 1874. HanniD al
ana st. Joseph was made acuve BY spectators,
and advanced from 2eR 20 20, ending az 2s<.
wabash opened at 154, iell on 70 AZ and re-
covered 70 49, amid signs OF considerable ma
nfpuiation. Hannibal and st. Joseph ended a. IS.
Union Paclnc sold al Ga e374 50, seller 8, 65
So 65S a O. a 64sl a 65 a COZ 65sz 81 66I
North western common sold at IS a a.. ending az
az. OHIO and Mississippi began 81 2Sss, improved
4, SOLD down TO 2sz ana ended al 2sl. New Jer-
sey Southern sold at 81 as4; c. c. and l. G. at 8,
Erie al 5oh 20. Soi4, ST. Paul common a. 81
. 90 . ass 3sA.
ADVANCE AND DECLINE.
The prices a. the close, compared with those OF
yesterday al the same nonr. were as f0noWs:-
ADvAacK.-New YORK Central. X; Erie, s. /; Han
nlbal and S. Joseph, - ONO and Mississippi
h; St. Paul, y; Union Pacific, 2h Atlantic and
Paclnc Telegraph, 4 gold, y: Erie In London x.
DECLINE-C., =. aud J. =, = PACING NAL, = !;
Panama 2; wabash, y; y Western Union, y.
The stocks that remained steady were :-Dela-
ware and Lackawanna, Harlem, Lake shore,
Southwestern common and preferred, QuIcksIl-
ger Rock Island and Canton.
OPENING. HIGHEST AND LOWEST PRICES.
Tne following table shows Ine opening. highest
and low eat prices or the day.