The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-14
WALL STREET NOTES.
THE NEW RATES OF CoNMIssIoN-AN OPPOSE
TIoN BoURsE PRoJECrED-PAc1FIC MAIL-TH

THE NEW RATES OF COldBIssION-AN OPPOsI-
TON BoURsE PRoJEcTED-PACIFIC MAIL-THE
SALE OF THE GRAND OPERA HOUSE
Yesterday Wall street was quiet The nuctua.
lions In the market Will be found recorded in the
appropriate column. The OUTSIDE public do not
seem to be willing to take any new speculative
ventures until the Moguls OF the Exchange more
clearly define their policy. although 1t observ-
able that any strength In the market was re-
sponded to with alacrity, while the occasional
depressions seemed to be achieved With great
effort. One thing especially calculated to cause
dulness Is the nigh rates OF commission recently
established by the Governing Committee. This has
entirely cut OF the army Of small SPECTATORS from
active trading, and so universal is the sentiment
IN opposition to 1t that call has been issued for
model All In iavor OF the movement are invited
to meet at the Fiitn Avenue Hotel on Thursday
evening next, az eight O'Clock. Tue originators OF
the call say they can procure charter from the
State to legallze transactions and that room IN
the City Hail viii be procured tor their purpose.
1t is well knJwn that the Governing Committee
carried through their scneme by the 'whIp," simi-
lar to that employed by political leaders, and,
the new laws, men OF small capital find their buSl-
ness nearly ruined.
received no solution yesterday. The stock was
exceptionally strong, and 1t seemed 10 be under.
going manipulation by the old dealers IN II. The
"
will not leave until Tuesday next.
MEETINGS AND DIVIDENDS.
At the annual election OF the New YORK Fire
Insurance Company, held on the 10th OF FEBRUARY,
Mr.. Daniel Undernlll. who has been connected
with the company for many years. was reelected
President and Mr.. Augustus ColsOn Secretary.
meeting OF the first mortgage bOndholders or
the Great western Railroad Company OF 1859 and
the IliinOis and Southern Iowa Railroad Company
was held yesterday afternoon AZ the omces OF q.
@. Haven Co., No. II Wall street. over eight
hundred thousand dollars worth OF bonds were
represented, and Daniel II. Lord presided. After
o brief discussion IL was decided That the FIRST
mortgage oOndholders OF the Great western Rail-
road Company OF 1859, and the Illinois and south
ern Iowa Railroad Company, both OF the state OF
Illinois, being DESTROYS OF protecting their inter-
ests by seeing that the earnings OF these roads are
applied according 70 priority OF liens, ana not de-
voted TO the payment OF the floating debt 10 pref
erence To mortgage liens, should appoint Messrs.
Brown, Grlswod ana Baldwin committee to APP
piy--f necessary, by judicial proceedinRs-fOr the
appointment OF q receiver to carry out the above
objects. On motion, the CHAIRMAN Mr.. Lord, was
added to the committee. This committee was In
the b0ndholders OF the eastern por lion the road
Will be duly notified.
The Bull's Head Sank has declared dividend Of
i've per cent, payable on the LIST day OF March
next.
The sale OF the Grand Opera Hopse by the Erie
Railway Company was freely discussed BY those
interested IN the RAILROAD, and ttASe was good
deal o speculation as ~ the new proprietor, Mr..
reporter snort time since that ne nad purchased
the property; but IL Is now supposed ne has be-
come tue owner, and that she celebrated building
at the corner OF Eighth avenue and Twenty tnlrd
street, once the home OF opera boaDe aud the
RAILROAD COUP DBrAr
10 to be turned into u'e 0rande NATION dc "n"-
veattess