The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-30
FINANCIAL And COMMERCIAL.
Lively Day in the Stock Market-EXclte-
ment and FluctuatiOnS-Larse
Transactions.
GOLD ADVANCED TO liz.
Money on Call Loans Stronger---An At
tempted Squeeze"
WALL STREET.

MONDAY, March 80 T. NJ
Not for many months has there been seen such
excitement on wan street as was observable to-
day. At the opening there was moderate
ubtion OF strength. This was followed by sharp
decline with fluctuations and subsequent recov-
cry during which, under the lead OF Union
Pacific. which reached the highest point in its
recent advance, nearly all stocks showed firm
ness and invited investment. Suddenly eX-
tremey everlsh feeling was developed, and
within an hour OF the close II became evident that
the speculative mania was giving way 10 SOBER
reason and that tue owners ot stock had begun
he process OF realization. Careful observers OF
he course OF prices let the market Sc
Ierely alone from the opening hour, the
atmosphere even then being lul OF impend-
ng danger; vet hundreds were caught
a the decline, and IN their losses paid the penalty
II overweenlng confidence in the future.
Among the changes or the street II was noticeable
hat some OF the low priced securities remained
rm, and even advanced. TIE leehng with REFER
ence these is still hopeful and 1t is believed that
!hey will follow any well founded upward move
ment that may be established.
THE TRANSACTIONS OF THE DAY
were remarkable. amounting TO about 100000
shares This is the largest business that has been
recorded during the same period for many years.
The principal dealings may be distributed as lol
lowS:-New York Central and Hudson. 745: Erie
%, 6oO Lake Shore. 1900; Northwestern, $500;
do preferred, 1900; Rock Island. $500; Pacific
Mail 10 900; St. Paul. a. 600 do. preferred, 1900;
Ohios, $4,000; Western Union, $4,000; Wabash
3d. o0O Union Pacific l15oOo c., c. and l. c., 1000.
THE RANGE OF PRICES
was doubtless Affected by the sharp advance in
gold and paper currency, the former having adj
Vanced to per cent, and the latter to 1882 or
per cent per diem for The notable rise OF the
lay was in Union Pacific which moved from so to
Sh from which there was sudden decline to
Is, with closing prices at 66la. The next
greatest rise was In New Jersey Southern,
Which suddenly moved from 90 to 104.
rhe hnal rates were T. Wabash advanced from
AZ 10 l69s. then quickly receded to 147s, at which
igure the close was made. Hannibal and ST. Jo-
seph common was active, with a range from
rex to soA. The preferred stock advanced RON
351. TO 81. Erie opened in q tempting manner
At 35ss, but fell OF to 81 after various
changes. Atlantic and Pacific Telegraph was
also more than usually active, moving from A1s
70 20. Ohio and Mississippi rose TO 29's, but de-
slined at the close per cent. At the opening
Western Union stood at 767. a Il; at the close 1t
was on the market at 753s. Pacific Mail in the
early hours was active around IS asa. Later.
s0wever, 1t receded 10 4224 427s, ct which price
IL closed. The highest in Northwest was 4s3s but
the stock closed at 453s. Lake Shore fell of from
IS to 1879. Rock Island ranged IRON 1863 to 1861.
St. Paul common declined from 3sss to 365s a 3524.
C., G. and l. c. improved per cent, but was par
!icipant in the general reaction. New YORK Cen.
sral sold throughout the day at lol. The other
changes will be found below. The events OF the
day were interesting because unusual. and they
constitute episode OF the Stock Exchange
which, unless overshadowed by weigatier expe.
riences, likely TO be ONE part OF the salient
memories OF the street.
ADVANCE AND DECLINE
Compared with the closlngprlces OF Saturday the
following are the changes at the end or the market
to-day
ApvASCE-Atlantic and Pacific, preferred, 11s;
New YORK Central, %; c., G. and /. c., Y Delaware
and Lackawanna. "a ONO and Mississippi, q;
Panama, l; Wabash, Is; Union Pacific, Az Allan
tic ana Pacific Telegraph, al gold, "a.
DECLINE-Erle, 20; Hannibal, aud St. Joseph,
n; Lake snore. "A Northwestern, e; Pacific
Mali, 2; Rock Island, !; 81. Paul, i Western
Cplon, q; Northwestern, preferred, "a.
OPENING. HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
And lou est nrices of rhe dav