The New York herald., 1875-03-04
The Stock Market Firm and
Prices Higher.
GOLD A G A l N 1 5.
Changes in the Pacific Mail
Direction.
BONDS GENERALLY STEADY.
WALL STREET,
WEDNESDAY. March So z. NJ.


ket There a stronger assertion of confidence;
operators buying more freely; prices have
advanced and appear to be well sustained. aud
the course OF speculation Is strongly sympathetic
win the new influences that have been set at
work. We do not propose 10 stop here ana dis
cuss them. We have 20 deal simply with the
events OF the day. There was much comment in
connection with the reports from the Wisconsin
Legislature, ana the prices OF the so-called
granger stocks huctuated accordingly; but by q
few who Claimed to be III the secrets OF the
disputing railroads, ir was said that no
decision would be reached until Saturday.
which, by the way, is announced as the
day OF adjournment. buying process was man
ifested in connection with the sundry rumors, and
from the strength shown at the close It would
seem that the principal operators and their friends
are in possession Of information that is indicative
OF "a legislative purpose 10 modify the objection
able fea lures OF the Potter law. There is doubt
that Wall street will advantageously make use Of
the proposed amendments and that. speculatively,
certain Western securities may snow gain.
THE LEADING FEATURES
OF the stock market to-day. measured not only BY
transactions but by discussions, were Union
Pacific and Pacific Mail. 1t Is now conceded that
these two parties have become one; in other
words that they have conjoined and present
common front. There are ooservant men, how.
latter stock, the report OF Its former treasurer,
the detail of its losses and liabilities and
the mlslortunes to which 1t is liable, do not
take comfort even in the announcement that
follows, to wit: That at q meeting OF the drec-
ton to-day Russell Sage resigned and was super
ceded Dy Mr.. Sidney Dillon, President OF the Union
Pacific as President pro. TEN. OF Pacific Mail; that
Messrs. Tacott. Guon ana A. S. Hatch likewise
resigned. and in their places were elected Messrs.
Jay Gould, D. ID. Co(soo and Oliver Ames
'nurry'' in Pacific NAL Is counted upon IN the
market as the re CT WIS manRu -.s. but 1t 1s
difficult to see what the Union Pacific Company,
now the acknowledged leader of the stock mar
ket, can gain from such o coalition. The change
may serve o speculative purpose, out 1t is a nice
question whether new set OF directors of equal
intelligence can surpass the efforts OF their pre-
decessors in the task OF rescuing q corporation
from misfortune.
THE RANGE PRICES TO-DAY
was as follows: Western Union opened at Is. re-
ceded 4, advanced to IS, fell or to TAX, gained
75H and closed at 742s; Lake Shore changed from
1871 to 73A and ended at 73H Pacific Mail opened
at Ssk, sold down to 80, was changeabe, but
finally sold at 39X. change in Panama
is intmated in connection with the IN
timacy between Union Pacific and Pacific
Mail. The price to-day was Ill l11a.
Erie sold at 2714 262l 26%. Northwest COM
mon, owing to reasons above mentioned. ad-
vanced from AK to AZ, then fell OF, but subse-
quently resumed Its strength and moved up to
42X. closing at 42H. The preferred stock sold at
53X q 54H. st. Paul changed from 342s to 3lz
but closed ar 34S; the preferred stock was
steady at 53}S. Hannibal and ST. Joseph sold at
81 a 21H. ana is said to be strongly held;
wabash receded from 12H to 11S and
ended at 11A; OHIO and Mississippi
declined from 2614 261a to 259S, but closed with
an Improvement to 25zS. c., @. and l. c. was steady
all day at 8. The may be said OF Atlantic and
Pacific Telegraph, which was quoted at 20. Union
Pacific commanded much atten tion by its adv ance
from 42k TO 43%, the gain having been almost
uninterrupted since the upward movement COM
menced. Michigan Central ended at 76'4, Atlantic
and Pacific preferred at 1914. The chief strength
Of the stock market was generally manifest at the
close.
THE TRANSACTIONS
to-day amounted to 221, 900 shares, OF which 1000
belong ITO Union Pacific and 59,4 to
Pacific Mail. Tne sales are distributed as
folows:-New York Central and Hudson,
s0O Erie, 5,sOO Lake Shore, 11200; Cleveland
and Pittsburg 1OO Northwestern, a. 900; do. pre-
ierred 9OO Rock Island 1900; Pacific Mail,
So 400; st. Paul, 1900; do. preferred, 200; ohio,
lO5oo; western Union, $4,000; WABASH, $500;
Union Pacific, $1,000.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
and low est prices OF the day -