The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-05
FINANCIAL AND COMMERCIAL.
The Stock Market Unsettled
and Without Feature.
G o L D ia IA.
Money on Call Loans Was Easy
at e 1-2 a 8 Per Cent.
GOVERNMENT BONDS STEADY.
WALL STREET,


THURSDAY. Feb. 4-6 p. N.
stocks to.oay were again unsettled and feversh.
owing to the yet undetermined prospects OF spec
ulation. A large short interest has recently been
forced into covering, and Is now awaiting further
opportunities for MAKING fresh turns. A small
short interest IL still at work, backed BY conn.,
dencs In lower prices. The bulls are equally un-
certain OF Improvement, though 1t must be con-
coded that they arc lor the moment giving to The
market much OF It's strength. and act as Il they be-
lieved In an advance and its COMMENSURATE profits.
1t cannot be said rnat the situation Is encouraging
In either aspect. Only the large operators know
what Is going on, and these hold Their purposes
secret. When It Is least expected certain
stock will be pressed to the 'front.', the
street win 60 wild with hope OF reward
ana, for the time being, prices will take the most
encouraging shape. Few, outside OF those who
possess gambling proclivlties and are IN the habit
OF measuring the probabilities OF Wall street by
the probabilities OF the bank. are likely to be
entrapped by the present dangerous CONDITION OF
the stock market. In short. the situation is
'mixcd," and Individual judgment must take care
Of itself The decline OF STOCKS at the close Of the
business hour ranged from u to per cent from
the highest point OF the day, though it will be oh.
served, compared with the closing prices yester.
day, that they were generally higher.
THE RANGE or PRICES
The leading feature OF the STOCK market was
Northwest common, which advanced from a. to
G7K but subsequently receded to 483<. Erie sold
1t 2SX 2oX, closing at 20. Lake Shore receded
from TAX 10 TAX, and continues TO be O 1ject Of
doubt among SPECTATORS. The ending was made
at TAX. Wabash sold at l6X Tx. closing at
lex. Rock Island at l041s l05K 104X q l04X.
ST. Paul at 80 o ss1S SIX So. OHIO ana Misss-
nppi at 2SZ o 29x 2SX. Union Pacific advanced
from s9x to 4o1I, ending at SoH. c., G. and I. O.
touched ana closed ~ sX. western Union began
and closed business ut TAX, declining meanwhile
to 73x PAcirc Mail advanced from 35X to s8k
and closed at S5h.
ADVANCE AND DECLINE.
Compared with the close OF prices yesterday
those Of to-day were as follows:-
ADvAXcR.--C., Q. and l. o., u; Erie, u; Hannibal
and 81. Joseph, %; Harlem, n; Northwest, IN;
OHIO and Mississippi II Panama, Y; Quicksilver,
IN; ROCK Island, u; 81. Paul. III Wabash. u;
Atlantic and Pacific Telegraph. Y; Northwest pre-
DEcLINE.-Union Pacific, Il.
The stocks that remained steady were Atlantic
and Pacific preferred, New York Central Lake
Shore, Pacific Mail, Western Union Telegraph and
Canton.
pf active stocks to-day amounted to $4,000 shares,
which were distributed 81 follows THEW Nork Gen.
trail and Hudson. o22; Erie, 4eo0; Lake shore,
eSooo Northwestern 80, 100; 90. preferred, HOO:
Rock Island, o,loo; Pacific Mail, 1890; 81, Paul.
1880; do. preferred. 200; Ohios, 1900; Western
Unlon 49, 100; Wabash, 1900; Union Pacific. 27,70o;
O., G. and l. G., 1900.
OPENING HIGHEST AND LOWEST PRICHs
The following table shows the opening, highest
M lnuaat urinaa Of the dav.-